We are monitoring the impact of COVID-19 & Recession alarm on Aerospace Materials Market Get in touch with us for detailed analysis Know More

Know More

Share on

Aerospace Materials Market by Type (Aluminium Alloys, Steel Alloys, Titanium Alloys, Superalloys, and Composite Materials), Aircraft Type (Military Aircraft, Commercial Aircraft, Business & General Aviation, Helicopters), and Region - Forecast to 2027

Published: January, 2022
ID: 9263
Pages: 175

Aerospace Materials Market Size & Growth (2021- 2026)

Global Aerospace Materials Market is expected to reach US$ 30.08 billion by 2026, expanding at a compound annual growth rate of about 7% from 2022 - 2027. 

Aerospace materials refer to materials used by original equipment manufacturers (OEMs) and component manufacturers for the construction of various aircraft parts. The materials used in the design of aircraft have evolved continuously. Previous flights were mainly constructed of spruce and ash with muslin covering the wings, while today's passenger aircraft are mostly made of aluminum with some steel structures. Aluminum is light, technically advanced in terms of formation and alloy, and has a relatively low cost, especially compared to other compounds; therefore, it offers efficient aerodynamic characteristics for the aircraft.

The global aerospace materials market is expected to experience robust growth as a result of increased passenger transportation. It is estimated that increased passenger transport will increase demand for new aircraft. In turn, this should inadvertently increase the expansion of the aerospace materials market over the forecast period. In terms of material type, the aluminum alloy segment held an outstanding market share and is expected to experience substantial expansion in the near future due to its exceptional resistance to fatigue. However, the development of composite materials and their increasing demand could constitute a restriction on the expansion of the aluminum alloy segment of aerospace materials shortly.

Recent developments:

In August 2019, AZoNetwork launched a new generation Fusion FKM 665 technology from Greene Tweed. It has an ultra-low temperature and is a chemical resistant elastomer. It has been manufactured to meet the requirements of the Aerospace Materials Specifications (AMS) 7379 and AMS-P-83461. Its low temperature does not compromise with the high performance of aircraft. This launch had expanded the company's product portfolio.

In May 2019, Markforged launched Onyx FR, a new flame retardant material with a V-0 rating. It is manufactured to meet the demand for flame retardant materials in the aerospace industry. It has a self-extinguishing technology compared to traditional technique with a high-quality surface finish and superior resistance. This launch had broadened the company's product portfolio by increasing its market share in the aerospace market.

January 2018: Solvay and Boeing signed an agreement to supply equipment for the 777X program.

November 2017: Bostik, the Arkema Special Adhesives business line, continues to expand its manufacturing capacities with the opening of a new factory in Gujarat, India.

Market growth and trends:

Souring Demand for Composites

The demand for aircraft is increasing worldwide, and the aerospace industry aims to introduce innovative solutions to improve manufacturing times and reduce costs. Manufacturers are focusing on composite solutions to meet the need to reduce weight and increase energy efficiency. Light compounds are required to mitigate traditional aluminum. The new generation of commercial airplanes and engines has a large number of critical composite structures, which will probably need a large number of adhesives and other materials. The use of thermoplastic compounds can reduce the weight of the support by up to 20%, as they help replace metal fasteners with adhesives. Each kilogram saved reduces fuel consumption and reduces operational costs and the ecological footprint of the aircraft. These factors are driving the demand for aerospace materials worldwide

Growing demand for epoxy adhesives:

Epoxies have excellent resistance, do not produce volatile substances during hardening and have low shrinkage. However, they may have little resistance to peeling and flexibility and are fragile. Epoxy adhesives are available in one part, two parts and in the form of a film, and produce powerful, durable bonds with most materials. These are used to join aircraft structures and fuselage structures, such as structural components of the fuselage, fin and fin control surfaces, tail components, compound fairings, cargo liners, radomes, doors and landing gear floors.

Drivers and Market Restraints:

The main drivers of growth in the global aerospace materials market are the increased demand for new aircraft, the increase in aircraft size, the change in technology and the high replacement rate. Materials such as aluminum alloys, titanium alloys and composite materials are used for the construction of airplanes. However, the increasing use of composite materials and titanium alloys in the new aircraft generation is likely to increase the demand for these materials in the near future.

The growing demand for several aircraft in the Asia-Pacific region and other emerging regions is the primary driver of growth in the aerospace materials industry. Future growth focuses on developing economies, particularly in Asia-Pacific and other emerging economies. China and India, in particular, stand out as emerging markets worthy of Latin America. The APAC region seems promising due to the number of facilities expansions, mergers and acquisitions and strategic partnerships that have taken place in this region. Also, the sharp increase in foreign investment and the increase in the number of new manufacturing facilities will stimulate the aerospace compound market in the APAC region.




Market Size Available

2021– 2026

Base Year


Forecast Period

2022 - 2027



Segments Covered

By Type, By Type of Aircraft

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Alcoa Corporation, Aleris Corporation, AMG Advanced Metallurgical Group, AMI Metals, Air Transport International, Inc.,


Aerospace Materials Market Segmentation:

Depending on the type

• Aluminum Alloys

• Steel Alloys

• Titanium Alloys

• Superalloys

• Composite Materials

• Others

Of these, the aluminum alloys accounted for the dominant share in the global aerospace materials market in the review period and is foreseen to expand with a considerable CAGR in the forecast period. Nevertheless, the composite materials are predicted to develop exponentially in the coming years and may grab some of the aluminum alloy's revenue share.

Depending on the type of aircraft:

• Military Aircrafts

• Commercial Airplanes

• Helicopters

• Business and General Aviation.

• Others

Among these, the commercial airplanes segment is projected to dominate the global aerospace materials business in the coming years with the rise in air passengers and demand for new aircraft.

Aerospace Materials Market Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Geographically, North America aerospace materials market held the lion's share in the global business in the previous years and likely to continue its reign in the foreseen years. The presence of key market players and a greater number of air travellers are primarily driving the industry growth in the North American market.

Key Market Players:

Few major competitors currently operating in the global aerospace materials market are Alcoa Corporation, Aleris Corporation, AMG Advanced Metallurgical Group, AMI Metals, Air Transport International, Inc., Avdel, Constellium, Solvay, DOW, Hexcel Corporation, Hindalco - Almex Aerospace Limited, Kaiser Aluminum, Kobe Steel, Ltd, Koninklijke Ten Cate bv., Lee Aerospace, Materion Corporation, PARK AEROSPACE CORP, Renegade Materials Corporation, SGL Carbon, TATA Advanced Materials Limited., and Sofitec Aero, SL.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                   

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods  

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends   

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Aerospace Materials Market, By Type                             

                                6.1.1 Aluminium Alloys 

                                6.1.2 Steel Alloys             

                                6.1.3 Titanium Alloys     

                                6.1.4 Superalloys             

                                6.1.5 Composite Materials          

     6.1.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.7 Y-o-Y Growth Rate Analysis              

                                6.1.8 Market Attractiveness Index           

                6.2 Aerospace Materials Market, By Aircraft Type  

                                6.2.1 Commercial Aircraft            

                                6.2.2 Business & General Aviation            

                                6.2.3 Helicopters             

                                6.2.4 Military Aircraft    

     6.2.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.6 Y-o-Y Growth Rate Analysis              

                                6.2.7 Market Attractiveness Index           

7. Geographical Landscape                                         

  7.1 Global Identity Governance and Administration Market, by Region   

                7.2 North America - Market Analysis (2018 - 2024) 

                                7.2.1 By Country              



                                7.2.2 By Type    

                                7.2.3 By Aircraft Type    

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Aircraft Type    

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Aircraft Type    

                7.5 Latin America                            

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Aircraft Type    

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Type    

                                7.6.3 By Aircraft Type    

8. Key Player Analysis                                    

                8.1 Alcoa Corporation                   

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Solvay AG                    

                8.3 Aleris Corporation                   

                8.4 AMG Advanced Metallurgical Group                

                8.5 AMI Metals                

                8.6 Kaiser Aluminum                     

                8.7 Kobe Steel, Ltd                          

                8.8 Koninklijke Ten Cate BV                         

                8.9 Lee Aerospace                          

                8.10 Materion Corporation                         

9. Market Outlook & Investment Opportunities                                 


                List of Tables                     

                List of Figures                   

  1. Global Aerospace Materials Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Aerospace Materials Market By Type, From 2022 - 2027 ( USD Billion )
  3. Global Aluminium Alloys Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Steel Alloys Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Titanium Alloys Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Superalloys Market By Region, From 2022 - 2027 ( USD Billion )
  7. Global Composite Materials Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Aerospace Materials Market By Aircraft Type, From 2022 - 2027 ( USD Billion )
  9. Global Commercial Aircraft Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Business & General Aviation Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Helicopters Market By Region, From 2022 - 2027 ( USD Billion )
  12. Global Military Aircraft Market By Region, From 2022 - 2027 ( USD Billion )

Please wait. . . . Your request is being processed




pdf excel


pdf excel powerbi




What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • 6 Months of Free Analyst Support.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • 1 Year of Free Analyst Support.
  • PDF, Excel and Power BI Dashboard.
  • Can be accessible by unlimited users.
  • 1 Year of Free Analyst Support.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.

Talk to our analyst and get customised report done according to your research needs


Check if you can avail any discount. Submit your details and our team will get back to you.


Request to avail a free sample report that reflects this market and its growth.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 4255

Didn’t find what you’re looking for?

Find it too expensive?

Click for Request Sample