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    Aerospace Mro Raw Materials Market Report

    Aerospace Mro Raw Materials Market Report
    Report code - SR1378 Published On : Nov,2021 No. of Pages: 140
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    Aerospace MRO Raw Materials Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

    Market Highlights

    For decades, aluminum dominated the aerospace industry owing to its advantages such as being lightweight and low cost. The tables have turned, since the entry of highly efficient composite materials into the market. Composites are now used not only in primary structural parts, such as fuselage sections, wings, rudders, and rotor blades; but also in the doors, seats, and partitions, in the latest aircraft programs.

    The aerospace industry was already encircled with several challenges, such as fading air passenger traffic growth and the ongoing grounding of the B737 Max in 2018-2019. The spread of the pandemic deepened the existing industry challenges, putting a brake on the entire aerospace industry’s acceleration (ending its 16-year boon).

    The Aerospace MRO raw materials market was no exception and endured a grave decline of +29% YoY in 2020. The unforeseen circumstances amid the pandemic shook the industry stakeholders to the core. Nevertheless, the resilient aerospace industry is likely to recoup from 2021 onwards, gradually and steadily heading towards a full recovery, a couple of years later. A similar impact is expected to reflect in the aerospace MRO raw materials market which is estimated to heal at a promising CAGR of 8.4% during the forecast period to reach an impressive figure of US$ 1 billion by 2026.

    Segments' Analysis

    Aerospace MRO Raw Materials Market by Platform Type

    Based on the platform type, Stratview Research has segmented the market as commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopter. Despite suffering a massive blow in 2020, commercial aircraft is projected to remain the largest and the fastest-growing segment of the market during the forecast period. Rapidly recovering demand and production of aircraft, probable market entry of new aircraft, such as C919, sooner rather than later, and an incessant requirement of mill products best suiting the applications at hand, are the key reasons behind the segment’s healthy growth in the long run.

    Aerospace MRO Raw Materials Market by Material Type

    Based on the material type, the market is segmented as titanium & alloys, aluminum & alloys, steel & alloys, composites, and others. Titanium & alloys captured a major chunk of the pie in 2020 and are expected to maintain their unwavering vanguard during the forecast period. High strength-to-weight ratio and excellent corrosion resistance drive their usage in the aerospace industry.

    Aerospace MRO Raw Materials Market by Application Type

    In terms of applications, engine grabbed the throne in the market. Maintenance for engines and their components is driven by utilization, primarily by accumulated flight hours and cycles. When an aircraft stays in storage for long durations that pass the airframe check thresholds, it must undergo the corresponding maintenance before it can return to service. With thousands of aircraft in storage due to the pandemic, a healthy demand bubble is likely to arise from 2021 onwards.

    Regional Analysis

    In terms of regions, the aerospace hub, North America is expected to maintain its unquestionable lead during the forecast period. There are several major players, such as Hexcel Corporation, Solvay SA, Toray Advanced Composites (TCAC), Alcoa Corporation, and VSMPO Trius US, that are headquartered in the region. Europe and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, the latter is likely to witness the highest growth during the forecast period.

    Key Players

    The following are the key players in the Aerospace MRO Raw Materials Market:

    • VSMPO-AVISMA Corporation
    • Allegheny Technologies, Inc.
    • TIMET (Berkshire Hathaway, Inc.)
    • Alcoa Corporation
    • Kaiser Aluminum
    • Constellium SE
    • Hexcel Corporation
    • Solvay S.A.
    • Toray Industries, Inc.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace MRO raw materials market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aerospace MRO raw materials market is segmented into the following categories. 

    Aerospace MRO Raw Materials Market Size, Share & Forecast, by Platform Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace MRO Raw Materials Market Size, Share & Forecast, by Material Type

    • Titanium & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aluminum & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Steel & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace MRO Raw Materials Market Size, Share & Forecast, by Application Type

    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Components (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace MRO Raw Materials Market Size, Share & Forecast, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, South Africa, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The aerospace MRO raw materials market is estimated to grow at a CAGR of 8.4% by 2026.

    VSMPO-AVISMA Corporation, Allegheny Technologies, Inc., TIMET (Berkshire Hathaway, Inc.), Alcoa Corporation, Kaiser Aluminum, Constellium SE, Hexcel Corporation, Solvay S.A., and Toray Industries, Inc. are the leading players in the aerospace MRO raw materials market.

    North America is estimated to remain dominant in the aerospace MRO raw materials market in the foreseen future.

    The aerospace MRO raw materials market size is expected to reach US$ 1 billion in the foreseeable future.

    Commercial aircraft is expected to remain the largest segment in the aerospace MRO raw materials market in the coming years.

    Titanium & alloys segment is expected to maintain its vanguard in the aerospace MRO raw materials market in the next five years.

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