The latest report on the Global Aerospace Materials Market offers a holistic overview of the growth and other key aspects of the market across various segments and key regions. The report is a comprehensive guide to gain insightful information about market dynamics, current and emerging trends, product portfolio, growth prospects, competitive landscape, and consumer behavior. The report also offers insights to help readers formulate strategic investment and business expansion plans. The report bridges the data from 2017 to 2019 and offers estimations up to 2027.

Furthermore, the report is furnished with the latest changes in the market scenario and demand and supply ratios with regards to the currently unfolding COVID-19 pandemic. The research report offers an initial and future assessment of the impact of the COVID-19 pandemic on the industry and offers insights for the businesses to overcome the difficulties raised by the crisis.

Aerospace material market revenue growth is driven by increasing defense budget, which in turn would lead to purchase of new fighter and transport aircraft in the military and defense sector. It has been estimated that global military expenditure in 2020 was over USD 1980.0 billion, which was around 2.6% more than expenditure in 2019. Development of stealthier and more advanced fixed-wing aircraft is gaining attention of military organizations worldwide to enhance aerial capabilities. For example, between 2021 to 2026, Denmark is expected to purchase 27 F-35 aircraft, which is a multi-role fighter plane. Fighter planes offer close air support to defend land armies and also deters enemy air strike threats, while in naval warfare, these aircraft are beneficial in detecting and neutralizing warships and submarines to safeguard seacoasts.

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Some of the key and emerging players operating in the market are profiled in the report to offer a comprehensive overview of the competitive landscape. These players include Alcoa Corporation, Huntsman International LLC, DuPont, Constellium NV, Teijin Ltd., Kobe Steel Ltd., Solvay Ltd., Hexcel Corporation, SABIC, and Materion Corporation.The report further covers the strategic initiatives taken by the companies such as mergers and acquisitions, product launches and brand promotions, collaborations and joint ventures, agreements and partnerships, and government deals, among others. The strategic initiatives offer the companies a chance to expand their foothold in the industry and gain a significant global position.

Aerospace Materials Market Segmentation

Emergen Research has segmented the global aerospace materials market on the basis of material type, application, aircraft type, and region:

Material Type Outlook (Revenue, USD Billion; 2018–2028)

• Aluminum Alloys
• Titanium Alloys
• Steel Alloys
• Super Alloys
• Plastics
• Composites
• Others

Application Outlook (Revenue, USD Billion; 2018–2028)

• Structural Frame
• Cabin Interiors
• Propulsion System
• Others

Aircraft Type Outlook (Revenue, USD Billion; 2018–2028)

• Commercial Aircraft
• Military Aircraft
• Rotorcrafts
• General Business Aircraft
• Spacecraft

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Some Key Highlights from the Report

• In January 2021, Thyssenkrupp Aerospace signed into a three-year materials supply contract with South Korea’s, Korea Aerospace Industries (KAI). As per the agreement, Thyssenkrupp Aerospace will supply materials for military and civilian aircraft programs of KAI and manage supply chain.
• Among the material type segments, titanium segment revenue is expected to expand at a significantly rapid rate over forecast period. Titanium alloys find extensive application in highly-loaded airframe sections, high Mach speed aircraft skin, undercarriage parts, fuselage, landing gear, jet engines, and various other aircraft parts and components that require fracture toughness, high strength, and resistance to fatigue. Also, titanium alloys are ideal for reducing weight of aircraft, while delivering a high strength-to-weight ratio.
• Among the application segments, structural frame segment accounted for largest revenue share in 2020. Materials, such as aluminum are considered highly suitable for aircraft frame production, owing to lightweight and strength. Also, aerospace materials used in structural frames are lighter than steel and thus enable higher aircraft payload and improve fuel-efficiency. Also, aluminum is highly resistant to corrosion, thereby enhancing aircraft safety.

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The Global Aerospace Materials Market is projected to witness a significant increase in the revenue generation and is expected to register a CAGR of 6.3% in the forecast period of 2021-2028. The report further segments the Aerospace Materials industry into types of products offered by the market and application spectrum. Additionally, it offers an extensive regional analysis of the Aerospace Materials market with respect to production and consumption ratio, supply and demand, consumer behavior, import/export, market share, and market size, revenue contribution, and the analysis of key players operating in the industry. The regional analysis covers the following key geographies of the world:

• North America (U.S.A., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In conclusion, the report provides a qualitative and quantitative analysis of the Global Heavy EVs and Industrial Equipment Charging market market, including the global and regional analysis of the market. The study covers critical information and factual data about the Heavy EVs and Industrial Equipment Charging market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Heavy EVs and Industrial Equipment Charging market market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Heavy EVs and Industrial Equipment Charging market industry.

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