The global Aluminum Alloys Aerospace Materials market research report published by Reports and Data is a comprehensive assessment of the Aluminum Alloys Aerospace Materials industry with regards to key companies in the market, market size, share, revenue, demand, drivers, restraints, regional bifurcation, segments and sub-segments of the market. The study evaluates the market from various dimensions to deliver an end-product that is accurate, reliable, informative, and elaborate and includes detailed market segmentation, regional analysis, and competitive landscape of the Aluminum Alloys Aerospace Materials market.
Market Overview:
The rise in materials and chemicals companies’ deployment of digital technologies to enhance efficiency gains and increase reliability are the key factors stimulating materials and chemicals industry trends. The industry players are allocating huge budgets for advanced sensing and automation machines to enhanced optimization of operations.
Materials and chemicals are used across various end-use industries such as manufacturing, medical & pharmaceutical, automotive, food tech, among others. New product launches, technological advancements, growing consumer demand variety in daily use items, and increasing automation in the industry will accrue to major revenue gains in the coming years. Also, increasing consumer awareness regarding energy-efficiency and associated demand for sustainable products will boost market growth during the forecast period.
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Further key findings from the report suggest
- The 2xxx series is held the largest market share in 2024 and is forecasted to maintain its market leadership with a growth rate of 3.4% in the forecast period.
- Aluminum alloy AA2024, is the most widely used alloy for aircraft, is a high-grade aluminum alloy and has excellent resistance to fatigue. It is used mostly in sheet forms such as for the wings and fuselage attributed to its high tensile strength of around 470 MPa.
- The heat treatable alloys contributed to the largest market share in 2024 and are projected to grow at a rate of 3.6% in the forecast period.
- Aluminum alloys belonging to the heat treatable alloy grade are 2xxx, 6xxx, and 7xxx series.
- The application of aluminum alloys in military aviation is expected to witness a growth rate of 4.0% in the forecast period.
- Asia-Pacific is projected to grow at the highest CAGR of 4.3% during the forecast period.
- Key participants include Huntsman International LLC, Alcoa Corp., Kobe Steel Ltd., DowDuPont Inc., Kaiser Aluminum, Aleris International Inc., AMI Metals Inc., Rusal, Constellium N.V., and Hexcel Corporation among others.
- In March 2024, UC RUSAL, a significant player in the market, announced that new high strength wrought scandium-aluminum alloys have entered the test phase.
- The certification process for mass production is expected to complete in 2019, after which the company will commence mass production of the new alloys and their promotion in the automotive and aerospace industries.
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For the purpose of this report, Reports and Data have segmented global aluminum alloys aerospace materials on the basis of aluminum alloy type, alloy grade, aircraft type, application, and region:
Aluminum Alloy Type Cause Outlook (Volume, Kilo Tons; 2024-2028 and Revenue, USD Million; 2024-2028)
- 2xxx Series
- 3xxx Series
- 5xxx Series
- 6xxx Series
- 7xxx Series
Alloy Grade Outlook (Volume, Kilo Tons; 2024-2028 and Revenue, USD Million; 2024-2028)
- Heat Treatable Alloys
- Non-Heat Treatable Alloys
Aircraft Type Outlook (Volume, Kilo Tons; 2024-2028 and Revenue, USD Million; 2024-2028)
- Fixed Wing
- Rotary
- Others
Application Outlook (Volume, Kilo Tons; 2024-2028 and Revenue, USD Million; 2024-2028)
- Business & General Aviation
- Commercial Aviation
- Military Aviation
- Others
Regional Outlook (Volume, Kilo Tons; 2024-2028 and Revenue, USD Million; 2024-2028)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
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Frequently asked questions addressed in the report:
- What is the projected growth rate of the global Aluminum Alloys Aerospace Materials market over the forecast period?
- What are the latest trending factors influencing market growth?
- What are the major factors driving the growth of the Global Aluminum Alloys Aerospace Materials Market?
- What are the risks and challenges existing in the industry?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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