aerospace materials market size is expected to reach USD 37.36 Billion at a CAGR of 6.3% in 2028, according to latest analysis by Emergen Research. Steady global aerospace materials market revenue growth rate can be attributed to rising focus on improving aircraft fuel-efficiency by light-weighting and use of more advanced materials and technologies. Aircraft manufacturers are making substantial investments and employing efforts to design and develop more lightweight aircraft following the concept of green aviation. Aviation accounts for 12% of CO2 emissions from all transports sources. Rising concerns and increasing initiatives to reduce various forms of environmental pollution and global warming are driving efforts to decrease aviation emissions by improving energy efficiency. Making aircraft lightweight is an effective way to improve fuel efficiency, owing to need for less thrust and lift force during take-off and flight. In a Boeing 787, weight reduction of 20% leads to increase in fuel-efficiency by around 10% to 12%. Apart from decreasing carbon footprint, light-weighting helps to improve flight performance, including structural strength, acceleration, and safety and performance.

Aerospace material market revenue growth is driven by increasing defense budget, which in turn would lead to purchase of new fighter and transport aircraft in the military and defense sector. It has been estimated that global military expenditure in 2020 was over USD 1980.0 billion, which was around 2.6% more than expenditure in 2019. Development of stealthier and more advanced fixed-wing aircraft is gaining attention of military organizations worldwide to enhance aerial capabilities. For example, between 2021 to 2026, Denmark is expected to purchase 27 F-35 aircraft, which is a multi-role fighter plane. Fighter planes offer close air support to defend land armies and also deters enemy air strike threats, while in naval warfare, these aircraft are beneficial in detecting and neutralizing warships and submarines to safeguard seacoasts.

A recent study on the Aerospace Materials market aims at leveraging the insights and perspectives derived on the basis of both qualitative and quantitative data evaluation for the forecast period, 2021-2028. The market intelligence reports on Aerospace Materials market dives deep into aspects including but not limited to the market size, growth and share across different regions to keep the stakeholders and business owners informed and help them make a wise business decision. For data-savvy product owners, sophisticated business evangelists and information-focused filed marketing personnel, looking to incorporate qualitative figures into their fundamental perspective the report presents an unrivalled statistical data on both past and future industry trends.

Your FREE Sample Copy with Table of content https://www.emergenresearch.com/request-sample/819

The extensive survey on the Aerospace Materials market further identifies data that best fits the business requirement such as product classification, application and important definition. In addition, the study takes into account series of industry-leading events designed to enlighten the product owners on return on investment, investment feasibility, supply chain management, consumption volume, customer behaviour and demand and supply. To bring in more accuracy and quality to the study of Aerospace Materials market the report interprets critical information through tables, infographics, and charts.

Report Objective:

The report offers a complete analysis of the global Aerospace Materials market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. Alcoa Corporation, Huntsman International LLC, DuPont, Constellium NV, Teijin Ltd., Kobe Steel Ltd., Solvay Ltd., Hexcel Corporation, SABIC, and Materion Corporation.

Click here to Get customization: https://www.emergenresearch.com/request-for-customization/819

The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Highlights From the Report

In January 2021, Thyssenkrupp Aerospace signed into a three-year materials supply contract with South Korea’s, Korea Aerospace Industries (KAI). As per the agreement, Thyssenkrupp Aerospace will supply materials for military and civilian aircraft programs of KAI and manage supply chain.

Among the material type segments, titanium segment revenue is expected to expand at a significantly rapid rate over forecast period. Titanium alloys find extensive application in highly-loaded airframe sections, high Mach speed aircraft skin, undercarriage parts, fuselage, landing gear, jet engines, and various other aircraft parts and components that require fracture toughness, high strength, and resistance to fatigue. Also, titanium alloys are ideal for reducing weight of aircraft, while delivering a high strength-to-weight ratio.

Among the application segments, structural frame segment accounted for largest revenue share in 2020. Materials, such as aluminum are considered highly suitable for aircraft frame production, owing to lightweight and strength. Also, aerospace materials used in structural frames are lighter than steel and thus enable higher aircraft payload and improve fuel-efficiency. Also, aluminum is highly resistant to corrosion, thereby enhancing aircraft safety.

The study delivers real answers for questions about market segmentation by types, region and application to power the overall market research for the forecast period 2021-2028. Subject matter experts behind the market analysis have collaborated with some of the highly acclaimed business owners to track records and estimate what is happening in areas such as technology innovation, production volume, end-use and product pricing. Research analysts have further remodeled their approach to present a report uniquely positioned to offer unmatched information on prominent manufactures, new entrants, exiting white spaces, acquisitions and mergers, collaborations and product launches.

Emergen Research has segmented the global aerospace materials market on the basis of material type, application, aircraft type, and region:

Material Type Outlook (Revenue, USD Billion; 2018–2028)

Aluminum Alloys

Titanium Alloys

Steel Alloys

Super Alloys

Plastics

Composites

Others

Application Outlook (Revenue, USD Billion; 2018–2028)

Structural Frame

Cabin Interiors

Propulsion System

Others

Aircraft Type Outlook (Revenue, USD Billion; 2018–2028)

Commercial Aircraft

Military Aircraft

Rotorcrafts

General & Business Aircraft

Spacecraft

Get a free exclusive sample of Aerospace Materials market report: https://www.emergenresearch.com/request-sample/819

Key point summary of the report:

The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.

It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.

The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.

It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.

The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.

The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.

Thank you for reading the research report. We also offer report customization as per client requirement. Kindly connect with us to know more about the customization feature and our team will offer you the best suited report. 

Latest Reports Published By Emergen Research

Food Vacuum Machine Market https://www.emergenresearch.com/industry-report/food-vacuum-machine-market

Emulsifiers Market By Product Type https://www.emergenresearch.com/industry-report/emulsifiers-market

Computer Aided Diagnosis Market https://www.emergenresearch.com/industry-report/computer-aided-diagnosis-market

Top 10 Healthcare Business Intelligence Companies In The World https://www.emergenresearch.com/blog/top-10-healthcare-business-intelligence-companies-in-the-world

Medical Supplies Market https://www.emergenresearch.com/industry-report/medical-supplies-market

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Tags: Aerospace Materials Market Share, Aerospace Materials market size

See Campaign: https://www.emergenresearch.com/industry-report/aerospace-materials-market

Contact Information:

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: [email protected]

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

Tags:
Reportedtimes, PR-Wirein, iCN Internal Distribution, Research Newswire, English