With the slowdown in world economic growth, the Aerospace Materials Industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Aerospace Materials market size to maintain the average annual growth rate of 0.0119555875622 from 9800.0 million $ in 2014 to 10400.0 million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Aerospace Materials market size will be further expanded, we expect that by 2023, The market size of the Aerospace Materials will reach 11300.0 million $.
Aerospace materials are high performance materials developed for aerospace purposes. These materials offer high strength and heat resistance. Majority of materials used in aerospace are metal alloys and carbon fiber composites.
Increasing air passenger traffic is expected to boost growth of the global aerospace materials market over the forecast period. For instance, the Association of Asia Pacific Airlines (AAPA) revealed that a total of 30.4 million international passengers were carried by Asia Pacific airlines in May 2019, accounting for a 4.4% increase compared to May 2018. Moreover, increasing number of space missions is also expected to aid in growth of the market. For instance, NASA conducted seven expeditions during 2018-2019 and is expected to conduct two more in 2020.
Increasing number of satellites is expected to contribute to growth of the global aerospace materials market. For instance, in November 2019, SpaceX launched 60 Starlink internet satellites to join its growing megaconstellation in orbit. Moreover, investment in military aircraft is also expected to aid in growth of the market. For instance, in January 2020, the Polish government signed a deal to purchase 32 F-35A Lightning II fighter jets from the U.S.
R&D in aerospace materials is expected to offer lucrative growth opportunities for players in the global aerospace materials market. For instance, in January 2020, researchers from National University of Defense Technology, China, reported development of a new biomimetic composite structure with tunable stiffness and superior toughness.
Major players in the market are focused on enhancing their production process. For instance, in May 2018, Alcoa Corporation and Rio Tinto announced a revolutionary process to make aluminum that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process.
Major players in the market are also focused on adapting M&A strategies to expand their product portfolio. For instance, in September 2018, Kaiser Aluminum Corporation acquired Imperial Machine & Tool Co., a multi-material additive manufacturing and machining technologies company for aerospace and defense, automotive, high-tech, and general industrial applications.
Key Takeaways:
- Increasing air passenger traffic is expected to augment growth of the global aerospace materials market over the forecast period
- R&D in aerospace materials is expected to offer lucrative growth opportunities for players in the market
- Major players operating in the global aerospace materials market include, Alcoa Corporation, Rio Tinto Alcan, Kaiser Aluminum Corporation, Aleris, Rusal, Constellium, AMI Metals, Arcelor Mittal, Nippon Steel & Sumitomo Metal, Nucor Corporation, Baosteel Group, Thyssenkrupp Aerospace, Kobe Steel, Materion, VSMPO-AVISMA, Toho Titanium, BaoTi, Precision Castparts Corporation, Aperam, VDM, Carpenter, AMG, ATI Metals, Toray Industries, Cytec Solvay Group, Teijin Limited, Hexcel, and TenCate
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information,
➜ Section 1: Definition
➜ Section (2 3): Manufacturer Detail
Alcoa
Rio Tinto Alcan
Kaiser Aluminum
Aleris
Rusal
Constellium
AMI Metals
Arcelor Mittal
Nippon Steel & Sumitomo Metal
Nucor Corporation
Baosteel Group
Thyssenkrupp Aerospace
Kobe Steel
Materion
VSMPO-AVISMA
Toho Titanium
BaoTi
Precision Castparts Corporation
Aperam
VDM
Carpenter
AMG
ATI Metals
Toray Industries
Cytec Solvay Group
Teijin Limited
Hexcel
TenCate
➜ Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
➜ Section (5 6 7): Type Segmentation
Product Type Segmentation ╼
⤍ Aluminium Alloys
⤍ Steel Alloys
⤍ Titanium Alloys
⤍ Super Alloys
⤍ Composite Materials
Industry Segmentation ╼
⤍ Commercial Aircraft
⤍ Military Aircraft
➜ Channel (Direct Sales, Distributor) Segmentation
➜ Section 8: Trend (2019-2026)
➜ Section 9: Product Type Detail
➜ Section 10: Downstream Consumer
➜ Section 11: Cost Structure
➜ Section 12: Conclusion
Request Discount 
Inquire Before Buy
