Aerospace Materials Market Size

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.