USD 41.6 Billion
Aerospace Materials Market Size, Share, and Growth Analysis
Aerospace Materials Market By Type (Aluminum Alloys, Composite Materials), By Aircraft Type (Commercial Aircraft, Military Aircraft), By Application (Interior, Propulsion Systems), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG20A2265 |
Region:
Global |
Published Date: November, 2024
Pages:
203
|Tables:
125
|Figures:
72
Format -
Aerospace Materials Market Insights
Aerospace Materials Market size was valued at USD 41.6 Billion in 2023 and is poised to grow from USD 45.3 Billion in 2024 to USD 89.6 Billion by 2032, growing at a CAGR of 8.90% during the forecast period (2025-2032).
Tourism increasingly contributes to the growth of air travel as it is matched by an increase in business trips. Most, if not all, commercial aircraft are made from aerospace materials due to their cost-effectiveness, ease of processing, and lower maintenance. The application of the product in military aircraft -- including that of fighter planes, helicopters, and unmanned aerial vehicles (UAVs) -- besides the role it plays in ensuring strength, durability, and excellent performance characteristics, is also inducing the growth of the market. Stringent government regulations catalyze the growth of the industry since they maintain the highest safety and security standards in general aviation.
The market is expected to witness an upsurge mainly due to some other reasons, like the fast-commodifying pace of military modernization efforts, increasing investments in the development of innovative materials, and the ever-increasing emphasis on greening. Most aerospace materials apply for airplane seat upholstery and textiles to ensure passenger comfort, durability, and maintainability. They even have anti-microbial features and fire resistance that must ensure high safety standards and a comfortable and clean seating area. Additionally, the market is expanding as a result of the extensive use of products in aircraft carpets and floors to reduce cabin noise and provide a more peaceful and comfortable flying environment.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Aluminum Alloys
Fastest Growth
Composite Materials
Growth Rate
8.90% CAGR
Global Aerospace Materials Market ($ Bn)
Country Share by North America (%)
To get more reports on the above market click here to Buy The Report
Aerospace Materials Market Segments Analysis
Global Aerospace Materials Market is segmented by Type, Aircraft Type, and region. Based on Type, the market is segmented into Aluminum Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composite Materials, and Others. Based on Aircraft Type, the market is segmented into Commercial Aircraft, Military Aircraft, Business & General Aviation (BGA), Helicopter, and Other Aircraft Types. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
As per categorization by type, the market is classified as aluminum alloys, steel alloys, titanium alloys, superalloys, composite materials and others. Among these, aluminum alloys earned the largest global aerospace materials market share. Various aluminum alloys reign supreme in the global aerospace materials market, owing to uniquely high strength-to-weight ratios, corrosion resistance, and the ability to be fabricated easily. High-strength aluminum alloys-most recently including those heat-treated or incorporated with titanium composites-are the benchmarks for performance requirements in demanding aerospace applications. Making up to date light-weight aluminum alloy will contribute to fuel efficiency favoring aircraft manufacturers. It would thus support its continued domination over commercial and military aerospace sectors and further enhance the evolving market.
Composite materials are poised to become the fastest-growing segment in the global aerospace materials market due to their superior strength-to-weight ratio, durability, and fuel efficiency benefits. Carbon fiber-reinforced polymers (CFRP) and glass fiber composites are being faster adopted by aircraft manufactures than ever. This is meant for improving performance as well as enhancing fuel efficiency, they are now almost critical in achieving environmental goals and meeting cost-saving objectives. It is these materials which give such excellent resistance to corrosion and fatigue far more than traditional metals. This ideal makes them for commercial and military applications. An increasing demand for such aircraft that provide efficiency, and environmental benefits will mark the dawn of composites in future aerospace manufacture.
Analysis by Aircraft Type
Commercial aircraft are at the forefront of innovation in the global aerospace materials market, with a growing focus on lightweight, fuel-efficient materials such as advanced aluminum alloys and composite materials like carbon fiber-reinforced polymers (CFRP). Innovations in laboratories, together with that of 3D printing and new age materials, will create possibilities of lower maintenance costs and improved environmental performance. Commercial aircraft will continue dominating the marketplace on account of very high demand for improvement travel solutions being efficient and sustainable in the aviation industry. Moving forward, with deepening focus from airlines on operating cost reductions along with stringent environmental regimens, the commercial aircraft would continue to affect production and technology developments in the market.
Military aircraft are expected to be the fastest-growing segment in the global aerospace materials market due to increasing defense budgets and the rising demand for advanced, high-performance aircraft. Innovations in such materials as titanium alloys, micro motive-strong composites, and stealth coatings make it feasible to construct military aircraft characterized by higher top speed, agile maneuvers, greater endurance, and decreased weight. Such a demand for advanced aircraft necessarily comes along with more specialized materials for stealth application and energy efficiency. Indeed, the military aerospace sector is expected to grow by leaps and bounds as next-generation military fighter aircraft and transport planes are expected to fly across the world, in addition to role dispensation influenced by the proliferation of military drones.
Global Aerospace Materials Market By Bearing Type (%)
To get detailed analysis on other segments, Request For Free Sample Report
Aerospace Materials Market Regional Insights
North America dominates the global aerospace materials market due to its well-established aerospace industry, led by major manufacturers like Boeing, Lockheed Martin, and Northrop Grumman. Defense and commercial aviation are the prominent sectors within the region; along with massive investments in R&D, the aforementioned aspects promote innovation in high-performance materials, namely composites, aluminum alloys, and titanium. Moreover, the U.S. and Canada enjoy strong government support and defense contracts with a great workforce. North America shall continue to lead in the global market of aerospace materials by provision of a strategic geographical location, advanced manufacturing capabilities, and commitment towards sustainability and technological advancements.
Europe is the fastest-growing region in the global aerospace materials market due to its strong aerospace manufacturing base, led by industry giants like Airbus and Rolls-Royce. The climatic condition promisingly associates the increasing trend in the demand for new advanced materials such as composites and lightweight alloys for next-generation engines in improving fuel-efficient, multitasking, and environment-friendly aircraft. Europe's commitment to sustainability, innovation, and the development of next-generation aircraft technology aligns with global environmental goals. Additionally, European governments are investing in cutting-edge research and development, and the region benefits from a collaborative aerospace ecosystem, making Europe a key player in the expansion of the global aerospace materials market outlook.
Global Aerospace Materials Market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Aerospace Materials Market Dynamics
Aerospace Materials Market Drivers
Technological Advancements in Materials Science
-
Technological developments in materials science with respect to aircraft are the main drivers for the global aerospace materials market growth. They include innovations such as advanced composites, titanium alloys, and 3D printing technologies, giving aeronautics the capacity to develop lighter, stronger, and more fuel-efficient craft. These innovations are aimed at operating cost reduction, complying with more stringent environmental regulations, and thus provoking market growth.
Growing Demand for Fuel Efficiency
-
The increase in the necessity for fuel-efficient and eco-friendly aircraft is driving the aerospace materials marketplace. Lightweight and durable materials such as carbon fiber composites are being more embraced by airlines and manufacturers to realize aircraft weight reduction while improving the fuel economy and reducing emissions as per sustainability goals and hence contribute to market expansion.
Aerospace Materials Market Restraints
Manufacturing and Precision Requirements Complexity
-
The high degree of complexity involved in the manufacture of advanced aerospace materials-a prerequisite for stringent quality-control measures and precision making them restrictive in the global aerospace materials market. Specialized production processes-such as those used for making composite parts and the manufacture of alloys-demand high levels of expertise, time, and investment, which could prove to be a disincentive to adoption for use in aircraft construction.
Limited Recycling and Sustainability
-
Market growth is restrained due to less sustainability and recycling options in aerospace materials, primarily composites and titanium alloys. As the industry seeks to make improvements in terms of environmental impact reduction, the inability to recycle effectively these high-performance materials creates additional hurdles toward sustainability and inconvenience for manufacturers working toward green initiatives.
Request Free Customization of this report to help us to meet your business objectives.
Aerospace Materials Market Competitive Landscape
The global aerospace materials market around the world is very competitive in nature, where all major participants concentrate being innovative, qualitative and green. Most of the global companies such as Boeing, Airbus, Lockheed Martin, Northrop Grumman, Rolls-Royce, and Safran all keep commanding the market by developing various kinds of advanced materials including composites, aluminum alloys, and titanium. These companies have earned a lot in research and development to enhance fuel efficiency, lower costs, and improve performance. Strategic alliances and technology advancements are further driving this growing sector's competition.
Top 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 (Luxembourg)
- Kobe Steel, Ltd. (Japan)
- AMG Advanced Metallurgical Group NV (Netherlands)
- Novelis (US)
- Hexcel (US)
- VSMPo-Avisma (Russia)
- Titanium Metals Corporation (US)
- UST-Kamenogorsk Titanium and Magnesium Plant (UKTMP) (Kazakhstan)
- Thyssenkrupp Aerospace (Germany)
- Koninklijke Ten Cate BV (Netherlands)
- Materion Corporation (US)
- Sofitec (France)
- Aerospace Materials Systems (US)
- Tata Advanced Materials Limited (India)
- Hindalco-Almex Aerospace Limited (India)
- Renegade Materials Corporation (US)
- LEE Aerospace Inc. (US)
- Park Aerospace Corp. (US)
- AVDEL Private Limited (India)
- SGL Carbon (Germany)
- Kaiser Aluminum (US)
- Avicnet Co. Inc. (China)
Recent Developments
- In September 2024, Through an advanced carbon fiber, new lightweight composite material specifically meant to enhance the fuel efficiency in commercial aircraft has been developed. This material, which reduces weight while meeting strength and durability specifications, will reduce operating cost while supporting the sustainability goal of aviation for which it is destined.
- In August 2024, Rolls-Royce unveiled a new heat-resistant alloy fabricated particularly for high-performance engines. The advanced material is the result of collaboration with leading universities and was aimed at greatly improving the overall engines' efficiencies and life. This advancement would be the game-changer in the upgrade of several propulsion systems in aerospace for the next generation, placing it in a good position to meet tomorrow's burgeoning needs for fuel-efficient, eco-friendly aerospace technologies.
- In July 2024, The new range of titanium alloys offered by Safran is set up for aerospace applications and designed to have high temperature and chemical resistance; well suited for turbine engine components in the making. These alloys are expected to improve performance as well as service life of the turbine engine components. Such an advancement is expected to improve fuel economy and meet the increasing demand for lightweight, strong materials for aerospace applications.
Aerospace Materials Key Market Trends
- Shift Toward Lightweight Composite Materials: Lightweight composite materials are being increasingly demanded in the aerospace industry, such as carbon fiber-reinforced polymers. These materials reduce aircraft weight, enhance fuel efficiency, and improve performance. The trend is driven by environmental concerns, regulatory pressures, and airlines’ desire to cut operational costs.
- Growing Focus on Sustainability and Recycling: There is an increasing demand for eco-friendly smart city solutions as cities focus on sustainability. Platforms incorporating renewable energy, energy-efficient buildings, and waste management systems are gaining traction, helping cities meet carbon reduction goals and improve environmental quality, while also driving innovation in urban development.
Aerospace Materials Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global aerospace materials industry is undergoing sustainable growth, as fuel-efficient and more sustainable aircraft are becoming increasingly popular. The use of advanced materials, such as aluminum alloys and composites, is also continually increasing. Technological advances and government regulations, in addition to innovation in material science, also drive growth in the market.
As the aerospace industry moves towards a green and high-performance material application, the newer application opportunities in commercial and military sectors will continue to keep the growth of market expansion in the future. With regional heads such as North America and Europe leading the way, the future of the market seems set to look more promising with increasing investments and innovations in material technology.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 41.6 Billion |
| Market size value in 2032 | USD 89.6 Billion |
| Growth Rate | 8.90% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aerospace Materials Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aerospace Materials Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aerospace Materials Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aerospace Materials Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aerospace Materials Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aerospace Materials Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Aerospace Materials Market Report Snapshots
REQUEST FOR SAMPLE
Want to customize this report?
REQUEST FREE CUSTOMIZATION
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
