Global Aerospace Materials Market Research Report 2024(Status and Outlook)

Global Aerospace Materials Market Research Report 2024(Status and Outlook)

Report Overview

Aerospace materials refer to the specialized substances and components used in the design, manufacturing, and maintenance of aircraft, spacecraft, and other aerospace vehicles. These materials are chosen for their unique properties, which allow them to withstand the extreme conditions encountered in aerospace environments.

The global Aerospace Materials market size is projected to reach US$ 85638.02 Million by 2029 from US$ 49211.81 million in 2022 at a CAGR of 8.67% during 2023-2029. Under the growing air passenger traffic, the demand for general and commercial aircraft Increase will be the core driving force for market development. Rising air passenger traffic, driven by factors such as rising disposable income, urbanization, and tourism, is fueling demand for new aircraft. Growth in aircraft production creates parallel demand for aerospace materials to meet the industry's stringent safety, performance and durability requirements. Over the past few years, the aviation industry has witnessed an increasing demand for new aircraft types. Governments around the world are investing heavily in new fleets to meet the growing needs of their citizens. In addition, several airlines are expanding their operations by launching new routes and purchasing new aircraft. These factors are expected to drive the growth of the aerospace materials market in the coming years.

In addition, factors such as increasing demand for lighter materials, growth of unmanned aircraft, advancements in manufacturing technology, and increased demand for aircraft and defense equipment are expected to be significant drivers for the growth of the aerospace materials market.

Segment by Type, the Aerospace Materials can be split into Aluminum Alloys, Steel Alloys, etc. Currently, the Aluminum Alloys sector occupies the most important market share of aerospace materials. In 2022, the market share of the Aluminum Alloys sector will exceed 60.27%, significantly ahead of other materials. While other materials such as titanium, composites, and superalloys also play an important role in aerospace applications, aluminum alloys continue to dominate due to their good performance, cost-effectiveness, and mature supply chain. However, it is worth noting that the aerospace industry is constantly exploring and adopting new materials and technologies to further improve the performance, fuel efficiency and sustainability of aircraft designs. The market size of the Titanium Alloys segment will expand at the highest rate at a CAGR of 13.63% during the forecast period.

From the perspective of application, the aerospace materials market can be divided into two major uses: Commercial Aircraft and Military Aircraft. With its large-scale production and demand, commercial aircraft contributes the most revenue to the market, and has occupied more than 80% of the market share. The aerospace industry follows strict regulatory standards in terms of safety, performance and environmental impact. Commercial aircraft manufacturers continually strive to meet or exceed these standards, which often involves the use of specific aerospace materials that exhibit high strength, durability, fire and corrosion resistance. Compliance requirements drive demand for specialty materials and provide revenue-generating opportunities for aerospace material suppliers.

On basis of geography, the Aerospace Materials market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa, etc. Europe currently dominates the Aerospace Materials market and has captured 45.43% of the market share . Europe has a long tradition and expertise in aerospace manufacturing. Countries such as France, Germany and the UK have a strong presence in the aerospace sector, with established aircraft manufacturers, suppliers and research institutes. The booming aerospace industry in Europe drives the demand for aerospace materials, including aluminum alloys, titanium alloys, composites, and other advanced materials. But the Asia-Pacific market will grow at the highest rate during the forecast period. Countries such as China, India and Japan are investing heavily in developing their aerospace industries. They are focused on building aircraft manufacturing capabilities and expanding the aerospace supply chain. Hence, these countries have a growing demand for aerospace materials to support the production of aircraft components and structures.

Currently, in 2022, the CR5 and HHI of the Aerospace Materials market are 19.00% and 0.81%, respectively, which shows that the market concentration is very low, and major, medium and small manufacturers are still in fierce competition. Key players in the market include Precision Castparts Corporation, Arconic, Rio Tinto Alcan, ATI Metals, Solvay S.A., Thyssenkrupp Aerospace, Materion, Rusal, Hexcel, Toray Industries, Kobe Steel, AMG, Kaiser Aluminum, VSMPO-AVISMA, Carpenter, Constellium, NOVELIS, AMETEK Inc, BaoTi, Aperam, NSSMC Group, Toho Titanium, Teijin Limited, Mitsubishi Chemical Holdings Corporation, AMI Metals, Saudi Basic Industries Corporation, VDM Metals, Baosteel Group, Doncasters Group Ltd, DuPont de Nemours Inc.

This report provides a deep insight into the global Aerospace Materials market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Aerospace Materials Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Aerospace Materials market in any manner.

Global Aerospace Materials Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Precision Castparts Corporation

Arconic

Rio Tinto Alcan

ATI Metals

Solvay S.A.

Thyssenkrupp Aerospace

Materion

Rusal

Hexcel

Toray Industries

Kobe Steel

AMG

Kaiser Aluminum

VSMPO-AVISMA

Constellium

Carpenter

NOVELIS

AMETEK Inc

BaoTi

Aperam

NSSMC Group

Toho Titanium

Teijin Limited

Mitsubishi Chemical Holdings Corporation

AMI Metals

Saudi Basic Industries Corporation

VDM Metals

Baosteel Group

Doncasters Group Ltd

DuPont de Nemours Inc

Market Segmentation (by Type)

Aluminium Alloys

Steel Alloys

Titanium Alloys

Magnesium Alloys

Composite Materials

Others

Market Segmentation (by Application)

Commercial Aircraft

Military Aircraft

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Aerospace Materials Market

Overview of the regional outlook of the Aerospace Materials Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Aerospace Materials Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.