Aerospace materials are high performance alloys, which are made of aluminum, titanium, steel, and super-alloys. These materials should possess various properties including strength, heat resistance, and light weight. In addition, fatigue and corrosion resistance are must-have properties for these type materials. Aluminum is the most extensively used material during the early phase of aerospace manufacturing industry because of its exceptional light weight, inexpensive nature and state of the art. Mostly aircrafts are made from aluminum. Its ready availability made it appropriate everywhere from the engine components to fuselage.
As per study, “Global Titanium Alloys Aluminium Alloys Aerospace
Materials Market Status (2015-2019) and Forecast (2020-2024) by Region, Product
Type & End-Use” key companies operating in the global
titanium alloys aluminum alloys aerospace materials market include Toho
Titanium, Thyssenkrupp Aerospace, Materion, BaoTi, Kobe Steel, VSMPO-AVISMA,
among others. The leading companies have adopted different organic &
inorganic growth strategies including expansions, mergers & acquisitions
(M&A) and novel product developments to increase their market shares. By
type, titanium alloys aluminum alloys aerospace materials market is segregated
as technical Grade and industrial grade. In addition, by application, market is
segregated as military aircraft and commercial aircraft. Commercial aircraft
segment holds major share in global market owing to increase in air passenger
coupled with rise in demand for new aircraft.
Based on geography, the North-American region dominates the global titanium alloys aluminum alloys
aerospace materials market owing to increase in number of air travelers and
presence of key market players in the region. Additionally, the U.S. is a major
consumer of aerospace materials and demand for aerospace materials is estimated
to increase over the forecast period in the region. The Asian-Pacific and
European regions are likely to exhibit substantial growth rate due to rise in
the number of new manufacturing establishments and increase in foreign
investments over the forecast period. India and Japan are attracting various investors
to set up production facilities caused by ease of availability of raw materials
along with labor at a lower price. Increase in air traffic and growth in number
of low-cost carriers in the regions are projected to lead to an augmented
demand for new aircraft in the region over the forecast period. It is
anticipated that future of the global titanium alloys aluminum alloys aerospace
materials market will be optimistic on account of increase in passenger
transportation and surge in number of commercial aircraft orders &
deliveries during the forecast period.
For More Information, refer to
below link:-
Global
Titanium Alloys Aluminium Alloys Aerospace Materials Market
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