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Comprehensive 2025 Commercial Aircraft Airframe Materials Market Overview: Trends, Forecasts, and Growth Drivers
Commercial Aircraft Airframe Materials Market
What Is the Expected CAGR for the Commercial Aircraft Airframe Materials Market Through 2025?
In recent years, the market size for commercial aircraft airframe materials has seen a rapid expansion. It is projected to increase from $7.33 billion in 2024 to $8.14 billion in 2025, suggesting a compound annual growth rate (CAGR) of 11.0%. The significant growth during the historical period can be linked to factors such as increased air traffic, growth in travel and tourism, population increase, a rise in disposable income, and the expansion of the aviation industry.
What's the Projected Size of the Global Commercial Aircraft Airframe Materials Market by 2029?
The market for commercial aircraft airframe materials is anticipated to experience a swift expansion in the coming years, with expectations to reach a value of $12.23 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.7%. Factors contributing to this predicted progression during the forecasted period include increasing demand from emerging markets, fuel-effective airframe configurations, eco-friendly aviation materials, entrance of new competitors, and the escalating requirement for commercial aircrafts. Key trends to look out for during this forecast period encompass the development of next-generation aircraft, the advancement in electric and hybrid propulsion, innovative approaches to aircraft sustainability, technological evolution, and the usage of cutting-edge materials for fuel efficiency.
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Top Growth Drivers in the Commercial Aircraft Airframe Materials Industry: What's Accelerating the Market?
The surge in the number of commercial aircraft is predicted to significantly boost the commercial aircraft airframe materials market. Commercial planes, which regularly carry people and goods between designated airports, necessitate the need for airframe materials to build the aircraft's structure, thus instigating market growth for these materials. As per data released in January 2024 by Airbus, a Netherlands-based aircraft manufacturer, the company delivered a total of 735 commercial planes in 2023. This represented an 11% increase compared to the preceding year, 2022. Consequently, the expanding aircraft fleet is propelling the commercial aircraft airframe materials market forward.
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What Trends Will Shape the Commercial Aircraft Airframe Materials Market Through 2029 and Beyond?
A key trend emerging in the commercial aircraft airframe materials market is technological innovation. To stay at the forefront of the industry, major corporations in this sector are concentrating on the creation and adoption of state-of-the-art technological solutions. For instance, FACC, an aerospace firm headquartered in Austria, plans to establish a high-tech factory near Zagreb, Croatia by 2022. This factory will manufacture lightweight parts for commercial planes using the most advanced fiber-reinforced composite technology.
What Are the Main 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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Which Top Companies are Driving Growth in the Commercial Aircraft Airframe Materials Market?
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
Which Regions Will Dominate the Commercial Aircraft Airframe Materials Market Through 2029?
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.
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