Global Aircraft Airframe Materials Market Size to 2025 | Top Players: Solvay, Constellium, Arconic, Toray Industries, TEIJIN, Aleris, Hexcel, AVISMA Corporation, HITCO Carbon Composites, KOBE STEEL, Harris (Exelis).

Demand for new-generation aircraft fuels the Global Aircraft Airframe Materials Market:

The global aircraft airframe materials market is expected to cross USD XX billion by 2025, at a growing CAGR of approximately XX during the forecast period. The increasing demand for the manufacturing of next-generation aircraft is primarily driving the worldwide market. Air travel has become inexpensive in the recent days, which attracted more and more people towards it. The global tourism industry has witnessed tremendous growth with the rise in passenger travel that eventually attracted the aircraft manufacturers to invest more into expanding the existing features and facilities provided in the aircraft.

The market based on the aircraft type is divided into narrow-body aircraft, wide-body aircraft, and regional aircraft. Of which, narrow-body aircraft dominated the market with a share of approximately XX in 2018. The increasing air traffic has pushed original equipment manufacturers and suppliers in the aviation industry to enhance their abilities to meet the growing demand. The leading aviation companies are opening their facility centres in famous regions to increase the quantity of their production. The growing demand for weightless airframes has encouraged the market players to improve their product development through partnerships, joint ventures, collaborations and mutual agreements.

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There are several factors supporting the growth of global aircraft airframe materials market such as the increasing demand for advanced aircraft with fuel efficiency, technological advances in the aerospace industry, frequent number of air travel among the customers, increasing applications for the development of new-generation flights, growing concerns about nature and its resources, rising investments from the leading organizations and government supportive initiatives. On the contrary, the fluctuations in the raw material prices cam hamper the rapid expansion of the market to some extent.

Global Aircraft Airframe Materials Market Geographical Analysis:
Based on the geography, North America holds the dominant share of the global aircraft airframe materials market in terms of revenue. The market leadership of North America is expected to continue in the future owing to the availability of key players, increasing technological adoption in the aviation industry and growing investments in the region. The Asia Pacific region is also expected to witness higher CAGR in the forecast period due to the increasing air traffic and tourism industry of the region.

Global Aircraft Airframe Materials Market Leading Players:
Some of the leading contributors to the market are Solvay, Constellium, Arconic, Toray Industries, TEIJIN, Aleris, Hexcel, AVISMA Corporation, HITCO Carbon Composites, KOBE STEEL, Harris (Exelis), Southwest Aluminium, ATI, and Koninklijke Ten Cate.

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