Market Overview:
The global titanium alloys aluminium alloys aerospace materials market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lightweight and high-strength materials in the aerospace industry. In addition, the growing demand for commercial and military aircraft is also contributing to the growth of this market. The global titanium alloys aluminium alloys aerospace materials market can be segmented on the basis of type into high strength alloy and ultra high strength alloy. On the basis of application, this market can be segmented into commercial aircraft and military aircraft. The commercial aircraft segment is expected to account for a major share of this market during the forecast period owing to rising air traffic across the globe. Geographically, this market can be divided into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is projected to witness highest growth duringthe forecast period dueto rapid industrialization in countries such as Chinaand India .
Product Definition:
Titanium alloys are a family of materials that contain titanium and one or more other elements. They have many applications in aerospace engineering, automotive manufacturing, medical implants, and other industries.
High Strength Alloy:
High strength alloys are materials with a very high yield stress and tensile strength. The yield stress is the maximum stress that can be imposed on a material before it gives up and fractures. Tensile strength is the breaking point of a material, which is measured in terms of force per unit area.
The global high strength alloy market size was estimated at USD 2,962 million in 2016.
Ultra High Strength Alloy:
Ultra-high strength alloys are materials with very high stiffness and ductility. Ultra-high strength alloys have applications in aerospace, military & defense, automotive industries. Increasing use of titanium for lightweight vehicles is expected to drive the market over the forecast period.
Application Insights:
Commercial aircraft was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Increasing air traffic owing to rise in tourism, business travel and other similar activities is expected to drive demand for titanium alloys over the forecast period. In addition, increasing number of low-cost carriers has led to increase in passenger traffic which further supports market growth.
Military aircraft application segment comprises fighter planes, transport planes and others such as helicopters, UAVs (unmanned aerial vehicles) and bombers. Titanium alloy is used for manufacturing military aircraft due to its high strength-to-weight ratio which makes it suitable for use in critical areas such as control surfaces on aero engines where strong resistance towards bending or flexing is required at high temperatures without getting too heavy or expensive respectively.
Regional Analysis:
Asia Pacific dominated the global titanium and aerospace materials market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for commercial aircraft, especially in India, China, Japan and Southeast Asian countries.
The growing middle-class population coupled with rising disposable incomes has resulted in an increased number of passengers flying on a regular basis. This trend is projected to continue over the coming years thereby driving product demand across this region.
Europe accounted for a major share of revenue share in 2017 as it was one of the key markets that fuelled production levels globally along with North America and Asia Pacific regions due to high military spending by NATO countries such as U.S.
Growth Factors:
- Increasing demand for lightweight and high-strength materials in the aerospace and automotive industries
- Growing popularity of titanium alloys in medical implants and prostheses
- Rising demand for corrosion-resistant alloys in chemical processing plants and marine applications
- Increasing use of aluminium alloys in construction and engineering projects
- Proliferation of new titanium alloy grades with enhanced properties
Scope Of The Report
Report Attributes
Report Details
Report Title
Titanium Alloys Aluminium Alloys Aerospace Materials Market Research Report
By Type
High Strength Alloy, Ultra High Strength Alloy
By Application
Commercial Aircraft, Military Aircraft
By Companies
Thyssenkrupp Aerospace, Kobe Steel, Materion, VSMPO-AVISMA, Toho Titanium, BaoTi, Thyssenkrupp Aerospace
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Titanium Alloys Aluminium Alloys Aerospace Materials Market Report Segments:
The global Titanium Alloys Aluminium Alloys Aerospace Materials market is segmented on the basis of:
Types
High Strength Alloy, Ultra High Strength Alloy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Aircraft, Military Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thyssenkrupp Aerospace
- Kobe Steel
- Materion
- VSMPO-AVISMA
- Toho Titanium
- BaoTi
- Thyssenkrupp Aerospace
Highlights of The Titanium Alloys Aluminium Alloys Aerospace Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Strength Alloy
- Ultra High Strength Alloy
- By Application:
- Commercial Aircraft
- Military Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Titanium Alloys Aluminium Alloys Aerospace Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Titanium alloys are a type of aerospace material that is used to make aircraft parts and components. Aluminium alloys are also used in aircraft construction, but they are more commonly found in the wings and fuselage of planes.
Some of the key players operating in the titanium alloys aluminium alloys aerospace materials market are Thyssenkrupp Aerospace, Kobe Steel, Materion, VSMPO-AVISMA, Toho Titanium, BaoTi, Thyssenkrupp Aerospace.
The titanium alloys aluminium alloys aerospace materials market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Titanium Alloys Aluminium Alloys Aerospace Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Titanium Alloys Aluminium Alloys Aerospace Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Titanium Alloys Aluminium Alloys Aerospace Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Titanium Alloys Aluminium Alloys Aerospace Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Titanium Alloys Aluminium Alloys Aerospace Materials Market Size & Forecast, 2020-2028
4.5.1 Titanium Alloys Aluminium Alloys Aerospace Materials Market Size and Y-o-Y Growth
4.5.2 Titanium Alloys Aluminium Alloys Aerospace Materials Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High Strength Alloy
5.2.2 Ultra High Strength Alloy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Aircraft
6.2.2 Military Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Titanium Alloys Aluminium Alloys Aerospace Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Titanium Alloys Aluminium Alloys Aerospace Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High Strength Alloy
9.6.2 Ultra High Strength Alloy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Aircraft
9.10.2 Military Aircraft
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High Strength Alloy
10.6.2 Ultra High Strength Alloy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Aircraft
10.10.2 Military Aircraft
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High Strength Alloy
11.6.2 Ultra High Strength Alloy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Aircraft
11.10.2 Military Aircraft
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High Strength Alloy
12.6.2 Ultra High Strength Alloy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Aircraft
12.10.2 Military Aircraft
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High Strength Alloy
13.6.2 Ultra High Strength Alloy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Aircraft
13.10.2 Military Aircraft
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Titanium Alloys Aluminium Alloys Aerospace Materials Market: Competitive Dashboard
14.2 Global Titanium Alloys Aluminium Alloys Aerospace Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thyssenkrupp Aerospace
14.3.2 Kobe Steel
14.3.3 Materion
14.3.4 VSMPO-AVISMA
14.3.5 Toho Titanium
14.3.6 BaoTi
14.3.7 Thyssenkrupp Aerospace
