This report, from Stratview Research, studies the Aerospace Tube Materials Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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Platform Type Segment

Commercial aircraft is expected to remain the largest and the fastest-growing segment of the market during the forecast period. Increasing demand for lightweight yet durable materials in fabricating different components and parts; market entry of new players, such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs, such as B737 Max, A320neo, and B777X; and rising commercial and regional aircraft deliveries across regions are the key factors propelling the demand for tube materials in the commercial aircraft segment.

Material Type Segment

In terms of value, steel & alloys are expected to remain the largest segment of the market during the forecast period. Steel & alloys offer various advantages, such as high strength and excellent corrosion resistance, at a lower cost as compared to their competing materials which make them the preferred material for a wide array of applications in the aerospace industry including hydraulic tubes.

Region Wise Segment

North America is expected to remain the largest market for aerospace tube materials during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators. Most of the tube material suppliers have their presence in the region to address the emergent needs of the OEMs to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

Asia-Pacific is likely to witness the highest growth during the same period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and Mitsubishi SuperJet).

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Highlights of the Report:

Tube materials currently represent only 1.2% of the total aerospace raw materials market and are estimated to grow at a higher pace (4.2% CAGR (tube materials) vs 3.1% CAGR (raw materials), volume basis) over the next five years. The aerospace tube materials market is expected to witness a lucrative CAGR of 5.2% during the forecast period of 2020-2025 to reach an estimated value of US$ 197.1 million in 2025. Most of the factors negatively affecting the aerospace raw materials market, such as grounding of B737 Max, P&W 1100G engine series failure (A320neo), and multiple in-flight incidents in PW1500G and PW1900G on Swiss 220s, are also negatively imprinting the demand for tube materials in the aerospace industry.

The supply chain of this market comprises several nodes including raw material suppliers, intermediate product manufacturers, aerospace component manufacturers, aircraft and engine OEMs, airlines, aircraft leasing companies, and MRO companies. The key players in the aerospace tube materials market are AMETEK, Inc.; Plymouth Tube Co.; Sandvik SE; Carpenter Technology Corporation; Special Metals Corporation; VSMPO-AVISMA Corporation; Villares Steel; Kobe Steel Ltd.; Allegheny Technologies, Inc.; and TIMET (Berkshire Hathaway Inc.). the development of lightweight advanced materials for tubes and other critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Features of the Report

This report offers high-quality insights and is the outcome of 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.

Based on the research, a proper report is crafted with the following key features:

• 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, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

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