Global Aerospace Materials Market is accounted for $33.36 billion in 2021 and is expected to reach $68.40 billion by 2028 growing at a CAGR of 10.8% during the forecast period. Aerospace materials refer to substances used by the aircraft OEMs & component makers for building several aircraft parts. The materials used in airplane design have been continuously developing. Earlier flights were firstly built of ash wood and spruce with muslin covering the wings, while today’s airliners are made mostly of aluminum with some structure made from steel.
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By geography, Europe is projected to hold the largest share in the market due to high demand from commercial and business aircraft. Increased deliveries of Airbus aircraft primarily drive the composites material demand in Europe. Apart from this, the region develops military aircraft and helicopters.
Some of the key players profiled in the Aerospace Materials Market include 3M, Akzo Nobel NV, Alcoa Corporation, Allegheny Technologies Incorporated, AMG Advanced Metallurgical Group N.V., BASF SE, Constellium SE, DuPont de Nemours Inc, Henkel AG & Co. KGaA, Hexcel Corporation, Kobe Steel Ltd., Novelis Inc., Solvay S.A., Teijin Limited, Toray Industries Inc., and Kymera International.
Aircraft Types Covered in Aerospace Materials Market
• Large Wide Body
• Medium Wide Body
• Small Wide Body
• Single Aisle
• Regional Jets
Types Covered:
• Non-Structural
• Structural
End Users Covered:
• Business & General Aviation
• Commercial Aircraft
• Helicopters
• Military Aircraft
• Space Vehicles
• Defence Aircraft
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