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Home>$25 Bn Aerospace Materials Market 2017 by Type, Aircraft Type and Region - Forecast to 2022 - Research and Markets

$25 Bn Aerospace Materials Market 2017 by Type, Aircraft Type and Region - Forecast to 2022 - Research and Markets

$25 Bn Aerospace Materials Market 2017 by Type, Aircraft Type and Region - Forecast to 2022 - Research and Markets

09/25/2017

$25 Bn Aerospace Materials Market 2017 by Type, Aircraft Type and Region - Forecast to 2022 - Research and Markets

The "Aerospace Materials Market by Type, Aircraft Type and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The global aerospace materials market is projected to reach USD 25.80 billion by 2022, at a CAGR of 6.9% from 2017 to 2022

The demand for next-generation, lightweight, and fuel-efficient aircraft is expected to be the major driver for the aerospace materials market in the near future. The global aerospace industry is experiencing an increase in the passenger air travel segment which is expected to boost aircraft production. This increase will directly influence the growth of the aerospace materials market globally. However, the decline in global defense expenditure and costly MRO services for advanced materials are identified as restraints for the growth of the aerospace materials market during the forecast period.

Asia-Pacific is projected to be the fastest-growing aerospace materials market, in terms of value and is expected to lead the aerospace materials market during the forecast period. Countries in this region such as China, Japan, and India are witnessing 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 labor at a lower price. The increasing air traffic and number of low-cost carriers in the region are expected to lead to an increased demand for new aircraft in the region during the forecast period. The aerospace materials market is served by various companies that are actively adopting various strategies such as new product development, acquisitions, and joint ventures & partnerships to increase their market shares.

Key Topics Covered:

1 Introduction

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