New Jersey, NJ -- (SBWIRE) -- 02/06/2019 -- Global Aerospace Materials Market Study" explored substantial growth in North America and CAGR of 6.54%. According the report, Growing Passenger Transportation in the Developing Nations is one of the primary growth factors for the market. Increasing Dependency on More Efficient As Well As Lightweight Aircraft is also expected to contribute significantly to the Aerospace Materials market. Overall, Aerostructure applications of Aerospace Materials, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Aircraft Type, such as Military Aircraft, is boosting the Aerospace Materials market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market. The Component, such as Interior Parts, is boosting the Aerospace Materials market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
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Some of the key players profiled in the study are Toray Industries, Inc. (Japan) , Cytec Solvay group (Belgium) , Alcoa Corporation (United States) , Du Pont (United States) , Teijin Ltd. (Japan) , Kobe Steel Ltd (Japan) , Constellium N.V. (Netherlands) , ATI Metals (United States) , 3M (United States) and Henkel AG & Co. KGaA (Germany).
Market Trend
- Growing Passenger Transportation in the Developing Nations
- Rising Demand Due To the High Thrust-To-Weight Ratio in Aircraft Engines
Market Drivers
- Increasing Dependency on More Efficient As Well As Lightweight Aircraft
- High Demand of Aircraft in Military Industry
Challenges
- Strengthen Government Regulations
Opportunities
- Upsurging Demand of Commercial Aircraft
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Major Market Developments:
On 17th July 2018, Toray Industries, Inc. A global leading supplier of carbon fiber, as well as composite, has acquired Koninklijke Ten Cate B.V., a leading carbon-fiber composite material manufacturer. The deal was established for 930 million dollars.
On 8th January 2018, Solvay the global leading chemical provider has signed an agreement with Boeing. The deal was established for the supply of advanced composites and adhesives in support of the 777X airplane production.
Target Audience:
Aerospace Materials Manufacturers , Aerospace Materials Traders, Distributors, and Suppliers , Government and Research Organizations , Associations and Industrial Bodies , Research and Consulting Firms , R&D Institutions , Environment Support Agencies and Others
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The following are the major objectives of the study
- To define, describe, and forecast the Global Aerospace Materials market on the basis of product [Aluminium Alloys , Steel Alloys , Titanium Alloys , Super Alloys , Composite Materials and Other] , application [Aerostructure , Components , Cabin Interiors , Propulsion System , Equipment, System, & Support , Satellites and Construction & Insulation Components], key regions and end user
- To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
- To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
- Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
- To provide market size for various segments of the Aerospace Materials market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico)
- To strategically profile the key players and analyzing their market shares and core competencies in the Aerospace Materials industry
- To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
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The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Aerospace Materials market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders' insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Aerospace Materials market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research.
o The industry's supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Table Of Content
1. Market Overview
1.1. Introduction
1.2. Scope/Objective of the Study
1.2.1. Research Objective
2. Executive Summary
2.1. Introduction
3. Market Dynamics
5. Global Aerospace Materials, by Type, Application, Building Type and Region (value and price ) (2013-2018)
6. Aerospace Materials: Manufacturers/Players Analysis
7. Global Aerospace Materials Sale, by Type, Application, Building Type and Region (value and price ) (2020-2025)
8. Appendix
9. Methodology and Data Source
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