A New Study Sheds Light on What to Expect in the Global Aerospace Materials Market After the COVID Crisis
The global market for Aerospace Materials is projected to reach US$26.5 billion by 2025, driven by the growing value of advanced and sustainable materials for manufacturing aircraft in an era where strong engineering focus is shed on lightweight, fuel efficient and eco-friendly designs.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Aerospace Materials market. Report segmentation includes Type (Aluminum Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composite Materials, and Other Types); and Aircraft Type (Commercial Aircraft, Military Aircraft, Business & General Aviation, and Other Aircraft Types
7 June 5:52 A.M., California/Marketwire/ - According to the new market research report, the global market for Aerospace Materials is projected to reach US$26.5 billion by 2025, driven by the growing value of advanced and sustainable materials for manufacturing aircraft in an era where strong engineering focus is shed on lightweight, fuel efficient and eco-friendly designs. The global Aerospace Materials market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
As the aerospace industry gradually migrates towards a "cradle-to-beyond the grave" approach in the management of aircraft, sustainable materials will more than double in commercial value in the coming years. Commonly used aerospace materials include metal alloys and polymeric based materials developed and customized to aerospace needs for high fatigue loading resistance, performance, strength and heat resistance. Also, as the manufacturing industry adopts additive/3D manufacturing technologies, there is an urgent need for materials suitable for additive manufacturing platforms. Carbon nanotubes (CNT) and CNT enabled carbon fiber based materials are growing in popularity in aerospace applications. While continued innovation in materials remains a key driver of growth, the expansion in aircraft fleet in the long-term offers healthy production opportunity.
Key Competitors Covered in the Report
Constellium SE (Netherlands)
Kobe Steel Ltd.
Rio Tinto Group
Toray Industries Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 1969. Among this pool, 354 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 79 unique participations, a total of 36 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.