Aerospace Materials Market 2017 - Global Forecast to 2022: Increasing Demand for Lightweight and More Efficient Aircraft

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20 Sep, 2017, 11:30 GMT

DUBLIN, September 20, 2017 /PRNewswire/ --

The "Aerospace Materials Market by Type, Aircraft Type and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The global aerospace materials market is projected to reach USD 25.80 Billion by 2022, at a CAGR of 6.9% from 2017 to 2022. Increased passenger transportation is projected to enhance the aircraft production industry, which will further drive the demand for aerospace materials.

North America dominated the aerospace materials market in 2016 and is expected to continue its dominance during the forecast period. The U.S. is the major consumer of aerospace materials and the demand for aerospace materials is expected to increase during the forecast period in North America. The high demand for aerospace materials is primarily due to the presence of top aircraft manufacturers such as Boeing, Lockheed Martin, and others in the region.

Though the aerospace materials market is growing at a significant rate, few factors hinder the growth of the market globally. The global defense expenditure is declining due to defense budget reductions by key defense spending nations. The declaration of the reduction in the defense spending till 2022 by the U.S. government has impacted the global defense equipment manufacturer's market; especially the military aircraft manufactures market, which will further impact the aerospace materials market.

Companies such as Toray Industries, Inc. (Japan), Alcoa Corporation (U.S.), Cytec Solvay Group (Belgium), Du Pont (U.S.), Teijin Limited (Japan), ATI Metals (U.S.), and Constellium N.V. (Netherlands) are the leading players in the aerospace materials market. These companies have adopted various organic and inorganic growth strategies such as expansions, mergers & acquisitions, and new product developments to enhance their market shares.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Aerospace Materials Market, By Type

7 Aerospace Materials Market, By Aircraft Type

8 Aerospace Materials Market, By Region

9 Dive, Aerospace Materials Market

10 Company Profiles

  • AMG N.V
  • AMI Metals, Inc.
  • ATI Metals.
  • Alcoa Corporation.
  • Aleris
  • Avdel Private Limited
  • Constellium N.V
  • Cytec Solvay Group.
  • Du Pont
  • Hexcel Corporation
  • Hindalco-Almex Aerospace Limited
  • Kaiser Aluminum
  • Kobe Steel Limited
  • Koninklijke Ten Cate NV
  • LEE Aerospace Inc.
  • Materion Corporation
  • Park Electrochemical Corporation.
  • Renegade Materials Corporation
  • SGL Group
  • Sofitec
  • Tata Advanced Materials Limited
  • Teijin Limited
  • Thyssenkrupp Aerospace
  • Toray Industries, Inc.
  • Vsmpo-Avisma Corporation

For more information about this report visit https://www.researchandmarkets.com/research/9ws4ww/aerospace

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