How has the aerospace materials market evolved, and where is it heading next?
The aerospace materials market size has grown strongly in recent years. It will grow from $36.53 billion in 2024 to $39.76 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased demand for air travel, and increasing military spending.
The aerospace materials market size is expected to see strong growth in the next few years. It will grow to $56.04 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to the increasing use of lightweight materials, rising government support, increased commercial aircraft deliveries, and rapid urbanization. Major trends in the forecast period include innovative products with a focus on structural film adhesives, a focus on advanced materials with improved strength and performance, advanced materials with 3d printing, a focus on investments in production capacities, and strategic partnerships and collaborations among market players.
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What are the key drivers behind the rapid expansion of the aerospace materials market?
The increasing use of lightweight materials is expected to increase the growth of the aerospace materials market. Using lightweight materials emphasizes the importance of selecting the right aerospace materials for specific applications. The materials used in aircraft must be able to withstand harsh conditions, such as atmospheric forces, temperature extremes, and ultraviolet rays. For example, in March 2023, Jamco Corporation, a Japan-based aircraft engines and engine parts company, highlighted its Venture Premium Class Seat, designed with sustainability in mind, while minimizing operational costs for airlines. Jamco’s Venture seat is made with a high amount of recycled material, is lighter than traditional seats, is easy to install, and requires less overall maintenance. Therefore, the increasing use of lightweight materials will support the growth of the aerospace materials market.
What is the segmentation for the aerospace materials market?
The aerospace materials market covered in this report is segmented –
1) By Type: Aluminum Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composites, Other Types
2) By Aircraft Type: Commercial Aircraft, Business and General Aviation, Civil Helicopters, Military, Other Aircraft Types
3) By Application: Interior, Exterior
Subsegments:
1) By Aluminum Alloys: 2xxx Series (Copper Alloys), 5xxx Series (Magnesium Alloys), 7xxx Series (Zinc Alloys)
2) By Steel Alloys: Carbon Steel Alloys, Stainless Steel Alloys, Tool Steel Alloys
3) ByTitanium Alloys: Alpha Alloys, Beta Alloys, Alpha-Beta Alloys
4) By Super Alloys: Nickel-Based Super Alloys, Cobalt-Based Super Alloys, Iron-Based Super Alloys
5) By Composites: Carbon Fiber Reinforced Polymers (CFRP), Glass Fiber Reinforced Polymers (GFRP), Aramid Fiber Composites
6) By Other Types: Magnesium Alloys, Hybrid Materials, Specialty Alloys
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Who are the most influential companies in the aerospace materials market?
Major companies operating in the aerospace materials market include Allegheny Technologies Incorporated, Arconic Corporation, Constellium SE, Hexcel Corporation, Solvay SA, Toray Industries Inc., Du Pont, Novelis Inc., Teijin Ltd., Materion Corp, Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), Tata Advanced Systems Limited (TASL), Aequs Aerospace, Dynamatic Technologies Limited, Mitsubishi Heavy Industries, Ltd., Kawasaki Heavy Industries, Subaru Corporation, Quickstep Holdings Limited, RUAG Australia, AVIC Shenyang Aircraft Company Ltd, Aecc Aviation Power Co., Ltd, China Shipbuilding Industry Company Ltd, Gaona Aero Material Co. Ltd, MTU Aero Engines, Diehl Aerospace, OHB SE, Premium AEROTEC, Dassault Aviation, Safran, Airbus Defence and Space, Indra Sistemas, Alestis Aerospace, Saab AB, Sukhoi Company, Gazprom Space Systems, Aerostar, IAR Ghimbav, Apollo Aerospace Components, AERO Vodochody, PBS Velká Bíteš, PZL Mielec, Lockheed Martin Corporation, The Boeing Company, Spirit AeroSystems, Inc, Magellan Aerospace, Avcorp Industries Inc, Héroux-Devtek, Kordsa, Turkish Aerospace Industries, Kenya Aerotech Limited, Aerosud Aviation (Pty) Ltd, Paramount Group, Cairo Aviation
What are the most influential trends expected to drive the aerospace materials market forward?
Major companies operating in aerospace materials manufacturers are focusing on developing, technological advancement such as RTM (Resin Transfer Molding) resin and rapid-cure prepreg for aerospace to enhance performance, reduce production times, and improve the efficiency of composite structures in aerospace applications. RTM (Resin Transfer Molding) resin and rapid-cure prepreg are advanced composite aerospace materials designed for the efficient production of lightweight, strong components, enabling quicker manufacturing processes while meeting the industry’s stringent performance and safety standards. For instance, in June 2023, Hexcel, a U.S-based industrial materials company launched HexPly M51 prepreg and HiFlow HF610F-2 resin. HexPly M51 Prepreg is a rapid-cure prepreg aerospace material that is fully compatible with automated processes like Automated Tape Laying (ATL) and Automated Fiber Placement (AFP). HiFlow HF610F-2 Resin is RTM (Resin Transfer Molding) resin suitable for high-rate manufacturing of small to medium-sized parts. These products are designed to enable higher production rates in aerospace materials.
What are the major regional insights for the aerospace materials market, and which region holds the top position?
The countries covered in the aerospace materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Aerospace Materials Market Report 2025 Offer?
The aerospace materials market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Aerospace materials refer to types of materials, often metal alloys or polymeric-based materials, that have been created specifically for aircraft application and are used in a variety of aerospace components because they have enhanced qualities such as high tensile strength, superior temperature tolerance, enhanced transparency, and a hard surface.
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