Commercial Aircraft Airframe Materials Market to Record 10.2% CAGR Growth Through 2029 | Global Analysis Report

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Commercial Aircraft Airframe Materials Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the market size of commercial aircraft airframe materials has seen a quick expansion. The market is predicted to rise from $7.33 billion in 2024 to $8.09 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.3%. This growth during the historic period is due to factors such as escalating air traffic, burgeoning travel and tourism sector, population increase, a surge in disposable income, and the expansion of the aviation industry.

Commercial Aircraft Airframe Materials Market Forecast: What Size Will It Reach By 2029?
The size of the commercial aircraft airframe materials market is anticipated to witness significant expansion in the forthcoming years. The market is projected to reach a value of $11.91 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 10.2%. This growth during the forecast period is due to factors such as rising market demand, fuel-efficient airframe designs, sustainable aviation materials, emergence of new market competitors, and an escalating need for commercial aircrafts. Key market trends for the forecast period include the development of next-generation aircraft, advances in electric and hybrid propulsion, innovative aircraft sustainability initiatives, technological progression, and the use of advanced materials for enhancing fuel efficiency.

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Which Key Market Drivers Will Shape Commercial Aircraft Airframe Materials Industry Trends in 2025-2029?
The growth of the commercial aircraft airframe materials market is anticipated to be aided by the expansion of the fleet size of commercial aircraft. Commercial aircraft, which are designed to regularly transport passengers and cargo between designated airports, rely on airframe materials for their structural fabrication. Hence, as the fleet size expands, so does the demand for airframe materials in commercial aircraft. For example, Airbus, a Netherlands-based aircraft manufacturing company, announced in January 2024 that it had a 11% increase in the delivery of commercial aircraft in 2023, totaling 735 aircraft, as compared to 2022. As a result, the burgeoning fleet size is one of the key drivers for the increasing demand in the commercial aircraft airframe materials market.

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What Are the High-Growth 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)

Which Global Trends Are Driving Commercial Aircraft Airframe Materials Market Expansion?
The prominence of technological innovation is a notable trend in the commercial aircraft airframe materials market. Dominant companies in this sector are endeavoring to create cutting-edge solutions to spearhead the market. For example, in 2022, FACC, an Austria-based aerospace corporation, is establishing a state-of-the-art facility near Zagreb, Croatia, to manufacture lightweight components for commercial aircraft utilizing the most recent fiber-reinforced composite technology.

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Who Are the Fastest-Growing Companies in the Commercial Aircraft Airframe Materials Industry?
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 Is the Regional Outlook for the Commercial Aircraft Airframe Materials Market by 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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