Title: Covid-19 Impact on Aerospace MRO Raw Materials Market to Witness Steady Growth through 2026
1Presents a Research Report on Aerospace MRO Raw
Materials Market
The report on the Aerospace MRO Raw Materials
Market is segmented By Platform Type (Commercial
Aircraft, Regional Aircraft, General Aviation,
Military Aircraft, and Helicopter), by Material
Type (Titanium Alloys, Aluminum Alloys, Steel
Alloys, Composites, and Others), by Application
Type (Airframe, Engine, and Components), and by
Region (North America, Europe, Asia-Pacific, and
Rest of the World).
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2The Aerospace MRO Raw Materials Market Highlights
Drivers
- 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.
- Market Insight
- By Applications 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.
3Market Insight Competitive Insights
- By Region
- 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
- VSMPO-AVISMA Corporation
- Allegheny Technologies, Inc.
- TIMET (Berkshire Hathaway, Inc.)
- Alcoa Corporation
- Kaiser Aluminum
- Constellium SE
- Hexcel Corporation
- Solvay S.A.
- Toray Industries, Inc.
4Research Methodology
Data Analysis (Top Down and Bottom Up Approach)
Data Triangulation (Data Evaluation and Multiple
Data Triangulation)
Final Deliverables (Final Report with All
Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research
- Annual Reports / Fact Book
- Company Websites
- Magazines / Publications
- Press Releases Journals
- Industry News
- Association Articles
- Government Documents
- Social Media
- Others
- Robust database across value chain
- In-house industry veterans as advisors
- Project based subject matter experts
- Industry Players
- Industry Experts
- Suppliers
- Customers
- Associations
- Government Institutions
- Others
5Report 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 on 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, Porters five forces analysis, SWOT
analysis. - Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics Market share,
product portfolio, product launches, etc. - Attractive market segments and associated growth
opportunities. - Emerging trends.
- Strategic growth opportunities for the existing
and new players. - Key success factors.
6About Stratview Research
Stratview Research is a global market
intelligence firm providing high quality
syndicated reports, custom research and
consulting services.
Our Services
Why Us?
High Customer Delight
Rich Industry Experience
Robust Methodology
Effective Business Decisions
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