The aerospace rolled products market is likely to mirror the industry’s trajectory towards recovery from 2021 onwards with a CAGR of 8.9% during 2021-2026, to reach a value of US$ 5.8 Billion by 2026.
Several forms of raw materials are used in the aerospace industry such as flat products, rolled products, and extruded products. Rolled products include sheets, plates, foils, strips, etc. Plates are rectangular cross-sections of metal that have a thickness of a quarter of an inch or more (0.25 in or >6 mm). Plates are extensively used in the aerospace industry for a range of applications such as upper and lower wing covers, fuselage panels, tactical aircraft bulkheads, and internal fuselage structures. Sheets usually have a thickness in the range of 0.2 mm to 6.3 mm. Any rolled products thinner than 0.2 mm are called foils.
Nevertheless, the irrepressible aerospace industry is likely to emerge out of the glim market conditions sooner rather than later, well-backed by strong industry fundamentals and an unmatched prowess in handling crises. The early signs of healing are prominent in the industry with the ungrounding of B737MAX, resuming aircraft deliveries, and alleviating losses in the aerospace giants’ revenues. For instance, Airbus reaped profit in Q1 2020 as opposed to grave loss in Q1 2020.
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