Global Aerospace Materials market will reach 11500 million US$ by the end of 2025

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QYResearch 

Global Aerospace Materials market 

will reach 11500 million US$ by the 

end of 2025 

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• Aerospace materials are materials, frequently metal alloys, 

that have either been developed for, or have come to 

prominence through, their use for aerospace purposes. 

• These uses often require exceptional performance, strength 

or heat resistance, even at the cost of considerable expense 

in their production or machining. Others are chosen for their 

long-term reliability in this safety-conscious field, 

particularly for their resistance to fatigue. 

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• The aerospace materials market is unconcentrated. For the past 

20 years, aerospace materials has been a niche market, and 

advanced technology and sufficient raw material supply is vital in 

this industry. Consequently, only limited companies are able to 

produce aerospace materials in their own land. Regionally, North 

America is the biggest consumption region of aerospace 

materials, about 38.94% of the global aerospace materials 

consumption, and the market share of Europe is also considerable. 

Consumption in China is more separated, but in fast development. 

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• The global consumption of aerospace materials has reached 681.5 K 

MT in 2016, with annual increase more than 1.3% for the past five 

years. Comparative, the development in China is little faster. The 

production structure in China is in low end industry compared with 

developed countries. It is estimated that the market in China would 

be promising due to rigid demand in local industry. Generally, Precision 

Castparts Corporation dominates the high end market of aerospace 

materials, with several competitive players like Alcoa, Rio Tinto Alcan, 

Kaiser Aluminum, Aleris, Rusal, ATI Metals,Toray Industries. 

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• The import and export percent of this industry is 

high. North America and Europe are the main regions 

that export aerospace materials, with China the main 

import region. Technology is a vital factor in 

aerospace materials industry. The import and export 

of aerospace materials is limited the numbers. 

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QYResearch 

The global Aerospace Materials market is valued 

at 10200 million US$ in 2017 and will reach 

11500 million US$ by the end of 2025, growing 

at a CAGR of 1.6% during 2018-2025. 

Click to view the full report: 

https://www.qyresearch.com/index/detail/194473/globalaerospace-materials-sales-market 

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Global Aerospace Materials market will reach 11500 million US$ by the end of 2025

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