Learn about the global Aerospace Materials market through The Business Research Company, which provides information on aerospace materials market size, aerospace materials market drivers and restraints, aerospace materials market players, the COVID-19 impact on the aerospace materials market, and more.

The global aerospace materials market size is expected to grow from $18.88 billion in 2021 to $20.20 billion in 2022 at a compound annual growth rate (CAGR) of 6.98%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The aerospace material market is expected to reach $26.60 billion in 2026 at a CAGR of 7.12%.

The increasing demand for lightweight and fuel-efficient aircraft will propel the growth of the aerospace materials market.

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The aerospace materials market consists of sales of aerospace materials by entities (organizations, sole traders, and partnerships) that are made up of metal alloys or polymeric-based materials developed for aerospace applications. Aerospace materials are used for a variety of aerospace components because they have enhanced qualities such as high tensile strength, superior temperature tolerance, enhanced transparency, and a hard surface. In the construction of aircraft parts such as airframes, windows, interiors, engine components, propulsion systems, mirrors, and ceilings, aerospace manufacturers are shifting their preference toward materials such as advanced plastics, carbon, or glass-based fiber composites, and thus replacing conventional metals.

Global Aerospace Materials Market Segments Include:

By Type: Aluminum Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composites

By Aircraft Type: Commercial Aircraft, Business and General Aviation, Civil Helicopters, Military

By Application: Aero Structure, Components, Cabin Interiors, Propulsion System, Equipment, System, and Support, Satellites, Construction and Insulation Components

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe was the largest region in the aerospace materials market in 2021.

The development of carbon fiber composites for making various aerospace structures and parts is an emerging trend in the aerospace materials market. Carbon fiber is a material composed of carbon atoms arranged in long, thin crystals that can be molded with epoxy into practically any shape, even designs that are impossible to achieve with metals or without welding many sections together and creating weak points. Due to the lightweight, durable, corrosion, and temperature resistant properties of carbon fiber, manufacturers of aerospace materials are focused on developing carbon fiber structures for various aerospace applications.

TBRC’s aerospace materials market report covers:

Major Market Players: Toray Industries, Inc., DuPont de Nemours, Inc., Aleris International, Hexcel Corporation, Alcoa Corporation, Koninklijke Ten Cate BV, Arkema S.A., Cytec Solvay Group, Arconic Inc. (Alcoa Corp.), SABIC, NOVELIS, Gurit, Constellium N.V, Cytec Solvay Group, WS Atkins plc, Teijin Limited, and Hyosung Advanced Materials.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Aerospace Materials Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides aerospace materials market overviews, analyzes and forecasts market size, share, aerospace materials market players, aerospace materials market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s aerospace materials market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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