Aerospace Materials Market Share

ID: MRFR/CnM/6956-HCR

185 Pages

Chitranshi Jaiswal

October 2025

Aerospace Materials Market Research Report Information By Material Type (Composite, Steel, Titanium, Aluminum, Others), By Aircraft Type (Civil Aircraft, Military Aircraft, Others) - Forecast to 2035

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Market Share

Aerospace Materials Market Share Analysis

In order to meet the strict demands of the aerospace industry, the Aerospace Materials Market depends on a series of strategic initiatives to maintain and grow its market share. Because aerospace applications are complicated and demanding, these tactics are essential for businesses in this industry. An examination of the primary market share positioning techniques influencing the aerospace materials market is provided below: Superior Composites: Aerospace businesses may meet the industry's demand for performance optimization by investing in the development of innovative composite materials, such as carbon fiber-reinforced plastics, which offer lightweight and high-strength options. Customized Resolutions: Providing materials that are customisable and suited to particular aerospace applications guarantees that businesses can meet the particular needs of various aircraft components, which promotes market distinction and customer loyalty. Collaboration in the Supply Chain: Building solid relationships with manufacturers and suppliers of raw materials guarantees a steady and dependable supply of materials, lowering the possibility of interruptions and raising total production efficiency. OEMs and Research Institutions: Companies may speed innovation, facilitate knowledge exchange, and place themselves at the forefront of aerospace material breakthroughs by collaborating with OEMs and research institutes. High Standards for Certification: Gaining market trust requires adhering to stringent aerospace regulatory standards and receiving the necessary certifications, since manufacturers and aviation authorities only accept aircraft materials that meet severe safety and performance requirements. Proactive Compliance: Organizations can maintain compliance by anticipating changing regulations and making proactive adjustments to materials to meet or beyond industry standards. Fuel economy: Materials that help reduce weight, including sophisticated alloys and composites, become crucial since fuel economy is a crucial component in the aerospace industry. Businesses that concentrate on lightweight solutions have a commercial advantage. Enhanced Performance: Lightweight materials help to improve overall aircraft performance by reducing fuel consumption and enabling longer flight ranges and higher cargo capacities.

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

Who are the change agents in the aerospace materials market?

Global Titanium Inc., AMETEK Inc., Precision Castparts Corp, Supreme Engineering Ltd, and AMG Advanced Metallurgical Group are the foremost contenders in the market.

What is the CAGR evolution observed in the aerospace materials market?

A 7% CAGR is assessed to create change in the upcoming period.

What is the paying capability of the Aerospace materials market in the estimated time frame of 2035?

A USD 60 Billion by 2035 is anticipated to influence the Aerospace Materials Market development in the figure time frame.

Which regions are controlling the aerospace materials market?

The North American region is estimated to guide the overall market in the forecast period.

Which factors are inspiring the aerospace materials market?

The collective aerospace fleet growth is likely to benefit the global market.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per Market Research Future Analysis, the Aerospace Materials Market is projected to grow significantly, driven by the increasing demand from the aviation industry. The market was valued at USD 35 billion in 2030 and is expected to reach USD 60 billion by the end of the forecast period in 2030, growing at a CAGR of 7%. The market encompasses materials used in various aircraft types, including commercial, military, and drones. The COVID-19 pandemic severely impacted the market, causing a sharp decline in demand and disruptions in the supply chain. However, recovery has been swift post-restrictions. Key drivers include the growing airline industry, advancements in technology, and the rising popularity of air travel. Aluminum alloys dominate the market, accounting for about 80% of materials used, while composite materials are gaining traction due to their superior properties.

Key Market Trends & Highlights

The Aerospace Materials Market is witnessing transformative trends driven by technological advancements and increasing air travel demand.

Market value projected to reach USD 60 billion by 2030; CAGR of 7% from 2022-2030.
Aluminum alloys account for 80% of materials used in aircraft manufacturing.
Commercial aircraft segment dominates with 75% of total material demand.
Asia-Pacific is the fastest-growing regional segment due to rising air travel.

Aerospace Materials Market

CAGR

Market Size & Forecast

Current Market Size	USD 35 Billion
Forecasted Market Size by 2030	USD 60 Billion
CAGR	7%
Major Market Segment	Commercial Aircraft.

Major Players

Global Titanium Inc, AMETEK Inc, ArcelorMittal, NSSMC Group, Supreme Engineering Ltd Technologies, AMG Advanced Metallurgical Group, Allegheny Incorporated (ATI), Precision Castparts Corp, Special Metals, Doncasters Group Ltd.

Market Trends

The ongoing evolution of aerospace materials, characterized by a shift towards lightweight composites and advanced alloys, appears to enhance fuel efficiency and overall performance in the aviation sector.

U.S. Department of Transportation

Aerospace Materials Market Market Drivers

Market Trends and Projections

The Global Aerospace Materials Market Industry is characterized by various trends and projections that reflect its dynamic nature. The market is expected to reach a value of 60 USD Billion by 2035, with a modest CAGR of 0.12% anticipated from 2025 to 2035. Factors such as technological advancements, regulatory changes, and shifts in consumer preferences are likely to shape the industry's landscape. The increasing focus on sustainability and lightweight materials will further influence market dynamics. Understanding these trends is essential for stakeholders to navigate the evolving aerospace materials landscape effectively.

Increasing Focus on Sustainability

The Global Aerospace Materials Market Industry is witnessing a shift towards sustainability, as manufacturers prioritize environmentally friendly materials and practices. The aerospace sector is increasingly adopting bio-based composites and recyclable materials to minimize its ecological footprint. This trend aligns with global efforts to reduce greenhouse gas emissions and promote sustainable aviation. For instance, companies are exploring the use of natural fibers and resins in aircraft production. The emphasis on sustainability is likely to drive innovation and investment in new materials, contributing to the market's anticipated growth at a CAGR of 0.12% from 2025 to 2035.

Expansion of the Aerospace Industry

The expansion of the aerospace industry is a key driver of the Global Aerospace Materials Market Industry. As global air travel continues to grow, there is an increasing demand for new aircraft and upgrades to existing fleets. This expansion necessitates a corresponding increase in the supply of aerospace materials, including composites, metals, and alloys. The rise in commercial and military aircraft production is expected to bolster the market, with projections indicating a market value of 59.2 USD Billion in 2024. The ongoing development of new aircraft models, such as the next-generation commercial jets, further underscores the need for advanced materials to meet performance and efficiency standards.

Growing Demand for Lightweight Materials

The Global Aerospace Materials Market Industry experiences a notable increase in demand for lightweight materials, driven by the need for fuel efficiency and reduced emissions. Aircraft manufacturers are increasingly adopting advanced composites and aluminum alloys to achieve weight reduction. For instance, the use of carbon fiber reinforced polymers is becoming prevalent, as these materials can reduce aircraft weight by up to 20 percent. This trend is expected to contribute to the market's projected value of 59.2 USD Billion in 2024, as airlines seek to lower operational costs and enhance performance. The shift towards lightweight materials is likely to shape the industry's future significantly.

Regulatory Compliance and Safety Standards

Regulatory compliance and safety standards significantly influence the Global Aerospace Materials Market Industry. Stringent regulations imposed by aviation authorities necessitate the use of high-quality materials that meet safety and performance criteria. Manufacturers are compelled to invest in advanced materials that comply with these regulations, ensuring the safety of passengers and cargo. For example, the Federal Aviation Administration (FAA) mandates rigorous testing and certification processes for aerospace materials. This focus on compliance not only enhances safety but also drives innovation in material development, ultimately supporting the market's growth and stability.

Technological Advancements in Material Science

Technological advancements in material science play a crucial role in the Global Aerospace Materials Market Industry. Innovations such as additive manufacturing and nanotechnology are enabling the development of high-performance materials with superior properties. For example, the introduction of titanium alloys with enhanced strength-to-weight ratios allows for more efficient aircraft designs. These advancements not only improve the durability and performance of aerospace components but also reduce production costs. As the industry continues to evolve, the integration of these technologies is expected to support the market's growth trajectory, potentially reaching 60 USD Billion by 2035.

Market Segment Insights

Regional Insights

Key Companies in the Aerospace Materials Market market include

Industry Developments

In June 2023, Allegheny Technologies Incorporated said it had secured an estimated $1.2 billion in new sales commitments for nickel and titanium materials from leading aerospace and defense companies.

In June 2023, DuPont de Nemours Inc. presented the set of advanced materials for aerospace technologies of the new generation at the 54 International Paris Show.

In May 2023, Hexcel Corporation announced the grand opening of a major extension project completion at the engineered core operations plant in Morocco to cater to the increasing need for lightweight advanced composite materials for the aerospace sector.

In October 2022, Toray Composite Materials America together with Speciality Materials, a manufacturer of boron fibers, established joint ventures for the manufacture of functional aerospace materials of the new generation. Such a move is expected to bolster Toray’s standing in the aerospace materials market.

In October 2021, Duncan Aviation announced the approval of its Welding and Machining departments to be certified under the AWS D1.2/D1.2M Code of America in Infrastructure Welded Aluminum. In order for the business to obtain this certificate, relevant institutional welding experience and developing the business’s still-welding experience were showcased. In order to perform a number of structural welding tasks, a recently developed powerful personal aluminum MiG cables burner with a digitally functional monitor has been acquired. Aluminum remains a crucial component of the aerospace industry.

In July 2021, the Defense Research and Development Institution had plans to fabricate quality beta titanium alloys, and this timber was integrated into the steel products primarily used in the aeronautical components. This titanium beta alloy was developed by the Defense Metallurgy Research Lab, a premier research institute in India engaged in the research domain of resources technology and science sociology. The primary function of a laboratory is the fabrication of ceramic, alloy, metals and other composite materials for the manufacturing of aircraft parts and aviation engine components.

Future Outlook

Aerospace Materials Market Future Outlook

The Aerospace Materials Market is projected to grow at 0.12% CAGR from 2024 to 2035, driven by advancements in lightweight materials, sustainability initiatives, and increased demand for fuel efficiency.

New opportunities lie in:

Invest in research for advanced composite materials to enhance performance and reduce weight.
Develop eco-friendly manufacturing processes to meet sustainability regulations and consumer preferences.
Explore partnerships with aerospace manufacturers to integrate innovative materials in next-generation aircraft designs.

By 2035, the Aerospace Materials Market is expected to stabilize, reflecting a mature phase with ongoing innovation and strategic partnerships.

Market Segmentation

Report Scope

Report Attribute/Metric	Details
Market Size	2030: USD 60 Billion
CAGR	7% (2022–2030)
Base Year	2021
Forecast Period	2022–2030
Historical Data	2020
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Material Type, Aircraft Type
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Global Titanium Inc, AMETEK Inc, Allegheny, Technologies, Incorporated (ATI), Precision Castparts Corp, Supreme Engineering Ltd, Special Metals, AMG Advanced Metallurgical Group, Doncasters Group Ltd, ArcelorMittal, NSSMC Group
Key Market Opportunities	Reduction of the cost of carbon filaments
Key Market Drivers	High interest in composite materials for the aeronautic trade.

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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