Global Aerospace Lightweight Materials Market Growth 2023-2029

Global Aerospace Lightweight Materials Market Growth 2023-2029

In aerospace industry, development of new materials with reduced weight, improved application specific performance and reduced cost has a significant importance. Increasing demand for these characteristics are expected to have a positive impact the global aerospace lightweight materials market. A one-piece design reduces the number of components in overall assemblies, which ultimately reduces the material costs and the total number of components. However, the setup, work holding and surface finish is still difficult to achieve. Designers, engineers, machinists and machine or cutting tool partners are continuously developing new solutions to achieve this target. The mix of materials in aerospace industry is expected to continually change in coming years with new technologies in composites and metals.

LPI (LP Information)' newest research report, the “Aerospace Lightweight Materials Industry Forecast” looks at past sales and reviews total world Aerospace Lightweight Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Aerospace Lightweight Materials sales for 2023 through 2029. With Aerospace Lightweight Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aerospace Lightweight Materials industry.

This Insight Report provides a comprehensive analysis of the global Aerospace Lightweight Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aerospace Lightweight Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aerospace Lightweight Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aerospace Lightweight Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aerospace Lightweight Materials.

The global Aerospace Lightweight Materials market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The global aerospace lightweight materials market is expected to increase at a significant pace due to increasing demand for properties such as high fuel efficiency and high temperature resistance. Moreover, the global aerospace lightweight materials market is anticipated to increase due to the implementation of stringent regulations over carbon emissions across the globe. Easy machining, high strength, low density and high thrust-to-weight ratio in aircraft engines is expected to drive the demand for titanium aluminide (TiAl) and aluminum lithium (Al-Li) over the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Aerospace Lightweight Materials market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Aluminum Alloys
Titanium Alloys
Stainless Steel
Nickel Alloys

Segmentation by application
Business Aircraft
Commercial Aircraft
Missiles and Munitions
Engines
Military Fixed Wing
General Aviation
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
ASM International
Alcoa
Du Pont
Teijin Limited
Cytec Industries
Toray Industries
ATI Metals

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aerospace Lightweight Materials market?

What factors are driving Aerospace Lightweight Materials market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Aerospace Lightweight Materials market opportunities vary by end market size?

How does Aerospace Lightweight Materials break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.