Aircraft Metals Market 2020: In-Depth Industry Size, Analysis & Forecast To 2028 | SGL Group, Aleris, Cytec Solvay Group

A recent report published by QMI on aircraft metals market is a detailed assessment of the most important market dynamics. After carrying out thorough research of aircraft metals market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for aircraft metals during the forecast period. It can enable manufacturers of aircraft metals to change their production and marketing strategies in order to envisage maximum growth.

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According to the report, increasing demand for commercial and lightweight aircraft is expected to drive the growth of the aircraft metals market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Different types of materials are used for the purpose of building aircraft. Nowadays, aluminum is used to build an aircraft, as aluminum is strong and lightweight. Some other metals used for the same purpose are steel and titanium. Since steel is heavy however, it is seldom used. Titanium is practically as strong as steel but lighter.

Due to their increasing demand from aircraft manufacturing companies, the aluminum alloy type segment is expected to lead the aircraft metals market. The segment of nickel alloys type is also expected to witness demand due to its ability to resist corrosion and high temperatures, making it a suitable material to be used in an aircraft's turbine production which is exposed to high heat. The commercial aircraft type segment is expected to witness the highest demand due to factors, such as a rise in air travel due to the increasing disposable income of travelers in developing regions.

Important Factors Impacting Market Growth:

o Rising demand for efficient and lightweight aircraft
o Growing demand for commercial aircraft
o The high cost of maintenance

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Insights about regional distribution of market:

The aircraft metals market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for the aircraft metals market during the forecast period. Major countries in these regions include the US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. The Asia Pacific is estimated to be the fastest-growing region with increasing expenditure on defense and space research. With the presence of some of the fastest-growing economies including India and China, this region is projected to be a major market for aircraft metals during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for the aircraft metals market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for aircraft metals with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: Toray Industries, Inc., Aleris, Constellium N.V, Teijin Limited, Du Pont, Cytec Solvay Group, Alcoa Corporation., ATI Metals, Kobe Steel Limited, AMG N.V, SGL Group, and AMI Metals Inc.

Market Segmentation:

By Type:

Aluminum Alloys
Steel Alloys
Titanium Alloys
Super Alloys
Nickel Alloys
Composite Materials
Others

By Aircraft Type:

Military
Commercial
Helicopters
Business & General Aviation
Others

By Region:

North America
By Country (US, Canada, Mexico)
By Type
By Aircraft Type
Western Europe:
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By Aircraft Type
Eastern Europe:
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By Aircraft Type
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By Aircraft Type
Middle East:
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Type
By Aircraft Type
Rest of the World
By Region (South America, Africa, Rest of the World)
By Type
By Aircraft Type

�Reasons to Buy This Report:

Market size estimation of the global aircraft metals market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country

Contact:
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This release was published on openPR.