Aerospace Materials Market Overview, Analysis And Demand By 2034

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How Does the Projected Market Size of the Aerospace Materials Market Compare to 2025 Levels?
The aerospace materials market size has grown strongly in recent years. It will grow from $36.53 billion in 2024 to $39.52 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. 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 $54.71 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. 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 Most Significant Drivers Affecting the Aerospace Materials Market Expansion?
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 Are the Major Product/Service Segments in 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

How Are Current Trends Influencing the Aerospace Materials Market Growth?
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.

Which Players Dominate the Aerospace Materials Market Landscape?
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

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How Does Aerospace Materials Market Growth Vary Across Major Regions?
Europe was the largest region in the aerospace materials market in 2024. The regions covered in the aerospace materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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