Aerospace and defense materials are used by the aircraft OEMs and manufacturers for building various aircraft parts. Aerospace sector commonly used aluminum as materials which is lightweight and technically advanced in terms of forming and alloying, and aluminum is of low cost, when it is compared with other composites. The materials which are used for aerospace and defense sector have exceptional performance, strength or heat resistance. Other composites like composite materials, titanium alloys, super alloys, steel alloys and aluminum alloys which are also used for building aircrafts parts. These materials helps in reducing overall weight of the aircraft as well as increase the fuel efficiency of an aircraft. The various types of aerospace composites are: ceramic matrix composites (CMC), metal matrix composites (MMC), glass fiber reinforced plastics, aramid fiber composites and carbon fiber reinforced plastics.
Aerospace and Defense Materials Market: Key Players
The research study includes profiles of leading companies operating in the global aerospace and defense materials market. Key players profiled in the report include: Toray Industries, Inc., Du Pont, Constellium N.V., Alcoa Corporation, Teijin Limited, Kobe Steel, Cytec Solvay Group, ATI Metals, WS Atkins Plc., Sabic Innovative Plastics and Arconic.
Drivers for the Global Aerospace and Defense Materials Market:
Increase in the replacement of the aging aircraft that have led to increase in new aircraft manufacturing is considered as one the major factor that is driving the growth of the global aerospace and defense materials market. Along with this, advanced technology, high strength and lightweight fiber-reinforced composites is gaining importance in aircraft manufacturing and also boosting the growth of the global aerospace and defense materials market.
Opportunities for the Global Aerospace and Defense Materials Market:
The commercial and cargo fleets surge in passenger and freight traffic which will indirectly increase in aircraft production, whereas considered as one of the major factor that will enhance the growth of the global aerospace and defense materials market in the forecast period. Along with this, demand for innovative fighter planes and military aircraft is rising which will also drive the growth of the global aerospace and defense materials market during the forecast period. Additionally, the demand for lightweight materials is increasing that helps to improve the cost-efficiency and environmental performance of aircraft is another factor which anticipates the market growth in the future.
Restrains for the Global Aerospace and Defense Materials Market:
High cost associated with the aerospace materials for manufacturing the aircraft parts is considered as one of the major factor that is hampering the growth of the global aerospace and defense materials market. Along with this, low ductility of the materials as the strength increases is another factor that is hindering the growth of the global aerospace and defense materials market. Additionally, challenges in component processing also restrains the market growth.
Region Wise, Global Aerospace and Defense Materials Market Analysis:
On the basis of region, the AIOps market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America held the largest share in the market because of increase in demand for airframe and other aircraft parts, rise in defense spending, rise in terrorist threats and growing passenger traffic. European countries is also having maximum share in the global aerospace and defense materials market followed by Asia Pacific region.
Global Aerospace and Defense Materials Market: Product analysis
- Aluminum
- Composites
Global Aerospace and Defense Materials Market: Application analysis
- Aerostructure
- Components
Global Aerospace and Defense Materials Aerospace and Defense Materials Market: Region analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- ASEAN
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest of L.A.
- Middle East and Africa
- Turkey
- GCC
- UAE
- South Africa
- Rest of Middle East
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