Global Aerospace Materials market will reach 12357.1 million US$ by the end of 2026

Publisher: QYResearch
Published Date: 2019/9/12

First, the aerospace materials market is unconcentrated.  For the past 20 years, aerospace materials has been a niche market, and advanced technology and sufficient raw material supply is vital in this industry. Consequently, only limited companies are able to produce aerospace materials in their own land. Regionally, North America is the biggest consumption region of aerospace materials, about 36.72% of the global aerospace materials consumption, and the market share of Europe is also considerable. Consumption in China is more separated, but in fast development.

Second, as a kind of advanced material, the production of aerospace materials highly relies on the downstream demand. Commercial Aircraft is the biggest market of aerospace materials, which takes more than 87.73% of total aerospace materials production in last year. Aluminium Alloys is the largest type of aerospace materials, accounting about 47.89% of global consumption in 2018.

Third, the global consumption of aerospace materials has reached 705.8 K MT in 2018, with annual increase more than 1.49% for the past 4 years. Comparatively, the development in China is little faster. The production structure in China is in low end industry compared with developed countries. It is estimated that the market in China would be promising due to rigid demand in local industry. Generally, Precision Castparts Corporation dominates the high end market of aerospace materials, with several competitive players like Alcoa, Rio Tinto Alcan, Kaiser Aluminum, Aleris, Rusal, ATI Metals,Toray Industries.

Fourth, the import and export percent of this industry is high. North America and Europe are the main regions that export aerospace materials, with China the main import region. Technology is a vital factor in aerospace materials industry. The import and export of aerospace materials is limited the numbers.

Fifth, the consumption of aerospace materials has been increasing with high speed in recent year. The main reason is weak demand of downstream market and fluctuation of raw materials like Nickel, Titanium and Cobalt. Also, fierce competitions exist in both high end markets and low end markets, which also influence the price trend of aerospace materials.

Sixth, the global aerospace materials industry would keep increasing with annual growth rate with 1.85%, and a little higher speed in APAC. We tend to believe this industry now is now in fast development, and the demand increasing degree will show a smooth curve.

Global Aerospace Materials market size will increase to 12357.1 million US$ by 2026, from 10338.4 million US$ in 2018, growing at a CAGR of 2.25% during 2019-2026.

Click to view the full report:
https://www.qyresearch.com/index/detail/719207/global-aerospace-materials-industry-research-report-growth-trends-and-competitive-analysis-2018-2025
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-86655165
Contact:press@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.