The aerospace materials market is set to grow at a 6.5% CAGR, reaching $6.51 billion by 2026, with Asia-Pacific regions showing robust growth.
According to the report, the global aerospace materials industry harvested $3.95 billion in 2018, and is projected to reach $6.51 billion by 2026, growing at a CAGR of 6.5% from 2019 to 2026. The report provides an extensive analysis of drivers & opportunities, changing market trends, competitive landscape, key segments, and market size & estimations.
Increase in demand for lightweight and fuel-efficient aircrafts, rise in air passenger traffic in emerging regions such as Asia-Pacific, and surge in demand for new aircraft propel the growth of the global aerospace materials market. Whereas, limited availability of options to design complex structures impedes the market growth. On the other hand, rise in demand for commercial aircraft in emerging countries that leads to increased production of aircrafts provide lucrative opportunities in the market.
Request Report Sample at: https://www.alliedmarketresearch.com/request-sample/6276
The aerospace materials market is segmented into type, application, type of aircraft, and region. Based on type, the market is categorized into composites, metals, and plastics. The composites segment contributed to more than three-fourths of the total share in terms of revenue of the global aerospace materials market in 2018, and is estimated to continue its lead position throughout the forecast period. Moreover, this segment is estimated to register the fastest CAGR of 6.9% from 2019 to 2026.
Based on type of aircraft, the market is segregated into commercial, military, rotorcraft, and space. The commercial segment held the largest market share of the global aerospace materials market, accounting for more than half of the total market share in 2018, and will maintain its leadership status during the forecast period. However, the space segment is estimated to grow at the highest CAGR of 8.2% from 2019 to 2026.
Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The region across Europe accounted for the highest share in terms of revenue, contributing to more than one-third of the global aerospace materials market in 2018, and is expected to maintain its dominant position by 2026. Moreover, this region is estimated to grow at the fastest CAGR of 7.1% from 2019 to 2026.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6276
The global aerospace materials market report includes an in-depth analysis of the major market players such as DuPont, Mitsubishi Chemical Holdings Corporation, Sumitomo Bakelite Co. Ltd, Toray Industries Inc., PPG Industries Inc., Solvay, SABIC, Hexcel Corporation, SGL Carbon, and Röchling.
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com | Web: https://www.alliedmarketresearch.com | Follow us on LinkedIn and Twitter
The article discusses the growth and trends in the aerospace materials market, focusing on regions like Asia-Pacific.
Increased demand for lightweight, fuel-efficient aircraft and rising air passenger traffic drive market growth.
Europe leads in revenue, while Asia-Pacific shows significant growth potential.
Explore more articles in the Research Reports category
