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Aerospace Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global aerospace materials market size reached US$ 23.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

Aerospace materials are metal alloys with high tensile strength, superior temperature tolerance, enhanced transparency and hard surface, which are used for different aerospace purposes. They comprise high-strength steels, composites, and aluminum and titanium alloys. They are lightweight and consequently help reduce global warming, environmental pollution, and fuel consumption. In addition, they assist in improving flight performance through better acceleration, higher structural strength and stiffness, and enhanced safety performance. As a result, aerospace materials find extensive applications in rotorcraft and commercial, military and space aircraft.

Aerospace Materials Market Trends:

At present, there is a rise in the demand for fuel-efficient and lightweight aircraft across the globe. This, along with the growing utilization of commercial aircraft to haul passengers and freight between selected airports, represents one of the key factors driving the market. Moreover, governments of several countries are extensively investing in the defense industry to enhance the function and structure of aircraft. This, coupled with the rising utilization of composites in aircraft manufacturing to provide high structural strength, is propelling the growth of the market. In addition, the escalating demand for single-aisle aircraft for commercial purposes is offering lucrative growth opportunities to key market players. Besides this, the growing utilization of unmanned aerial vehicles (UAVs) for real-time surveys, site surveillance, and making quick visits to collect data and information is positively influencing the market. Additionally, the expanding aerospace industry due to increasing air traffic around the world is catalyzing the demand for aerospace materials. Apart from this, the rising usage of the internet of things (IoT) enabled sensing devices in aircraft functions, components, and the body is bolstering the market growth. Other growth-inducing factors are rising research and development (R&D) activities, rapid modernization, and technological advancements.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aerospace materials market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, aircraft type and application.

Breakup by Type:

  • Aluminium Alloys
  • Titanium Alloys
  • Super Alloys
  • Steel Alloys
  • Composite Materials
     

Breakup by Aircraft Type:

  • Commercial Aircraft
  • Business and General Aviation
  • Helicopters
     

Breakup by Application:

  • Interior
    • Passenger Seating
    • Galley
    • Interior Panels
    • Others
  • Exterior
    • Propulsion Systems
    • Air Frame
    • Tail and Fin
    • Windows and Windshields
       

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Allegheny Technologies Incorporated, Arkema S.A., BASF SE, DuPont de Nemours Inc., Hexcel Corporation, Kaiser Aluminum Corporation, Materion Corporation, Mitsubishi Chemical Holdings Corporation, Röchling SE & Co. KG, SGL Carbon SE, Solvay S.A., Sumitomo Bakelite Company Limited and Toray Industries Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Aircraft Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Allegheny Technologies Incorporated, Arkema S.A., BASF SE, DuPont de Nemours Inc., Hexcel Corporation, Kaiser Aluminum Corporation, Materion Corporation, Mitsubishi Chemical Holdings Corporation, Röchling SE & Co. KG, SGL Carbon SE, Solvay S.A., Sumitomo Bakelite Company Limited and Toray Industries Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global aerospace materials market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global aerospace materials market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the aircraft type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global aerospace materials market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Aerospace Materials Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Aluminium Alloys
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Titanium Alloys
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Super Alloys
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Steel Alloys
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Composite Materials
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Breakup by Aircraft Type
    7.1    Commercial Aircraft
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Business and General Aviation
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Helicopters
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Application
    8.1    Interior
        8.1.1 Market Trends
        8.1.2 Key Segments
           8.1.2.1 Passenger Seating
           8.1.2.2 Galley
           8.1.2.3 Interior Panels
           8.1.2.4 Others
        8.1.3 Market Forecast
    8.2    Exterior
        8.2.1 Market Trends
        8.2.2 Key Segments
           8.2.2.1 Propulsion Systems
           8.2.2.2 Air Frame
           8.2.2.3 Tail and Fin
           8.2.2.4 Windows and Windshields
        8.2.3 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Allegheny Technologies Incorporated
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
        14.3.2    Arkema S.A.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    BASF SE
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    DuPont de Nemours Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Hexcel Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Kaiser Aluminum Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Materion Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Mitsubishi Chemical Holdings Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Röchling SE & Co. KG
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    SGL Carbon SE
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Solvay S.A.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Sumitomo Bakelite Company Limited
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis
        14.3.13    Toray Industries Inc.
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
           14.3.13.3 Financials
           14.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Aerospace Materials Market: Major Drivers and Challenges
Figure 2: Global: Aerospace Materials Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Aerospace Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Aerospace Materials Market: Breakup by Type (in %), 2022
Figure 5: Global: Aerospace Materials Market: Breakup by Aircraft Type (in %), 2022
Figure 6: Global: Aerospace Materials Market: Breakup by Application (in %), 2022
Figure 7: Global: Aerospace Materials Market: Breakup by Region (in %), 2022
Figure 8: Global: Aerospace Materials (Aluminium Alloys) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Aerospace Materials (Aluminium Alloys) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Aerospace Materials (Titanium Alloys) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Aerospace Materials (Titanium Alloys) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Aerospace Materials (Super Alloys) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Aerospace Materials (Super Alloys) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Aerospace Materials (Steel Alloys) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Aerospace Materials (Steel Alloys) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Aerospace Materials (Composite Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Aerospace Materials (Composite Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Aerospace Materials (Commercial Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Aerospace Materials (Commercial Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Aerospace Materials (Business and General Aviation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Aerospace Materials (Business and General Aviation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Aerospace Materials (Helicopters) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Aerospace Materials (Helicopters) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Aerospace Materials (Interior) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Aerospace Materials (Interior) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Aerospace Materials (Exterior) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Aerospace Materials (Exterior) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Aerospace Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Aerospace Materials Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Aerospace Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Aerospace Materials Industry: SWOT Analysis
Figure 78: Global: Aerospace Materials Industry: Value Chain Analysis
Figure 79: Global: Aerospace Materials Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Aerospace Materials Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Aerospace Materials Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Aerospace Materials Market Forecast: Breakup by Aircraft Type (in Million US$), 2023-2028
Table 4: Global: Aerospace Materials Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Aerospace Materials Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Aerospace Materials Market: Competitive Structure
Table 7: Global: Aerospace Materials Market: Key Players


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