Aerospace Raw Materials Market Global Report 2026

The aerospace raw materials market size has grown strongly in recent years. It will grow from $27.47 billion in 2025 to $29.47 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to rising demand for lightweight aerospace materials, increasing aircraft production and fleet expansion, growing use of high-strength titanium and aluminum alloys, expanding demand for composite materials in aerostructures, and increasing requirements for heat-resistant materials in aircraft engines.

The aerospace raw materials market size is expected to see strong growth in the next few years. It will grow to $38.42 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for ceramic matrix composites in propulsion systems, rising adoption of aluminum-lithium alloys for weight reduction, growing demand for advanced titanium alloys in next-generation aircraft, expanding use of high-performance engineering plastics in aerospace systems, and increasing requirement for durable materials in unmanned aerial vehicles and spacecraft. Major trends in the forecast period include increasing adoption of lightweight aluminum-lithium alloys in aerospace structures, rising demand for titanium alloys in high-strength aerospace components, growing use of ceramic matrix composites in high-temperature propulsion systems, expanding application of nickel-based superalloys in aerospace engines, and increasing preference for high-performance engineering plastics in aircraft interiors and systems.

The rising commercial aircraft production and deliveries are expected to propel the growth of the aerospace raw materials market in the coming years. Commercial aircraft production and deliveries refer to the manufacturing of new commercial airplanes and the handover of completed aircraft to airlines, leasing companies, and operators. Commercial aircraft production and deliveries are increasing due to rising air travel demand, as growing passenger numbers encourage airlines to expand and modernize their fleets with new aircraft. Commercial aircraft production and deliveries drive demand for aerospace raw materials by increasing the need for lightweight metals, composites, and advanced materials used in the manufacturing of new aircraft structures and components. For instance, in February 2026, according to the ADS Group, a UK-based trade organization, aircraft orders reached 2,175 in 2025, increasing by 50% year on year, while 1,411 aircraft were delivered, representing a 25% increase compared with 2024. Therefore, the rising commercial aircraft production and deliveries are driving the growth of the aerospace raw materials market.

Major companies operating in the aerospace raw materials market are concentrating on developing innovative solutions, such as higher-strength alloy materials, to improve material strength, durability, thermal performance, and manufacturing efficiency for demanding aerospace applications. Higher-strength alloy materials are advanced metallic alloys engineered to provide superior strength, durability, and resistance to corrosion and extreme temperatures for lightweight, high-performance aerospace applications. For instance, in January 2026, Foundation Alloy, a US-based advanced materials company, launched Molyclast MC1200, a high-performance molybdenum alloy. The product is designed to deliver exceptional strength and reliability for demanding applications, including aerospace and defense uses. It provides benefits such as up to three times higher strength than conventional benchmark molybdenum alloys, improved room-temperature ductility, and enhanced manufacturability. The launch aims to help customers develop higher-performance components while supporting advancements in lightweight, durable, and next-generation aerospace materials.

In March 2026, Applied Aerospace & Defense Inc., a US-based aerospace and defense manufacturing company, acquired Ultracor for an undisclosed amount. Through this acquisition, Applied Aerospace & Defense aims to strengthen its vertically integrated supply chain and enhance its ability to deliver advanced composite manufacturing solutions for space and defense systems. Ultracor is a US-based manufacturer of aerospace raw materials, specifically advanced composite honeycomb core materials used as structural raw materials in aerospace and defense applications.

Major companies operating in the aerospace raw materials market are China Baowu Steel Group Corporation Limited, ArcelorMittal, Nippon Steel Corporation, POSCO Holdings Inc., Toray Industries Inc., Syensqo SA, Hexcel Corporation, Howmet Aerospace Inc., JFE Holdings Inc., voestalpine AG, Alcoa Corporation, Kobe Steel Ltd., ATI Inc., Outokumpu Oyj, Constellium SE, Acerinox S.A., Aperam S.A., Daido Steel Co. Ltd., Kaiser Aluminum Corporation, Carpenter Technology Corporation, Alleima AB, Materion Corporation, AMG Critical Materials N.V., OSAKA Titanium Technologies Co. Ltd., Western Superconducting Technologies Co. Ltd.

North America was the dominant region in the aerospace raw materials market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the aerospace raw materials market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

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