Report Code: A15504 | Pages: NA | Jul 2023 | 1013 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Aerospace And Defense Materials Market
Request Now !The aerospace & defense industry is one of the most strictly regulated industries in the world. The materials employed in the industry are also open to high regulatory and performance standard in order to meet the strict demands of the situations they are used in. A variety of materials such as composites, aluminum, steel, titanium, alloys, and many others are utilized in various structural and non-structural factor in this industry.
Composites have been used in the aerospace & defense industry since a very long time. Nevertheless, their usage in the industry was limited to only a few usages. Military aircraft were the first to use aerospace composites conspicuously in the structures to gain substantial weight reduction. Boeing first introduced its 787 Dreamliner model in 2011 (entered commercial service), which is stated to be made of 80% composites by volume.
COVID-19 Impact analysis
Top Impacting Factors
The swift enlargement of the middle-class added with rising disposable income has expedited the increase in aerospace activities in the developing nations of the world. As a result, there has been a rise in regional aircraft as well as the development of secondary airport substructure across the world. This has indeed given a rise to the demand for aircraft in developing nations, which is boosting the consumption of aerospace & defense materials.Â
Fuel efficiency has always been the critical concern for any transportation industry environment, and it holds utmost importance in the aerospace & defense industry. The pursuit to cut down the cost of flying and grow operation profitability has led to the development of lightweight and high-performing materials that have assisted the aerospace & defense industry reach new heights. Lightweight and high toughness materials such as composites, aluminum, alloys, titanium, and others find a pivotal role in the main composition of the aircraft. Â
One of the biggest obstructions to the development of the aerospace and defense materials market is the constantly changing preference for composite materials and complex responsibility due to less material options, whereas the less expenditure in defense sector in developed nations will hinder the growth of the market over the forecast time.
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Aerospace And Defense Materials Market: By Product Report Highlights
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Key Market Players | Kobe Steel Ltd., Aleris International Inc., DowDuPont Inc., Huntsman International LLC, Constellium NV, Arconic Inc., Toray Composites America Inc., Hexcel Corporation, Cytec Solvay Group, Sabic Innovative Plastics |
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