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.
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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.
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.
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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.
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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
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