Aerospace Aluminium Market Report 2025

The aerospace aluminium market size has grown strongly in recent years. It will grow from $7.9 billion in 2024 to $8.54 billion in 2025 at a compound annual growth rate (CAGR) of 8%. The increase during the historic period is due to the expansion of aircraft fleets, higher demand for recyclable materials, growth in commercial aviation, the need for lightweight materials, and regulatory efforts aimed at reducing emissions.

The aerospace aluminium market size is expected to see strong growth in the next few years. It will grow to $11.5 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The projected growth in the forecast period is driven by rising defense budgets, a surge in unmanned aerial vehicle production, advancements in hypersonic aircraft development, increased electric aircraft manufacturing, and the adoption of advanced manufacturing technologies. Key trends during this period include innovations in alloy technology, the development of aluminum-lithium alloys, high-temperature aluminum alloys, automation in aluminum part production, and the use of smart aluminum for structural health monitoring.

The growth of commercial aviation is expected to drive the expansion of the aerospace aluminum market in the future. Commercial aviation involves operating aircraft for passenger and cargo transport on both domestic and international routes. This growth is mainly fueled by rising disposable incomes and an expanding middle class, which enable more people to afford air travel for business and leisure purposes. The commercial aviation sector increases demand for aerospace aluminum by requiring lightweight, high-strength materials that improve fuel efficiency and aircraft performance. This demand also promotes ongoing innovation in aluminum alloys, contributing to safer and more cost-effective air travel. For example, according to Eurostat, a Luxembourg-based government agency, the number of air passengers in the EU reached 973 million in 2023, representing a 19.3% increase compared to 2022. Consequently, the growth in commercial aviation is boosting the aerospace aluminum market.

Leading companies in the aerospace aluminum market are concentrating on creating advanced solutions such as digital materials design platforms to accelerate innovation, shorten development times, and optimize material performance. Digital materials design platforms are integrated software tools that use computational modeling, artificial intelligence, and data analytics to speed up the discovery and development of high-performance materials. For instance, in May 2023, QuesTek Innovations LLC, a US-based materials engineering firm, introduced the ICMD digital design platform. This integrated computational materials design platform combines proprietary materials models with AI-powered tools, enabling rapid design, testing, and deployment of next-generation aluminum alloys for aerospace uses. It offers predictive performance analytics and automated optimization features, allowing engineers to develop lightweight and high-strength aluminum alloys faster and more cost-effectively than traditional methods.

In July 2024, The Boeing Company, a US aerospace and defense firm, acquired Spirit AeroSystems Holdings Inc. for $8.3 billion. This acquisition is intended to improve Boeing’s supply chain, increase control over key aerostructure components, and boost operational efficiency in manufacturing commercial and defense aircraft. Spirit AeroSystems Holdings Inc. is a US aerospace manufacturer specializing in aluminum-based aerostructures.

Major players in the aerospace aluminium market are Hindalco Industries Limited, Norsk Hydro ASA, China Hongqiao Group Limited, Kobe Steel Ltd., Alcoa Corporation, RUSAL International, Arconic Corporation, Emirates Global Aluminium PJS, Constellium SE, South32 Limited, Novelis Inc., UACJ Corporation, Kaiser Aluminum Corporation, Russel Metals Inc., Gränges AB, Alumetal S.A., AMAG Austria Metall AG, Bharat Aluminium Company Limited, JW Aluminum Company, Service Center Metals LLC, Alumeco Group A/S, Vedanta Aluminium Limited, and PT Indonesia Asahan Aluminium.

Asia-Pacific was the largest region in the aerospace aluminium market in 2024. The regions covered in aerospace aluminum report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace aluminum 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 steep increase in U.S. tariffs and the triggered trade tensions in spring 2025 are profoundly impacting the metal and minerals sector by disrupting supply chains for automakers, appliance manufacturers, and infrastructure projects. Domestic mills have raised prices in response to reduced import competition, but capacity constraints limit their ability to meet demand. Mining firms, meanwhile, grapple with retaliatory tariffs on mineral exports, particularly lithium and rare earths. Industry players are investing in scrap metal recycling, lobbying for exemptions, and forming joint ventures with overseas producers to secure stable supply.

Aerospace aluminum is a high-strength, lightweight alloy specifically developed for use in the aerospace sector. It mainly consists of aluminum combined with elements like copper, magnesium, silicon, or zinc, providing a superior strength-to-weight ratio along with resistance to corrosion and fatigue. This alloy is primarily designed to reduce the weight of aircraft while maintaining structural safety and integrity, which in turn improves fuel efficiency and overall performance.

The primary grade types of aerospace aluminum include 2024, 7075, 6061, 6082, among others. The 2024 grade, which mainly contains copper, is a high-strength alloy built to endure fatigue and carry heavy loads. It possesses strong tensile properties and performs reliably under repeated stress, making it ideal for aircraft wings, fuselage parts, and other structural applications. Manufacturing methods such as casting, extrusion, welding, and forging are commonly used, serving important industries like commercial aviation, business and general aviation, and military and defense.

The aerospace aluminum market research report is one of a series of new reports that provides aerospace aluminum market statistics, including aerospace aluminum industry global market size, regional shares, competitors with an aerospace aluminum market share, detailed aerospace aluminum market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace aluminum industry. The aerospace aluminum 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 aluminum market consists of sales of aluminum sheets, plates, bars, and fabricated components specifically designed for use in aircraft structures, engine parts, and other aerospace applications. 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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