DUBLIN, September 20, 2017 /PRNewswire/ --
The "Aerospace Materials Market by Type, Aircraft Type and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global aerospace materials market is projected to reach USD 25.80 Billion by 2022, at a CAGR of 6.9% from 2017 to 2022. Increased passenger transportation is projected to enhance the aircraft production industry, which will further drive the demand for aerospace materials.
North America dominated the aerospace materials market in 2016 and is expected to continue its dominance during the forecast period. The U.S. is the major consumer of aerospace materials and the demand for aerospace materials is expected to increase during the forecast period in North America. The high demand for aerospace materials is primarily due to the presence of top aircraft manufacturers such as Boeing, Lockheed Martin, and others in the region.