Aerospace Superalloys Market Report 2025

The aerospace superalloys market size has grown strongly in recent years. It will grow from $4.7 billion in 2024 to $5.03 billion in 2025 at a compound annual growth rate (CAGR) of 7%. The expansion during the historical period was driven by the rising demand for fuel-efficient engines, greater utilization in next-generation aircraft, higher defense expenditures on advanced jets, the adoption of additive manufacturing, and the need for components with extended lifespans.

The aerospace superalloys market size is expected to see strong growth in the next few years. It will grow to $6.53 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The primary drivers of growth in the forecast period include the increasing demand for lightweight, high-strength materials, broader adoption of next-generation turbine engines, expanding sustainable aviation efforts, the rise of space exploration initiatives, and the ongoing modernization of military aircraft. Key trends expected during this period involve progress in nickel-based superalloy formulations, the creation of oxidation-resistant coatings, innovations in additive manufacturing methods, the enhancement of single-crystal alloy technologies, and the advancement of environmentally friendly recycling techniques.

The increasing number of air travelers is playing a significant role in the growth of the aerospace superalloys market. This rise in air travel, largely driven by the expansion of the middle class and higher disposable incomes, is pushing airlines to expand and modernize their fleets to accommodate growing demand. As a result, the use of aerospace superalloys in aircraft production is increasing to ensure high performance and safety under extreme conditions. For example, in June 2024, the International Air Transport Association (IATA) reported that total airline passenger traffic in December 2023 had increased by 25.3% compared to the same month in 2022. This upward trend in air travel is thus a key factor supporting the growth of the aerospace superalloys market.

Companies in the aerospace superalloys market are focusing on the development of advanced nickel superalloys to improve the performance, durability, and heat resistance of aerospace components. Nickel superalloys, primarily composed of nickel, are designed to endure extreme temperatures, pressure, and mechanical stress. In July 2024, Aubert & Duval, a metallurgical solutions company based in France, and Alloyed, a UK-based company specializing in alloy and process design technologies, introduced ABD-1000 AM. This advanced alloy, created using Alloyed’s computational Alloys-by-Design platform, is tailored for additive manufacturing and provides excellent environmental resistance and high-temperature strength. It maintains performance at temperatures above 1000°C (1832°F) in its age-hardened condition. Compared to the cast alloy Ni247LC, ABD-1000 AM offers similar stress rupture life and enables crack-free additive manufacturing and heat treatment, making it ideal for complex aerospace, power, automotive, defense, and space applications.

In November 2024, Acerinox SA, a stainless steel and high-performance alloy manufacturer based in Spain, acquired Haynes International Inc. for an undisclosed amount. This acquisition strengthens Acerinox’s position in the high-value-added alloys market by incorporating Haynes’ expertise in metallurgy and specialty products. It enhances Acerinox’s technological capabilities and expands its market presence in aerospace, industrial gas turbines, and chemical processing across North America and Europe. Haynes International Inc. is a U.S.-based producer of high-performance nickel- and cobalt-based alloys used in aerospace and other industries.

Major players in the aerospace superalloys market are ThyssenKrupp AG, IHI Corporation, Acerinox SA, Aperam S.A., Precision Castparts Corporation, Arconic Corporation, Howmet Aerospace Inc., Eramet S.A., Allegheny Technologies, Carpenter Technology Corporation, AMG Advanced Metallurgical Group N.V., Special Metals Corporation, VDM Metals GmbH, Doncasters Group Ltd., Aubert & Duval, Haynes International Inc., Universal Stainless & Alloy Products Inc., Mishra Dhatu Nigam Ltd., Cannon-Muskegon Corporation, and NeoNickel Limited.

North America was the largest region in the aerospace superalloys market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in aerospace superalloys report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace superalloys market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

Aerospace superalloys are a category of high-performance metal alloys designed specifically to endure the extreme conditions typical in aerospace applications. They are used in manufacturing jet engine turbine blades, combustion chambers, and exhaust systems because of their ability to maintain strength and resist corrosion at very high temperatures.

The primary alloy types of aerospace superalloys include cobalt, iron, and nickel. Cobalt superalloys, containing at least 35% cobalt, are valued for their strength retention at extreme temperatures (up to 1150°C). These alloys are available in various forms such as bars, ingots, powders, sheets and plates, and wires. They are applied in components like combustion chambers, seals, turbine blades, turbine discs, and vanes, serving end users across commercial aviation, defense, industrial gas turbines, and power generation sectors.

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

The aerospace superalloys market consists of sales of combustion chamber components, nozzles and exhaust systems, and heat shields and liners. 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 and 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.

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