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Aerospace Raw Materials Market By Type (Composite, Metal, Plastic), By Aircraft Type, By Application - Global Industry Outlook, Key Companies (Alcoa Corporation, AMETEK Inc, AMG Advanced Metallurgical Group, and others), Trends and Forecast 2023-2032

Published on : March-2025  Report Code : RC-709  Pages Count : 251  Report Format : PDF
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Aerospace Raw Materials Market Overview

The Global Aerospace Raw Materials Market is expected to reach a value of USD 44.3 billion in 2023, and it is further anticipated to reach a market value of USD 91.7 billion by 2032 at a CAGR of 8.4%.

Aerospace Raw Materials Market Growth Analysis

Aerospace materials, essential for aircraft OEMs and component manufacturers, have evolved. From the past use of wood & muslin to aluminum-dominated airliners, materials like aluminum, steel, and advanced composites contribute to modernized features in current times

Further, the market expands due to growth in demand for new aircraft, technological development, larger aircraft size, & high replacement rates. Also, the rising usage of composite materials & titanium alloys anticipates future need growth, with some providers using sensors in smart composite materials for better functionality.

Aerospace Raw Materials Market Key Takeaways

  • The Aerospace Raw Materials Market is expected to reach a value of USD 91.7 billion by 2032 at a CAGR of 8.4%.
  • By Type, the Composite segment is the lead in 2023 & is anticipated to dominate throughout the forecasted period.
  • In addition, the Metal segment is expected to have significant growth over the forecasted period.
  • By Application, the Propulsion System takes the lead & drives the market in 2023
  • Europe has a 36.1% share of revenue in the Global Aerospace Raw Materials Market in 2023

Aerospace Raw Materials Market Use Cases

  • Aircraft Manufacturing: High-strength materials like titanium, aluminum, and composites are used to build lightweight, fuel-efficient aircraft structures.
  • Engine Components: Superalloys and heat-resistant materials enhance the durability and performance of aircraft engines under extreme conditions.
  • Spacecraft & Satellite Construction: Advanced composites and carbon fiber materials are used for lightweight yet strong spacecraft and satellite structures.
  • Defense & Military Applications: High-performance alloys and stealth materials improve the durability and survivability of military aircraft and UAVs.
  • Aircraft Interior Components: Lightweight polymers, composites, and flame-resistant materials enhance safety, comfort, and fuel efficiency in cabin interiors.
  • Additive Manufacturing (3D Printing): Aerospace-grade metals and polymers are used in 3D printing for rapid prototyping and complex part manufacturing, reducing production costs and time.

Aerospace Raw Materials Market Dynamic

Aerospace resources, the materials used in crafting aircraft parts, predominantly include aluminum alloys & other metals, with a growing presence of synthesized polymeric composites. These substances contribute to constructing different components like cabin interiors, structural frames, & propulsion systems, characterized by ideal traits such as high strength, lightweight, and resistance to high temperatures. As earlier, titanium and aluminum alloys comprised 80% of aeronautical construction elements.

However, trends see a rise in the use of composite materials like fiber-reinforced polymer, impacting the aerospace materials landscape. In addition, the integration of nanotechnology is influencing the development of aviation materials. Further the challenges & changes in the aerospace industry, particularly in maintenance, repair, & overhaul (MRO) services for aircraft made of composites. 

Further, regulatory requirements & the unique maintenance requirements of composite materials pose challenges for MRO businesses, mainly as renowned manufacturers adopt advanced lightweight structures in their latest airplane models. Also, the decline in commercial aircraft deliveries could further impact the aerospace components market, considering passenger airliners' substantial material consumption.

Aerospace Raw Materials Market Research Scope and Analysis

By Type

Composites have emerged as a primary driver for the expansion of the global aerospace raw material market in 2023, representing a revolutionary material class for modern aircraft, which is witnessing international growth, driven by the increasing adoption of next-generation aircraft. Polymeric composites, known for their corrosion resistance and resilience against metal strain, outperform traditional aluminum and alloy steels.
 
Further, the metal segment, mainly aluminum alloys, experiences significant growth due to their essential role in crafting aircraft components like wings & fuselage. Further, aluminum alloys, valued for qualities like high tensile strength, oxidation resistance, & lesser weight, dominate the aviation material market.

By Aircraft Type

The global aerospace raw material market is mainly influenced by the commercial aircraft sector, which utilizes diverse materials like aluminum alloys, titanium alloys, & structural components in manufacturing, which holds the majority share in 2023 while accounting for over half of the overall demand for components in terms of quantity. Further, the growth in air travel, particularly in emerging nations, is driving a rise in the need for airplanes.
 
Further Business aircraft, serving purposes like freight transport and passenger travel, are anticipated to grow more in the coming years, as the growing number of air travelers & the rise of affordable air transportation contribute to the growing need for commercial planes. These materials find application in both the interior & structural elements of different aircraft, reflecting the industry's dynamic response to changing aviation demands.

By Application

The Aerospace Raw Materials Market sees a lot of application in the propulsion systems of aircraft as it contributes significantly to the growth of the market in 2023, and is anticipated to persist throughout the forecasted period. 

Essential components like turbine blades, engine casings, & other critical parts necessitate materials with exceptional strength, heat resistance, &lightweight properties. Further, several materials, like advanced alloys & composites like titanium &carbon fiber, play a vital role in improving the efficiency and performance of propulsion systems. 

Aerospace Raw Materials Market Application Analysis

As the aerospace industry continually grows for innovation & fuel efficiency, the demand for advanced materials in propulsion applications remains high, as well as the development & utilization of these raw materials contribute to the evolution of propulsion technologies, making aircraft engines meet strict performance standards while addressing environmental concerns, as the propulsion system application in the Aerospace Raw Materials Market is integral to achieving advancements in aircraft design, efficiency, & overall sustainability.

The Aerospace Raw Materials Market Report is segmented on the basis of the following:

By Type

  • Composite
    • Resin
    • Fiber
  • Metal
    • Aluminum
    • Steel
    • Titanium
  • Plastic
    • PEEK
    • PMMA
    • ABS
    • PC
    • PPS
    • Others

By Aircraft Type

  • Commercial Aircraft
  • Business & General Aviation
  • Military Aircraft
  • Helicopters
  • Others

By Application

  • Interior
  • Propulsion System

How Does Artificial Intelligence Contribute To Improve Aerospace Raw Materials Market ?

  • Material Discovery & Development: AI accelerates the discovery of advanced materials by analyzing molecular structures and predicting performance.
  • Supply Chain Optimization: AI enhances logistics and inventory management by forecasting raw material demand and reducing production delays.
  • Predictive Maintenance: AI-powered analytics detect wear and degradation in aerospace materials, ensuring timely replacements and reducing failures.
  • Quality Control & Defect Detection: AI-driven imaging and machine learning identify micro-defects in raw materials, improving reliability and safety.
  • Process Automation & Smart Manufacturing: AI optimizes manufacturing processes by adjusting parameters in real-time for efficient material usage.
  • Sustainability & Waste Reduction: AI-driven simulations minimize material waste by optimizing cutting patterns and recycling strategies.
  • Performance Simulation & Testing: AI predicts how raw materials will perform under extreme aerospace conditions, reducing reliance on physical testing.

Aerospace Raw Materials Market Regional Analysis

Europe leads the aerospace raw material market with a 36.1% share, mainly due to the demand for commercial & corporate aviation, as Germany dominates commercial airliner production, followed by the US & France. The decline in Boeing 437 Max production in the US branches from manufacturing challenges. The US is a hub for major aerospace component manufacturers like Solvay, TenCate, VSMPO, SGL Carbon, & AMG NV.
 
Aerospace Raw Materials Market Regional Analysis

Further, the need for composite materials in Europe is fueled by increased Boeing air transport needs, & the region is a significant producer of military helicopters. Thus, the European aerospace landscape remains dynamic, driven by development in technology, strategic collaborations, & the pursuit of sustainable solutions.

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Aerospace Raw Materials Market Competitive Landscape

The Aerospace Raw Materials Market is marked by intense competition as companies compete for market share, as key players focus on innovating material technologies, strategic partnerships, & global expansions to get a competitive edge. With a focus growing on sustainability, there is an increasing trend towards the development & use lightweight, eco-friendly materials, further strengthening the competition within the market.
 
In June 2023, Deutsche Aircraft & Thyssenkrupp Aerospace announced a long-term agreement for a complete supply chain solution for material management of the D328eco aircraft. Under this partnership, Thyssenkrupp Aerospace, a division of Thyssenkrupp Materials Services, will manage the entire supply chain, sourcing, processing, covering planning, warehousing, & logistics for materials, meet the needs of Deutsche Aircraft & its European subcontractors.

Some of the prominent players in the global Aerospace Raw Materials Market are:

  • Alcoa Corporation
  • AMETEK Inc
  • AMG Advanced Metallurgical Group
  • ArcelorMittal
  • Arconic, Inc.
  • ATI Metals
  • Special Metals
  • Sumitomo Bakelite Co. Ltd.
  • Supreme Engineering Ltd
  • Teijin Limited
  • Other Key Players

COVID-19 Pandemic & Recession: Impact on the Global Aerospace Raw Materials Market:

The global aerospace raw materials market faced significant challenges during the COVID-19 pandemic & the following recession. Further aviation industry experienced a drastic downturn as travel restrictions, lockdowns, & economic uncertainties led to a significant reduction in air travel demand, which directly impacted aircraft manufacturing, creating disruptions in the supply chain and a reduction in orders for aerospace raw materials. 

Further, the pandemic-induced financial strain allowed airlines to defer or cancel aircraft purchases, impacting the need for raw materials. In addition, the slowdown in production & operational limitations impacted the entire aerospace ecosystem, including material suppliers. As the industry looks towards the recovery phase, adapting to new market dynamics and addressing the financial aftermath of the pandemic remains crucial for sustaining & revitalizing the global aerospace raw materials market.

Aerospace Raw Materials Market Recent Developments

  • In November 2023, TransDigm Group Incorporated announced its deal to acquire the Electron Device Business of Communications & Power Industries for about USD 1,385 billion in cash, which is a major player in electronic components for aerospace and defense, earned around USD 300 million in revenue in the fiscal year ending September 2023. With manufacturing sites in California and the UK, it employs about 900 people.
  • In June 2023, Bikar Aerospace GmbH, a German company, announced plans to set up an advanced service center at the Belagavi Aerospace Cluster (BAC), managed by Aequs Infrastructure. Anticipated to be operational by Q1 2024, the collaboration was done with an MoU signed during the Paris Air Show. The Aerospace Service Centre will focus on storing & custom processing aerospace-grade materials like aluminum, titanium, and super alloys.
  • In March 2023, the European Commission unveiled its long-awaited Critical Raw Materials Act proposals, focused on providing a secure & sustainable supply of raw materials for the EU's energy transition, digital industries, aerospace, & defense. Further, the proposed regulation sets targets for domestic capacities in the strategic raw material supply chain, showcasing that by 2030, EU sources should provide specific percentages of annual consumption for extracted, processed, & recycled strategic materials to improve supply security & diversification.

Aerospace Raw Materials Market Report Details

                                      Report Characteristics
Market Size (2023) USD 9.0 Bn
Forecast Value (2032) USD 15.9 Bn
CAGR (2023-2032) 6.5%
Historical Data 2017 - 2022
Forecast Data 2023 - 2032
Base Year 2022
Estimate Year 2023
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Type (FC BGA & FC CSP), By Application (Mobile & Consumer, Automotive & Transportation, and IT & Telecom)
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players Fujitsu, Unimicron Corp, JCET Group, Ibiden Co Ltd, TTM Technologies, ASE Kaohsiung, Kyocera Corp, Panasonic Corp, Siliconware Precision Industries Co. Ltd, AT&S Austria Technologies & Systemtechnik AG, and Other Key Players
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • How big is the Global Aerospace Raw Materials Market?

    The Global Aerospace Raw Materials Market size is estimated to have a value of USD 44.3 billion in 2023 and is expected to reach USD 91.7 billion by the end of 2032.

  • Which region accounted for the largest Global Aerospace Raw Materials Market?

    Europe has the largest market share for the Global Aerospace Raw Materials Market with a share of about 36.1% in 2023.

  • Who are the key players in the Global Aerospace Raw Materials Market?

    Some of the major key players in the Global Aerospace Raw Materials Market are Alcoa Corporation, AMETEK Inc, AMG Advanced Metallurgical Group, and many others.

  • What is the growth rate in the Global Aerospace Raw Materials Market?

    The market is growing at a CAGR of 8.4 percent over the forecasted period.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Aerospace Raw Materials Market Overview
        2.1.Global Aerospace Raw Materials Market Overview by Type
        2.2.Global Aerospace Raw Materials Market Overview by Application
      3.Aerospace Raw Materials Market Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Aerospace Raw Materials Market Drivers
          3.1.2.Aerospace Raw Materials Market Opportunities
          3.1.3.Aerospace Raw Materials Market Restraints
          3.1.4.Aerospace Raw Materials Market Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Aerospace Raw Materials Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Type, 2017-2032
        4.1.Global Aerospace Raw Materials Market Analysis by By Type: Introduction
        4.2.Market Size and Forecast by Region
        4.3.Composite
        4.4.Metal
        4.5.Plastic
      5.Global Aerospace Raw Materials Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Aircraft Type, 2017-2032
        5.1.Global Aerospace Raw Materials Market Analysis by By Aircraft Type: Introduction
        5.2.Market Size and Forecast by Region
        5.3.Commercial Aircraft
        5.4.Business & General Aviation
        5.5.Military Aircraft
        5.6.Helicopters
        5.7.Others
      6.Global Aerospace Raw Materials Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Application, 2017-2032
        6.1.Global Aerospace Raw Materials Market Analysis by By Application: Introduction
        6.2.Market Size and Forecast by Region
        6.3.Interior
        6.4.Propulsion System
      10.Global Aerospace Raw Materials Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        10.1.North America
          10.1.1.North America Aerospace Raw Materials Market: Regional Analysis, 2017-2032
            10.1.1.1.The US
            10.1.1.2.Canada
        10.2.1.Europe
          10.2.1.Europe Aerospace Raw Materials Market: Regional Trend Analysis
            10.2.1.1.Germany
            10.2.1.2.France
            10.2.1.3.UK
            10.2.1.4.Russia
            10.2.1.5.Italy
            10.2.1.6.Spain
            10.2.1.7.Nordic
            10.2.1.8.Benelux
            10.2.1.9.Rest of Europe
        10.3.Asia-Pacific
          10.3.1.Asia-Pacific Aerospace Raw Materials Market: Regional Analysis, 2017-2032
            10.3.1.1.China
            10.3.1.2.Japan
            10.3.1.3.South Korea
            10.3.1.4.India
            10.3.1.5.ANZ
            10.3.1.6.ASEAN
            10.3.1.7.Rest of Asia-Pacifc
        10.4.Latin America
          10.4.1.Latin America Aerospace Raw Materials Market: Regional Analysis, 2017-2032
            10.4.1.1.Brazil
            10.4.1.2.Mexico
            10.4.1.3.Argentina
            10.4.1.4.Colombia
            10.4.1.5.Rest of Latin America
        10.5.Middle East and Africa
          10.5.1.Middle East and Africa Aerospace Raw Materials Market: Regional Analysis, 2017-2032
            10.5.1.1.Saudi Arabia
            10.5.1.2.UAE
            10.5.1.3.South Africa
            10.5.1.4.Israel
            10.5.1.5.Egypt
            10.5.1.6.Turkey
            10.5.1.7.Rest of MEA
      11.Global Aerospace Raw Materials Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        11.1.Market Share Analysis
        11.2.Company Profiles
        11.3.Alcoa Corporation
          11.3.1.Company Overview
          11.3.2.Financial Highlights
          11.3.3.Product Portfolio
          11.3.4.SWOT Analysis
          11.3.5.Key Strategies and Developments
        11.4.AMETEK Inc
          11.4.1.Company Overview
          11.4.2.Financial Highlights
          11.4.3.Product Portfolio
          11.4.4.SWOT Analysis
          11.4.5.Key Strategies and Developments
        11.5.AMG Advanced Metallurgical Group
          11.5.1.Company Overview
          11.5.2.Financial Highlights
          11.5.3.Product Portfolio
          11.5.4.SWOT Analysis
          11.5.5.Key Strategies and Developments
        11.6.ArcelorMittal
          11.6.1.Company Overview
          11.6.2.Financial Highlights
          11.6.3.Product Portfolio
          11.6.4.SWOT Analysis
          11.6.5.Key Strategies and Developments
        11.7.Arconic, Inc.
          11.7.1.Company Overview
          11.7.2.Financial Highlights
          11.7.3.Product Portfolio
          11.7.4.SWOT Analysis
          11.7.5.Key Strategies and Developments
        11.8.ATI Metals
          11.8.1.Company Overview
          11.8.2.Financial Highlights
          11.8.3.Product Portfolio
          11.8.4.SWOT Analysis
          11.8.5.Key Strategies and Developments
        11.9.Special Metals
          11.9.1.Company Overview
          11.9.2.Financial Highlights
          11.9.3.Product Portfolio
          11.9.4.SWOT Analysis
          11.9.5.Key Strategies and Developments
        11.10.Sumitomo Bakelite Co. Ltd.
          11.10.1.Company Overview
          11.10.2.Financial Highlights
          11.10.3.Product Portfolio
          11.10.4.SWOT Analysis
          11.10.5.Key Strategies and Developments
        11.11.Supreme Engineering Ltd
          11.11.1.Company Overview
          11.11.2.Financial Highlights
          11.11.3.Product Portfolio
          11.11.4.SWOT Analysis
          11.11.5.Key Strategies and Developments
        11.12.Teijin Limited
          11.12.1.Company Overview
          11.12.2.Financial Highlights
          11.12.3.Product Portfolio
          11.12.4.SWOT Analysis
          11.12.5.Key Strategies and Developments
        11.13.Other Key Players
          11.13.1.Company Overview
          11.13.2.Financial Highlights
          11.13.3.Product Portfolio
          11.13.4.SWOT Analysis
          11.13.5.Key Strategies and Developments
      12.Assumptions and Acronyms
      13.Research Methodology
      14.Contact
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