[151 Pages Report] The Aerospace Materials Market is projected to reach USD 25.80 Billion by 2022, at a CAGR of 6.9% from 2017 to 2022. In this study, 2016 has been considered as the base year, and the forecast period is from 2017 to 2022. The growing demand for aerospace materials in Asia-Pacific, Europe, and North America, coupled with its increasing applications in the new generation aircraft and rising environmental concerns are expected to drive the aerospace materials market.

Objectives of the Study:

To define, segment, and forecast the aerospace materials market, in terms of both value and volume

To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

To analyze and forecast the market size of aerospace materials based on type and aircraft type

To forecast the market size with respect to five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America

To analyze competitive developments such as expansions, new product developments, joint ventures & partnerships, and mergers & acquisitions in the aerospace materials market

To strategically identify and profile the key players as well as to analyze their core competencies* in the aerospace materials market

This research study used extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the aerospace materials market. Primary sources are mainly several industry experts from core and related industries, and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry�s supply chain. The bottom-up approach was used to estimate the global market size of aerospace materials based on type, aircraft type, and region, in terms of value and volume. The bottom-up approach was implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primary interviews, the exact values of the overall parent market, and individual market sizes were determined and confirmed in this study.

To know about the assumptions considered for the study, download the pdf brochure

The aerospace materials market has a diversified and established ecosystem of its upstream players such as raw material suppliers, and downstream stakeholders such as OEM�s, aircraft manufacturers, end users, and government organizations.

This study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments. These stakeholders include aerospace materials manufacturers such as Toray Industries, Inc. (Japan), Cytec Solvay group (Belgium), Alcoa Corporation (U.S.), Du Pont (U.S.), Teijin Ltd. (Japan), Kobe Steel Ltd (Japan), and others.

Target Audience:

Aerospace Materials Manufacturers

Aerospace Materials Traders, Distributors, and Suppliers

Aerospace OEM Manufacturers

End Users

Government and Research Organizations

Associations and Industrial Bodies

Research and Consulting Firms

R&D Institutions

Environment support agencies

Investment banks and private equity firms

Scope of the Report:

This research report categorizes the aerospace materials market based on type, aircraft type, and region, and forecasts revenue growth and provides an analysis of trends in each of the submarkets.

Based on Type:

Aluminum Alloys

Steel Alloys

Titanium Alloys

Super Alloys

Composite Materials

Others

Based on Aircraft Type:

Military Aircraft

Commercial Aircraft

Helicopters

Business & General Aviation

Others

Based on Region:

Asia-Pacific China India Japan South Korea Indonesia Rest of Asia-Pacific

North America U.S. Canada Mexico

Europe Western Europe Germany U.K. France Italy Rest of Western Europe Central & Eastern Europe Russia Turkey Rest of Central & Eastern Europe

South America Brazil Argentina Rest of South America

Middle East & Africa Israel UAE Rest of Middle East & Africa



These segments are further described in detail with their subsegments in the report, with value and volume forecast till 2022.

Available Customizations: The following customization options are available for the report:

Company Information

Analysis and profiles of additional global as well as regional market players (Up to three)

The global aerospace materials market is projected to reach USD 25.80 Billion by 2022, at a CAGR of 6.9% from 2017 to 2022. Increased passenger transportation is projected to enhance the aircraft production industry, which will further drive the demand for aerospace materials.

Based on type, the aluminum alloys segment is expected to lead the aerospace materials market during the forecast period. Increasing demand from aircraft production industry is resulting to an increase in the consumption of aerospace materials globally. The share of aluminum alloys in the aerospace materials is expected to decline in future owing to the increasing use of composite materials. However, high-strength and low fatigue aluminum alloys will continue to be the important aerospace materials for the aircraft industry.

Based on aircraft type, the commercial aircraft segment is projected to lead the aerospace materials market from 2017 to 2022. Increasing passenger transport, coupled with an increase in demand for commercial aircraft is expected to propel the aerospace materials market for the commercial aircraft segment during the forecast period.

North America dominated the aerospace materials market in 2016 and is expected to continue its dominance during the forecast period. The U.S. is the major consumer of aerospace materials and the demand for aerospace materials is expected to increase during the forecast period in North America. The high demand for aerospace materials is primarily due to the presence of top aircraft manufacturers such as Boeing, Lockheed Martin, and others in the region.

Though the aerospace materials market is growing at a significant rate, few factors hinder the growth of the market globally. The global defense expenditure is declining due to defense budget reductions by key defense spending nations. The declaration of the reduction in the defense spending till 2022 by the U.S. government has impacted the global defense equipment manufacturer�s market; especially the military aircraft manufactures market, which will further impact the aerospace materials market.

Companies such as Toray Industries, Inc. (Japan), Alcoa Corporation (U.S.), Cytec Solvay Group (Belgium), Du Pont (U.S.), Teijin Limited (Japan), ATI Metals (U.S.), and Constellium N.V. (Netherlands) are the leading players in the aerospace materials market. These companies have adopted various organic and inorganic growth strategies such as expansions, mergers & acquisitions, and new product developments to enhance their market shares.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst