Growing demand for lightweight and fuel-efficient aircraft is estimated to stimulate market demand in the forecast period.

Market Size – USD 4,131.7 Million in 2020, Market Growth - CAGR of 3.7%, Market Trends – Increase in consumer preference for flight transportation in APAC

The global Aluminum Alloys Aerospace Materials Market is expected to reach USD 5,546.6 Million by 2028, according to a new report by Reports and Data. The market registered a shipment of 416.8 Kilo Tons, in terms of volume, which is over 40% of the total aerospace materials market. There is an increasing demand for innovative and high-quality metals and alloys in the aerospace industry. Various applications, including carrying of passengers, astronauts, or fighter pilots, increase the market demand for aerospace products, which must comply with the performance and quality of the highest standards under extreme conditions. The characteristics of aluminum alloys to offer high weight to strength ratios, corrosion resistance, and formability, among others, is expected to drive the market growth in the forecast period. Few advantages of aluminum alloys include high performance under cryogenic temperatures, less dense than steel but with similar strength, and does not rust.

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Leading Companies Profiled in the Report:

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.

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Product Types:

2xxx Series
3xxx Series
5xxx Series
6xxx Series
7xxx Series

Applications:

Business & General Aviation
Commercial Aviation
Military Aviation
Others

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Regional Outlook:

The report provides readers with an exhaustive analysis of the current growth opportunities for various Aluminum Alloys Aerospace Materials market regions. It gathers significant data to predict the revenue share of each regional segment over the forecast timeline. Furthermore, the report includes a comprehensive study of the year-on-year growth rate of these regions. The leading key regions encompassed in the report include:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key questions addressed in the report:

What is the market size calculated to be by the end of the forecast period?
What is the CAGR of the Aluminum Alloys Aerospace Materials market?
What are the latest developments in the Aluminum Alloys Aerospace Materials sector?
What is the outcome of the COVID-19 impact analysis of the Aluminum Alloys Aerospace Materials global landscape?
Who are the leading players contributing significantly to the overall market?
What are the growth opportunities observed in the sector?
Which regions contribute the most to the overall market?
What are the prevalent strategic initiatives adopted by leading companies?
Which factors are expected to restrain market growth in the following years?
Which key trends are speculated to affect the future growth of the industry?

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