1. Home
  2. > Aerospace and Defense
  3. > Aerospace Market Trends
Global Aerospace Materials Industry

Global Aerospace Materials Industry

  • October 2022
  • 499 pages
  • ID: 5797793
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

Abstract:

What`s New for 2022?

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 our digital archives and MarketGlass Research Platform

Complimentary updates for one year
- Global Aerospace Materials Market to Reach $28.7 Billion by 2026
- Aerospace materials refer to materials employed by aircraft OEMs & component manufacturers to build various aircraft components and parts. In the aerospace engineering sector, material engineering represents an important field which is characterized by continuous innovation and strong investments in research and development (R&D). Currently, few of the innovative materials used in aircraft and aircraft parts production include carbon fiber, advanced composites, new metal alloys beyond lightweight aluminum alloys such as alloys of titanium and beryllium; and new composites designed to improve robustness, durability, thermal resistance, fire resistance of aerospace products. Amid the COVID-19 crisis, the global market for Aerospace Materials estimated at US$22.9 Billion in the year 2022, is projected to reach a revised size of US$28.7 Billion by 2026, registering a compounded annual growth rate (CAGR) of 6.2% over the analysis period. The United States represents the largest regional market for Aerospace Materials and is projected to reach US$9.1 Billion by 2026. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 9.4% over the analysis period.
- Growth in the global market is set to be fueled mainly by the strongly growing commercial air travel demand. The demand for stronger, lighter, safer, quieter operating, fuel efficient and lower emission aircraft is driving demand for next generation materials in manufacturing. Some of the key factors driving growth in the market include the growth in the number of orders and deliveries for new and wide-bodied commercial aircraft, increasing number of low-cost carriers, rising demand for lightweight and more fuel-efficient aircraft, and technological advancements in composite materials. Emphasis is also on making components and parts that are easy to assemble. Some of the newer materials under R&D include microfibrillated cellulose (MFC), Magnesium, Nano Adaptive Hybrid Fabric also known as fuzzy fibers; Fiber metal laminates (FML), reinforced aluminum (CentrAl); ceramic matrix composites (CMCs). MFC especially is gaining robust R&D interest given the material`s high strength and thermal stability. The coming age of drones, also known as micro-air vehicles, is creating new and unique material demand. Materials capable of storing electrical energy are of especial interest to the drone engineering community. Polymer membranes and artificial muscles are being currently researched with prototype versions depicting the ability to change shape based on flying conditions and environment supported by the electrical current stored in the material. The US represents the largest market for aerospace materials, primarily due to significant research and development investments by the government in the aerospace industry, the presence of several major aircraft manufacturers, such as Lockheed Martin and Boeing, and adoption of various growth strategies, such as expansions and mergers and acquisitions by leading market participants. In Asia-Pacific, the region has been witnessing a significant rise in demand for new aircraft on account of the economic growth and an increase in disposable income that has led to the rapid increase in the number of air travelers and low-cost carriers, which is expected to drive growth in the regional market.
- The market for Composite Materials is forecast to emerge as the dominant aerospace material category over the analysis period. Composites are increasingly being preferred over traditional material for production of a range of products for a simple reason that they combine properties of different constituent material to provide more benefits and features to the end-users. Composite materials are thus driving the trend of one piece designs, or fewer components in aircraft assembly. Man-made composite materials used in the aerospace industry mainly comprise carbon-fibre-reinforced plastic (CFRP) and glass-fibre-reinforced plastic (GFRP). CFRPs are the most used composite materials in both functional and cabin components currently. Aircraft OEMs have started incorporating considerable amounts of carbon composites even in single-aisle, long in-service passenger jets.

Select Competitors (Total 42 Featured)
Aleris Corporation
Arconic, Inc.
ATI Metals
Constellium SE (Netherlands)
Kaiser Aluminum
Kobe Steel, Ltd.
Rio Tinto Group
Solvay S.A.
Teijin Limited
Toray Industries, Inc.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Polymer Matrix Composites Market Growth Opportunities, 2023 - Market Insights, Mega Trends, Companies, and Forecasts to 2030

  • $ 4880
  • November 2022
  • 170 pages

Polymer Matrix Composites market outlook The Polymer Matrix Composites Market analysis and outlook report presents forecasts by Type, Application, country, and companies. The Polymer Matrix Composites ...

  • World
  • Europe
  • Aerospace
  • Automotive
  • Industry analysis

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on