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PUBLISHER: Grand View Research | PRODUCT CODE: 1268792
PUBLISHER: Grand View Research | PRODUCT CODE: 1268792
Aerospace And Defense Materials Market Size, Share & Trends Analysis Report By Product (Aluminum, Composites), By Application (Aerostructure, Propulsion System), By Aircraft Type (Commercial, Military), By Region, And Segment Forecasts, 2023 - 2030
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Aerospace And Defense Materials Market Growth & Trends:
The global aerospace and defense materials market size is expected to reach USD 27.99 billion by 2030, registering a revenue-based CAGR of 5.3% during the forecast period, according to a new report published by Grand View Research, Inc. Increasing investment in modernization along with expansion of combat aircraft fleet in countries, such as India and China is expected to drive the growth.
The market is expected to benefit from the strong demand for aircraft in the foreseeable future. The number of commercial and cargo fleets around the world is expected to double over the forecast period. The huge surge in passenger and freight traffic is also anticipated to contribute significantly to the increase in aircraft production and demand for aerospace & defense materials.
The aerospace & defense industry has been a long-term promoting factor for the development and application of advanced materials. Leading manufacturers are increasingly adopting a variety of advance materials such as carbon fiber composites and titanium alloys. These materials play an important role in reducing the overall weight and increasing fuel efficiency of an aircraft.
The market players often enter into long-term supply contracts with aircraft manufacturers. The material manufacturers provide highly customized solutions to the component and aircraft manufacturer. Aircraft manufacturers are often involved in monitoring the materials throughout the value chain from design to component manufacturing to ensure the quality.
Aerospace And Defense Materials Market Report Highlights:
- Titanium is expected to have the fastest growth rate of 6.0%, in terms of revenue, over the forecast period owing to its exceptional compatibility with composites.
- Aerostructure segment is expected to register the fastest CAGR of 5.8% from 2023 to 2030 on account of the rising use of composites including CFRP and honeycomb materials in non-critical structural components.
- Commercial aircraft accounted for 55.0% of the overall revenue in 2022, owing to the tremendous growth in commercial passenger and freight traffic, coupled with improved trade relations worldwide.
- North America held the largest revenue share with 55.7% in 2022, owing to the presence of huge aircraft parts manufacturing industry in the region
- Major market players focus on mergers and acquisitions to expand their business and technological capabilities. They prioritize R&D of low cost materials that provide high strength
Product Code: GVR-2-68038-387-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Aerospace & Defense Materials Market Variables, Trends & Scope
- 3.1. Value Chain Analysis
- 3.1.1. Raw Material Trend Analysis
- 3.1.1.1. Aluminum
- 3.1.1.2. Steel
- 3.1.2. Product Price Trend Analysis
- 3.1.2.1. Aluminum
- 3.1.2.2. Steel
- 3.1.1. Raw Material Trend Analysis
- 3.2. Aerospace and Defense Materials Market: Regulatory Landscape
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.1.1. Rise in passenger & freight traffic
- 3.3.1.2. Growing need for lightweight aircraft
- 3.3.2. Market Restraint
- 3.3.2.1. Fluctuation in the raw material prices
- 3.3.1. Market Driver Impact Analysis
- 3.4. Business Environment Analysis Tools
- 3.4.1. PESTLE Analysis, by SWOT
- 3.4.2. Porter's Five Forces Analysis
Chapter 4. Aerospace & Defense Materials Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Market Share Analysis, 2022 & 2030
- 4.3. Aerospace and Defense Materials Market Estimates & Forecast, By Product (Kilotons), 2018 - 2030 (USD Million)
- 4.4. Aluminum
- 4.5. Titanium
- 4.6. Composites
- 4.7. Superalloys
- 4.8. Steel
- 4.9. Plastic
- 4.10. Others
Chapter 5. Aerospace & Defense Materials Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Market Share Analysis, 2022 & 2030
- 5.3. Aerospace and Defense Materials Market Estimates & Forecast, By Application (Kilotons), 2018 - 2030 (USD Million)
- 5.4. Aerostructure
- 5.5. Components
- 5.6. Cabin Interiors
- 5.7. Propulsion System
- 5.8. Equipment, System, & Support
- 5.9. Satellite
- 5.10. Construction and Insulation Components
Chapter 6. Aerospace & Defense Materials Market: Aircraft Type Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Aircraft Type Market Share Analysis, 2022 & 2030
- 6.3. Aerospace and Defense Materials Market Estimates & Forecast, By Aircraft Type (Kilotons), 2018 - 2030 (USD Million)
- 6.4. Commercial
- 6.5. Business & General Aviation
- 6.6. Military
- 6.7. Others
Chapter 7. Aerospace & Defense Materials Market: Regional Estimates & Trend Analysis
- 7.1. Aerospace & Defense Materials Market: Regional Outlook
- 7.2. North America
- 7.2.1. North America aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3. Europe
- 7.3.1. Europe aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Germany aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3. U.K.
- 7.3.3.1. U.K. aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4. France
- 7.3.4.1. France aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Italy aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6. Czech Republic
- 7.3.6.1. Czech Republic aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2. China
- 7.4.2.1. China aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4. India
- 7.4.4.1. India aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Australia aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. South Korea aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5. Central & South America
- 7.5.1. Central & South America aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. South Africa aerospace & defense materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Vendor Landscape
- 8.3. Competition Categorization
- 8.4. Strategy Mapping
- 8.5. Company Listing
- 8.5.1. Huntsman International, LLC
- 8.5.1.1. Company overview
- 8.5.1.2. Financial performance
- 8.5.1.3. Product benchmarking
- 8.5.1.4. Strategic initiatives
- 8.5.2. Toray Composites, America, Inc.
- 8.5.2.1. Company overview
- 8.5.2.2. Financial performance
- 8.5.2.3. Product benchmarking
- 8.5.2.4. Strategic initiatives
- 8.5.3. VSMPO-AVISMA
- 8.5.3.1. Company overview
- 8.5.3.2. Financial performance
- 8.5.3.3. Product benchmarking
- 8.5.3.4. Strategic initiatives
- 8.5.4. Arconic Inc.
- 8.5.4.1. Company overview
- 8.5.4.2. Financial performance
- 8.5.4.3. Product benchmarking
- 8.5.4.4. Strategic initiatives
- 8.5.5. Kobe Steel, Ltd.
- 8.5.5.1. Company overview
- 8.5.5.2. Financial performance
- 8.5.5.3. Product benchmarking
- 8.5.5.4. Strategic initiatives
- 8.5.6. Allegheny Technologies
- 8.5.6.1. Company overview
- 8.5.6.2. Financial performance
- 8.5.6.3. Product benchmarking
- 8.5.6.4. Strategic initiatives
- 8.5.7. Cytec Solvay Group
- 8.5.7.1. Company overview
- 8.5.7.2. Financial performance
- 8.5.7.3. Product benchmarking
- 8.5.7.4. Strategic initiatives
- 8.5.8. Hexcel Corporation
- 8.5.8.1. Company overview
- 8.5.8.2. Financial performance
- 8.5.8.3. Product benchmarking
- 8.5.8.4. Strategic initiatives
- 8.5.9. Novelis
- 8.5.9.1. Company overview
- 8.5.9.2. Financial performance
- 8.5.9.3. Product benchmarking
- 8.5.9.4. Strategic initiatives
- 8.5.10. Constellium N.V
- 8.5.10.1. Company overview
- 8.5.10.2. Financial performance
- 8.5.10.3. Product benchmarking
- 8.5.10.4. Strategic initiatives
- 8.5.11. SGL Carbon
- 8.5.11.1. Company overview
- 8.5.11.2. Financial performance
- 8.5.11.3. Product benchmarking
- 8.5.11.4. Strategic initiatives
- 8.5.12. thyssenkrupp Aerospace
- 8.5.12.1. Company overview
- 8.5.12.2. Financial performance
- 8.5.12.3. Product benchmarking
- 8.5.12.4. Strategic initiatives
- 8.5.13. Formosa Plastics, Corporation
- 8.5.13.1. Company overview
- 8.5.13.2. Financial performance
- 8.5.13.3. Product benchmarking
- 8.5.13.4. Strategic initiatives
- 8.5.14. Strata Manufacturing PJSC
- 8.5.14.1. Company overview
- 8.5.14.2. Financial performance
- 8.5.14.3. Product benchmarking
- 8.5.14.4. Strategic initiatives
- 8.5.15. Teijin Ltd.
- 8.5.15.1. Company overview
- 8.5.15.2. Financial performance
- 8.5.15.3. Product benchmarking
- 8.5.15.4. Strategic initiatives
- 8.5.1. Huntsman International, LLC
Product Code: GVR-2-68038-387-4
List of Tables
- Table 1 Aerospace and Defense Materials Market Estimates & Forecast, By Product, 2018 - 2030 (Kilotons)
- Table 2 Aerospace and Defense Materials Market Estimates & Forecast, By Product, 2018 - 2030 (USD Million)
- Table 3 Aerospace and Defense Materials Market Estimates & Forecast, By Application, 2018 - 2030 (Kilotons)
- Table 4 Aerospace and Defense Materials Market Estimates & Forecast, By Application, 2018 - 2030 (USD Million)
- Table 5 Aerospace and Defense Materials Market Estimates & Forecast, By Aircraft Type, 2018 - 2030 (Kilotons)
- Table 6 Aerospace and Defense Materials Market Estimates & Forecast, By Aircraft Type, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Aerospace and Defense Materials Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Regional Outlook
- Fig. 7 Segmental Outlook
- Fig. 8 Segmental Outlook
- Fig. 9 Competitive Outlook
- Fig. 10 Aerospace & Defense Materials Market - Industry Value Chain Analysis
- Fig. 11 Global primary aluminum production, by region (Thousand Metric Tons)
- Fig. 12 Crude steel production annual growth trend (%)
- Fig. 13 Spot prices of aluminum, 2018-2022 (USD/Metric ton)
- Fig. 14 Global stainless-steel prices, 2018-2022 (USD/kg)
- Fig. 15 Aerospace and Defense Materials Market Dynamics
- Fig. 16 Market Driver Analysis
- Fig. 17 Global passenger and freight traffic, 2010-2022 (Billion individuals) (Billion ton-Km)
- Fig. 18 Global annual commercial aircraft deliveries, 2008-2021 (No. of units)
- Fig. 19 In-service aircraft reaching 25 years of age which needs replacement (No of units)
- Fig. 20 Market Restraint Analysis
- Fig. 21 Aerospace and Defense Materials Market: PORTER's Analysis
- Fig. 22 Aerospace and Defense Materials Market: PESTEL Analysis
- Fig. 23 Aerospace and Defense Materials Market, by Product: Key Takeaways
- Fig. 24 Aerospace and Defense Materials Market, by Product: Market Share, 2022 & 2030
- Fig. 25 Aerospace and defense materials market estimates & forecasts, by aluminum, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 26 Aerospace and defense materials market estimates & forecasts, by titanium, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 27 Aerospace and defense materials market estimates & forecasts, by composite, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 28 Aerospace and defense materials market estimates & forecasts, by super alloys, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 29 Aerospace and defense materials market estimates & forecasts, by steel, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 30 Aerospace and defense materials market estimates & forecasts, by plastic, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 31 Aerospace and defense materials market estimates & forecasts, by other product, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 32 Aerospace and Defense Materials Market, by Application: Key Takeaways
- Fig. 33 Aerospace and Defense Materials Market, by Application: Market Share, 2022 & 2030
- Fig. 34 Aerospace and defense materials market estimates & forecasts, by aerostructure application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 35 Aerospace and defense materials market estimates & forecasts, by components application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 36 Aerospace and defense materials market estimates & forecasts, by cabin interiors application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 37 Aerospace and defense materials market estimates & forecasts, by propulsion system application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 38 Aerospace and defense materials market estimates & forecasts, by equipment, systems, and support application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 39 Aerospace and defense materials market estimates & forecasts, by satellites application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 40 Aerospace and defense materials market estimates & forecasts, by construction and insulation components application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 41 Aerospace and Defense Materials Market, by Aircraft Type: Key Takeaways
- Fig. 42 Aerospace and Defense Materials Market, by Aircraft Type: Market Share, 2022 & 2030
- Fig. 43 Aerospace and defense materials market estimates & forecasts, by commercial aircraft type, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 44 Aerospace and defense materials market estimates & forecasts, by business and general aviation, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 45 Aerospace and defense materials market estimates & forecasts, by military aircraft type, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 46 Aerospace and defense materials market estimates & forecasts, by other aircraft type, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 47 Aerospace and defense materials market revenue, by region, 2022 & 2030 (USD Million)
- Fig. 48 Regional marketplace: Key takeaways
- Fig. 49 Regional marketplace: Key takeaways
- Fig. 50 North America aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 51 U.S. aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 52 Canada aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 53 Mexico aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 54 Europe aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 55 Germany aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 56 U.K. aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 57 France aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 58 Italy aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 59 Czech Republic aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 60 Asia Pacific aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 61 China aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 62 Japan aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 63 India aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 64 Australia aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 65 South Korea aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 66 Central & South America aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 67 Brazil aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 68 Middle East & Africa aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 69 South Africa aerospace and defense materials market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 70 Competition Categorization
- Fig. 71 Strategy Mapping
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