Chemical & Materials Trending Aerospace Materials Market | Page 4

Industry Insights
• Based on type, the aluminum alloys segment is expected to lead the aerospace materials market
during the forecast period.
• Increasing demand from aircraft production industry is resulting to an increase in the
consumption of aerospace materials globally.
• The share of aluminum alloys in the aerospace materials is expected to decline in future owing to
the increasing use of composite materials.
• However, high-strength and low fatigue aluminum alloys will continue to be the important
aerospace materials for the aircraft industry.
• Based on aircraft type, the commercial aircraft segment is projected to lead the aerospace
materials market from 2017 to 2022.
• Increasing passenger transport, coupled with an increase in demand for commercial aircraft is
expected to propel the aerospace materials market for the commercial aircraft segment during
the forecast period.
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