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DUBLIN, May 06, 2022–(BUSINESS WIRE)–The “Aerospace Materials – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

Global Aerospace Materials Market to Reach $30.1 Billion by 2027

The global aerospace materials market, estimated at US$19.8 billion in 2020, is expected to reach a revised size of US$30.1 billion by 2027, growing at a CAGR of 6.2% over the analysis period 2020-2027.

Aluminum alloys, one of the segments analyzed in the report, is expected to register a CAGR of 6.5% and reach US$10.8 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the alloy steel segment is readjusted to a revised CAGR of 5.2% for the next 7-year period.

The US market is estimated at $6.6 billion, while China is expected to grow at a CAGR of 9.4%

The aerospace materials market in the United States is estimated to be worth US$6.6 billion in 2020. China, the world’s second largest economy, is expected to reach a projected market size of US$3.5 billion by 2027, with a CAGR of 9.4% over the analysis period 2020 to 2027.

Other notable GeoMarkets include Japan and Canada, each predicting growth of 4% and 5% respectively over the 2020-2027 period. In Europe, Germany is expected to grow around 5.7% CAGR.

The titanium alloy segment will register a CAGR of 5.6%

In the global titanium alloy segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 5.3% for this segment. These regional markets representing a combined market size of US$2.5 billion in 2020 will reach a projected size of US$3.5 billion by the end of the analysis period.

China will remain among the fastest growing markets in this group of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$2.3 billion by 2027, while Latin America will grow to a CAGR of 7.3% over the analysis period.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Global Market Trajectories

  • Aerospace materials: an introductory prelude

  • Changing Material Mix as Fuel Economy Emphasizes Lightweighting Aircraft

  • Materials used in aircraft manufacturing

  • The United States dominates the market

  • The global economic environment influences demand dynamics

2. FOCUS ON SELECT PLAYERS (Total 42 Featured)

3. MARKET TRENDS AND DRIVERS

  • Healthy growth in the commercial aviation sector presents opportunities across the aircraft manufacturing supply chain

  • Rapid Growth in Drone Market Drives Demand for Advanced Aerospace Materials

  • Growing demand for wide-body commercial aircraft bodes well for the aerospace materials market

  • Growth of Low-Cost Carriers: An Opportunity for the Aerospace Materials Market

  • LCC short-haul market as % of total seat capacity by region

  • Business and general aviation segment poised to lead future growth of aerospace materials market

  • 3D printing simplifies stringent material requirements in aerospace parts manufacturing

  • List of some 3D printing materials for aerospace applications

  • Aging aircraft expand opportunities for engineering materials

  • Aging aircraft and the resulting need to ensure the airworthiness of older aircraft to drive opportunities in the MRO services market

  • Composites: the dominant category of aerospace materials

  • Gradual expansion of use case results in composites evolving as mainstream aerospace material

  • Composites make up about half of the total weight of modern aircraft: percentage breakdown of structural weight composition by material for the Airbus 350XWB and the Boeing 787

  • Evolution of composite materials in % of aircraft weight for some fighter aircraft

  • Evolution of composite materials in % of aircraft weight for some commercial aircraft

  • Advanced composites burst into the spotlight

  • Nanocomposites are rapidly evolving into advanced solutions in aircraft construction

  • Carbon continues to make gains as the best-in-class aerospace composite material

  • Asian companies dominate aerospace-grade carbon fiber production

  • Carbon fiber composites find favor in aircraft interiors

  • Emergence of new unconventional composites for use in aircraft interiors

  • Graphene: the next generation material for the aerospace industry

  • Latest Developments in Aerospace Graphene Materials Space

  • Aluminum’s Established Role in Aircraft Construction Offers Better Prospects for Aluminum Alloys

  • New titanium alloys gain traction in aerospace applications for engine parts and airframes

  • New aluminum alloys will emerge for aircraft manufacturing

  • Superalloys are emerging as key manufacturing materials for aircraft engines

  • Nickel alloys combine immense strength and extreme temperature tolerance

  • Steel alloys provide traction in the production of durable landing gear fasteners and bolts

  • Alloy 321: premium steel alloy that can withstand extreme temperatures

  • Magnesium alloys attract attention with favorable casting characteristics

  • Aircraft electrical systems: the leading application for copper and copper alloys

  • Composites are not a panacea for better aircraft manufacturing as there are so few downsides

  • Growing use of composites in airframes challenges MRO vendors to seek improved tools and techniques

  • Regulatory focus on reducing aerospace CO2 emissions to give the advantage to ultra-lightweight materials

  • ICAO seeks to reduce the energy intensity of aircraft: energy intensity of the international aviation industry (in MJ/RTK equivalent) for 2010-2030

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/6w9mn8

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220506005411/en/

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