Aerospace Materials Market Size to Fly High as Demand Continues to Increase

The global aerospace materials industry generated $3.95 billion in 2018 and is projected to reach $6.51 billion by 2026, growing at a compound annual growth rate (CAGR) of 6.5% from 2019 to 2026. This growth is driven by factors such as increased demand for lightweight and fuel-efficient aircraft, rising air passenger traffic in emerging regions like Asia-Pacific, and a surge in demand for new aircraft. However, the limited availability of options for designing complex structures can impede market growth. On the other hand, the increasing demand for commercial aircraft in emerging countries, which leads to higher aircraft production, presents lucrative opportunities in the market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/6276

Market Segmentation

By Type:

- Composites: This segment contributed more than three-fourths of the total revenue in 2018 and is expected to maintain its lead throughout the forecast period, registering the fastest CAGR of 6.9%.
- Metals
- Plastics

By Type of Aircraft:

- Commercial: Held the largest market share in 2018, accounting for more than half of the total market share, and will continue to dominate during the forecast period.
Military

Rotorcraft
- Space: Estimated to grow at the highest CAGR of 8.2% from 2019 to 2026.

By Region:

North America

- Europe: Accounted for the highest revenue share in 2018 (over one-third of the global market) and is expected to grow at the fastest CAGR of 7.1%.
- Asia-Pacific
- LAMEA

Key Market Players

- DuPont
- Mitsubishi Chemical Holdings Corporation
- Sumitomo Bakelite Co. Ltd
- Toray Industries Inc.
- PPG Industries Inc.
- Solvay
- SABIC
- Hexcel Corporation
- SGL Carbon
- Röchling

The report provides a comprehensive analysis of drivers and opportunities, changing market trends, competitive landscape, key segments, and market size and estimations.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/aerospace-materials-market

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