Aerospace Materials Market Size Worth USD 73.7 billion by 2030

► Aerospace Materials Market Set to Soar: Projected to Reach USD 73.7 Billion by 2030 with an 8.2% CAGR

North America Leads in Demand; Europe and Asia-Pacific Showcase Robust Growth and Strategic Consolidations

The global aerospace materials market is poised for significant expansion, projected to attain a valuation of USD 73.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2030. This surge is driven by escalating demand for lightweight, durable materials in both commercial and defense aviation sectors.

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► Competitive Landscape

The aerospace materials sector is characterized by intense competition and continuous innovation. Key industry players are actively engaging in mergers, acquisitions, and partnerships to strengthen their market positions.

Solvay and SGL Carbon entered a joint development agreement to introduce composite materials based on large-tow intermediate modulus carbon fiber, aiming to enhance fuel efficiency in next-generation aircraft.

Teijin Limited acquired Renegade Materials Corporation, a supplier of heat-resistant thermoset prepreg, to bolster its aerospace material offerings in North America.

Allegheny Technologies Incorporated secured approximately $1.2 billion in new sales commitments for nickel and titanium materials from leading aerospace and defense companies, indicating strong market confidence.

► Regional Insights

♦ United States: Growth and Consolidation
The United States maintains a dominant position in the aerospace materials market, accounting for approximately 93% of the North American share. This leadership is attributed to substantial defense spending and the presence of major aerospace manufacturers like Boeing and Lockheed Martin.

Notably, Honeywell reported a 14% increase in aerospace division sales in Q1 2025, reaching $4.17 billion, driven by heightened demand for aerospace parts and services. Additionally, Howmet Aerospace raised its 2025 profit forecast due to robust demand for aerospace components, reflecting the sector's resilience amidst economic uncertainties.

♦ Asia-Pacific: Opportunities and Trends
Asia-Pacific emerges as a rapidly growing market, with India projected to experience a growth rate of around 9% from 2024 to 2029. This growth is fueled by increasing investments in domestic aerospace manufacturing and rising defense expenditures.

In the broader region, countries like China and Japan are also contributing to market expansion through advancements in aerospace technology and increased air travel demand. The region's focus on developing indigenous aircraft and enhancing maintenance, repair, and overhaul (MRO) capabilities presents significant opportunities for aerospace material suppliers.

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♦ Middle East and Africa: Trends and Updation
The Middle East and Africa are witnessing growing investments in aerospace infrastructure, particularly in countries like the UAE and Saudi Arabia. These nations are expanding their commercial aviation sectors and modernizing defense capabilities, thereby increasing demand for advanced aerospace materials.

Efforts to develop domestic aerospace industries and enhance technological capabilities are further propelling market growth in the region. Collaborations with global aerospace companies and investments in research and development are key trends shaping the future of the aerospace materials market in these regions.

♦ Europe: Consolidation and Growth
Europe holds a significant share in the global aerospace materials market, with a projected CAGR of 7.84% from 2024 to 2034. Germany and France are leading contributors, driven by strong aerospace manufacturing sectors and substantial investments in research and development.

The region is also experiencing consolidation efforts to unify its fragmented defense industry. Initiatives like the joint venture between Leonardo and Rheinmetall, along with the European Commission's allocation of €150 billion to advance defense capabilities, are indicative of Europe's commitment to enhancing its aerospace sector.

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► Market Segmentation: In-Depth Analysis:

by Type

Aluminium Alloys
Titanium Alloys
Steel Alloys
Composite Materials
Super Alloys
Others

The market for aerospace materials is divided into several categories, including composite materials, super alloys, steel alloys, titanium alloys, and aluminum alloys. Due to the high demand for aluminum alloys from the global aircraft manufacturing industry, the aluminum alloys segment is anticipated to be one of the main drivers of market growth during the forecast period.

Commercial aircraft, military aircraft, business & general aviation, helicopters, and other aircraft types are the several categories into which the aerospace materials market has been divided. Over the course of the projection period, the commercial aircraft segment is anticipated to hold one of the greatest market shares. The growing demand for commercial aircraft and the expansion of passenger transportation are the reasons behind this growth.

by Aircraft Type

Commercial Aircraft
Military Aircraft
Business & General Aviation
Helicopters
Others

by Application

Interior
Passenger Seating
Galley
Interior
Panels
Others
Propulsion System
Airframe
Tail & Fin
Windows & Windshields

For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/aerospace-materials-market/4022/

► Learn about the top players driving innovation in the Market :

1. Toray Industries, Inc. (Japan)
2. Alcoa Corporation (U.S.)
3. Cytec Solvay group (Belgium)
4. Du Pont (U.S.)
5. Kobe Steel Ltd (Japan)
6. Teijin Ltd. (Japan)
7. ATI Metals. (US)
8. Aleris (US)
9. Constellium N.V (Netherlands)
10. AMG N.V (Netherlands)

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