Aerospace Materials Market, Size and Segmentation By type ( Aluminum Alloys, Titanium Alloys, Steel Alloys, Super Alloys, Composites, Others ) By aircraft type (Commercial Aircraft, Business & General Aviation, Military Aircraft, Helicopters, Others), by Regions and Global Forecast 2023-2030
Report Id: SNS/C&M/2334 | July 2022 | Region: Global | 131 Pages
Report Scope & Overview:
Aerospace Materials Market Size was valued at USD 43.69 billion in 2022, and is expected to reach USD 85.17 billion by 2030, and grow at a CAGR of 8.7% over the forecast period 2023-2030.
Aerospace materials are things that are used in the aerospace industry because they have better properties like high tensile strength, better temperature tolerance, better transparency, and a hard surface. Advanced plastics, carbon or glass-based fibre composites are being used more and more by aerospace manufacturers to make aeroplane parts like airframes, windows, interiors, engine parts, propulsion systems, mirrors, and ceilings. These materials are replacing traditional metals.
Market Dynamics:
Drivers:
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Developing countries are asking for planes that are lighter and use less fuel.
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Low-cost carriers are making heavy passenger transportation better.
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High creativity and technological progress
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The world plans to have no net emissions by 2050.
Restraints:
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Costs of high-tech aerospace materials are going up.
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Because the requirements are so complicated, there isn't much choice in materials.
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The global pandemic has caused a drop in sales.
Opportunity:
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Aerospace materials are in demand because the market for UAVs is growing.
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Stable demand will come from a stable defence market.
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Commercial planes are in high demand.
Challenge:
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Due to government rules, maintenance, repairs, and overhauls are expensive.
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Keeping the supply chain from stopping because of COVID-19
Impact of Covid-19:
COVID-19 has hurt the demand for materials used in aerospace. The disruption in the supply chain, which caused raw materials to arrive late or not at all, messed up the flow of money, and rising absenteeism on the production lines has forced aerospace component manufacturers to operate at less than full capacity. The travel restrictions have cut down on air travel by a lot, which has hurt the aerospace industry by cutting down on deliveries and demand for new planes. Demand for aerospace materials has gone down because fewer planes are being delivered.
Key Players:
Constellium SE, Alcoa Corporation, Toray Industries, Inc., Allegheny Technologies Incorporated, Solvay S.A., Teijin Limited, Kobe Steel, Ltd., NOVELIS , AMG N.V., Hexcel, DuPont de Nemours, Inc., and other players.
Market Segment:
By type
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Aluminum Alloys
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Titanium Alloys
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Steel Alloys
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Super Alloys
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Composites
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Others
By aircraft type
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Commercial Aircraft
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Business & General Aviation
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Military Aircraft
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Helicopters
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Others
Regional Analysis:
The market for aerospace materials is dominated by North America. This is because there are more companies that make aeroplanes in this region. Large amounts of air trade and air travel in this area could also help the economy grow. A lot of aerospace materials are also needed because the government spends a lot on the air defence system. In 2020, the aviation business in North America was worth USD 59.20 billion.
Europe is the second largest market for aerospace materials after the United States. France, Germany, and the UK all have factories that make aeroplanes, which is good for growth. People's high disposable incomes and the fact that they like to travel by plane are also things that drive demand here.
The Asia-Pacific region is the one that is growing the fastest. The number of people who fly and the number of flights going up are creating a huge demand for planes. A big rise in military air operations is another thing that helps growth. In the Middle East, the demand for aerospace materials is driven by the high cost of air travel. This region is also likely to have a big share of the market soon.
REGIONAL COVERAGE:
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North America
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USA
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Canada
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Mexico
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Europe
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Germany
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UK
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France
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Italy
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Spain
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The Netherlands
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Rest of Europe
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Asia-Pacific
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Japan
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south Korea
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China
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India
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Australia
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Rest of Asia-Pacific
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The Middle East & Africa
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Israel
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UAE
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Argentina
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Rest of Latin America
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| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 43.69 Billion |
| Market Size by 2030 | US$ 85.17 Billion |
| CAGR | CAGR of 8.7% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By type ( Aluminum Alloys, Titanium Alloys, Steel Alloys, Super Alloys, Composites, Others ) • By aircraft type (Commercial Aircraft, Business & General Aviation, Military Aircraft, Helicopters, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Constellium SE, Alcoa Corporation, Toray Industries, Inc., Allegheny Technologies Incorporated, Solvay S.A., Teijin Limited, Kobe Steel, Ltd., NOVELIS , AMG N.V., Hexcel, DuPont de Nemours, Inc. |
| Drivers | • Developing countries are asking for planes that are lighter and use less fuel. • Low-cost carriers are making heavy passenger transportation better. • High creativity and technological progress |
| Restraints | • Costs of high-tech aerospace materials are going up. • Because the requirements are so complicated, there isn't much choice in materials. • The global pandemic has caused a drop in sales. |
Frequently Asked Questions (FAQ) :
What are the sub-segments of by type segment ?
Ans: Aluminum Alloys, Titanium Alloys, Steel Alloys, Super Alloys, Composites and Others are the sub-segments of by type segment.
Who can buy this Report ?
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
What are the challenges faced by the Aerospace Materials Market ?
Ans: Due to government rules, maintenance, repairs, and overhauls are expensive and Keeping the supply chain from stopping because of COVID-19 are the challenges faced by the Aerospace Materials Market.
What are the opportunity for Aerospace Materials Market ?
Ans: Aerospace materials are in demand because the market for UAVs is growing, Stable demand will come from a stable defence market and Commercial planes are in high demand are the opportunity for Aerospace Materials Market.
What is the market Size of the Aerospace Materials Market ?
Ans: Aerospace Materials Market Size was valued at USD 40.2 billion in 2021, and expected to reach USD 72.11 billion by 2028, and grow at a CAGR of 8.7 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Aerospace Materials Market Segment, By type
8.1 Aluminum Alloys
8.2 Titanium Alloys
8.3 Steel Alloys
8.4 Super Alloys
8.5 Composites
8.6 Others
9.Aerospace Materials Market Segment, By aircraft type
9.1 Commercial Aircraft
9.2 Business & General Aviation
9.3 Military Aircraft
9.4 Helicopters
9.5 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profile
11.1 Constellium SE,
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Alcoa Corporation,
11.3 Toray Industries, Inc.,
11.4 11.5 Allegheny Technologies Incorporated,
11.5 Solvay S.A.,
11.6 Teijin Limited,
11.7 Kobe Steel, Ltd.,
11.8 NOVELIS
11.9 AMG N.V.,
11.10 Hexcel
11.11 DuPont de Nemours, Inc.,
12.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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