COVID-19 related disruptions couldnt have come at a more unexpected time. The markets had finally stabilized after a period of much volatility and unpredictability in aerospace markets prior to about 2013. Moreover, global investment in the industry had been expanding in recent years, and markets had been on a strong upswing. This situation has obviously been disrupted, at least temporarily. But how temporary is the disruption? What is next, and how will markets weather the mid- to long-term? The answers to these questions are key to the global market for emerging aerospace materials, which depend heavily on underlying aerospace markets. Advancements in aerospace materials also play a role
in aerospace market developments. As the specificity and key qualities of emerging aerospace materials improves and grows-which is happening quickly-aerospace applications become more fuel-efficient, lighter, more reliable, and in some cases even improve in terms of operability.
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A key objective of this report is to provide market evaluations for the emerging aerospace material technologies and applications considered by this study. Market breakdowns and regional as well as select national splits are provided for the following categories: advanced steel alloys, advanced aluminum alloys, titanium alloys, superalloys, advanced composites (focusing on carbon fiber reinforced polymer), ceramic matrix composites and advanced adhesives. The study also provides regional and select national level splits for the six primary application categories: commercial passenger aircraft, commercial transport (i.e., cargo) aircraft, general aviation, helicopters, defense industry and government, and the commercial space industry.
To this extent, the full report discloses realistic market projections based on comprehensive analysis of trends; summarizes key industry players; provides an overview of relevant technologies and applications; and most importantly, helps you and your team to identify market hot spots, cold spots, points of entry, tappable niches and pitfalls to avoid.
As shown in the table and figure below, global markets for emerging aerospace materials are expected to temporarily slide in the wake of the COVID-19 epidemic. Markets will drop sharply, from REDACTED in 2019 to an estimated REDACTED in 2020. However, markets will return to growth in the ensuing period, accruing a notable increase in spite of a challenging 2020. Markets will increase to REDACTED in 2025, resulting in a 2020 to 2025 compound annual growth rate (CAGR) of REDACTED globally. At a slightly finer scale, the summary table below presents aggregated markets values in two categories: advanced metal alloys (alloys of steel, aluminum, titanium and superalloys), and advanced composites and adhesives (considering the other categories noted above). The advanced metal alloy segment accounts for the majority of the market, at an estimated REDACTED in 2020, and advancing to REDACTED by 2025, for a REDACTED CAGR during that period. The advanced composites and adhesives category will also show a temporary downturn in 2020, but it will be less severe than that identified for advanced metal alloys.”
“Report Scope:
This study reviews the following technology categories, along with relevant market and production information, technological descriptions and issues, and key applications and major market factors. This report organizes technologies into the following segments –
- Advanced steel alloys.
- Advanced aluminum alloys.
- Titanium alloys.
- Superalloys.
- Composites: carbon fiber reinforced polymer.
- Ceramic matrix composites.
- Advanced adhesives.
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The following applications for emerging aerospace materials are also examined, with market breakdowns for each by region with select countries –
- Commercial passenger aircraft.
- Commercial transport aircraft (for cargo).
- General aviation.
- Helicopters.
- Defense industry and government.
- Commercial space industry.
Report Includes:
- 62 tables
- Industry analysis of the global markets for emerging materials in aerospace within the industry
- Analyses of global market trends, with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Characterization and quantification of market potential for emerging materials in aerospace by material type, technology category, end use application and geographical region
- Regional dynamics of the emerging materials market covering North America, Europe and APAC along with country-specific data and analysis for U.S., Canada, France, Germany, U.K., India, China, Japan etc.
- A look at the industry driven underlying markets, government regulations, and technology updates
- Patent analysis for emerging materials in the global aerospace industry
- Examination of vendor landscape and discussion of key companies dealing in emerging materials, including, 3M Co., BASF, Donacasters Group, H. C. Stark, and Mitsubishi Heavy Industries”
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