Global Aerospace Materials Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Aluminum Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composite Materials and Others.

By Aircraft Type;

Commercial Aircraft, Military Aircraft, Business & General Aviation (BGA), Helicopters and Other Aircraft Types.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn143620607 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Aerospace Materials Market (USD Million), 2020 - 2030

In the year 2023, the Global Aerospace Materials Market was valued at USD 29,525.83 million. The size of this market is expected to increase to USD 48,350.41 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.3%.

The Global Aerospace Materials Market is a critical segment within the aerospace industry, encompassing a wide range of advanced materials essential for the construction and performance of aircraft and spacecraft. These materials, including metals, composites, polymers, and ceramics, are selected for their unique properties such as high strength-to-weight ratios, durability, thermal resistance, and fatigue resistance. The aerospace industry demands materials that can withstand extreme conditions, from the high temperatures and pressures experienced during flight to the harsh environment of space. As a result, aerospace materials are at the forefront of technological innovation, continually evolving to meet the stringent requirements of modern aerospace applications.

The market for aerospace materials is driven by several key factors, including the increasing production of commercial and military aircraft, the growth of space exploration activities, and the rising demand for lightweight, fuel-efficient materials. With airlines seeking to reduce operational costs and emissions, there is a growing emphasis on developing materials that contribute to fuel efficiency and reduce the environmental impact of aviation. Similarly, the defense sector's focus on advanced military aircraft and unmanned aerial vehicles (UAVs) necessitates materials that offer superior performance and reliability. The space industry's expansion, including satellite launches and interplanetary missions, further propels the demand for high-performance aerospace materials.

In recent years, the aerospace materials market has seen significant advancements in material science and engineering, leading to the development of innovative materials such as carbon fiber composites, titanium alloys, and high-temperature ceramics. These advancements have enabled manufacturers to produce lighter, stronger, and more resilient components, enhancing the overall performance and safety of aircraft and spacecraft. Additionally, the market is characterized by collaborations between aerospace companies, material manufacturers, and research institutions, fostering innovation and accelerating the adoption of new materials. As the aerospace industry continues to evolve, the demand for advanced aerospace materials is expected to grow, driven by ongoing technological advancements and the increasing complexity of aerospace applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Aircraft Type
    3. Market Snapshot, By Region
  4. Global Aerospace Materials Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Innovations
        2. Growing Aerospace Industry
        3. Lightweighting Initiatives
      2. Restraints
        1. High Production Costs
        2. Supply Chain Challenges
        3. Regulatory Compliance Burdens
      3. Opportunities
        1. Emerging Markets Expansion
        2. Focus on Sustainability
        3. Space Exploration Initiatives
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aerospace Materials Market, By Type, 2020 - 2030 (USD Million)
      1. Aluminum Alloys
      2. Steel Alloys
      3. Titanium Alloys
      4. Super Alloys
      5. Composite Materials
      6. Others
    2. Global Aerospace Materials Market, By Aircraft Type, 2020 - 2030 (USD Million)
      1. Commercial Aircraft
      2. Military Aircraft
      3. Business & General Aviation (BGA)
      4. Helicopters
      5. Other Aircraft Types
    3. Global Aerospace Materials Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Toray Industries, Inc.
      2. Cytec Solvay Group.
      3. Du Pont
      4. Alcoa Corporation.
      5. Teijin Limited
      6. ATI Metals.
      7. Constellium N.V
      8. Kobe Steel Limited
      9. Aleris
      10. AMG N.V
  7. Analyst Views
  8. Future Outlook of the Market