Global Aerospace and Defense Materials Market to Reach $34.4 Billion by 2030
The global market for Aerospace and Defense Materials estimated at US$28.5 Billion in the year 2022, is projected to reach a revised size of US$34.4 Billion by 2030, growing at a CAGR of 2.4% over the period 2022-2030. Composites, one of the segments analyzed in the report, is projected to record 2.7% CAGR and reach US$14.3 Billion by the end of the analysis period. Growth in the Aluminum Alloys segment is estimated at 2.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $9.3 Billion, While China is Forecast to Grow at 7.1% CAGR
The Aerospace and Defense Materials market in the U.S. is estimated at US$9.3 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 7.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0% and 1.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.
Select Competitors (Total 196 Featured)
- Alcoa Corporation
- 3M Company
- Arkema Group
- AMG Advanced Metallurgical Group N.V.
- Aperam SA
- Arconic, Inc.
- Arnold Magnetic Technologies
- Advanced Composites, Inc.
- Alcast Technologies Ltd.
- Argosy International Inc.
- Avdel (India) Pvt. Ltd.
- Aluminum Die Cast Co., Inc.
- AirMetals, Inc.
- Atlas Composite Technologies Ltd.
- Avient Corp.