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.
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