Global Aerospace Material Market to Register 6.87% CAGR to 2021, States Azoth Analytics in Its Recent Report Published at MarketPublishers.com21 Apr 2017 • by Natalie Aster
LONDON – Global aerospace material market is poised to grow at a 6.87% CAGR through to 2021. The strong growth in the market is driven by the surging number of commercial aircraft ordered worldwide and rising defence spending by the leading countries. Additionally, the ongoing development and improving functionalities of the aerospace materials to reduce aircraft weight along with increasing fuel economy are giving a boost to the market for aerospace materials.
By material type, titanium alloys, in value terms, hold the dominant share of the total aerospace material sector. Meantime, the composites segment is expected to witness a considerable growth rate as these materials are economical, light weight, and allow to increase fuel efficiency and cut the airlines’ operating expenses. Over the last several years, the usage of composites has been extended to the functional components like fuselage skins, wings, engines and landing devices from conventional light cabin or structural components.
Geography-wise, the APAC is projected to expand at the highest pace, primarily fuelled by vigorous economic growth, and surging per capita personal income resulting in higher propensity to travel.
In-demand research report “Global Aerospace Material Market” created by Azoth Analytics contains an all-encompassing examination of the current performance of the market on a global level.
The publication offers detailed market segmentation by material type and aircraft type; providing market values and forecasts for each of the market segments. Regional and country market analyses are also provided, covering market sizing by value and forecasts as well as segmentation of each region and country by material and aircraft type. The report canvasses the market dynamics covering key market trends, challenges and drivers. Issues like policies and regulations are discussed, too. It includes a SWOT analysis and Porter’s five forces analysis of the industry. Moreover, the research covers the competitive landscape and discusses the top 10 market players. Future outlook for the market is provided through to 2021.
Companies reviewed encompass: Alcoa Corporation, Constellium, Toray Industries, Inc., Cytec Solvay Group, ATI, Kobe Steel, Ltd, Teijin Limited, DuPont, AMG Advanced Metallurgical Group, and Aleris Inc.
More insightful research reports prepared by Azoth Analytics are available at this page.