A new market outlook predicts a compound annual growth rate of 7.4% on the airspace materials market all the way until the year 2022.
The market is expected to reach $23.8 billion by 2022 – up from $13.4 billion in 2014.
For a comprehensive breakdown of the figures, materials, and major players, you can visit ReportLinker.
Meanwhile, B/E Aerospace, Inc (trading on the NASDAQ as BEAV) has been reported as oversold by Forbes.
Finally, we’d like to draw your attention to an interesting analysis of international growth opportunities for titanium in the aerospace industry. The largest titanium segment there today is commercial aircraft, of course. Yet space experts would also do well to keep an eye on titanium – considering the fact that a commercial space flight industry is also expected to make major leaps by the year 2020, which should affect growth.
