The global market for advanced aerospace materials is estimated to increase from $29.2 billion in 2024 to reach $42.9 billion by 2029, at a compound annual growth rate (CAGR) of 8.0% from 2024 through 2029.
The North American market for advanced aerospace materials is estimated to increase from $13.3 billion in 2024 to reach $18.9 billion by 2029, at a CAGR of 7.3% from 2024 through 2029.
The Asia-Pacific market for advanced aerospace materials is estimated to increase from $3.9 billion in 2024 to reach $6.2 billion by 2029, at a CAGR of 9.5% from 2024 through 2029.
Report Scope
This report provides a thorough qualitative and quantitative assessment of the global market for advanced aerospace materials. It considers 2023 as the base year, and provides revenue forecasts for 2024 to 2029 ($ millions). The report analyzes the market based on type, application, end user and region. Each region is further sub-segmented into key countries. Segmental analysis is broken into:
- Type: Advanced aluminum alloys, advanced composites, titanium alloys, superalloys, advanced steel alloys, ceramic-matrix composites, and advanced adhesives.
- Application: Commercial aircraft, military aircraft, general aviation, and helicopters.
- Commercial aircraft: Passenger aircraft, transport aircraft, and space aircraft.
- End user: Private sector and public sector.
- Region: North America, Europe, Asia-Pacific, and Rest of the World (ROW).
Report Includes
- 113 data tables and 51 additional tables
- Analyses of global market trends for advanced aerospace materials, with market revenue data for 2023, estimates for 2024, forecast for 2025 and 2027, and projected CAGRs through 2029
- Estimates of the size and growth forecasts of the global market, and a corresponding market share analysis by material type, aircraft type, ownership type, and region/country
- Facts and figures pertaining to current trends, market dynamics, technological advances, regulations and standards, and the impact of various macroeconomic factors
- Insights derived from the Porter's Five Forces model, as well as global value/supply chain and PESTLE analyses, and case studies
- Evaluation of recent patent activity and key granted and published patents
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Review of emerging trends and technologies, and new developments in advanced aerospace materials
- Analysis of the industry structure, including companies' market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
- Company profiles of major players within the industry, including Solvay, DuPont, Ametek Inc., and Constellium