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Aerospace Materials Global Market Report 2023

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    Report

  • 200 Pages
  • March 2023
  • Region: Global
  • The Business Research Company
  • ID: 5766606

Quick Summary:

In the dynamic realm of the aerospace industry, the selection of right materials is crucial for the successful design, construction, and performance of an aircraft. Aerospace materials, offering high tensile strength, superior temperature tolerance, enhanced transparency, and a hard surface, have become an integral part of this high-stakes field. These materials – from aluminium, steel, and titanium alloys to super alloys and composite materials – form the backbone of a large variety of aerospace components, playing a pivotal role in the construction of airframes, windows, interiors, engine components, propulsion systems, mirrors, and ceilings.

With the aerospace materials market anticipated to see continuous growth, our new market research report holds the key to understanding this rapidly evolving field. Bringing you the most up-to-date and comprehensive information, this report includes aerospace materials market trends, opportunities, market segments, as well as the profiles and strategies of key market players. This ensures you have all the data needed to prosper in the aerospace materials industry. Equipped with an in-depth analysis of current and future scenarios, this report becomes an essential tool for staying ahead in the competitive environment.

Aerospace materials refer to types of materials, often metal alloys or polymeric-based materials, that have been created specifically for aircraft application and are used in a variety of aerospace components because they have enhanced qualities such as high tensile strength, superior temperature tolerance, enhanced transparency, and a hard surface.

The main types of aerospace materials are aluminum alloys, steel alloys, titanium alloys, super alloys, and composites. An aluminumalloy is a chemical composition in which other elements are added to pure aluminum to improve its qualities, particularly its strength. Steel is a metal alloy that contains primarily iron with trace amounts of carbon, depending on the quality or grade of steel. Titanium alloy is a metal alloy that is predominantly composed of pure titanium with additional metals or chemical ingredients scattered throughout. Superalloys are complex, high-performance alloys that can withstand oxidizing conditions and high temperatures. A composite material is made up of two separate materials that have different physical and chemical properties. Aerospace materials are used for a variety of aerospace components, in the construction of aircraft parts such as airframes, windows, interiors, engine components, propulsion systems, mirrors, and ceilings.

The global aerospace materials market grew from $19.68 billion in 2022 to $20.46 billion in 2023 at a compound annual growth rate (CAGR) of 3.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace materials market is expected to grow to $25.69 billion in 2027 at a CAGR of 5.9%.

The aerospace materials market research report is one of a series of new reports that provides aerospace materials market statistics, including aerospace materials industry global market size, regional shares, competitors with an aerospace materials market share, detailed aerospace materials market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace materials industry. This aerospace materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The development of carbon fiber composites for making various aerospace structures and parts is an emerging trend in the aerospace materials market. Carbon fiber is a material composed of carbon atoms arranged in long, thin crystals that can be molded with epoxy into practically any shape, even designs that are impossible to achieve with metals or without welding many sections together and creating weak points. Due to the lightweight, durable, corrosion-resistant, and temperature-resistant properties of carbon fiber, manufacturers of aerospace materials are focused on developing carbon fiber structures for various aerospace applications. For instance, in August 2021, Markforged, a US-based additive manufacturing company specializing in the development and manufacturing of digtal forge, launched Onyx FR-A and Carbon Fiber FR-A based on fiber reinforcement technology. These two materials are lightweight, efficient to reduce fuel consumption and improve engine performance, and used in various parts of aircraft interiors.

In November 2021, Collins Aerospace, a US-based defense and aircraft product manufacturing company, acquired Dutch Thermoplastic Components B.V. for an undisclosed amount. Through this acquisition, Collins will expand the use of cutting-edge thermoplastics to make airplanes lighter and more economical to run, and it will emphasize our commitment to utilizing cutting-edge materials and procedures, weight reduction for improved reliability, fuel efficiency, and environmentally friendly practices throughout the entire product lifecycle. Dutch Thermoplastic Components B.V. is a Netherlands-based company pioneering in the development and manufacturing of structural thermoplastic composite parts for aircraft structures.

Europe was the largest region in the aerospace materials market in 2022. The regions covered in the aerospace materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the aerospace materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The increasing demand for lightweight and fuel-efficient aircraft will propel the growth of the aerospace materials market. The growing requirement for fuel-efficient aircraft to fulfill strict pollution control standards raised the demand for lightweight aircraft. Aerospace materials are lower in weight than traditional metals, yet have great strength, which helps to reduce the overall weight of aircraft and so aids in meeting emission limits and improving fuel efficiency. For instance, according to the General Aviation Manufacturer's Association, an aviation industry trade association, HondaJet, a light business jet produced by the Honda Aircraft Company, became the world's best-selling light aircraft for the fourth year in a straight, with 31 deliveries completed in 2020. In the second half of 2020, the company delivered 22 units, three more than in 2019. The rising demand for lightweight and fuel-efficient aircraft will further drive the growth of the aerospace materials market.

The aerospace materials market consists of sales of graphene, polymer composites, glass-fiber-reinforced plastic, carbon fiber, and glass- and aramid-reinforced epoxy. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Major players in the aerospace materials market are Toray Industries, Inc., DuPont de Nemours, Inc., Aleris International, Hexcel Corporation, Alcoa Corporation, Koninklijke Ten Cate BV, Arkema S.A., Cytec Solvay Group, Arconic Inc., (Alcoa Corp.), SABIC, NOVELIS, Gurit, Constellium N.V, Cytec Solvay Group, WS Atkins plc, Teijin Limited, and Hyosung Advanced Materials.



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Frequently Asked Questions about the Global Aerospace Materials Market

What is the estimated value of the Global Aerospace Materials Market?

The Global Aerospace Materials Market was estimated to be valued at $20.46 billion in 2023.

What is the growth rate of the Global Aerospace Materials Market?

The growth rate of the Global Aerospace Materials Market is 5.9%, with an estimated value of $25.69 billion by 2027.

What is the forecasted size of the Global Aerospace Materials Market?

The Global Aerospace Materials Market is estimated to be worth $25.69 billion by 2027.

Who are the key companies in the Global Aerospace Materials Market?

Key companies in the Global Aerospace Materials Market include Toray Industries Inc., DuPont de Nemours Inc., Aleris International, Hexcel Corporation, Alcoa Corporation, Koninklijke Ten Cate BV, Arkema S.A., Cytec Solvay Group, Arconic Inc., (Alcoa Corp.) and SABIC.

Table of Contents

1. Executive Summary

2. Aerospace Materials Market Characteristics

3. Aerospace Materials Market Trends And Strategies
4.Aerospace Materials Market - Macro Economic Scenario
4.1 COVID-19 Impact On Aerospace Materials Market
4.2 Ukraine-Russia War Impact On Aerospace Materials Market
4.3 Impact Of High Inflation On Aerospace Materials Market

5. Aerospace Materials Market Size And Growth
5.1. Global Aerospace Materials Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Aerospace Materials Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Aerospace Materials Market Segmentation
6.1. Global Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Aluminum Alloys
  • Steel Alloys
  • Titanium Alloys
  • Super Alloys
  • Composites
6.2. Global Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Commercial Aircraft
  • Business and General Aviation
  • Civil Helicopters
  • Military
6.3. Global Aerospace Materials Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Aero Structure
  • Components
  • Cabin Interiors
  • Propulsion System
  • Equipment, System, and Support
  • Satellites
  • Construction and Insulation Components
7. Aerospace Materials Market Regional And Country Analysis
7.1. Global Aerospace Materials Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Aerospace Materials Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Aerospace Materials Market
8.1. Asia-Pacific Aerospace Materials Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Aerospace Materials Market
9.1. China Aerospace Materials Market Overview
9.2. China Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Aerospace Materials Market
10.1. India Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Aerospace Materials Market
11.1. Japan Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Aerospace Materials Market
12.1. Australia Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Aerospace Materials Market
13.1. Indonesia Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Aerospace Materials Market
14.1. South Korea Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Aerospace Materials Market
15.1. Western Europe Aerospace Materials Market Overview
15.2. Western Europe Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Aerospace Materials Market
16.1. UK Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Aerospace Materials Market
17.1. Germany Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Aerospace Materials Market
18.1. France Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Aerospace Materials Market
19.1. Eastern Europe Aerospace Materials Market Overview
19.2. Eastern Europe Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Aerospace Materials Market
20.1. Russia Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Aerospace Materials Market
21.1. North America Aerospace Materials Market Overview
21.2. North America Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Aerospace Materials Market
22.1. USA Aerospace Materials Market Overview
22.2. USA Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Aerospace Materials Market
23.1. South America Aerospace Materials Market Overview
23.2. South America Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Aerospace Materials Market
24.1. Brazil Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Aerospace Materials Market
25.1. Middle East Aerospace Materials Market Overview
25.2. Middle East Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Aerospace Materials Market
26.1. Africa Aerospace Materials Market Overview
26.2. Africa Aerospace Materials Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Aerospace Materials Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Aerospace Materials Market Competitive Landscape And Company Profiles
27.1. Aerospace Materials Market Competitive Landscape
27.2. Aerospace Materials Market Company Profiles
27.2.1. Toray Industries, Inc.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. DuPont de Nemours, Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Aleris International
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Hexcel Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Alcoa Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Aerospace Materials Market

29. Aerospace Materials Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Aerospace Materials Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aerospace materials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for aerospace materials? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aerospace materials market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Aluminum Alloys; Steel Alloys; Titanium Alloys; Super Alloys; Composites
2) By Aircraft Type: Commercial Aircraft; Business and General Aviation; Civil Helicopters; Military
3) By Application: Aero Structure; Components; Cabin Interiors; Propulsion System; Equipment, System, and Support; Satellites; Construction and Insulation Components

Companies Mentioned: Toray Industries Inc.,; DuPont de Nemours Inc.,; Aleris International; Hexcel Corporation; Alcoa Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Toray Industries Inc.
  • DuPont de Nemours Inc.
  • Aleris International
  • Hexcel Corporation
  • Alcoa Corporation
  • Koninklijke Ten Cate BV
  • Arkema S.A.
  • Cytec Solvay Group
  • Arconic Inc., (Alcoa Corp.)
  • SABIC
  • NOVELIS
  • Gurit
  • Constellium N.V
  • Cytec Solvay Group
  • WS Atkins plc
  • Teijin Limited
  • Hyosung Advanced Materials

Methodology

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