Aerospace And Defense Materials Market Trends Analysis, Growth, Company Analysis and Forecast 2020-2027

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The global Aerospace And Defense Materials market size was valued at US$ 20.70 billion in 2019 and is anticipated to grow at a CAGR of 4.01% during forecast period 2020 to 2027.

Growth Factors

The rise in the replacement of aging aircraft has led to a boost in new aircraft manufacturing, which in turn is expected to drive the growth of the market. The market is expected to witness increasing demand for lightweight materials in an attempt to improve the cost-efficiency and environmental performance of aircraft. Hence, high strength, lightweight fiber-reinforced composites are gaining prominence in aircraft manufacturing, to increase fuel efficiency, decrease emissions, and reduce material usage, thereby allowing installation of new functions.

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U.S. is expected to dominate the market for aerospace & defense materials, owing to the presence of establish aircraft manufacturers, such as Boeing, United Technologies, and Lockheed Martin in the region. Technological ability to produce high-quality products is primarily expected to drive growth over the forecast period.

Report Highlights

Aluminum accounted for 46.5% of the aerospace and defense materials market in terms of volume, owing to rising preference for aluminum alloys. The material is preferably used in production of aerostructure components on account of its exceptional properties including heat and corrosion resistance. Growing use of aluminum in internal fittings of aircraft to reduce weight and fuel consumption is anticipated to aid the demand.

Titanium is expected to exhibit the fastest CAGR of 4.7% in terms of revenue, over the forecast period, owing to the exceptional compatibility of the product with composites. Its lightweight, high strength, and excellent corrosion resistance properties are expected to aid the demand for manufacturing of critical aircraft components.

Aerostructure is expected to exhibit the fastest revenue-based CAGR of 4.6% from 2020 to 2027, on account of burgeoning use of composites including CFRP and honeycomb materials in non-critical structural components. Aluminum and composites are widely use in the structure owing to its lightweight characteristics as well improved rigidity.

Satellite manufacturing consumes bulk quantities of aluminum and aluminum alloys that offer high strength and are lightweight. Satellite structure is expected to withstand the harsh environment, which ensures the material in space remains stiff, owing to which aramid fiber composites are exclusively used for the structure. Aramid fiber composites are also used for the protection of satellites from orbital debris.

Tremendous growth in commercial passenger and freight traffic, coupled with improved trade relations worldwide, leading to high demand for cargo services is expected to drive the demand for aerospace & defense materials for commercial aircraft. The segment accounted for 54.6% of revenue share in 2019.

The aerospace and defense industry in Europe is expected to expand at a CAGR of 2.8% in terms of volume, rise in defense spending by the NATO countries. Rise in terrorist threats is also expected to drive the market. Growing passenger traffic, coupled with declining airfares is expected to further aid the Maintenance, Repair and Overhaul (MRO) activities, in turn benefitting the market.

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Key Players

  • Teijin Ltd. (Renegade Materials Corp.) (Japan)
  • Koninklijke Ten Cate BV (Netherlands)
  • AMI Metals Inc. (US)
  • Hexcel Corporation (US)
  • Huntsman (US)
  • Arconic Inc. (US)
  • Sofitec (Spain)
  • TATA Advanced Materials Limited. (India)
  • Materion Corp. (US)
  • Evonik Industries (Germany)
  • Toray Composite Materials America, Inc. (US)

Market Segmentation

  • Product Outlook 
    • Aluminum
    • Titanium
    • Composites
    • Superalloys
    • Steel
    • Plastics
    • Others
  • Application Outlook 
    • Aero structure
    • Components
    • Cabin Interiors
    • Propulsion System
    • Equipment, System & Support
    • Satellites
    • Construction & Insulation Components
  • End-use Outlook 
    • Commercial
    • Business & General Aviation
    • Military
    • Others
  • Regional Outlook 
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • The U.K.
      • France
      • Italy
      • Czech Republic
    • Asia Pacific
      • China
      • Japan
      • Australia
    • Rest of the World
      • Brazil
      • South Africa

The Aerospace And Defense Materials market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Aerospace And Defense Materials market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Aerospace And Defense Materials market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Aerospace And Defense Materials market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Aerospace And Defense Materials market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Aerospace And Defense Materials capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Aerospace And Defense Materials by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Aerospace And Defense Materials market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Aerospace And Defense Materials market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Aerospace And Defense Materials market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Aerospace And Defense Materials industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Aerospace And Defense Materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Aerospace And Defense Materials market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Aerospace And Defense Materials market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Aerospace And Defense Materials market. These factors have benefited the growth of the global market for Aerospace And Defense Materials. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Aerospace And Defense Materials. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Aerospace And Defense Materials are as follows:

  • Historic Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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