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Aerospace and Defense Materials - Global Strategic Business Report

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    Report

  • 769 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5301741
The global market for Aerospace and Defense Materials is estimated at US$24.2 Billion in 2023 and is projected to reach US$34.8 Billion by 2030, growing at a CAGR of 5.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the aerospace and defense materials market is driven by several factors. Firstly, the increasing demand for fuel-efficient and lightweight aircraft is a major driver, prompting the adoption of advanced materials. Secondly, the rising investments in defense systems and the need for high-performance materials in military applications are boosting market growth. Thirdly, advancements in material science and the development of new materials with superior properties are expanding the range of applications.

Additionally, the growth of the commercial aviation sector and the increasing production of aircraft are contributing to the demand for aerospace materials. Furthermore, the adoption of additive manufacturing technologies is enabling the production of innovative and complex components. Lastly, government initiatives and investments in aerospace and defense research are further driving the development and adoption of advanced materials in the industry.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Composites segment, which is expected to reach US$14.5 Billion by 2030 with a CAGR of a 6.0%. The Aluminum Alloys segment is also set to grow at 4.8% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $7.7 Billion in 2023, and China, forecasted to grow at an impressive 7.6% CAGR to reach $4.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Aerospace and Defense Materials Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Aerospace and Defense Materials Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Aerospace and Defense Materials Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Alcoa Corporation, 3M Company, Arkema Group, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 196 Featured):

  • Alcoa Corporation
  • 3M Company
  • Arkema Group
  • AMG Advanced Metallurgical Group N.V.
  • Aperam SA
  • Arconic, Inc.
  • Arnold Magnetic Technologies
  • Advanced Composites, Inc.
  • Alcast Technologies Ltd.
  • Argosy International Inc.
  • Avdel (India) Pvt. Ltd.
  • Aluminum Die Cast Co., Inc.
  • AirMetals, Inc.
  • Atlas Composite Technologies Ltd.
  • Avient Corp.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Aerospace Materials: An Introductory Prelude
  • Material Mix Evolves as Fuel Economy Throws the Spotlight on Aircraft Lightweighting
  • Competition
  • Aerospace and Defense Materials - Global Key Competitors Percentage Market Share in 2024 (E)
  • Materials Used in Aircraft Manufacturing
  • Market Outlook
  • US Dominates the Market
  • Asia-Pacific as Powerful Engine for Aviation Industry & Related Materials
  • India Emerges as a Lucrative Market
  • Recent Market Activity
WORLD BRANDS
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Slow Recovery in Commercial Aviation Sector Presents Opportunities
  • Global Commercial Aircraft New Deliveries by Aircraft Type (2022-2041)
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
  • Global Aircraft Deliveries by Region: 2021-2040
  • Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities
  • Passenger Traffic as Share of 2019 by Country for 2021-2025
  • Number of Scheduled Passengers Boarded by Airlines Worldwide industry (In Million) for Years 2018 Through 2023
  • Spending Patterns in the Defense Sector to Strengthen Growth Prospects
  • Global Military Expenditure in US$ Billion (2016-2023)
  • World Steps Up Military Spending in the Wake of the Russia Ukraine War,
  • Rising Demand for Fixed Wing Fighter Aircraft Bodes Well
  • Military Aircraft Supply Chain to Benefit from the Unfortunate State of Global Geo-Political Affairs: Military Spending by Top Countries in 2023 (In US$ Billion
  • Growth of Low-Cost Carriers: An Opportunity for Aerospace Materials Market
  • LCC Short Haul Market as % of Total Seat Capacity by Region
  • Business & General Aviation Segment Poised to Lead Future Growth in the Aerospace Materials Market
  • Global Private Jet Aircraft Industry in US$ Billion: 2021 & 2028
  • Global General Aviation Market: Revenue Share (in %) by Aircraft Type: 2023
  • Smart Materials & 3D Printing Gain Spotlight
  • List of Select 3D Printing Materials for Aerospace Applications
  • Aging Aircraft Expand Opportunities for Engineering Materials
  • Aging Aircraft & the Ensuing Need to Ensure Airworthiness of Older Airplanes to Spur Opportunities in the MRO Services Market: Average Age (in Years) of Globally Operating Aircraft Fleet for 2020 & 2030
  • Aerospace Industry to Scale New Heights with Innovative, Green Materials
  • Composites: The Dominant Aerospace Material Category
  • Challenges and Future prospects
  • Promising Composites for Aerospace Applications
  • Progressive Expansion in Use Case Results in Composites Evolving as Mainstream Aerospace Material
  • Composites Make Up for About Half of Total Weight of Modern Aircraft: Percentage Breakdown of Structural Weight Composition by Material for Airbus 350XWB and Boeing 787
  • Evolution of Composite Materials as % of Aircraft Mass for Select Fighter Aircrafts
  • Players Introduce Innovations in Composites Space
  • Nanocomposites Evolve into Advanced Solutions in Aircraft Construction
  • Carbon Continues to Make Gains as Best-in-Class Aerospace Composites Material
  • Asian Companies Dominate Aerospace-Grade Carbon Fiber Production
  • Carbon Fiber Composites Find Favor in Aircraft Interiors
  • Emergence of New & Unconventional Composites for Use in Aircraft Interiors
  • Demand for Polymer Matrix Composites Gain Momentum
  • Aerospace Tapes: An Innovative Product
  • Composites not the Panacea for Better Aircraft Manufacture as There are Few Disadvantages As Well
  • Growing Use of Composites in Airframes Challenge MRO Providers to Seek for Improved Tools and Techniques
  • Graphene: The Next Generation Material for Aerospace Industry
  • Developments in Aerospace Graphene Materials Space
  • Established Role of Aluminium in Aircraft Manufacturing Renders Improved Outlook for Aluminium Alloys
  • New Aluminum Alloys to Emerge for Aircraft Manufacture
  • Demand for 7000 series Al-Zn Alloys Gains Momentum
  • Newer Titanium Alloys Gain Traction in Aerospace Application for Engine Parts and Airframes
  • Superalloys Emerge as Key Manufacturing Materials for Aircraft Engines
  • Nickel Alloys Combine Immense Strength and Extreme Temperature Tolerance
  • Steel Alloys Lend Traction in Producing Long-Lasting Fasteners & Landing Gear Bolts
  • Use of Magnesium Based Alloys Witness a Surge
  • Aircraft Electrical Systems: The Stronghold Application for Copper & Copper Alloys
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Aerospace and Defense Materials Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Aerospace and Defense Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Aerospace and Defense Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 4: World 16-Year Perspective for Aerospace and Defense Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 7: World 16-Year Perspective for Composites by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Aluminum Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Aluminum Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 10: World 16-Year Perspective for Aluminum Alloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Titanium Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Titanium Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 13: World 16-Year Perspective for Titanium Alloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Superalloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Superalloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 16: World 16-Year Perspective for Superalloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Steel Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Steel Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 19: World 16-Year Perspective for Steel Alloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 22: World 16-Year Perspective for Other Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Aerostructures by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Aerostructures by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 25: World 16-Year Perspective for Aerostructures by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 28: World 16-Year Perspective for Components by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Commercial Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Commercial Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 31: World 16-Year Perspective for Commercial Aircraft by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 32: World Recent Past, Current & Future Analysis for Military Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 33: World Historic Review for Military Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 34: World 16-Year Perspective for Military Aircraft by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 35: World Recent Past, Current & Future Analysis for Business Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 36: World Historic Review for Business Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 37: World 16-Year Perspective for Business Aircraft by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 38: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 39: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 40: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Aerospace and Defense Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADAJAPANCHINA
EUROPE
  • Aerospace and Defense Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Aerospace and Defense Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned

  • Alcoa Corporation
  • 3M Company
  • Arkema Group
  • AMG Advanced Metallurgical Group N.V.
  • Aperam SA
  • Arconic, Inc.
  • Arnold Magnetic Technologies
  • Advanced Composites, Inc.
  • Alcast Technologies Ltd.
  • Argosy International Inc.
  • Avdel (India) Pvt. Ltd.
  • Aluminum Die Cast Co., Inc.
  • AirMetals, Inc.
  • Atlas Composite Technologies Ltd.
  • Avient Corp.

Table Information