Aerospace and Defense Materials - Global Strategic Business Report

Report
769 Pages
March 2024
Region: Global
Global Industry Analysts, Inc
ID: 5301741

The global market for Aerospace and Defense Materials is estimated at US$23.9 Billion in 2023 and is projected to reach US$34.4 Billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Aerospace Composites segment, which is expected to reach US$14.3 Billion by 2030 with a CAGR of 5.2%. The Aerospace Aluminum Alloys segment is also set to grow at 4.2% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $7.7 Billion in 2023, and China, forecasted to grow at an impressive 6.6% CAGR to reach $4.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Aerospace and Defense Materials Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Aerospace and Defense Materials Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Aerospace and Defense Materials Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Alcoa Corporation, 3M Company, Arkema Group, and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 196 Featured):

Alcoa Corporation
3M Company
Arkema Group
AMG Advanced Metallurgical Group N.V.
Aperam SA
Arconic, Inc.
Arnold Magnetic Technologies
Advanced Composites, Inc.
Alcast Technologies Ltd.
Argosy International Inc.
Avdel (India) Pvt. Ltd.
Aluminum Die Cast Co., Inc.
AirMetals, Inc.
Atlas Composite Technologies Ltd.
Avient Corp.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Economic Update
Aerospace Materials: An Introductory Prelude
Material Mix Evolves as Fuel Economy Throws the Spotlight on Aircraft Lightweighting
Competition
Aerospace and Defense Materials - Global Key Competitors Percentage Market Share in 2024 (E)
Materials Used in Aircraft Manufacturing
Market Outlook
US Dominates the Market
Asia-Pacific as Powerful Engine for Aviation Industry & Related Materials
India Emerges as a Lucrative Market
Recent Market Activity
WORLD BRANDS
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Slow Recovery in Commercial Aviation Sector Presents Opportunities
Global Commercial Aircraft New Deliveries by Aircraft Type (2022-2041)
Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
Global Aircraft Deliveries by Region: 2021-2040
Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities
Passenger Traffic as Share of 2019 by Country for 2021-2025
Number of Scheduled Passengers Boarded by Airlines Worldwide industry (In Million) for Years 2018 Through 2023
Spending Patterns in the Defense Sector to Strengthen Growth Prospects
Global Military Expenditure in US$ Billion (2016-2023)
World Steps Up Military Spending in the Wake of the Russia Ukraine War,
Rising Demand for Fixed Wing Fighter Aircraft Bodes Well
Military Aircraft Supply Chain to Benefit from the Unfortunate State of Global Geo-Political Affairs: Military Spending by Top Countries in 2023 (In US$ Billion
Growth of Low-Cost Carriers: An Opportunity for Aerospace Materials Market
LCC Short Haul Market as % of Total Seat Capacity by Region
Business & General Aviation Segment Poised to Lead Future Growth in the Aerospace Materials Market
Global Private Jet Aircraft Industry in US$ Billion: 2021 & 2028
Global General Aviation Market: Revenue Share (in %) by Aircraft Type: 2023
Smart Materials & 3D Printing Gain Spotlight
List of Select 3D Printing Materials for Aerospace Applications
Aging Aircraft Expand Opportunities for Engineering Materials
Aging Aircraft & the Ensuing Need to Ensure Airworthiness of Older Airplanes to Spur Opportunities in the MRO Services Market: Average Age (in Years) of Globally Operating Aircraft Fleet for 2020 & 2030
Aerospace Industry to Scale New Heights with Innovative, Green Materials
Composites: The Dominant Aerospace Material Category
Challenges and Future prospects
Promising Composites for Aerospace Applications
Progressive Expansion in Use Case Results in Composites Evolving as Mainstream Aerospace Material
Composites Make Up for About Half of Total Weight of Modern Aircraft: Percentage Breakdown of Structural Weight Composition by Material for Airbus 350XWB and Boeing 787
EXHIBIT : Evolution of Composite Materials as % of Aircraft Mass for Select Fighter Aircrafts
Players Introduce Innovations in Composites Space
Nanocomposites Evolve into Advanced Solutions in Aircraft Construction
Carbon Continues to Make Gains as Best-in-Class Aerospace Composites Material
Asian Companies Dominate Aerospace-Grade Carbon Fiber Production
Carbon Fiber Composites Find Favor in Aircraft Interiors
Emergence of New & Unconventional Composites for Use in Aircraft Interiors
Demand for Polymer Matrix Composites Gain Momentum
Aerospace Tapes: An Innovative Product
Composites not the Panacea for Better Aircraft Manufacture as There are Few Disadvantages As Well
Growing Use of Composites in Airframes Challenge MRO Providers to Seek for Improved Tools and Techniques
Graphene: The Next Generation Material for Aerospace Industry
Developments in Aerospace Graphene Materials Space
Established Role of Aluminium in Aircraft Manufacturing Renders Improved Outlook for Aluminium Alloys
New Aluminum Alloys to Emerge for Aircraft Manufacture
Demand for 7000 series Al-Zn Alloys Gains Momentum
Newer Titanium Alloys Gain Traction in Aerospace Application for Engine Parts and Airframes
Superalloys Emerge as Key Manufacturing Materials for Aircraft Engines
Nickel Alloys Combine Immense Strength and Extreme Temperature Tolerance
Steel Alloys Lend Traction in Producing Long-Lasting Fasteners & Landing Gear Bolts
Use of Magnesium Based Alloys Witness a Surge
Aircraft Electrical Systems: The Stronghold Application for Copper & Copper Alloys

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Aerospace and Defense Materials Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
Table 2: World Recent Past, Current & Future Analysis for Aerospace and Defense Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 3: World Historic Review for Aerospace and Defense Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 4: World 16-Year Perspective for Aerospace and Defense Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
Table 5: World Recent Past, Current & Future Analysis for Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 6: World Historic Review for Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 7: World 16-Year Perspective for Composites by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 8: World Recent Past, Current & Future Analysis for Aluminum Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 9: World Historic Review for Aluminum Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 10: World 16-Year Perspective for Aluminum Alloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 11: World Recent Past, Current & Future Analysis for Titanium Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 12: World Historic Review for Titanium Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 13: World 16-Year Perspective for Titanium Alloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 14: World Recent Past, Current & Future Analysis for Superalloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 15: World Historic Review for Superalloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 16: World 16-Year Perspective for Superalloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 17: World Recent Past, Current & Future Analysis for Steel Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 18: World Historic Review for Steel Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 19: World 16-Year Perspective for Steel Alloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 20: World Recent Past, Current & Future Analysis for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 21: World Historic Review for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 22: World 16-Year Perspective for Other Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 23: World Recent Past, Current & Future Analysis for Aerostructures by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 24: World Historic Review for Aerostructures by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 25: World 16-Year Perspective for Aerostructures by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 26: World Recent Past, Current & Future Analysis for Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 27: World Historic Review for Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 28: World 16-Year Perspective for Components by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 29: World Recent Past, Current & Future Analysis for Commercial Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 30: World Historic Review for Commercial Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 31: World 16-Year Perspective for Commercial Aircraft by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 32: World Recent Past, Current & Future Analysis for Military Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 33: World Historic Review for Military Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 34: World 16-Year Perspective for Military Aircraft by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 35: World Recent Past, Current & Future Analysis for Business Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 36: World Historic Review for Business Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 37: World 16-Year Perspective for Business Aircraft by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 38: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 39: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 40: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

Aerospace and Defense Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)

CANADAJAPANCHINA

EUROPE

Aerospace and Defense Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)

FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Aerospace and Defense Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)

AUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Alcoa Corporation
3M Company
Arkema Group
AMG Advanced Metallurgical Group N.V.
Aperam SA
Arconic, Inc.
Arnold Magnetic Technologies
Advanced Composites, Inc.
Alcast Technologies Ltd.
Argosy International Inc.
Avdel (India) Pvt. Ltd.
Aluminum Die Cast Co., Inc.
AirMetals, Inc.
Atlas Composite Technologies Ltd.
Avient Corp.

Table Information

Report Attribute	Details
No. of Pages	769
Published	March 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 23.9 Billion
Forecasted Market Value ( USD ) by 2030	$ 34.4 Billion
Compound Annual Growth Rate	5.3%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 196 Featured):

MarketGlass Platform

Table of Contents

Companies Mentioned (Partial List)

Table Information

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About the Aerospace and Defense Materials Market