APAC Aerospace and Defense Materials Market - Industry Trends and Forecast to 2031
Asia-Pacific aerospace and defense materials market is expected to reach USD 10,433,171.21 thousand by 2030 from USD 6,333,525.16 thousand in 2022, growing at a CAGR of 6.6% in the forecast period of 2023 to 2030.
Market Segmentation:
Asia-Pacific Aerospace and Defense Materials Market, By Product (Aluminium Alloys, Composites, Heat-Resistant Alloys, Plastics And Polymers, Super Alloys, Ceramics, Steel, Nanocomposites, Graphene, and Others), Application (Aircraft Structural Frames/Aerostructure, Propulsion Systems, Components, Cabin Interiors, Satellite, Construction And Insulation Components, and Others), End-Use (Commercial, Military, Business and General Aviation, and Others), Country (China, India, Japan, South Korea, Singapore, Australia, New Zealand, Malaysia, Philippines, Thailand, Indonesia, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2030
DRIVERS
• Rising positive outlook toward lightweight and high strength materials
• Rapid growth in the worldwide civil aviation sector
RESTRAINT
• Difficulty of integrating advanced materials into aging aircraft
OPPORTUNITIES
• Exploration and innovation in cutting-edge high-performance materials
• Incorporating additive manufacturing for the efficient fabrication of aerospace and defense parts
Market Players:
Some of the key market players operating in the Asia-Pacific aerospace and defense materials market are listed below:
• Hindalco Industries Ltd.
• Tata Advanced Systems Limited
• TEIJIN LIMITED.
• TORAY INDUSTRIES, INC.
• 3M
• Huntsman International LLC.
• Safran
• Arkema
• Alcoa Corporation
• Arconic
• Hexcel Corporation
• SGL Carbon
• DuPont
• SABIC