Press release
Aerospace Raw Materials Market to Reach US$ 19.3 Billion by 2028, Says Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report covers detailed segmentation by platform type, material type, form type, sales channel type, and regional distribution, offering strategic insights for suppliers, OEMs, and investors navigating market opportunities and competitive dynamics.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/817/aerospace-raw-materials-market.html#form
Market Statistics
• Forecast value by 2028: US$ 19.3 billion
• CAGR: 5.3 % during 2023-2028
• Forecast period: 2023-2028
• Base year: 2022
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
Platform Type: Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, Spacecraft
Material Type: Titanium & Alloys, Aluminum & Alloys, Steel & Alloys, Composites, Others
Sales Channel Type: Direct Sales, Distributor Sales
Region: North America, Europe, Asia-Pacific, Rest of the World
Segment Analysis
Commercial aircraft remains the dominant platform type, supported by robust commercial aircraft deliveries and OEM production rate increases. This broad demand translates to higher raw material consumption across fuselage, wings, and structural components, reinforcing supplier pipelines and inventory planning to meet long production cycles with minimal disruptions.
In material types, titanium & alloys are expected to maintain dominance due to their superior strength-to-weight ratio and corrosion resistance, particularly for critical airframe and engine applications; this drives strategic material sourcing investments and alloy innovation efforts across suppliers. Sales channels are bifurcated into direct and distributor sales, with direct sales often favored by large OEMs for long-term contracts, impacting how raw material suppliers structure their sales and logistics strategies.
Segemnt Analysis
North America is the largest regional market for aerospace raw materials, structurally led by the United States' substantial commercial and defense aircraft fleet and the proximal presence of major OEMs that accelerate technology adoption. Asia-Pacific is the fastest-growing region, driven by rising passenger traffic, increasing defense budgets, and expansion of assembly facilities by global OEMs, structurally creating new procurement and supply chain ecosystems in the region.
Market Drivers
• Rising commercial aircraft production to meet global air travel demand
• Shift toward advanced and lightweight materials for fuel efficiency
• Increasing defense budgets requiring material-intensive aircraft programs
• Expansion of OEM assembly and manufacturing footprints in emerging markets
• Long-term supplier contracts and material certification requirements boosting stable demand
Top Companies in the Market
Arconic Corporation
VSMPO-AVISMA Corporation
Allegheny Technologies, Inc.
Titanium Metals Corporation (TIMET)
Constellium SE
Kaiser Aluminum Corporation
Carpenter Technology Corporation
FAQs
1. What is the projected size of the aerospace raw materials market by 2028?
The aerospace raw materials market is forecast to reach US$ 19.3 billion by 2028, reflecting steady expansion driven by aircraft production growth and materials innovation.
2. What is driving demand for aerospace raw materials during 2023-2028?
Demand is driven mainly by increasing production of commercial aircraft and the industry's shift toward advanced lightweight materials like titanium and composites to improve fuel efficiency and performance.
3. Which regional market holds the largest share in aerospace raw materials?
North America is the largest regional market due to its extensive commercial and defense aerospace activity and concentration of major OEMs and suppliers.
4. Which platform type contributes most to raw material consumption?
Commercial aircraft is the largest and fastest-growing platform segment, as steady deliveries and backlogs translate to high raw material requirements.
5. What material type is most significant in this market?
Titanium & alloys remain the dominant material type due to their high strength-to-weight performance, particularly in critical structural and engine components.
Related Links:
Handheld Thermal Imager Market
https://velog.io/@ethan488/Handheld-Thermal-Imager-Market
North American Composite Decks and Railings Market https://velog.io/@ethan488/North-American-Composite-Decks-And-Railings-Market
Offensive Electronic Countermeasures Market https://velog.io/@benvolkov/Offensive-Electronic-Countermeasures-Market
Polymer Seals Market
https://velog.io/@benvolkov/Polymer-Seals-Market-2025-2031
Civil Aircraft MRO Market
https://www.leenkup.com/read-blog/63201
Civil UAS Market
https://webyourself.eu/blogs/1636746/Civil-UAS-Market-Forecast-Competitive-Landscape-Growth-Opportunities-2025-2032
Data Center Busway Market
https://webyourself.eu/blogs/1636742/Data-Center-Busway-Market-Forecast-Competitive-Landscape-Growth-Opportunities-2025
Military Airborne Electro Optics Market https://ayema.ng/blogs/286131/Military-Airborne-Electro-Optics-Market-Trend-Forecast-Competitive-Analysis-and
Small Off Road Utility Engines Market
https://www.friend007.com/read-blog/267040
Aircraft Fastener Coatings Market
http://www.mizmiz.de/read-blog/238774
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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