Dublin, March 31, 2020 (GLOBE NEWSWIRE) -- The "Aerospace Material - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.

The Global Aerospace Material market accounted for $18.89 billion in 2018 and is expected to reach $38.08 billion by 2027 growing at a CAGR of 8.1% during the forecast period.

Some of the key factors influencing market growth include an increase in demand for lightweight and fuel-efficient aircraft, the rise in spending power and air passenger traffic and the introduction of new domestic and international routes. However, a limited range of material options owing to complex requirements is restricting market growth.

Amongst type, composite materials are the most extensively used type segment of the aerospace materials after aluminium. The wide use of composites in aerospace materials offers several advantages over traditional materials, such as low weight, increased manufacturing productivity (processing speeds), lower VOC emissions, and better corrosion resistance, among others. Increasing applications in new generation aircraft and rising environmental concerns offer significant growth opportunities for composites in the aircraft manufacturing industry.

By Geography, Asia-Pacific is estimated to grow at a significant rate during the forecast period. Countries in this region, such as China, Japan, and India are witnessing a significant increase in the use of aerospace materials. This increase can be attributed to the growing aerospace industry, which is driving the demand for aerospace materials in the region. Japan and India are attracting investors to set up production facilities because of the ease of availability of raw materials and labour at a lower price. The increasing air traffic and a number of low-cost carriers in the region are expected to lead to an increase in the demand for new aircraft in the region.

Some of the key players in the global aerospace material market are 3M, Solvay Sa, BASF SE, SABIC, PPG Industries Inc., Toray Industries, Inc., AkzoNobel N.V., Teijin Limited, Alcoa Corporation, DuPont, Rochling, Arkema Group, Mitsubishi Chemical Holdings Corporation, Henkel AG & Co. KGaA, Huntsman International LLC, Hexcel Corporation, Koninklijke Ten Cate NV, Sumitomo Bakelite Co. Ltd., and Tata Advanced Materials Limited.

What the report offers:

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis3.1 Introduction3.2 Drivers3.3 Restraints3.4 Opportunities3.5 Threats3.6 Application Analysis3.7 End User Analysis3.8 Emerging Markets3.9 Futuristic Market Scenario

4 Porters Five Force Analysis4.1 Bargaining power of suppliers4.2 Bargaining power of buyers4.3 Threat of substitutes4.4 Threat of new entrants4.5 Competitive rivalry

5 Global Aerospace Material Market, By Aircraft Type5.1 Introduction5.2 Small Wide Body5.3 Single Aisle5.4 Medium Wide Body5.5 Regional Jets5.6 Large Wide Body

6 Global Aerospace Material Market, By Type6.1 Introduction6.2 Structural6.2.1 Composite Materials6.2.1.1 Resin6.2.1.1.1 Phenolic6.2.1.1.2 Thermoplastics6.2.1.1.3 Epoxy6.2.1.1.4 Polyimides6.2.1.1.5 Polyester6.2.1.2 Fiber6.2.1.2.1 Ceramic Matrix Composites (CMC)6.2.1.2.2 Metal Matrix Composites (MMC)6.2.1.2.3 Carbon Fibre Reinforced Plastics6.2.1.2.4 Aramid Fiber-Based6.2.1.2.5 Glass Fibre Reinforced Plastics6.2.2 Plastics6.2.2.1 Polymethyl Methacrylate (PMMA)6.2.2.2 Polyphenylene Sulfide (PPS)6.2.2.3 Acrylonitrile Butadiene Styrene (ABS)6.2.2.4 Polyether Ether Ketone (PEEK)6.2.2.5 Polycarbonates (PC)6.2.3 Metals6.2.3.1 Steel Alloys6.2.3.2 Titanium Alloys6.2.3.3 Aluminum Alloys6.2.3.4 Super Alloys6.3 Non-structural6.3.1 Foams6.3.1.1 Specialty Foams6.3.1.2 Polyurethane6.3.1.3 Polyethylene6.3.2 Coatings6.3.3 Adhesives6.3.3.1 Polyurethane6.3.3.2 Silicone

7 Global Aerospace Material Market, By Application7.1 Introduction7.2 Exterior7.2.1 Air Frame7.2.2 Windows & Windshield7.2.3 Propulsion System7.2.4 Tail & Fin7.3 Interior7.3.1 Interior Panels7.3.2 Passenger Seating7.3.3 Galley

8 Global Aerospace Material Market, By End User8.1 Introduction8.2 Business, General and Personal Aviation8.3 Military & Defence Aircraft8.4 Space Vehicles8.5 Rotorcraft8.6 Commercial Aircraft8.7 Helicopters8.7.1 Civil Helicopter8.7.2 Military Helicopter

9 Global Aerospace Material Market, By Geography9.1 Introduction9.2 North America9.2.1 US9.2.2 Canada9.2.3 Mexico9.3 Europe9.3.1 Germany9.3.2 UK9.3.3 Italy9.3.4 France9.3.5 Spain9.3.6 Rest of Europe9.4 Asia Pacific9.4.1 Japan9.4.2 China9.4.3 India9.4.4 Australia9.4.5 New Zealand9.4.6 South Korea9.4.7 Rest of Asia Pacific9.5 South America9.5.1 Argentina9.5.2 Brazil9.5.3 Chile9.5.4 Rest of South America9.6 Middle East & Africa9.6.1 Saudi Arabia9.6.2 UAE9.6.3 Qatar9.6.4 South Africa9.6.5 Rest of Middle East & Africa

10 Key Developments10.1 Agreements, Partnerships, Collaborations and Joint Ventures10.2 Acquisitions & Mergers10.3 New Product Launch10.4 Expansions10.5 Other Key Strategies

11 Company Profiling11.1 3M11.2 Solvay S.A.11.3 BASF SE11.4 SABIC11.5 PPG Industries Inc.11.6 Toray Industries, Inc.11.7 AkzoNobel N.V.11.8 Teijin Limited11.9 Alcoa Corporation11.10 DuPont11.11 Rochling11.12 Arkema Group11.13 Mitsubishi Chemical Holdings Corporation11.14 Henkel AG & Co. KGaA11.15 Huntsman International LLC11.16 Hexcel Corporation11.17 Koninklijke Ten Cate N.V.11.18 Sumitomo Bakelite Co. Ltd.11.19 Tata Advanced Materials Limited

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