Acumen Research and Consulting estimates that global Aerospace Materials market is expected to reach the market value of around US$ 7 Bn by 2027 and is anticipated to grow at a CAGR of around 6.7% in terms of revenue during the forecast period 2020 – 2027.
Aerospace materials are components used for the production of the various aircraft parts by the aircraft OEMs & product manufacturers. There have been ongoing advances in the components used for aircraft construction. Earlier airlines were mostly constructed from spruce and wood, and the muslin wings are covered by fat, although the airlines today are mostly built of metal, with some steel construction. Aluminum is light, technologically sophisticated and fairly cost-effective, and thus aerodynenic features to the aircraft are comparatively small compared to other composites.
The report provides analysis of global Aerospace Materials market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Insights
Increased demand for lightweight and fuel-efficient aircraft is a catalyst that drives the development of the global aviation industry. As the reduction in aircraft weight greatly impacts the flight operating costs and also increases fuel performance in the interest of the operators of the aircraft. Growing air traffic in developing regions like Asia Pacific often contributes to rising fleet size, resulting in increased demands for aerospace materials. In fact, growing competition for new aircraft is the biggest driver of the market in aerospace materials. The restricted choice for constructing complex structures hampers the development of the aerospace materials industry. In comparison, the growing demand in developing markets for commercial aircraft contributes to expanded production of these aircraft and provides the producer with massive opportunities.
Regional Stance
Asia Pacific region is anticipated to dominate the market led by China. China's GDP economy is the one of the highest in the world. China is one of the fastest growing markets and is also one of the world's biggest producers. One of the biggest contributors to the country's economy is the automotive sector.
In the last five years, China has played a significant role in the development of global air traffic. The average growth rate of passengers per year was over 10 percent. This increase is driven mainly by increased transport of passengers because of higher expenditure and better air connectivity. As a result, the market for planes will rise with an increasing number of passengers.
Boeing further estimated that, over the next 10 years, China's national average passenger-kilometer revenue will grow at an annual rate of 6.1 per cent.
The overall civilian aircraft fleet in the world has steadily risen over the last five years. In fact, the Chinese firms are expected to purchase nearly 7,690 new aircraft in the next 20 years, worth approximately USD 1.2 trillion. The aerospace industry in China is one of the country's leading industries and the government spends heavily to expand its domestic manufacturing capacity. The government also aims to construct new airports while upgrading existing airports' maintenance capacity.
Report coverage
The market research study on “Aerospace Materials Market (Aluminium Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composite Materials, Others; Aerospace Materials Market By Aircraft type: Business & General Aviation, Commercial Aircraft, Military Aircraft, Helicopters, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Aerospace Materials market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Aerospace Materials market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Aerospace Materials market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Aerospace Materials market is segmented as below:
Market Segmentation
Aerospace Materials Market By Material
Aluminium Alloys
Steel Alloys
Titanium Alloys
Super Alloys
Composite Materials
Others
Aerospace Materials Market By Aircraft type
Business & General Aviation
Commercial Aircraft
Military Aircraft
Helicopters
Others
Aerospace Materials Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players such Aleris Corporation, Alcoa Corporation, AMG Advanced Metallurgical Group, Air Transport International, Inc., AMI Metals, Avdel, DOW, Hexcel Corporation, Constellium, Solvay, and Others.
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Aerospace Materials
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Aerospace Materials Market By Material
1.2.2.1. Global Aerospace Materials Market Revenue and Growth Rate Comparison By Material (2020-2027)
1.2.2.2. Global Aerospace Materials Market Revenue Share By Material in 2019
1.2.2.2.1. Aluminium Alloys
1.2.2.2.2. Steel Alloys
1.2.2.2.3. Titanium Alloys
1.2.2.2.4. Super Alloys
1.2.2.2.5. Composite Materials
1.2.2.2.6. Others
1.2.3. Aerospace Materials Market By Aircraft type
1.2.3.1. Business & General Aviation
1.2.3.2. Commercial Aircraft
1.2.3.3. Military Aircraft
1.2.3.4. Helicopters
1.2.3.5. Others
1.2.4. Aerospace Materials Market By Geography
1.2.4.1. Global Aerospace Materials Market Revenue and Growth Rate Comparison by Geography (2020-2027)
1.2.4.2. North America Aerospace Materials Market Revenue and Growth Rate(2020-2027)
1.2.4.3. Europe Aerospace Materials Market Revenue and Growth Rate(2020-2027)
1.2.4.4. Asia-Pacific Aerospace Materials Market Revenue and Growth Rate(2020-2027)
1.2.4.5. Latin America Aerospace Materials Market Revenue and Growth Rate(2020-2027)
1.2.4.6. Middle East and Africa (MEA) Aerospace Materials Market Revenue and Growth Rate(2020-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Pure Cashmere Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Pure Cashmere Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Pure Cashmere Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Pure Cashmere Major Manufacturers in 2019
CHAPTER 4. AEROSPACE MATERIALS MARKET BY MATERIAL
4.1. Global Pure Cashmere Revenue By Material
4.2. Aluminium Alloys
4.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.3. Steel Alloys
4.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.4. Titanium Alloys
4.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.5. Super Alloys
4.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.6. Composite Materials
4.6.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.7. Others
4.7.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 5. AEROSPACE MATERIALS MARKET BY AIRCRAFT TYPE
5.1. Global Pure Cashmere Revenue By Aircraft type
5.2. Business & General Aviation
5.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.3. Commercial Aircraft
5.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.4. Military Aircraft
5.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.5. Helicopters
5.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.6. Others
5.6.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 6. NORTH AMERICA AEROSPACE MATERIALS MARKET BY COUNTRY
6.1. North America Aerospace Materials Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.2. North America Aerospace Materials Market Revenue Share Comparison, 2020 & 2027 (%)
6.3. U.S.
6.3.1. U.S. Aerospace Materials Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
6.3.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
6.4.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
CHAPTER 7. EUROPE AEROSPACE MATERIALS MARKET BY COUNTRY
7.1. Europe Aerospace Materials Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.2. Europe Aerospace Materials Market Revenue Share Comparison, 2020 & 2027 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
7.5.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
7.6.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
7.7.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
CHAPTER 8. ASIA-PACIFIC AEROSPACE MATERIALS MARKET BY COUNTRY
8.1. Asia-Pacific Aerospace Materials Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.2. Asia-Pacific Aerospace Materials Market Revenue Share Comparison, 2020 & 2027 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
8.8.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
CHAPTER 9. LATIN AMERICA AEROSPACE MATERIALS MARKET BY COUNTRY
9.1. Latin America Aerospace Materials Market Revenue and Growth Rate, 2020 - 2027 ($Million)
9.2. Latin America Aerospace Materials Market Revenue Share Comparison, 2020 & 2027 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA AEROSPACE MATERIALS MARKET BY COUNTRY
10.1. Middle East & Africa Aerospace Materials Market Revenue and Growth Rate, 2020 - 2027 ($Million)
10.2. Middle East& Africa Aerospace Materials Market Revenue Share Comparison, 2020 & 2027 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Aircraft type, 2020 - 2027 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Aleris Corporation
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Alcoa Corporation
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. AMG Advanced Metallurgical Group
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Air Transport International, Inc.
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. AMI Metals
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Avdel
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. DOW
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Hexcel Corporation
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Constellium
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Others
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
