DUBLIN, May 06, 2022--(BUSINESS WIRE)--The "Aerospace Materials - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Aerospace Materials Market to Reach $30.1 Billion by 2027
The global market for Aerospace Materials estimated at US$19.8 Billion in the year 2020, is projected to reach a revised size of US$30.1 Billion by 2027, growing at a CAGR of 6.2% over the analysis period 2020-2027.
Aluminum Alloys, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$10.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Steel Alloys segment is readjusted to a revised 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 9.4% CAGR
The Aerospace Materials market in the U.S. is estimated at US$6.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.
Titanium Alloys Segment to Record 5.6% CAGR
In the global Titanium Alloys segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Billion by the year 2027, while Latin America will expand at a 7.3% CAGR through the analysis period.
Aerospace Materials: An Introductory Prelude
Changing Material Mix as Fuel Economy Throws the Spotlight on Aircraft Lightweighting
Materials Used in Aircraft Manufacturing
Global Economic Environment Influences Demand Dynamics
2. FOCUS ON SELECT PLAYERS (Total 42 Featured)
Healthy Growth of the Commercial Aviation Sector Presents Opportunities Across the Aircraft Manufacturing Supply Chain
Fast-Growing UAV Market Spurs Demand for Advanced Aerospace Materials
Rising Demand for Wide Body Commercial Aircrafts Augurs Well for Aerospace Materials Market
Growth of Low-Cost Carriers: An Opportunity for Aerospace Materials Market
LCC Short Haul Market as % of Total Seat Capacity by Region
Business & General Aviation Segment Poised to Lead Future Growth in the Aerospace Materials Market
3D Printing Eases Stringent Material Requirement Criteria in Aerospace Parts Manufacturing
List of Select 3D Printing Materials for Aerospace Applications
Aging Aircraft Expand Opportunities for Engineering Materials
Aging Aircraft & the Ensuing Need to Ensure Airworthiness of Older Airplanes to Spur Opportunities in the MRO Services Market
Composites: The Dominant Aerospace Material Category
Progressive Expansion in Use Case Results in Composites Evolving as Mainstream Aerospace Material
Composites Make Up for About Half of Total Weight of Modern Aircraft: Percentage Breakdown of Structural Weight Composition by Material for Airbus 350XWB and Boeing 787
Evolution of Composite Materials as % of Aircraft Mass for Select Fighter Aircrafts
Evolution of Composite Materials as % of Aircraft Mass for Select Commercial Aircrafts
Advanced Composites Storm into the Spotlight
Nanocomposites Quickly Evolve into Advanced Solutions in Aircraft Construction
Carbon Continues to Make Gains as Best-in-Class Aerospace Composites Material
Asian Companies Dominate Aerospace-Grade Carbon Fiber Production
Carbon Fiber Composites Find Favor in Aircraft Interiors
Emergence of New & Unconventional Composites for Use in Aircraft Interiors
Graphene: The Next Generation Material for Aerospace Industry
Latest Developments in Aerospace Graphene Materials Space
Established Role of Aluminium in Aircraft Manufacturing Renders Improved Outlook for Aluminium Alloys
Newer Titanium Alloys Gain Traction in Aerospace Application for Engine Parts and Airframes
New Aluminum Alloys to Emerge for Aircraft Manufacture
Superalloys Emerge as Key Manufacturing Materials for Aircraft Engines
Nickel Alloys Combine Immense Strength and Extreme Temperature Tolerance
Steel Alloys Lend Traction in Producing Long-Lasting Fasteners & Landing Gear Bolts
Alloy 321: Top-of-Class Steel Alloy that Can Endure Extreme Temperatures
Magnesium Alloys Gain Attention with Favorable Casting Characteristics
Aircraft Electrical Systems: The Stronghold Application for Copper & Copper Alloys
Composites not the Panacea for Better Aircraft Manufacture as There are Few Disadvantages As Well
Growing Use of Composites in Airframes Challenge MRO Providers to Seek for Improved Tools and Techniques
Regulatory Emphasis on Reducing Aerospace CO2 Emissions to Give Edge to Ultra-Lightweight Materials
ICAO Seeks to Reduce Aircraft Energy Intensity: Energy Intensity of International Aviation Industry (in MJ/RTK Equivalent) for 2010-2030
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