Aerospace Aluminium Market Report 2026

The aerospace aluminium market size has grown strongly in recent years. It will grow from $8.54 billion in 2025 to $9.22 billion in 2026 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to growth in commercial aviation sector, adoption of aluminum alloys in military aircraft, demand for fuel-efficient aircraft, advances in aerospace manufacturing processes, expansion of business and general aviation.

The aerospace aluminium market size is expected to see strong growth in the next few years. It will grow to $12.37 billion in 2030 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing focus on lightweight materials for next-gen aircraft, rising defense expenditure, adoption of electric and hybrid aircraft, development of high-strength aluminum grades, increasing commercial airline fleet expansions. Major trends in the forecast period include high-strength lightweight aluminum alloys, advanced corrosion-resistant coatings, enhanced fatigue performance of aerospace aluminum, innovative extrusion and forging techniques, development of custom aluminum grades for aviation.

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 companies operating in the aerospace aluminium market report are Alcoa Corporation, Arconic Corporation, Constellium SE, Kaiser Aluminum Corporation, Norsk Hydro ASA, Hindalco Industries Limited, Kobe Steel Ltd., UACJ Corporation, AMAG Austria Metall AG, Novelis Inc., RUSAL International, Emirates Global Aluminium PJS, China Hongqiao Group Limited, South32 Limited, Vedanta Aluminium Limited, Bharat Aluminium Company Limited, PT Indonesia Asahan Aluminium, Gränges AB, JW Aluminum Company, Aleris Corporation, Chalco Aluminum Corporation, Rio Tinto Aluminium, Aluminium Bahrain BSC, Nippon Light Metal Company Ltd., Vimetco NV.

Asia-Pacific was the largest region in the aerospace aluminium market in 2025. The regions covered in the aerospace aluminium market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aerospace aluminium market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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 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.

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