Press release
Commercial Aircraft Airframe Materials Market Analysis, Trends, Growth, Research And Forecast 2032
Commercial Aircraft Airframe Materials Market
The Business Research Company's Commercial Aircraft Airframe Materials Global Market Report 2023 identifies increase in fleet size of commercial aircraft as the major driver for the commercial aircraft airframe aaterials market's growth in the forecast period. Commercial aircraft are those aircraft that are used to transport people and cargo between specific airports regularly. Increasing fleet size requires aircraft airframe materials to form the structure of an aircraft, thereby promoting the growth of commercial aircraft airframe materials.
The global commercial aircraft airframe materials market size grew from $5.77 billion in 2022 to $6.24 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commercial aircraft airframe materials market size is expected to grow to $8.42 billion in 2027 at a CAGR of 7.8%.
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Major competitors in the commercial aircraft airframe aaterials market are Solvay S.A., Constellium SE, Arconic Corporation, Toray Industries Inc., Teijin Limited, Southwest Aluminium, Hexcel Corporation, VSMPO-AVISMA Corporation, ATI Industrial Automation, HITCO Carbon Composites Inc., Kobe Steel Ltd.
A key trend in the commercial aircraft airframe aaterials market includes technological advancement. Major companies operating in the commercial aircraft airframe materials sector are focused on developing technologically advanced solutions to lead the market. For instance, in 2022, FACC, an Austria-based aerospace company, is building a high-tech plant near Zagreb, Croatia to produce lightweight components for commercial aircraft using the latest fiber-reinforced composite technology.
Read More On The Global Commercial Aircraft Airframe Materials Market Report Here:
https://www.thebusinessresearchcompany.com/report/commercial-aircraft-airframe-materials-global-market-report
The commercial aircraft airframe aaterials market is segmented -
• By Type: Aluminum Alloys, Titanium Alloys, Composites, Steel Alloys
• By Application: Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the commercial aircraft airframe aaterials market.
The Business Research Company's "Global Commercial Aircraft Airframe Materials Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Commercial Aircraft Airframe Materials Market Include:
1. Executive Summary
2. Commercial Aircraft Airframe Materials Market Characteristics
3. Commercial Aircraft Airframe Materials Market Trends And Strategies
4. Commercial Aircraft Airframe Materials Market - Macro Economic Scenario
5. Commercial Aircraft Airframe Materials Market Size And Growth
……
26. Africa Commercial Aircraft Airframe Materials Market
27. Commercial Aircraft Airframe Materials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commercial Aircraft Airframe Materials Market
29. Commercial Aircraft Airframe Materials Market Future Outlook and Potential Analysis
30. Appendix
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