Global Aerospace Raw Materials Market Forecast:
The global Aerospace Raw Materials Market is estimated at US$ 15.0 billion in 2019 and is likely to experience a healthy CAGR of 4.6% during the forecast period (2020-2025) to reach the value of US$ 19.8 billion in 2025. The market would see an expansion due to the increased use of commercial aircraft in the sector. The growth of the market is influenced by a number of factors that have a direct or indirect effect on demand.
The report is created using a few approaches that aid in analysing the company’s strengths, overcoming weaknesses, and using opportunities to sort out the pitfalls of the market.
Some existing key-players in the market are:
- VSMPO-AVISMA Corporation
- Allegheny Technologies, Inc.
- TIMET (Berkshire Hathaway Inc.)
- Alcoa Corporation
- Kaiser Aluminum
- Constellium SE
- Hexcel Corporation
- Solvay S.A.
- Toray Industries, Inc.
- Carpenter Technology Corporation.
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Aerospace Raw Materials Market Segment Analysis:
Stratview Research’s proposed market report on Aerospace Raw Materials Market contains the segment-wise current market condition. Also, it offers an estimation of future growth opportunities.
As per the report, the market is segmented by:
- By Platform Type(Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, and Spacecraft),
- By Material Type(Titanium & Alloys, Aluminum & Alloys, Steel & Alloys, Composites, and Others),
- By Form Type[Titanium & Alloys (Plate, Billet, and Others), Aluminum & Alloys (Extruded Products, Sheet & Plate, Cast Products, and Others), Steel & Alloys (Long Products and Flat Products), and Composites (Prepreg, Compounds, and Others)],
- By Sales Channel Type(Direct Sales and Distributor Sales),
- By Region(North America, Europe, Asia-Pacific, and Rest of the World).
While the majority of organisations had to face losses due to the pandemic, there are a few that have remained stable during this period and are projected to expand gradually in the future. The study on Aerospace Raw Materials Market by Stratview Research provides a sneak peek into its business success in 2020, as well as how it will perform in and after 2021. The Commercial aircraft sector, according to the study, shows healthy growth when the market settles after the pandemic.
Sneak peek into the Report:
This report discusses about the various challenges, segments, and growth in the Aerospace Raw Materials Market. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions.
The report also benchmarks the major parameters like –
- Industry Outlook
• Market Segmentation & Value Chain Analysis
• Industry Dynamics
• Key Opportunities
• Application Outlook
• Technology Outlook
• Regional Outlook
• Country-level Analysis
• Competitive Landscape
• Company Market Share Analysis
• Key Company Profiles/ Market Players
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Stratview Research’s report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
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