The global aerospace raw materials market was valued at $38.2 Billion in 2023, and is projected to reach $75.6 Billion by 2033, registering a CAGR of 7.5% from 2023 to 2033.
Aerospace materials refer to specialized substances utilized in the design and production of aircraft and spacecraft. These materials are selected for their unique properties, which enable them to withstand the extreme conditions encountered in aerospace environments, such as elevated altitudes, rapid temperature changes, and exposure to significant speeds and forces. Metals such as aluminium, titanium, and various steel alloys play a crucial role in the composition of aircraft materials.
In addition, aerospace materials are vital in the creation of thermal protection systems (TPS) for spacecraft during re-entry and high-velocity flight. Materials such as composites, ceramic tiles, ablative substances, are employed to manage the extreme heat generated during re-entry into the Earth's atmosphere or due to atmospheric friction at high speeds. Ceramic tiles are particularly effective as they offer heat resistance and thermal insulation for spacecraft surfaces, which is essential for protection against temperatures reaching thousands of degrees Celsius.
The demand for materials that are lighter, stronger, and more efficient is expected to drive significant advancements in aircraft materials in the future. Currently, aerospace materials such as aluminium, titanium, and composites are widely used due to their excellent strength-to-weight ratio and durability. In the future, there will be an increasing focus on the development of new materials that exhibit even greater performance capabilities. Emerging materials such as advanced ceramic matrix composites (CMCs), metal-matrix composites (MMCs), and graphene-based materials are poised to revolutionize the aerospace sector.
These next-generation materials are expected to offer enhanced heat resistance, improved fatigue life, and greater structural integrity under extreme conditions, making them ideal for high-performance applications in aircraft engines, fuselage structures, and space vehicles. Additionally, sustainable materials that minimize environmental impact, such as bio-based composites, are gaining attention as the industry strives for greener and more sustainable aviation solutions.
Moreover, advancements in material science and manufacturing technologies, including additive manufacturing (3D printing) and nanotechnology, are expected to play a pivotal role in the future of aerospace materials. These technologies enable the creation of complex, highly efficient components with optimized geometries that were previously impossible to manufacture using traditional methods. This will not only improve the performance of aircraft but also reduce production costs and lead times, ultimately driving innovation and growth in the aerospace industry.
The key players operating in the market include aerospace raw materials market players, such as Toray Industries, Inc., Arconic (Alcoa Corporation), ATI (Allegheny Technologies), Synesco, Constellium SE, AMG N.V., Hexcel, Materion, Dupoint, Kobe Steel Ltd.
Aerospace materials refer to specialized substances utilized in the design and production of aircraft and spacecraft. These materials are selected for their unique properties, which enable them to withstand the extreme conditions encountered in aerospace environments, such as elevated altitudes, rapid temperature changes, and exposure to significant speeds and forces. Metals such as aluminium, titanium, and various steel alloys play a crucial role in the composition of aircraft materials.
In addition, aerospace materials are vital in the creation of thermal protection systems (TPS) for spacecraft during re-entry and high-velocity flight. Materials such as composites, ceramic tiles, ablative substances, are employed to manage the extreme heat generated during re-entry into the Earth's atmosphere or due to atmospheric friction at high speeds. Ceramic tiles are particularly effective as they offer heat resistance and thermal insulation for spacecraft surfaces, which is essential for protection against temperatures reaching thousands of degrees Celsius.
The demand for materials that are lighter, stronger, and more efficient is expected to drive significant advancements in aircraft materials in the future. Currently, aerospace materials such as aluminium, titanium, and composites are widely used due to their excellent strength-to-weight ratio and durability. In the future, there will be an increasing focus on the development of new materials that exhibit even greater performance capabilities. Emerging materials such as advanced ceramic matrix composites (CMCs), metal-matrix composites (MMCs), and graphene-based materials are poised to revolutionize the aerospace sector.
These next-generation materials are expected to offer enhanced heat resistance, improved fatigue life, and greater structural integrity under extreme conditions, making them ideal for high-performance applications in aircraft engines, fuselage structures, and space vehicles. Additionally, sustainable materials that minimize environmental impact, such as bio-based composites, are gaining attention as the industry strives for greener and more sustainable aviation solutions.
Moreover, advancements in material science and manufacturing technologies, including additive manufacturing (3D printing) and nanotechnology, are expected to play a pivotal role in the future of aerospace materials. These technologies enable the creation of complex, highly efficient components with optimized geometries that were previously impossible to manufacture using traditional methods. This will not only improve the performance of aircraft but also reduce production costs and lead times, ultimately driving innovation and growth in the aerospace industry.
The key players operating in the market include aerospace raw materials market players, such as Toray Industries, Inc., Arconic (Alcoa Corporation), ATI (Allegheny Technologies), Synesco, Constellium SE, AMG N.V., Hexcel, Materion, Dupoint, Kobe Steel Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aerospace raw materials market analysis from 2023 to 2033 to identify the prevailing aerospace raw materials market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aerospace raw materials market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aerospace raw materials market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update* (with the purchase of an enterprise license)
- 5 additional Company Profiles, pre- or post-purchase, as a free update.
- Free Updated Version (once released) with the purchase of an enterprise user license.
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- Historic market data
Key Market Segments
By Application
- Military Aircraft
- Commercial Aircraft
- Business and General Aviation
By Material
- Super Alloys
- Others
- Aluminum Alloys
- Steel Alloys
- Titanium Alloys
- Composite Materials
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- AMG
- Arconic
- ATI
- Constellium
- DuPont
- Hexcel Corporation
- Kobe Steel Ltd.
- Materion Corporation
- Syensqo
- TORAY INDUSTRIES, INC.
Please note:
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AEROSPACE RAW MATERIALS MARKET, BY APPLICATION
CHAPTER 5: AEROSPACE RAW MATERIALS MARKET, BY MATERIAL
CHAPTER 6: AEROSPACE RAW MATERIALS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- AMG
- Arconic
- ATI
- Constellium
- DuPont
- Hexcel Corporation
- Kobe Steel Ltd.
- Materion Corporation
- Syensqo
- TORAY INDUSTRIES, INC.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 278 |
| Published | November 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 38.2 Billion |
| Forecasted Market Value ( USD | $ 75.6 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
