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Aerospace Materials Market

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.

Aerospace Materials Market Revenue Graph

Market Dynamics:

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

  • The world plans to have no net emissions by 2050.

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.

Opportunity:

  • Aerospace materials are in demand because the market for UAVs is growing.

  • Stable demand will come from a stable defence market.

  • Commercial planes are in high demand.

Challenge:

  • Due to government rules, maintenance, repairs, and overhauls are expensive.

  • 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

  • Aluminum Alloys

  • Titanium Alloys

  • Steel Alloys

  • Super Alloys

  • Composites

  • Others

By aircraft type

  • Commercial Aircraft

  • Business & General Aviation

  • Military Aircraft

  • Helicopters

  • Others

Aerospace Materials Market Segment Pie Chart

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:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

 

Aerospace Materials Market Report Scope:
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) :

Ans: Aluminum Alloys, Titanium Alloys, Steel Alloys, Super Alloys, Composites and Others are the sub-segments of by type segment.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

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.

 

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.

 

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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Secondary Research

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