Global Composite Materials and Aluminum Alloys in Aerospace Market 2024-2028

Description

List of Tables

The composite materials and aluminum alloys in aerospace market is forecasted to grow by USD 49.39 bn during 2023-2028, accelerating at a CAGR of 9.23% during the forecast period. The report on the composite materials and aluminum alloys in aerospace market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for weight reduction and fuel efficiency in aircraft, rising air traffic pushing the aerospace industry to explore composite materials, and composite materials and aluminum alloys providing long-term cheaper opportunities for aerospace manufacturing.

Technavio's composite materials and aluminum alloys in aerospace market are segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	8.79%
CAGR	9.23%
Incremental Value	$49.39bn

By Type

Aluminum alloys
Composites

By Application

Commercial aircraft
Military aircraft
Business and general aviation
Helicopters

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the improved corrosion resistance of aluminum alloys as one of the prime reasons driving the composite materials and aluminum alloys in aerospace market growth during the next few years. Also, rising adoption of carbon fiber-reinforced plastic composites in aircraft components and rising demand for lightweight aluminum alloys will lead to sizable demand in the market.

The report on the composite materials and aluminum alloys in aerospace market covers the following areas:

Composite materials and aluminum alloys in aerospace market sizing
Composite materials and aluminum alloys in aerospace market forecast
Composite materials and aluminum alloys in aerospace market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading composite materials and aluminum alloys in aerospace market vendors that include Alcoa Corp., Allegheny Technologies Inc., AMG Advanced Metallurgical Group NV, Arconic Corp., Berkshire Hathaway Inc., Constellium SE, General Electric Co., Hexcel Corp., Hindalco Industries Ltd., Kaiser Aluminum Corp., Kobe Steel Ltd., Materion Corp., Mitsubishi Chemical Group Corp., Owens Corning, SGL Carbon SE, Solvay SA, Teijin Ltd., The Boeing Co., thyssenkrupp AG, and Toray Industries Inc.. Also, the composite materials and aluminum alloys in aerospace market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77542

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global composite materials and aluminum alloys in aerospace market 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Application Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments
6.2 Comparison by Type
6.3 Aluminum alloys - Market size and forecast 2023-2028
6.4 Composites - Market size and forecast 2023-2028
6.5 Market opportunity by Type

7 Market Segmentation by Application

7.1 Market segments
7.2 Comparison by Application
7.3 Commercial aircraft - Market size and forecast 2023-2028
7.4 Military aircraft - Market size and forecast 2023-2028
7.5 Business and general aviation - Market size and forecast 2023-2028
7.6 Helicopters - Market size and forecast 2023-2028
7.7 Market opportunity by Application

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 China - Market size and forecast 2023-2028
9.10 Germany - Market size and forecast 2023-2028
9.11 France - Market size and forecast 2023-2028
9.12 Japan - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Alcoa Corp.
12.4 Berkshire Hathaway Inc.
12.5 Constellium SE
12.6 Hexcel Corp.
12.7 Hindalco Industries Ltd.
12.8 Kobe Steel Ltd.
12.9 Materion Corp.
12.10 Mitsubishi Chemical Group Corp.
12.11 Owens Corning
12.12 SGL Carbon SE
12.13 Solvay SA
12.14 Teijin Ltd.
12.15 The Boeing Co.
12.16 thyssenkrupp AG
12.17 Toray Industries Inc.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations