Aerospace Materials Market – Global Industry Analysis and Forecast (2023-2029)

Aerospace Materials Market is expected to reach USD 70.67 billion at a CAGR of 8.1% during the forecast period 2029.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report
Aerospace Materials Market Segment Analysis
Based on the Type, Aerospace Materials Market is classified into aluminium alloys, titanium alloys, steel alloys, composite materials, super alloys, and others. Aluminium alloys segment is expected to be one of the major contributors for the market growth during the forecast period due to the large demand for aluminium alloys from aircraft manufacturing industry globally.

The Aerospace Materials Market on the basis of aircraft type has been categorized into commercial aircraft, military aircraft, business & general aviation, helicopters, and others. Commercial aircraft segment is expected to hold one of the largest shares of the market during the forecast period. This growth is attributed to the increasing passenger transport and a rise in demand for commercial aircraft.

Major driving factors of the Aerospace Materials Market are increasing demand for aircraft, key players are focusing on compositing solutions to meet the need to reduce weight and raise the fuel efficiency, and aerospace industry is aiming to introduce innovation solution to save cost and time.
Regional Analysis:
Geographically, the Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to be one of the largest markets for aerospace materials during the forecast period. The U.S. is the major consumer of aerospace materials and the presence of top aircraft manufacturers such as Lockheed Martin, Boeing, and others in the region are driving the market growth.

The objective of the report is to present comprehensive analysis of Global market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global market dynamics, structure by analyzing the market segments, and project the Global  market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.
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Global Aerospace Materials Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 40.96 Bn.


Forecast Period 2023 to 2029 CAGR:
8.1%
Market Size in 2029:
US $ 70.67 Bn.


 Segments Covered:
by Type
1. Aluminium Alloys
2. Titanium Alloys
3. Steel Alloys
4. Composite Materials
5. Super Alloys
6. Others


by Aircraft Type
1. Commercial Aircraft
2. Military Aircraft
3. Business & General Aviation
4. Helicopters
5. Others


by Application
1. Interior
1.1. Passenger Seating
1.2. Galley
1.3. Interior
1.4. Panels
1.5. Others
2. Propulsion System
2.1. Airframe
2.2. Tail & Fin
2.3. Windows & Windshields



Aerospace Materials Market, by Region:
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players:
1. Toray Industries, Inc. (Japan)
2. Alcoa Corporation (U.S.)
3. Cytec Solvay group (Belgium)
4. Du Pont (U.S.)
5. Kobe Steel Ltd (Japan)
6. Teijin Ltd. (Japan)
7. ATI Metals. (US)
8. Aleris (US)
9. Constellium N.V (Netherlands)
10. AMG N.V (Netherlands)
Frequently Asked Questions:
1. Which region has the largest share in Global Aerospace Materials Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Aerospace Materials Market?
Ans: The Global Aerospace Materials Market is growing at a CAGR of 8.1% during forecasting period 2023-2029.

3. What is scope of the Global Aerospace Materials market report?
Ans: Global Aerospace Materials Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Aerospace Materials market?
Ans: The important key players in the Global Aerospace Materials Market are – Toray Industries, Inc. (Japan), Alcoa Corporation (U.S.), Cytec Solvay group (Belgium), Du Pont (U.S.), Kobe Steel Ltd (Japan), Teijin Ltd. (Japan), ATI Metals. (US), Aleris (US), Constellium N.V (Netherlands), and AMG N.V (Netherlands).

5. What is the study period of this market?
Ans: The Global Aerospace Materials Market is studied from 2022 to 2029.