Global Aerospace and Defense Materials Strategic Business Report 2023: Slow Recovery in Commercial Aviation Sector Presents Opportunities

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Global Market for Aerospace and Defense Materials

Global Market for Aerospace and Defense Materials

Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Aerospace and Defense Materials: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Aerospace and Defense Materials estimated at US$21.4 Billion in the year 2022, is projected to reach a revised size of US$34.4 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030.

Composites, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$14.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Aluminum Alloys segment is readjusted to a revised 5.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 8.6% CAGR

The Aerospace and Defense Materials market in the U.S. is estimated at US$7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2030.

Select Competitors (Total 196 Featured) -

• Alcoa Corporation

• Arconic Inc.

• ATI Metals

• Constellium SE

• Evonik Industries

• Hexcel Corporation

• Huntsman International LLC

• Kaiser Aluminum Corporation

• Kobe Steel, Ltd.

• Materion Corp.

• Novelis Inc.

• Rio Tinto Group

• SGL Carbon

• Solvay S.A.

• Strata Manufacturing

• TATA Advanced Materials Limited

• Teijin Limited

• Thyssenkrupp Aerospace Germany GmbH

• Toray Industries, Inc.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Report Metrics:

Report Attribute	Details
No. of Pages	769
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$21.4 Billion
Forecasted Market Value (USD) by 2030	$34.4 Billion
Compound Annual Growth Rate	6.1%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession

• Global Economic Update

• World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics

• War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond

• World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023

• Pandemic Dents Prospects in the Aviation Industry, Impacting the Demand for Aerospace Materials

• Global Airlines Performance by Region: 2020 Vs 2019

• YoY % Change in Revenue Passenger Kilometers (RPK): 2014-2020

• Staged Recovery over Long-Term to Boost Prospects

• Material Supply Crunch Decelerates Recovery of Aerospace Industry

• Aerospace Materials: An Introductory Prelude

• Material Mix Evolves as Fuel Economy Throws the Spotlight on Aircraft Lightweighting

• Competition

• Aerospace and Defense Materials - Global Key Competitors Percentage Market Share in 2023 (E)

• Aerospace and Defense Materials Competitor Market Share Scenario Worldwide (in %): 2018E

• Materials Used in Aircraft Manufacturing

• Market Outlook

• US Dominates the Market

• Asia-Pacific as Powerful Engine for Aviation Industry & Related Materials

• India Emerges as a Lucrative Market

• Recent Market Activity

• WORLD BRANDS

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Slow Recovery in Commercial Aviation Sector Presents Opportunities

• Global Commercial Aircraft New Deliveries by Aircraft Type (2022-2041)

• Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040

• Global Aircraft Deliveries by Region: 2021-2040

• Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities

• Passenger Traffic as Share of 2019 by Country for 2021-2025

• Number of Scheduled Passengers Boarded by Airlines Worldwide industry (In Million) for Years 2018 Through 2023

• Spending Patterns in the Defense Sector to Strengthen Growth Prospects

• Global Military Expenditure in US$ Billion (2016-2021)

• World Steps Up Military Spending in the Wake of the Russia Ukraine War,

• Rising Demand for Fixed Wing Fighter Aircraft Bodes Well

• Military Aircraft Supply Chain to Benefit from the Unfortunate State of Global Geo-Political Affairs: Military Spending by Top Countries in 2022 (In US$ Billion

• Growth of Low-Cost Carriers: An Opportunity for Aerospace Materials Market

• LCC Short Haul Market as % of Total Seat Capacity by Region

• Business & General Aviation Segment Poised to Lead Future Growth in the Aerospace Materials Market

• Global Private Jet Aircraft Industry in US$ Billion: 2021 & 2028

• Global General Aviation Market: Revenue Share (in %) by Aircraft Type: 2023e

• Smart Materials & 3D Printing Gain Spotlight

• List of Select 3D Printing Materials for Aerospace Applications

• Aging Aircraft Expand Opportunities for Engineering Materials

• Aging Aircraft & the Ensuing Need to Ensure Airworthiness of Older Airplanes to Spur Opportunities in the MRO Services Market: Average Age (in Years) of Globally Operating Aircraft Fleet for 2020 & 2030

• Aerospace Industry to Scale New Heights with Innovative, Green Materials

• Composites: The Dominant Aerospace Material Category

• Challenges and Future prospects

• Promising Composites for Aerospace Applications

• Progressive Expansion in Use Case Results in Composites Evolving as Mainstream Aerospace Material

• Composites Make Up for About Half of Total Weight of Modern Aircraft: Percentage Breakdown of Structural Weight Composition by Material for Airbus 350XWB and Boeing 787

• EXHIBIT : Evolution of Composite Materials as % of Aircraft Mass for Select Fighter Aircrafts

• Players Introduce Innovations in Composites Space

• Nanocomposites Evolve into Advanced Solutions in Aircraft Construction

• Carbon Continues to Make Gains as Best-in-Class Aerospace Composites Material

• Asian Companies Dominate Aerospace-Grade Carbon Fiber Production

• Carbon Fiber Composites Find Favor in Aircraft Interiors

• Emergence of New & Unconventional Composites for Use in Aircraft Interiors

• Demand for Polymer Matrix Composites Gain Momentum

• Aerospace Tapes: An Innovative Product

• Composites not the Panacea for Better Aircraft Manufacture as There are Few Disadvantages As Well

• Growing Use of Composites in Airframes Challenge MRO Providers to Seek for Improved Tools and Techniques

• Graphene: The Next Generation Material for Aerospace Industry

• Developments in Aerospace Graphene Materials Space

• Established Role of Aluminium in Aircraft Manufacturing Renders Improved Outlook for Aluminium Alloys

• New Aluminum Alloys to Emerge for Aircraft Manufacture

• Demand for 7000 series Al-Zn Alloys Gains Momentum

• Newer Titanium Alloys Gain Traction in Aerospace Application for Engine Parts and Airframes

• Superalloys Emerge as Key Manufacturing Materials for Aircraft Engines

• Nickel Alloys Combine Immense Strength and Extreme Temperature Tolerance

• Steel Alloys Lend Traction in Producing Long-Lasting Fasteners & Landing Gear Bolts

• Use of Magnesium Based Alloys Witness a Surge

• Aircraft Electrical Systems: The Stronghold Application for Copper & Copper Alloys

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/iir8lo-and?w=12

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• Global Market for Aerospace and Defense Materials

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