Press release
Global Aerospace Materials Market: Exploring Growth, Drivers, and Key Trends with a Focus on Market Size and CAGR Numbers
Aerospace Materials Market Size
What Is The Projected Market Size Of The Global Aerospace Materials Market And Its Growth Rate?
•The aerospace materials market size recorded strong growth in recent years, escalating from $36.53 billion in 2024 to $39.76 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%.
•Bridging the past and the future, the growth of aerospace materials market is poised to reach $56.04 billion in 2029 at a CAGR of 9.0%.
•The forecast period growth is driven by an increasing use of lightweight materials, rising government support, augmented commercial aircraft deliveries, and rapid urbanization.
What Is Driving The Growth In The Aerospace Materials Market?
The aerospace materials market is witnessing unprecedented growth, greatly boosted by the increasing use of lightweight materials. Lightweight materials play an instrumental role in the design and manufacturing of aircraft, providing enhanced suitability for specific applications, improved ability to withstand harsh atmospheric forces, temperature extremes, and ultraviolet rays. A testimony to this trend is the Venture Premium Class Seat by Japan-based Jamco Corporation. Made with a high proportion of recycled material, the seat is lighter than traditional alternatives, easy to install, and requires less overall maintenance. This accentuates the role of lightweight materials in invigorating the aerospace materials market.
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Who Are the Key Players Driving Aerospace Materials Market Growth?
Here's a glimpse into some of the major players in the aerospace materials market:
•Allegheny Technologies Incorporated
•Arconic Corporation
•Constellium SE
•Hexcel Corporation
•Solvay SA
•Toray Industries Inc.
•Du Pont
•Novelis Inc.
•Teijin Ltd.
•Materion Corp.
What Are The Key Trends In The Aerospace Materials Market?
Key trends in the aerospace materials market include:
•Development of innovative products with a focus on structural film adhesives.
•Advancement in materials with improved strength and performance.
•Integration of advanced materials with 3d printing.
•Investments in expanding production capacities.
•Strategic partnerships and collaborations among market players.
What Are The Segments Of The Global Aerospace Materials Market?
The global aerospace materials market can be segmented as follows:
•By Type: Aluminum Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composites, Other Types
•By Aircraft Type: Commercial Aircraft, Business and General Aviation, Civil Helicopters, Military, Other Aircraft Types
•By Application: Interior, Exterior
Which Region Leads The Aerospace Materials Market?
Europe led the charge in the aerospace materials market in 2024. The regions explored in this study span across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aerospace Materials Market Global Market Report?
- Market Size Analysis: Analyze the Aerospace Materials Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aerospace Materials Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aerospace Materials Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aerospace Materials Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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