Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Aerospace Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 20

Author: Shreyash Girdhar
by Shreyash Girdhar
Posted: Nov 29, 2018

Aerospace materials are generally metal alloys that have either gained prominence or have been developed for the aerospace industry. These materials should possess properties such as heat resistance, strength, and light weight. Furthermore, fatigue resistance and corrosion resistance are the must-have properties for these materials. Aluminum was the most widely used material during the early phase of the aerospace manufacturing industry due to its exceptional light weight, state of the art, and inexpensive nature. As much as 70% of the aircraft was made from aluminum. Its ready availability made it applicable everywhere from engine components to fuselage. Extensive research & development made opportunities for other alloys and composites that can be used as aerospace materials and are more efficient than aluminum. Other composites and alloys include graphite, titanium, fiberglass, honeycomb materials, and carbon fiber reinforced polymers.

In terms of material type, the market for aerospace materials can be segmented into steel, aluminum, titanium, super, composites, and others. In terms of aircraft type, the market for aerospace materials can be segregated into helicopters, commercial aircrafts, business & general aviation, military aircrafts, and others.

Read Report Overview @ https://www.transparencymarketresearch.com/aerospace-materials-market.html

The market for aerospace materials is anticipated to witness robust expansion due to the increment in passenger transportation. Increased passenger transport is estimated to boost the demand for aircraft. This, in turn, is projected to inadvertently augment the expansion of the aerospace materials market during the forecast period. In terms of material type, aluminum alloys segment held a prominent share of the market in 2016.

Request Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=25811

The segment is projected to witness robust expansion in the near future due to its exceptional fatigue resistance and strength. However, the evolution of composite materials and their increasing demand can act as a restraint for the expansion of the aluminum alloys segment of aerospace materials in the near future. In terms of aircraft type, the commercial aircraft segment held a significant share of the market in 2016. Increase in passenger transport is a key factor boosting the expansion of the commercial aircraft segment. Increasing air traffic is fueling the demand for commercial aircraft, which in turn is likely to propel the expansion of the aerospace materials market during the forecast period.

In terms of geography, North America held a significant share of the aerospace materials market in 2016 and is anticipated to expand considerably in the near future. The market for aerospace materials is anticipated to expand in the region due to the significant investment in research & development by governments in the aerospace sector. Presence of key aircraft manufacturers such as Lockheed Martin, Boeing, and others is a major factor that can propel the expansion of the market in North America in the near future. North America is followed by Asia Pacific in terms of share of the aerospace material market in 2016.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr.Sudip S

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

About the Author

But when people list out all their accomplishments in their bios, they risk sounding a little egotistical. Sure, you might impress a handful of people with all those laurels, but many people who read your bio will end up feeling eit

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Comment 
Pictures
Author: Shreyash Girdhar

Shreyash Girdhar

Member since: Oct 30, 2018
Published articles: 777

Related Articles