Press release
Elevated Fleet Size Propels Growth In Commercial Aircraft Airframe Materials Market: A Significant Driver Propelling The Commercial Aircraft Airframe Materials Market In 2025
Commercial Aircraft Airframe Materials
What Is the Commercial Aircraft Airframe Materials Market Size and Projected Growth Rate?
In the past few years, there has been a swift expansion in the market size for commercial aircraft airframe materials. The market is projected to rise from its valuation of $7.33 billion in 2024 to an estimated worth of $8.14 billion in 2025, registering a compound annual growth rate (CAGR) of 11.0%. This significant growth during the historic period is primarily due to the surge in air traffic, expansion of the travel and tourism sector, population increase, and rise in disposable income, as well as the overall growth of the aviation industry.
In the following years, the market size for commercial aircraft airframe materials is projected to experience a significant rise. By 2029, the expectation is that it will reach the $12.23 billion mark, with a compound annual growth rate (CAGR) of 10.7%. This growth in the prediction period can be credited to factors such as the increasing demand in emerging markets, designs that optimize fuel efficiency, the introduction of sustainable aviation materials, new entrants in the market, and a rising demand for commercial aircraft. Notable trends for the forecast period encompass the emergence of next-generation aircraft, advancements in electric and hybrid propulsion, pioneering initiatives for aircraft sustainability, technological progress, and the utilization of superior materials to enhance fuel efficiency.
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What Are the Major Segments in the Commercial Aircraft Airframe Materials Market?
The commercial aircraft airframe materials market covered in this report is segmented -
1) By Type: Aluminum Alloys, Titanium Alloys, Composites, Steel Alloys
2) By Application: Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, Other Applications
Subsegments:
1) By Aluminum Alloys: 2000 Series Aluminum Alloys, 5000 Series Aluminum Alloys, 6000 Series Aluminum Alloys
2) By Titanium Alloys: Alpha Titanium Alloys, Beta Titanium Alloys, Alpha-Beta Titanium Alloys
3) By Composites: Carbon Fiber Reinforced Polymer (CFRP), Glass Fiber Reinforced Polymer (GFRP), Aramid Fiber Reinforced Polymer (AFRP)
4) By Steel Alloys: Stainless Steel Alloys, Carbon Steel Alloys, High-Strength Low-Alloy Steel (HSLA)
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What Are The Driving Commercial Aircraft Airframe Materials Market Evolution?
The commercial aircraft airframe materials market is poised for growth, a factor largely attributed to the expansion in the number of commercial aircraft. Commercial aircraft, being vehicles meant for regular transportation of people and cargo from one specific airport to another, necessitate the use of aircraft airframe materials in their structure. The soaring demand for these materials for aircraft construction is one of the factors fueling this market's growth. To illustrate, in January 2024, the Netherland-based company Airbus reported delivering 735 commercial aircraft in the previous year, indicating an 11% increase when compared to 2022. This surge in fleet size is seen as a significant driver propelling the growth of the commercial aircraft airframe materials market.
Which Firms Dominate The Commercial Aircraft Airframe Materials Market Segments?
Major companies operating in the commercial aircraft airframe materials market include Solvay S.A, Constellium SE, Arconic Corporation, Toray Industries Inc., Teijin Limited, Southwest Aluminium, Hexcel Corporation, VSMPO-AVISMA Corporation, HITCO Carbon Composites Inc, Kobe Steel Ltd., Alcoa Corporation, AMG Advanced Metallurgical Group NV, Dupopnt de Nemours Inc., The Boeing Company, Lockheed Martin Corporation, Commercial Aircraft Corporation of China (COMAC), Airbus SE, TATA Advanced Systems Ltd., Spirit AeroSystems Inc., Mitsubishi Chemical Corporation, Owens Corning, Koninklijke Ten Cate BV, Henkel AG & Co. KGaA, Huntsman Corporation, SGL Carbon SE, BASF SE, Evonik Industries AG, Norsk Titanium AS, Aleris Corporation, Kaiser Aluminum Corporation, Materion Corporation, Precision Castparts Corp., ThyssenKrupp Aerospace
What Trends Are Expected to Dominate the Commercial Aircraft Airframe Materials Market in the Next 5 Years?
The rise of technological innovation is a noteworthy trend gaining traction in the commercial aircraft airframe materials market. Multinational corporations in the commercial aircraft airframe materials industry are striving to devise and integrate highly sophisticated solutions in order to dominate the market. To illustrate, FACC, an aerospace firm based in Austria, plans to establish a state-of-the-art facility close to Zagreb, Croatia in 2022, with the aim of fabricating light-weight components for commercial aircraft, utilizing cutting-edge fiber-reinforced composite technology.
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Which Is The Largest Region In The Commercial Aircraft Airframe Materials Market?
Middle East was the largest region in the commercial aircraft airframe materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial aircraft airframe materials market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Commercial Aircraft Airframe Materials Market?
2. What is the CAGR expected in the Commercial Aircraft Airframe Materials Market?
3. What Are the Key Innovations Transforming the Commercial Aircraft Airframe Materials Industry?
4. Which Region Is Leading the Commercial Aircraft Airframe Materials Market?
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