Global Aerospace Aluminium Market Research Report Information by Grade By Process By End Use and By Region Forecast to 2032

Description

List of Tables

Global Aerospace Aluminium Market Research Report Information by Grade (2024 Grade, 7075 Grade, 6061 Grade, 6082 Grade, and Others) By Process (Casting, Extrusion, Welding, Forging, and Others) By End Use (Commercial Aviation, Business & General Aviation, Military & Defense, and Others) and By Region Forecast to 2032

Market Overview

In 2023, the aerospace aluminium market was valued at USD 7638.86 million. The Aerospace Aluminium Market is expected to increase from USD 8696.50 million in 2024 to USD 15152.77 million by 2032, with a compound yearly growth rate (CAGR) of 7.2% over the forecast period (2024-2032). With increased urbanization and a fast expanding aviation sector, we may witness a surge in demand for aerospace aluminium over the projection period. The increasing industry demand for lighter and more sustainable materials to improve aircraft performance, fuel efficiency, and environmental sustainability is having a favorable impact on the aerospace aluminium market. Advanced aluminium alloys are increasingly being employed in complicated and high-performance structural components in order to withstand the severe circumstances of high-altitude flight while reducing total aircraft weight.

Governments and international organizations are enacting strict laws aimed at lowering greenhouse gas emissions. Lighter aircraft require less fuel, which directly translates to less carbon emissions. As a result, the use of aerospace aluminum corresponds with regulatory criteria for greener aviation practices by contributing to lower fuel consumption. Aluminum is also a sustainable material because it can be recycled. It can be recycled with little energy input and reused without significantly degrading its characteristics. This feature of aluminum has made it an appealing option for enterprises looking to meet environmental laws while also supporting a circular economy in industry.

Market Segment insights

The global Aerospace Aluminium Market has been segmented based on grade, with 2024 Grade, 7075 Grade, 6061 Grade, 6082 Grade, and Others.

According to the process, the global market is divided into Casting, Extrusion, Welding, Forging, and Others. The aluminium market has been divided into four segments: commercial aviation, business and general aviation, military and defense, and others.

Regional insights

The Asia-Pacific Aerospace Aluminium market had the largest market share and is predicted to account for a sizable revenue share over the forecast period. The North American aerospace aluminum market is a significant component of the overall aerospace industry. This is primarily driven by the growing demand for lightweight, high-strength materials in aircraft manufacture. Aluminum is widely utilized because of its high strength-to-weight ratio, corrosion resistance, and cost effectiveness. The region's aerospace sector is a major driver of aluminum demand, with applications ranging from commercial to military to space. The United States is North America's top producer and user, with major corporations such as Boeing and Lockheed Martin pushing rising demand for aluminum components in airplanes and spacecraft. Aluminum alloys 2024 and 7075 are especially appreciated for their enhanced durability and resistance to stress and strain. The industry is impacted by increased air traffic, military procurement orders, advancements in aircraft technology, and sustainability efforts. Manufacturers focusing on lowering carbon emissions are increasingly looking into more lightweight materials for fuel efficiency, increasing demand for aerospace-grade aluminum.

Major Players

Alcoa Corporation, Constellium, Kaiser Aluminium, Hindalco Industries Ltd., Thyssenkrupp, AMG (Advanced Metallurgical Group), VSMPO-AVISMA Corporation, Aluminium Precision Products, Inc., Mifa Aluminium, Wuxi HENG TAI AEROSPACE Science and Technology Co., Ltd., and UACJ Corporation are among the Aerospace Aluminium Market's key players.

Product Code: MRFR/CnM/41626-CR

1 EXECUTIVE SUMMARY

1.1 KEY HIGHLIGHTS

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLO
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING DEMAND FOR LIGHTWEIGHT MATERIALS
- 4.2.2 GROWTH OF COMMERCIAL AVIATION INDUSTRY
4.3 RESTRAINTS
- 4.3.1 HIGH COST OF RAW MATERIALS
4.4 OPPORTUNITY
- 4.4.1 EMERGING MARKETS FOR AIRCRAFT MANUFACTURING
4.5 IMPACT ANALYSIS OF COVID-19
- 4.5.1 IMPACT ON SUPPLY
- 4.5.1 IMPACT ON DEMAND
4.6 IMPACT ANALYSIS OF RUSSIA-UKRAINE WAR
- 4.5.1 IMPACT OF ECONOMIC RECESSION BY REGION

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 PARTICIPANTS (AT DIFFERENT NODES)
  - 5.1.1.1 RAW MATERIAL SUPPLIERS
  - 5.1.1.1.1FEEDSTOCK SELECTION & PROCUREMENT
  - 5.1.1.1.2 QUALITY AND PURITY STANDARDS
  - 5.1.1.1.3 LIST OF RAW MATERIAL SUPPLIERS
  - 5.1.1.2 MANUFACTURERS
  - 5.1.1.2.1 PRODUCTION PROCESS
  - 5.1.1.2.2 LIST OF MANUFACTURERS BY COUNTRY (COMPANY NAME, HEADQUARTERS AND CONTACT DETAILS)
  - 5.1.1.3 DISTRIBUTION CHANNEL
  - 5.1.1.3.1 LOGISTICS
  - 5.1.1.3.2 SALES AND MARKETING STRATEGIES
  - 5.1.1.3.3 LIST OF DISTRIBUTORS/SUPPLIERS
  - 5.1.1.4 END-USER
  - 5.1.1.4.1 CUSTOMER NEEDS, PREFERENCES, PAIN POINTS & APPLICATIONS
  - 5.1.1.4.2 LIST OF POTENTIAL CUSTOMERS/END USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 BARGAINING POWER OF SUPPLIERS
- 5.2.2 BARGAINING POWER OF BUYERS
- 5.2.3 THREAT OF NEW ENTRANTS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY
5.3 CASE STUDY ANALYSIS
- 5.3.1 CASE STUDY
- 5.3.2 CASE STUDY
5.4 PRICING ANALYSIS, BY REGION (USD/TON)
5.5 PERFORMANCE CHARACTERISTICS ANALYSIS
- 5.5.1 STRENGTH-TO-WEIGHT RATIO
- 5.5.2 CORROSION RESISTANCE
- 5.5.3 FATIGUE RESISTANCE
- 5.5.4 TEMPERATURE PERFORMANCE
- 5.5.5 FORMABILITY
5.6 REGULATORY FRAMEWORK
- 5.6.1 GOVERNMENTAL POLICIES
- 5.6.2 PATENT ANALYSIS
5.7 TECHNOLOGICAL ADVANCEMENTS
- 5.7.1 ADDITIVE MANUFACTURING (3D PRINTING)
- 5.7.2 ADVANCED PROCESSING TECHNIQUES
- 5.7.3 SURFACE TREATMENTS AND COATINGS
- 5.7.4 SMART MATERIALS AND STRUCTURES
- 5.7.5 ADVANCED ALLOYS
5.8 R&D UPDATE
- 5.8.1 CURRENT SCENARIO
- 5.8.2 FUTURE ROADMAP
- 5.8.3 NOVEL APPLICATIONS
- 5.8.4 KEY DEVELOPMENTS
5.9 BROAD LEVEL GAP ANALYSIS
5.10 TRADE ANALYSIS (HS CODE: 2606) (IN USD THOUSAND)
- 5.10.1 NET IMPORTS & EXPORTS
  - 5.10.1.1 NET IMPORT
  - 5.10.1.2 NET EXPORT
- 5.10.2 KEY COUNTRIES
  - 5.10.2.1 KEY IMPORTERS
  - 5.10.2.2 KEY EXPORTERS
- 5.10.3 TRADE IMPACT ON THE MARKET

6 GLOBAL AEROSPACE ALUMINUM MARKET, BY CONSTRUCTION

6.1 INTRODUCTION
- 6.1.1 2024 GRADE
- 6.1.2 7075 GRADE
- 6.1.3 6061 GRADE
- 6.1.4 6082 GRADE
- 6.1.5 OTHERS

7 GLOBAL AEROSPACE ALUMINUM MARKET, BY STORAGE

7.1 INTRODUCTION
- 7.1.1 CASTING
- 7.1.2 EXTRUSION
- 7.1.3 WELDING
- 7.1.4 FORGING
- 7.1.5 OTHERS

8 GLOBAL AEROSPACE ALUMINUM MARKET, BY END USER

8.1 INTRODUCTION
- 8.1.1 COMMERCIAL AVIATION
- 8.1.2 BUSINESS & GENERAL AVIATION
- 8.1.3 MILITARY AND DEFENSE
- 8.1.3 OTHERS

9 GLOBAL AEROSPACE ALUMINUM MARKET, BY REGION

9.1 OVERVIEW
9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.2 CANADA
- 9.2.3 MEXICO
9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.2 UK
- 9.3.3 FRANCE
- 9.3.4 RUSSIA
- 9.3.5 SPAIN
- 9.3.6 ITALY
- 9.3.7 NETHERLANDS
- 9.3.8 POLAND
- 9.3.9 DENMARK
- 9.3.10 REST OF EUROPE
9.4 ASIA PACIFIC
- 9.4.1 CHINA
- 9.4.2 JAPAN
- 9.4.3 INDIA
- 9.4.4 SOUTH KOREA
- 9.4.5 REST OF ASIA PACIFIC
9.5 SOUTH AMERICA
- 9.5.1 BRAZIL
- 9.5.2 ARGENTINA
- 9.5.3 REST OF LATIN AMERICA
9.6 MIDDLE EAST & AFRICA
- 9.6.1 SOUTH AFRICA
- 9.6.2 GCC COUNTRIES
- 9.6.3 TURKEY
- 9.6.4 REST OF THE MIDDLE EAST & AFRICA

10 COMPETITIVE LANDSCAPE

10.1 INTRODUCTION
10.2 COMPANY MARKET SHARE ANALYSIS, 2023 (%)
10.3 COMPETITION DASHBOARD
10.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL,
10.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 10.5.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT
- 10.5.2 CAPACITY EXPANSION
- 10.5.3 CONTRACT
- 10.5.4 PARTNERSHIP

11 COMPANY PROFILES

11.1 ALCOA CORPORATION
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGY
11.2 CONSTELLIUM
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGY
11.3 KAISER ALUMINIUM
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGY
11.4 HINDALCO INDUSTRIES LTD.
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGY
11.5 THYSSENKRUPP
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGY
11.6 AMG (ADVANCED METALLURGICAL GROUP)
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGY
11.7 VSMPO-AVISMA CORPORATION
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGY
11.8 ALUMINIUM PRECISION PRODUCTS, INC.
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGY
11.9 MIFA ALUMINIUM
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGY
11.10 WUXI HENG TAI AEROSPACE SCIENCE AND TECHNOLOGY CO., LTD.
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGY
11.11 UACJ CORPORATION
- 11.11.1 COMPANY OVERVIEW
- 11.11.2 FINANCIAL OVERVIEW
- 11.11.3 PRODUCTS OFFERED
- 11.11.4 KEY DEVELOPMENTS
- 11.11.5 SWOT ANALYSIS
- 11.11.6 KEY STRATEGY
11.12 RELATED REPORTS