“Data Bridge Market Research” recently published a market study on the Aerospace Materials Market. The study provides detailed assessment on key market dynamics, including the drivers, trends, opportunities & restraints, and detailed information about the market structure. Aerospace Materials Market study presents exclusive information about how the market will grow during the forecast period.
Global aerospace materials market is registering a steady CAGR of 7.30% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017
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Market Definition: Global Aerospace Materials Market
Aerospace materials are usually metal alloys which have acquired popularity for the aerospace sector or have been created. These materials should have strength, thermal resistance, and light weight characteristics. In addition, strength to prevent corrosion and fatigue resistance is the characteristics that these materials must have.
Top Competitors of Market
Few of the major competitors currently working in the global aerospace materials market are Alcoa Corporation, Aleris Corporation, AMG Advanced Metallurgical Group, AMI Metals, Air Transport International, Inc., Avdel, Constellium, Solvay, DOW, Hexcel Corporation, Hindalco - Almex Aerospace Limited, Kaiser Aluminum, KOBE STEEL, LTD, Koninklijke Ten Cate bv., Lee Aerospace, Materion Corporation, PARK AEROSPACE CORP, Renegade Materials Corporation, SGL Carbon, TATA Advanced Materials Limited., Sofitec Aero, S.L.
Global aerospace materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aerospace materials market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa
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Key Developments in the Market:
- In August 2019, AZoNetwork launched a new generation technology Greene Tweed’s Fusion FKM 665. It has an ultra-low temperature and is chemical resistant elastomer. It was manufactured to meet the demands of Aerospace Material Specification (AMS) 7379 and AMS-P-83461. It low temperature does not compromise with the high performance of aircraft. This launch had expanded the product portfolio of the company.
- In May 2019, Markforged, had launched Onyx FR, a new, V-0 rated flame-retardant material. It is manufactured to meet the demand for flame retardant material from aerospace industry. It has a self-extinguishing technology as compared to traditional technology with high quality surface finish and superior strength. This launch had expanded the product portfolio of the company as expanded its market share in the aerospace market.
Some of the key questions answered in this report:
- Detailed Overview of aerospace materials market helps deliver clients and businesses making strategies.
- Influential factors that are thriving demand and constraints in the market.
- What is the market concentration? Is it fragmented or highly concentrated?
- What trends, challenges and barriers will impact the development and sizing of aerospace materials market?
- SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
- What growth momentum or acceleration market carries during the forecast period?
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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