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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
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'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


No. of Pages


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


Regions Covered


Key Topics Covered:




  • 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


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



  • 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




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