Global Aerospace and Defense Materials Market - Industry Trends and Forecast to 2030
Global aerospace and defense materials market is expected to reach USD 47,088,723.13 thousand by 2030 from USD 29,513,164.78 thousand in 2022, growing at a CAGR of 6.7% in the forecast period of 2023 to 2030.
Market SegmentationGlobal 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 (U.S., Canada, and Mexico, France, Germany, U.K., Spain, Italy, Russia, Switzerland, Netherlands, Turkey, Belgium and Rest of Europe, China, India, Japan, South Korea, Singapore, Australia & New Zealand, Malaysia, Philippines, Thailand, Indonesia and Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, Saudi Arabia, United Arab Emirates, South Africa, Israel, Egypt and Rest of Middle East and Africa) - 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 global aerospace and defense materials market are listed below:
• Hindalco Industries Ltd.
• Tata Advanced Systems Limited
• Materion Corporation
• PARK AEROSPACE CORP.
• TEIJIN LIMITED.
• TORAY INDUSTRIES, INC.
• 3M
• Huntsman International LLC.
• Safran, Arkema
• Solvay
• Rogers Corporation
• Alcoa Corporation
• Arconic
• Hexcel Corporation
• Constellium
• AMG TITANIUM
• SGL Carbon
• DuPont
• SABIC