Aerospace Materials Market Overview

The Global Aerospace Materials market was valued at USD 17.50 billion in 2021 and is expected to reach USD 26.66 billion by the year 2028, at a CAGR of 6.2%.

Aerospace materials are referred to as the materials which are utilized by the aircraft OEMs & component producers for creating various aircraft parts. The materials applied in airplane design have been constantly developing. Prior flights were primarily built of spruce and ash wood with muslin covering the wings, while today's airliners are produced mostly of aluminum with some structure made from steel. Aluminum is thin, technically developed in terms of forming and alloying, and it is relatively cheap cost, especially when compared to other composites hence providing effective aerodynamic features to the airplane. Furthermore, materials such as titanium alloys, steel alloys, superalloys, aluminum alloys, and composite materials are utilized to manufacture aircraft. Composite materials in aerospace are applied primarily owing to they have higher strength to weight ratio than metals. Hence, they help inefficient application of fuel enable in declining harmful fuel emissions into the atmosphere. The different types of aerospace composites such as glass fiber reinforced plastics, carbon fiber reinforced plastics, metal matrix composites (MMC), aramid fiber composites, and ceramic matrix composites (CMC). Amidst the COVID-19 pandemic, the global market for Aerospace Materials is estimated to gain US$25.1 Billion by 2027, over the analysis period.

Aerospace Materials Market

COVID-19 Impact on Aerospace Materials Market

The market was poorly influenced by COVID-19 in 2020. Due to the crisis and the lockdowns foisted to restraints the spread of the virus, passenger air-travel activities were temporarily shut down. Even after the lockdown ended, people were hesitant to travel frequently. As per the International Civil Aviation Organization (ICAO), the overall number of passengers globally bring down by 92% in April 2020, compared to the same month in 2019. In addition, international traffic was demolished by 98%. These factors declined the development of the aerospace industry, which, in turn, poorly impacted the demand for the Aerospace Materials market. Furthermore, the interruption in the supply chain resulting in delays or non-arrival of raw materials disrupted financial flows, and rising defection among production line workers have forced aerospace component manufacturers to operate at partial capacities.

Market Dynamics And Factors For The Aerospace Materials Market

Drivers:

Growth in the aerospace materials market is set to be accelerated mainly by the strongly rising commercial air travel demand. The demand for stronger, lighter, quieter operating, safer, fuel-efficient and lower emission aircraft is turning demand for next-generation materials in manufacturing. Some of the major factors turning growth in the market include the growth in the number of orders and deliveries for new and wide-bodied commercial aircraft, rising number of low-cost carriers, growing demand for lightweight and more fuel-efficient aircraft, and technological developments in composite materials. Low-cost carriers (LCCs) have proved to be strong competitors in the market, especially in the emerging countries of APAC and South America. More travelers are expected to fly more often in the MEA and APAC. Aircraft carriers such as Emirates (UAE), Qatar Airways (Qatar), and Etihad Airways (UAE) are among the biggest players in commercial aviation in the Middle East and carry the majority of passengers who travel between APAC and Europe. The number of people applying air transport is rising, driving the demand for larger airplanes. This demand will bring business opportunities to companies providing aerospace materials and other required components in the aircraft manufacturing industry.

Restraints:

The decline in the number of aircraft deliveries would directly affect the aerospace materials market. Since more than 80% of the utilization of composite material is in commercial aircraft, the decline in demand for composite owing to the reduced number of aircraft orders would poorly impact the aerospace materials market. For example, the grounding of Boeing 737MAX resulting from accidents suffered by the Malaysian and Ethiopian Airlines, recently, resulted in the cancellation of its orders. In the first quarter of 2020, Airbus and Boeing delivered 122 and 50 commercial aircraft worldwide, which is 22% and 66% less as compared with the first quarter of 2019.

Opportunities:

UAV (drone) applications in the military have matured, becoming a key asset in military organizations globally and creating business opportunities. Nevertheless, the civil and commercial market for UAVs is in its incipient phases with significant unrealized potential in a wide number of utilizations. Military expenditure for UAV technology is expected to increase as a total percentage of military budgets, providing growth opportunities to specialized drone producers and software developers.

Market Segmentation

Segmentation Analysis of Aerospace Materials Market:

Based on the Aircraft Type, the Commercial Aircraft segment is expected to record the maximum Aerospace Materials market share during the forecast period. General and commercial aircraft are utilized for various purposes, including civil aviation (both private and commercial) and passenger and freight transportation. The demand for aircraft is rising as air passengers are continuously growing in developing economies. As per the International Air Transport Association (IATA), the global air transport industry was valued at USD 838 billion in 2019. It gained over USD 419 billion in 2020, registering a decreasing rate of 50%. Honeywell projected that approximately 7,700 new aircraft deliveries may occur by 2028. Single-aisle aircraft are mainly utilized for commercial purposes. As per Boeing, 32,270 units of single-aisle aircraft (narrow-body aircraft) will be provided globally in the next 20 years, which may grow the demand for aerospace materials in the coming years. This rise will produce additional demand for newer aircraft resulting in aerospace materials demand.

Based on Type, the composite materials segment is expected to register the largest share of the Aerospace Materials market over the forecast period. Composites are increasingly being opted over traditional material for the production of a range of products for the simple reason that they combine properties of different constituent materials to offer more benefits and features to the end-users. Composite materials are thus turning the trend of one-piece designs, or fewer components in aircraft assembly. Man-made composite materials utilized in the aerospace industry mainly comprise carbon-fiber-reinforced plastic (CFRP) and glass-fiber-reinforced plastic (GFRP). CFRPs are the most applied composite materials in both functional and cabin components currently. Aircraft OEMs have started including considerable amounts of carbon composites even in single-aisle, long in-service passenger jets.

Based on the Application, the structural frames segment is expected to register the largest share for the Aerospace Materials market over the forecast period. Materials such as aluminum are compared very suitable for aircraft's frame owing to the lightweight and strength. In addition, aerospace materials utilized in structural frames are lighter than steel and hence enable higher aircraft payload and improved fuel efficiency. Also, materials such as aluminum are majorly resistant to corrosion thereby enhancing aircraft safety.

Regional Analysis of Aerospace Materials Market:

The North American region is expected to dominate the aerospace materials market over the forecast period. The US represents the maximum market for aerospace materials, primarily owing to significant research and development investments by the government in the aerospace sector, the presence of various major aircraft manufacturers such as Carpenter Technology Corporation (US), Allegheny Technologies Incorporated (US), ATI Metals (US), and others, also the adoption of different growth strategies, such as developments and mergers and accession by leading market participants.

Europe region has key aerospace materials manufacturers, such as Rio Tinto Group (UK), Solvay S.A. (Belgium), VSMPO-AVISMA Corporation (Russia), and others are helps to hasten the growth of the aerospace materials market. Raised deliveries of Airbus aircraft primarily turn the composites material demand in Europe. In addition, the region develops military aircraft and helicopters.  The European region is one of the worst influenced by the COVID-19, resulting in declined industrial and economic activities across all major economies such as the UK, Germany, France, Italy, and France.

In Asia-Pacific, the region has been observing a significant increase in demand for new aircraft on account of the economic growth and growth in disposable income that has aided in the rapid increase in the number of air travelers and low-cost carriers, which is anticipated to turn growth in the regional market. As per Boeing, in 2019, over 25% of all air travel globally occurred within Asia. This value is forecast to change to 35% in the next two decades and to occupy the maximum share of intra-regional air travel globally. The Asia-Pacific region is estimated to obtain 17,390 deliveries of new airplanes in the next two decades, which may raise the total number of airplane fleets to 19,420. This may, in turn, raise the demand for the aerospace materials market in the coming years.

Players Covered in Aerospace Materials Market are :

  • Carpenter Technology Corporation (US)
  •  Constellium SE (France)
  •  Rio Tinto Group (UK)
  •  Toray Industries Inc. (Japan)
  •  Alcoa Corporation (US)
  •  Teijin Limited (Japan)
  •  Hexcel Corporation (US)
  •  AMG N.V. (Netherlands)
  •  NOVELIS (US)
  •  Hexcel (US)
  •  Aleris Corporation (US)
  •  Arconic Inc. (the US)
  •  Allegheny Technologies Incorporated (US)
  •  ATI Metals (US)
  •  Kaiser Aluminum (US)
  •  VSMPO-AVISMA Corporation (Russia)
  •  Kobe Steel Ltd. (Japan)
  •  TIMET (Berkshire Hathaway Inc.) (US)
  •  DuPont de Nemours Inc. (the US)
  •  and others Major Players.

Key Industry Developments In The Aerospace Materials Market

  • In March 2020, Kymera International completed a transaction with Ametek Inc., based in Pennsylvania, United States. Kymera announced the acquisition of 100% of the shares of Ametek's Reading Alloys business, which includes the development and production of master alloys, thermal barrier coatings, and titanium powders that are used in the aircraft industry. This acquisition expanded Kymera's business and its product portfolio.
  • In December 2020, Toray Industries, Inc. (Japan) signed an agreement with Joby Aviation to supply composite materials for the application in aircraft production by Joby Aviation. Also, the collaboration would help Joby Aviation in providing affordable, fact, and zero emissions ridesharing via airway to its consumer.
  • In January 2021, Thyssenkrupp Aerospace agreed to three years materials supply with South Korean aircraft manufacturer, Korean Aerospace Industries (KAI). According to the contract, Thyssenkrupp Aerospace will provide materials for the KAI's military and civilian aircraft program and also manage the supply chain.

Global Aerospace Materials Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 17.50 Bn.

Forecast Period 2022-28 CAGR:

6.2%

Market Size in 2028:

USD 26.66 Bn.

Segments Covered:

By Type

  • Steel Alloys
  • Titanium Alloys
  • Aluminum Alloys
  • Super Alloys
  • Plastics
  • Others

By Aircraft Type

  • Commercial Aircraft
  • Business & General Aviation
  • Military Aircraft
  • Helicopters
  • Rotorcrafts
  • Others

By Application

  • Structural Frames
  • Cabin Interiors
  • Propulsion System
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Demand for Aircraft from Emerging Economies

Key Market Restraints:

  • Declining the Number of Commercial Aircraft Deliveries

Key Opportunities:

  • Rising UAV Market Boosts the Demand for Aerospace Materials

Companies Covered in the report:

  • Toray Industries, Inc. (Japan), Solvay S.A. (Belgium), DuPont de Nemours, Inc. (US), Alcoa Corporation (US), Teijin Limited (Japan), and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Aircraft Type
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Aerospace Materials Market by Type
 5.1 Aerospace Materials Market Overview Snapshot and Growth Engine
 5.2 Aerospace Materials Market Overview
 5.3 Steel Alloys
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Steel Alloys: Grographic Segmentation
 5.4 Titanium Alloys
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Titanium Alloys: Grographic Segmentation
 5.5 Aluminium Alloys
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Aluminium Alloys: Grographic Segmentation
 5.6 Super Alloys
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Super Alloys: Grographic Segmentation
 5.7 Plastics
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Plastics: Grographic Segmentation
 5.8 Others
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size (2016-2028F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Others: Grographic Segmentation

Chapter 6: Aerospace Materials Market by Aircraft Type
 6.1 Aerospace Materials Market Overview Snapshot and Growth Engine
 6.2 Aerospace Materials Market Overview
 6.3 Commercial Aircraft
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Commercial Aircraft: Grographic Segmentation
 6.4 Business & General Aviation
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Business & General Aviation: Grographic Segmentation
 6.5 Military Aircraft
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Military Aircraft: Grographic Segmentation
 6.6 Helicopters
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Helicopters: Grographic Segmentation
 6.7 Rotorcrafts
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Rotorcrafts: Grographic Segmentation
 6.8 Others
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2016-2028F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Others: Grographic Segmentation

Chapter 7: Aerospace Materials Market by Application
 7.1 Aerospace Materials Market Overview Snapshot and Growth Engine
 7.2 Aerospace Materials Market Overview
 7.3 Structural Frames
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Structural Frames: Grographic Segmentation
 7.4 Cabin Interiors
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Cabin Interiors: Grographic Segmentation
 7.5 Propulsion System
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Propulsion System: Grographic Segmentation
 7.6 Others
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2016-2028F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Others: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Aerospace Materials Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Aerospace Materials Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Aerospace Materials Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 CARPENTER TECHNOLOGY CORPORATION
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 CONSTELLIUM SE
 8.4 RIO TINTO GROUP
 8.5 TORAY INDUSTRIES INC.
 8.6 ALCOA CORPORATION
 8.7 TEIJIN LIMITED
 8.8 HEXCEL CORPORATION
 8.9 AMG N.V.
 8.10 NOVELIS
 8.11 HEXCEL
 8.12 ALERIS CORPORATION
 8.13 ARCONIC INC.
 8.14 ALLEGHENY TECHNOLOGIES INCORPORATED
 8.15 ATI METALS
 8.16 KAISER ALUMINUM
 8.17 VSMPO-AVISMA CORPORATION
 8.18 KOBE STEEL LTD.
 8.19 TIMET (BERKSHIRE HATHAWAY INC.)
 8.20 DUPONT DE NEMOURS INC.
 8.21 OTHER MAJOR PLAYERS

Chapter 9: Global Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Steel Alloys
  9.2.2 Titanium Alloys
  9.2.3 Aluminium Alloys
  9.2.4 Super Alloys
  9.2.5 Plastics
  9.2.6 Others
 9.3 Historic and Forecasted Market Size By Aircraft Type
  9.3.1 Commercial Aircraft
  9.3.2 Business & General Aviation
  9.3.3 Military Aircraft
  9.3.4 Helicopters
  9.3.5 Rotorcrafts
  9.3.6 Others
 9.4 Historic and Forecasted Market Size By Application
  9.4.1 Structural Frames
  9.4.2 Cabin Interiors
  9.4.3 Propulsion System
  9.4.4 Others

Chapter 10: North America Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Steel Alloys
  10.4.2 Titanium Alloys
  10.4.3 Aluminium Alloys
  10.4.4 Super Alloys
  10.4.5 Plastics
  10.4.6 Others
 10.5 Historic and Forecasted Market Size By Aircraft Type
  10.5.1 Commercial Aircraft
  10.5.2 Business & General Aviation
  10.5.3 Military Aircraft
  10.5.4 Helicopters
  10.5.5 Rotorcrafts
  10.5.6 Others
 10.6 Historic and Forecasted Market Size By Application
  10.6.1 Structural Frames
  10.6.2 Cabin Interiors
  10.6.3 Propulsion System
  10.6.4 Others
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Steel Alloys
  11.4.2 Titanium Alloys
  11.4.3 Aluminium Alloys
  11.4.4 Super Alloys
  11.4.5 Plastics
  11.4.6 Others
 11.5 Historic and Forecasted Market Size By Aircraft Type
  11.5.1 Commercial Aircraft
  11.5.2 Business & General Aviation
  11.5.3 Military Aircraft
  11.5.4 Helicopters
  11.5.5 Rotorcrafts
  11.5.6 Others
 11.6 Historic and Forecasted Market Size By Application
  11.6.1 Structural Frames
  11.6.2 Cabin Interiors
  11.6.3 Propulsion System
  11.6.4 Others
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Steel Alloys
  12.4.2 Titanium Alloys
  12.4.3 Aluminium Alloys
  12.4.4 Super Alloys
  12.4.5 Plastics
  12.4.6 Others
 12.5 Historic and Forecasted Market Size By Aircraft Type
  12.5.1 Commercial Aircraft
  12.5.2 Business & General Aviation
  12.5.3 Military Aircraft
  12.5.4 Helicopters
  12.5.5 Rotorcrafts
  12.5.6 Others
 12.6 Historic and Forecasted Market Size By Application
  12.6.1 Structural Frames
  12.6.2 Cabin Interiors
  12.6.3 Propulsion System
  12.6.4 Others
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Steel Alloys
  13.4.2 Titanium Alloys
  13.4.3 Aluminium Alloys
  13.4.4 Super Alloys
  13.4.5 Plastics
  13.4.6 Others
 13.5 Historic and Forecasted Market Size By Aircraft Type
  13.5.1 Commercial Aircraft
  13.5.2 Business & General Aviation
  13.5.3 Military Aircraft
  13.5.4 Helicopters
  13.5.5 Rotorcrafts
  13.5.6 Others
 13.6 Historic and Forecasted Market Size By Application
  13.6.1 Structural Frames
  13.6.2 Cabin Interiors
  13.6.3 Propulsion System
  13.6.4 Others
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Steel Alloys
  14.4.2 Titanium Alloys
  14.4.3 Aluminium Alloys
  14.4.4 Super Alloys
  14.4.5 Plastics
  14.4.6 Others
 14.5 Historic and Forecasted Market Size By Aircraft Type
  14.5.1 Commercial Aircraft
  14.5.2 Business & General Aviation
  14.5.3 Military Aircraft
  14.5.4 Helicopters
  14.5.5 Rotorcrafts
  14.5.6 Others
 14.6 Historic and Forecasted Market Size By Application
  14.6.1 Structural Frames
  14.6.2 Cabin Interiors
  14.6.3 Propulsion System
  14.6.4 Others
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Aerospace Materials Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 17.50 Bn.

Forecast Period 2022-28 CAGR:

6.2%

Market Size in 2028:

USD 26.66 Bn.

Segments Covered:

By Type

  • Steel Alloys
  • Titanium Alloys
  • Aluminum Alloys
  • Super Alloys
  • Plastics
  • Others

By Aircraft Type

  • Commercial Aircraft
  • Business & General Aviation
  • Military Aircraft
  • Helicopters
  • Rotorcrafts
  • Others

By Application

  • Structural Frames
  • Cabin Interiors
  • Propulsion System
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Demand for Aircraft from Emerging Economies

Key Market Restraints:

  • Declining the Number of Commercial Aircraft Deliveries

Key Opportunities:

  • Rising UAV Market Boosts the Demand for Aerospace Materials

Companies Covered in the report:

  • Toray Industries, Inc. (Japan), Solvay S.A. (Belgium), DuPont de Nemours, Inc. (US), Alcoa Corporation (US), Teijin Limited (Japan), and other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. AEROSPACE MATERIALS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. AEROSPACE MATERIALS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. AEROSPACE MATERIALS MARKET COMPETITIVE RIVALRY
TABLE 005. AEROSPACE MATERIALS MARKET THREAT OF NEW ENTRANTS
TABLE 006. AEROSPACE MATERIALS MARKET THREAT OF SUBSTITUTES
TABLE 007. AEROSPACE MATERIALS MARKET BY TYPE
TABLE 008. STEEL ALLOYS MARKET OVERVIEW (2016-2028)
TABLE 009. TITANIUM ALLOYS MARKET OVERVIEW (2016-2028)
TABLE 010. ALUMINIUM ALLOYS MARKET OVERVIEW (2016-2028)
TABLE 011. SUPER ALLOYS MARKET OVERVIEW (2016-2028)
TABLE 012. PLASTICS MARKET OVERVIEW (2016-2028)
TABLE 013. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 014. AEROSPACE MATERIALS MARKET BY AIRCRAFT TYPE
TABLE 015. COMMERCIAL AIRCRAFT MARKET OVERVIEW (2016-2028)
TABLE 016. BUSINESS & GENERAL AVIATION MARKET OVERVIEW (2016-2028)
TABLE 017. MILITARY AIRCRAFT MARKET OVERVIEW (2016-2028)
TABLE 018. HELICOPTERS MARKET OVERVIEW (2016-2028)
TABLE 019. ROTORCRAFTS MARKET OVERVIEW (2016-2028)
TABLE 020. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 021. AEROSPACE MATERIALS MARKET BY APPLICATION
TABLE 022. STRUCTURAL FRAMES MARKET OVERVIEW (2016-2028)
TABLE 023. CABIN INTERIORS MARKET OVERVIEW (2016-2028)
TABLE 024. PROPULSION SYSTEM MARKET OVERVIEW (2016-2028)
TABLE 025. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 026. NORTH AMERICA AEROSPACE MATERIALS MARKET, BY TYPE (2016-2028)
TABLE 027. NORTH AMERICA AEROSPACE MATERIALS MARKET, BY AIRCRAFT TYPE (2016-2028)
TABLE 028. NORTH AMERICA AEROSPACE MATERIALS MARKET, BY APPLICATION (2016-2028)
TABLE 029. N AEROSPACE MATERIALS MARKET, BY COUNTRY (2016-2028)
TABLE 030. EUROPE AEROSPACE MATERIALS MARKET, BY TYPE (2016-2028)
TABLE 031. EUROPE AEROSPACE MATERIALS MARKET, BY AIRCRAFT TYPE (2016-2028)
TABLE 032. EUROPE AEROSPACE MATERIALS MARKET, BY APPLICATION (2016-2028)
TABLE 033. AEROSPACE MATERIALS MARKET, BY COUNTRY (2016-2028)
TABLE 034. ASIA PACIFIC AEROSPACE MATERIALS MARKET, BY TYPE (2016-2028)
TABLE 035. ASIA PACIFIC AEROSPACE MATERIALS MARKET, BY AIRCRAFT TYPE (2016-2028)
TABLE 036. ASIA PACIFIC AEROSPACE MATERIALS MARKET, BY APPLICATION (2016-2028)
TABLE 037. AEROSPACE MATERIALS MARKET, BY COUNTRY (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA AEROSPACE MATERIALS MARKET, BY TYPE (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA AEROSPACE MATERIALS MARKET, BY AIRCRAFT TYPE (2016-2028)
TABLE 040. MIDDLE EAST & AFRICA AEROSPACE MATERIALS MARKET, BY APPLICATION (2016-2028)
TABLE 041. AEROSPACE MATERIALS MARKET, BY COUNTRY (2016-2028)
TABLE 042. SOUTH AMERICA AEROSPACE MATERIALS MARKET, BY TYPE (2016-2028)
TABLE 043. SOUTH AMERICA AEROSPACE MATERIALS MARKET, BY AIRCRAFT TYPE (2016-2028)
TABLE 044. SOUTH AMERICA AEROSPACE MATERIALS MARKET, BY APPLICATION (2016-2028)
TABLE 045. AEROSPACE MATERIALS MARKET, BY COUNTRY (2016-2028)
TABLE 046. CARPENTER TECHNOLOGY CORPORATION: SNAPSHOT
TABLE 047. CARPENTER TECHNOLOGY CORPORATION: BUSINESS PERFORMANCE
TABLE 048. CARPENTER TECHNOLOGY CORPORATION: PRODUCT PORTFOLIO
TABLE 049. CARPENTER TECHNOLOGY CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. CONSTELLIUM SE: SNAPSHOT
TABLE 050. CONSTELLIUM SE: BUSINESS PERFORMANCE
TABLE 051. CONSTELLIUM SE: PRODUCT PORTFOLIO
TABLE 052. CONSTELLIUM SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. RIO TINTO GROUP: SNAPSHOT
TABLE 053. RIO TINTO GROUP: BUSINESS PERFORMANCE
TABLE 054. RIO TINTO GROUP: PRODUCT PORTFOLIO
TABLE 055. RIO TINTO GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. TORAY INDUSTRIES INC.: SNAPSHOT
TABLE 056. TORAY INDUSTRIES INC.: BUSINESS PERFORMANCE
TABLE 057. TORAY INDUSTRIES INC.: PRODUCT PORTFOLIO
TABLE 058. TORAY INDUSTRIES INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. ALCOA CORPORATION: SNAPSHOT
TABLE 059. ALCOA CORPORATION: BUSINESS PERFORMANCE
TABLE 060. ALCOA CORPORATION: PRODUCT PORTFOLIO
TABLE 061. ALCOA CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. TEIJIN LIMITED: SNAPSHOT
TABLE 062. TEIJIN LIMITED: BUSINESS PERFORMANCE
TABLE 063. TEIJIN LIMITED: PRODUCT PORTFOLIO
TABLE 064. TEIJIN LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. HEXCEL CORPORATION: SNAPSHOT
TABLE 065. HEXCEL CORPORATION: BUSINESS PERFORMANCE
TABLE 066. HEXCEL CORPORATION: PRODUCT PORTFOLIO
TABLE 067. HEXCEL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. AMG N.V.: SNAPSHOT
TABLE 068. AMG N.V.: BUSINESS PERFORMANCE
TABLE 069. AMG N.V.: PRODUCT PORTFOLIO
TABLE 070. AMG N.V.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. NOVELIS: SNAPSHOT
TABLE 071. NOVELIS: BUSINESS PERFORMANCE
TABLE 072. NOVELIS: PRODUCT PORTFOLIO
TABLE 073. NOVELIS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. HEXCEL: SNAPSHOT
TABLE 074. HEXCEL: BUSINESS PERFORMANCE
TABLE 075. HEXCEL: PRODUCT PORTFOLIO
TABLE 076. HEXCEL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. ALERIS CORPORATION: SNAPSHOT
TABLE 077. ALERIS CORPORATION: BUSINESS PERFORMANCE
TABLE 078. ALERIS CORPORATION: PRODUCT PORTFOLIO
TABLE 079. ALERIS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. ARCONIC INC.: SNAPSHOT
TABLE 080. ARCONIC INC.: BUSINESS PERFORMANCE
TABLE 081. ARCONIC INC.: PRODUCT PORTFOLIO
TABLE 082. ARCONIC INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. ALLEGHENY TECHNOLOGIES INCORPORATED: SNAPSHOT
TABLE 083. ALLEGHENY TECHNOLOGIES INCORPORATED: BUSINESS PERFORMANCE
TABLE 084. ALLEGHENY TECHNOLOGIES INCORPORATED: PRODUCT PORTFOLIO
TABLE 085. ALLEGHENY TECHNOLOGIES INCORPORATED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. ATI METALS: SNAPSHOT
TABLE 086. ATI METALS: BUSINESS PERFORMANCE
TABLE 087. ATI METALS: PRODUCT PORTFOLIO
TABLE 088. ATI METALS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. KAISER ALUMINUM: SNAPSHOT
TABLE 089. KAISER ALUMINUM: BUSINESS PERFORMANCE
TABLE 090. KAISER ALUMINUM: PRODUCT PORTFOLIO
TABLE 091. KAISER ALUMINUM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. VSMPO-AVISMA CORPORATION: SNAPSHOT
TABLE 092. VSMPO-AVISMA CORPORATION: BUSINESS PERFORMANCE
TABLE 093. VSMPO-AVISMA CORPORATION: PRODUCT PORTFOLIO
TABLE 094. VSMPO-AVISMA CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. KOBE STEEL LTD.: SNAPSHOT
TABLE 095. KOBE STEEL LTD.: BUSINESS PERFORMANCE
TABLE 096. KOBE STEEL LTD.: PRODUCT PORTFOLIO
TABLE 097. KOBE STEEL LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 097. TIMET (BERKSHIRE HATHAWAY INC.): SNAPSHOT
TABLE 098. TIMET (BERKSHIRE HATHAWAY INC.): BUSINESS PERFORMANCE
TABLE 099. TIMET (BERKSHIRE HATHAWAY INC.): PRODUCT PORTFOLIO
TABLE 100. TIMET (BERKSHIRE HATHAWAY INC.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. DUPONT DE NEMOURS INC.: SNAPSHOT
TABLE 101. DUPONT DE NEMOURS INC.: BUSINESS PERFORMANCE
TABLE 102. DUPONT DE NEMOURS INC.: PRODUCT PORTFOLIO
TABLE 103. DUPONT DE NEMOURS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 104. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 105. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 106. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. AEROSPACE MATERIALS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. AEROSPACE MATERIALS MARKET OVERVIEW BY TYPE
FIGURE 012. STEEL ALLOYS MARKET OVERVIEW (2016-2028)
FIGURE 013. TITANIUM ALLOYS MARKET OVERVIEW (2016-2028)
FIGURE 014. ALUMINIUM ALLOYS MARKET OVERVIEW (2016-2028)
FIGURE 015. SUPER ALLOYS MARKET OVERVIEW (2016-2028)
FIGURE 016. PLASTICS MARKET OVERVIEW (2016-2028)
FIGURE 017. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 018. AEROSPACE MATERIALS MARKET OVERVIEW BY AIRCRAFT TYPE
FIGURE 019. COMMERCIAL AIRCRAFT MARKET OVERVIEW (2016-2028)
FIGURE 020. BUSINESS & GENERAL AVIATION MARKET OVERVIEW (2016-2028)
FIGURE 021. MILITARY AIRCRAFT MARKET OVERVIEW (2016-2028)
FIGURE 022. HELICOPTERS MARKET OVERVIEW (2016-2028)
FIGURE 023. ROTORCRAFTS MARKET OVERVIEW (2016-2028)
FIGURE 024. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 025. AEROSPACE MATERIALS MARKET OVERVIEW BY APPLICATION
FIGURE 026. STRUCTURAL FRAMES MARKET OVERVIEW (2016-2028)
FIGURE 027. CABIN INTERIORS MARKET OVERVIEW (2016-2028)
FIGURE 028. PROPULSION SYSTEM MARKET OVERVIEW (2016-2028)
FIGURE 029. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 030. NORTH AMERICA AEROSPACE MATERIALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. EUROPE AEROSPACE MATERIALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. ASIA PACIFIC AEROSPACE MATERIALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. MIDDLE EAST & AFRICA AEROSPACE MATERIALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 034. SOUTH AMERICA AEROSPACE MATERIALS MARKET OVERVIEW BY COUNTRY (2016-2028)

Please Wait...

Frequently Asked Questions :

What would be the forecast period in the Aerospace Materials Market research report?

The forecast period in the Aerospace Materials Market research report is 2022-2028.

Who are the key players in Aerospace Materials Market?

Toray Industries, Inc. (Japan), Solvay S.A. (Belgium), DuPont de Nemours, Inc. (US), Alcoa Corporation (US), Teijin Limited (Japan), Allegheny Technologies Incorporated (US), Constellium SE (France), Kobe Steel, Ltd. (Japan), AMG N.V. (Netherlands), NOVELIS (US), Hexcel (US). and other major players.

What are the segments of the Aerospace Materials Market?

The Aerospace Materials Market is segmented into Type, Aircraft Type, Application, and region. By Type, the market is categorized into Steel Alloys, Titanium Alloys, Aluminum Alloys, Super Alloys, Plastics, and Others. By Aircraft Type the market is categorized into Commercial Aircraft, Business & General Aviation, Military Aircraft, Helicopters, Rotorcrafts, and Others. By Application, the market is categorized into Structural Frames, Cabin Interiors, Propulsion systems, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Aerospace Materials Market?

Aerospace materials are referred to as the materials which are utilized by the aircraft OEMs & component producers for creating various aircraft parts. The materials applied in airplane design have been constantly developing. Prior flights were primarily built of spruce and ash wood with muslin covering the wings, while today's airliners are produced mostly of aluminium with some structures made from steel.

How big is the Aerospace Materials Market?

The Global Aerospace Materials market was valued at USD 17.50 billion in 2021 and is expected to reach USD 26.66 billion by the year 2028, at a CAGR of 6.2%.