Composite Materials Aluminum Alloys Aerospace Market Report 2025

The composite materials aluminum alloys aerospace market size has grown rapidly in recent years. It will grow from $31.9 billion in 2024 to $35.53 billion in 2025 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to increased air traffic, increased travel and tourism, population growth, rise in disposable income, growth of the aviation industry.

The composite materials aluminum alloys aerospace market size is expected to see rapid growth in the next few years. It will grow to $53.28 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to emerging market demand, fuel-efficient airframe designs, sustainable aviation materials, market entry of new players, and growing need for commercial aircrafts. Major trends in the forecast period include 3D printing and additive manufacturing, electrification of aircraft, technological advancements,integration of digital technologies and supply chain optimization, and strategic collaborations.

The growth of the composite materials aluminum alloys aerospace market is anticipated to be propelled by an increasing preference among consumers for flight transportation. Flight transportation, encompassing the movement of people and goods through controlled flight modes, is witnessing heightened demand. Aluminum alloys, known for their high strength and corrosion-resistant properties, are favored materials in aerospace designs. Additionally, their relatively lower weight compared to steel contributes to enhanced fuel efficiency and increased carrying capacity for aircraft. Notably, the International Air Transport Association (IATA) reported a substantial global increase of 76% in passenger traffic in March 2022 compared to the same period in 2021, with China experiencing an 11.7% rise in domestic air traffic during the same month. This surge in consumer preference for flight transportation is consequently boosting the demand for composite materials and aluminum alloys in the aerospace market.

The composite materials aluminum alloys aerospace market is poised for growth due to the escalating demand for commercial aircraft. Commercial aircraft, designed for the transportation of passengers and cargo, extensively incorporate composite materials and aluminum alloys. These materials offer advantages such as weight reduction, increased strength, durability, corrosion resistance, and design flexibility. They also contribute to reduced maintenance needs and improved fuel efficiency. Airbus SE reported a significant increase in commercial aircraft sales, with 202,184 aircraft sold to clients in 2022, marking an 8% rise from the previous year. The backlog includes 7,239 aircraft, and there are 1,078 gross commercial orders (820 net). This growing demand for commercial aircraft is a key driver behind the upward trajectory of the composite materials aluminum alloys aerospace market.

Major companies in the composite materials aluminum alloys aerospace market are creating innovative products. NASA Alloy GRX-810 is a groundbreaking superalloy specifically engineered for additive manufacturing in aerospace applications, recognized for its outstanding mechanical properties, thermal stability, and corrosion resistance, making it suitable for extreme environments. For example, in April 2022, the National Aeronautics and Space Administration (NASA), a US-based government agency, developed a new metal alloy through a 3D printing process that significantly enhances the strength and durability of components and parts used in aviation and space exploration, resulting in improved and longer-lasting performance. NASA Alloy GRX-810, an oxide dispersion strengthened (ODS) alloy, can withstand temperatures exceeding 2,000 degrees Fahrenheit, is more malleable, and can last over 1,000 times longer than existing state-of-the-art alloys.

Major players in the composite materials aluminum alloys aerospace sector are adopting a strategic partnership approach to address the intricate demands of the aerospace market and deliver various benefits. Strategic partnerships involve leveraging the strengths and resources of each participating company to achieve mutual success. An illustrative example is the partnership between Solvay, a Belgium-based chemical manufacturing company, and Red Hat Inc., a US-based aerospace company, announced in October 2023. This collaboration aims to supply advanced composite materials for BETA's electric aircraft, engage in joint development efforts for new composite materials targeting the advanced air mobility (AAM) market, and reinforce their positions within the AAM sector.

In another strategic move within the industry, LifePort LLC, a US-based aircraft manufacturer, undertook the acquisition of Aeromatrix Composites in July 2023. This acquisition, executed for an undisclosed amount, reflects LifePort LLC's strategic objectives. The company aims to achieve vertical integration within its aircraft solutions business, broaden its product portfolio, and tap into Aeromatrix's expertise in advanced materials. Aeromatrix Composites, the US-based aerospace composite manufacturing company being acquired, specializes in providing aerospace composite materials. This strategic acquisition is envisioned to enhance LifePort LLC's capabilities and competitiveness in the aerospace market.

Major companies operating in the composite materials aluminum alloys aerospace market include Toray Industries Inc., Koninklijke Ten Cate B.V., Teijin Limited, Renegade Materials Corp., Materion Corp., HEXEL Works Inc., Solvay S.A., Mitsubishi Rayon Co. Ltd., SGL Group, Alcoa Corporation, Constellium SE, Kobe Steel Ltd., Novelis Inc., AMG Critical Materials NV, Allegheny Technologies Incorporated, Kaiser Aluminum Corporation, Arconic Inc., Precision Castparts Corp., Thyssenkrupp Aerospace India Pvt Ltd., United Aluminum Corporation, BAE Systems, Bombardier Inc., GE Aviation, Honeywell Aerospace, Pratt & Whitney, Rolls-Royce Holdings plc, The Boeing Company, Airbus SE, Lockheed Martin Corporation, Spirit AeroSystems Inc., Triumph Group Inc., Safran S.A.

Composite materials in the aerospace industry, specifically aluminum alloys, refer to advanced materials utilized for structural applications and components in aircraft and spacecraft. These materials are created by combining substances with different physical and chemical properties. Aluminum alloys are particularly favored in aerospace designs due to their excellent corrosion resistance and high strength.

The primary composite materials used in aerospace applications include aluminum alloys, titanium alloys, steel alloys, and various composites. Aluminum alloys, featuring zinc as the primary alloying element, are known for their strength, good fatigue resistance, and satisfactory machinability. The product range encompasses carbon fiber composite materials, glass fiber composite materials, aramid fiber composite materials, and others, with applications spanning commercial aircraft, business and general aviation, military aircraft, helicopters, and more.

The composite materials aluminum alloys aerospace market research report is one of a series of new reports that provides composite materials aluminum alloys aerospace market statistics, including global market size, regional shares, competitors with composite materials aluminum alloys aerospace market share, detailed composite materials aluminum alloys aerospace market segments, market trends, and opportunities, and any further data you may need to thrive in the composite materials aluminum alloys aerospace industry. This composite materials aluminum alloys aerospace market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

North America was the largest region in the composite materials aluminum alloys aerospace market in 2024. North America is expected to be the fastest growing region in the forecast period. The regions covered in the composite materials aluminum alloys aerospace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the composite materials aluminum alloys aerospace market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The composite materials aluminum alloys aerospace market consists of sales of technical and industrial grade composite aluminum alloy materials for aerospace. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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