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Aerospace Lightweight Materials Market

Market Insights on Aerospace Lightweight Materials covering sales outlook, demand forecast & up-to-date key trends

Aerospace Lightweight Materials Market: Global Industry Analysis and Opportunity Assessment 2016-2026

Aerospace Lightweight Materials Market Overview

In aerospace industry, development of new materials with reduced weight, improved application specific performance and reduced cost has a significant importance. Increasing demand for these characteristics are expected to have a positive impact the global aerospace lightweight materials market.

A one-piece design reduces the number of components in overall assemblies, which ultimately reduces the material costs and the total number of components. However, the setup, work holding and surface finish is still difficult to achieve. Designers, engineers, machinists and machine or cutting tool partners are continuously developing new solutions to achieve this target. The mix of materials in aerospace industry is expected to continually change in coming years with new technologies in composites and metals.

Aluminum alloys are used for moderate temperature range applications where titanium alloys are used for temperature range up to 500 to 5500 C or may push another 2000 C. Fiber reinforcements are mostly used where high stiffness and wear resistance are required. Super alloys have the ability to withstand temperatures more than 10000 C. Basically, these materials act as an integral part of the complex aerospace systems.The global aerospace lightweight materials market is expected to increase at a significant rate in terms of value over the forecast period.

Global Aerospace Lightweight Materials Market: Dynamics

The global aerospace lightweight materials market is expected to increase at a significant pace due to increasing demand for properties such as high fuel efficiency and high temperature resistance. Moreover, the global aerospace lightweight materials market is anticipated to increase due to the implementation of stringent regulations over carbon emissions across the globe. Easy machining, high strength, low density and high thrust-to-weight ratio in aircraft engines is expected to drive the demand for titanium aluminide (TiAl) and aluminum lithium (Al-Li) over the forecast period.

Among all the material types, titanium has relatively high cost, which is expected to be a major reason to hamper the growth of titanium segment over the forecast period.

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Global Aerospace Lightweight Materials Market: Region-wise Outlook

North America and Europe are expected to collectively account for major share in the global aerospace lightweight materials market throughout the forecast period. The U.S. is expected to be one of the major consumers of aerospace lightweight materials. High demand for aircrafts from the emerging regions like Asia-Pacific and Latin America are expected to augment the demand for aerospace lightweight materials, thus driving the global aerospace lightweight materials market. In the near future, Asia-Pacific is anticipated to witness high demand for aerospace lightweight materials due to increasing number of aircrafts.  

Global Aerospace Lightweight Materials Market: Key Players

Some of the key players identified in the global aerospace lightweight materials market are BASF SE, ASM International, Alcoa Inc., Du Pont, Teijin Limited, Cytec Industries Inc., Toray Industries Inc., ATI Metals.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Aerospace Lightweight Materials Market: Segmentation

The global aerospace lightweight materials market is segmented on the basis of component type, material type, application and key regions.

On the basis of material type, the global aerospace lightweight materials market is segmented into

  • aluminum alloys
  • titanium alloys
  • stainless steel
  • nickel alloys

On the basis of component type, the global aerospace lightweight materials market is classified into

  • interior parts
  • exterior parts

On the basis of application, the global aerospace lightweight materials market are segmented as

  • business aircraft
  • commercial aircraft
  • missiles and munitions
  • engines
  • military fixed wing
  • general aviation
  • others

On the basis of geography, the global aerospace lightweight materials market is segmented into

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Aerospace Lightweight Materials Market