DUBLIN, May 26, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/lbqjmb/aerospace) has announced the addition of the "Aerospace Materials Market by Type, by Aircraft Type - Global Trends and Forecast to 2019" report to their offering.
Global aerospace materials market is projected to register a CAGR of more than 6.6% between 2014 and 2019 to reach $18.5 billion in terms of value.
Aerospace materials are used for building various parts of the aircrafts. Various materials such as aluminum alloys, steel alloys, titanium alloy, super alloys and composite materials are used for building aircrafts. Aluminum alloys accounts for nearly 50.0% of the market in terms of the volume, however it represents only around 25.0% of the market in terms of the value. Demand for aluminum alloys is expected to remain flat between 2014 and 2019, but increasing usage of the composite materials and titanium alloys in the new generation of the aircrafts is expected to surge the demand for these materials in the near future.
Major advantage of using composite materials and titanium alloys is the light weight of these materials and comparative strength of these materials to the traditionally used metals such as aluminum and steel alloys. Composites enable aerospace manufacturers to produce structural components to substitute conventional metal solutions. Shorter cycles for the manufacture of components, corrosion resistance and superior performance at elevated temperatures are some of the major advantages offered by these new aerospace materials.
In aerospace materials market, large numbers of the raw material suppliers are active in the market. The degree of forward integration is also low. However, presence of patented technology with some major suppliers required in specific aerospace application boosts ups the bargaining power of supplier.
Asia-Pacific is projected to witness high growth rate during the forecast period (2014-2019). The aerospace materials market in Europe and North America is consolidated, whereas the market in Asia-Pacific has a fragmented structure, where China and Japan alone has around number of aerospace material suppliers, these numbers are expected to increase due to the large number of mergers and acquisition and expansion by some major players taking place in the region, rivalry in the aerospace industry is expected to reduce during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aerospace Materials Market, By Type
8 Aerospace Materials Market By Aircraft Type
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
- AMG N.V.
- ATI Metals
- Alcoa Inc.
- Aleris International, Inc
- Constellium N.V.
- Cytec Industries Inc.
- E. I. Du Pont De Nemours
- Kobe Steel Limited
- Teijin Limited
- Toray Industries
For more information visit http://www.researchandmarkets.com/research/lbqjmb/aerospace
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets