Aerospace Tube Materials Market is Forecasted to Reach US$ 142.3 million in 2026, Says Stratview Research

The global aerospace tube materials market is projected to witness a growth rate of more than 6% annually from 2021 to 2026, with an anticipated size of US$ 142.3 million by 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aerospace tube materials market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/818/aerospace-tube-materials-market.html#form

Report Highlights:
Market Size in 2026: US$ 142.3 million
Growth (CAGR): >6% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Aerospace Tube Materials Market:
The global aerospace tube materials market is segmented based on platform type, material type, sales channel type, and region.

Based on platform type - The aerospace tube materials market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and spacecraft. Commercial aircraft is expected to remain the largest and the fastest-growing segment of the market during the forecast period. Increasing demand for lightweight yet durable materials in fabricating different components and parts; market entry of new players, such as COMAC and Irkut, ungrounding of B737 Max, and gradually recovering aircraft deliveries across regions are the key factors propelling the demand for tube materials in the commercial aircraft segment.

Based on the material type - the market is segmented as titanium & alloys, nickel & alloys, steel & alloys, and others. Steel & alloys are expected to remain the most dominant material type during the forecast period. The density of titanium is 40% lesser than that of steel- or nickel-based alloys, indicating a remarkable weight advantage for aerospace structures. It is a desirable material for high-performance metal tubes owing to their tensile strength (better than that of austenitic or ferritic stainless steels), stiffness, and toughness along with high melting point. Titanium & nickel alloys are slowly gaining traction in the market, owing to the set of advantages offered by them.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/818/aerospace-tube-materials-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for aerospace tube materials during the forecast period. This growth outlook is majorly attributed to the following-
- The USA is the growth engine of the region's market with the presence of major aircraft OEMs, tier players, tube suppliers, and raw material suppliers.
- Most of the tube material suppliers have a presence in the region to address the emergent needs of the OEMs as well as to be the partner for their upcoming aircraft programs.
- Asia-Pacific is likely to witness the fastest recovery during 2021-2026.
- The highest growth of the region is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous aircraft, C919.

Aerospace Tube Materials Market Drivers:

Some of the key drivers listed in the report are given below.
- Rising aircraft production, increasing demand for lightweight and high-strength materials, and growing adoption of fuel-efficient aircraft.
- Advancements in material science and the expanding space exploration sector further propel market growth.

Top Companies in the Aerospace Tube Materials Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• AMETEK, Inc.
• Plymouth Tube Co.
• Sandvik SE
• Carpenter Technology Corporation
• Special Metals Corporation
• VSMPO-AVISMA Corporation
• Villares Steel
• Kobe Steel Ltd.
• Allegheny Technologies, Inc.
• TIMET (Berkshire Hathaway Inc.).

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aerospace Tube Materials Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Aerospace Raw Materials Market: https://www.stratviewresearch.com/817/aerospace-raw-materials-market.html

• Aerospace Nickel Alloys Market: https://www.stratviewresearch.com/3947/aerospace-nickel-alloys-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.