Aerospace & Defense Materials Market to Hit USD 23,825.45 Mn by 2027; Development of Novel Composite Materials for Aircraft Components to Propel Market Growth: Fortune Business Insights™

Key companies covered are Teijin Ltd., Koninklijke Ten Cate BV, AMI Metals Inc, Hexcel Corporation, Huntsman, Arconic Inc, Sofitec, TATA Advanced Materials Limited, Materion Corp, Evonik Industries, Toray Composite Materials America, Inc. and more


Pune, June 15, 2020 (GLOBE NEWSWIRE) -- The global aerospace & defense materials market size is projected to reach USD 23,825.45 million by 2027, exhibiting a CAGR of 4.21% during the forecast period. Growing number of air passengers worldwide will steadily expand the market, shares Fortune Business Insights™ in its new report, titled “Aerospace & Defense Materials Market Size, Share & Industry Analysis, By Materials (Titanium Alloys, Aluminum Alloys, Composites, Super Alloys, Steel and Others), By Aircraft (Commercial, Military, Business & General Aviation and Others) and Regional Forecast, 2020-2027”. According to the International Air Transport Association (IATA), the demand for air travel rose by 7.4% in 2018 from 2017 levels. Air passengers accounted for 81.9% of the load factor on aircrafts, while freight load was 49.3%, the IATA data reveals. Rising deployment of airplanes for passenger and cargo transport necessitates the utilization of efficient materials in building aircraft components. Any laxity shown in the quality of materials used will endanger the lives of thousands of passengers and put at risk highly valuable cargo. Thus, increasing air travel has escalated the demand for next-gen aerospace & defense materials.

Gain More Insights into the Aerospace & Defense Materials Market Research Report:

COVID-19 Impact on the Market:

The COVID-19 pandemic has created turmoil in the global economy. One of the worst-hit industries by this pandemic is the aerospace & defense industry, with lockdowns and trade restrictions choking supply-chains worldwide. In order to provide businesses with a detailed impact analysis of this crisis on this market, we at Fortune Business Insights™ are offering comprehensive market research reports, developed by our expert and experienced research team.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

Please visit:

List of Companies Profiled in the Aerospace & Defense Materials Market Report are:

  • Teijin Ltd. (Renegade Materials Corp.) (Japan)
  • Koninklijke Ten Cate BV (Netherlands)
  • AMI Metals Inc. (US)
  • Hexcel Corporation (US)
  • Huntsman (US)
  • Arconic Inc. (US)
  • Sofitec (Spain)
  • TATA Advanced Materials Limited. (India)
  • Materion Corp. (US)
  • Evonik Industries (Germany)
  • Toray Composite Materials America, Inc. (US)

The report states that the market value was at USD 18,411.83 million in 2019. The other highlights of the report include:

  • In-depth evaluation of the market trends, drivers, and restraints;
  • Detailed examination of the different market segments;
  • Careful study of the regional and competitive developments influencing the market growth; and
  • Panoramic overview of the overall industry outlook.

Market Driver

Rising Adoption of Carbon Fiber Composites to Feed Market Growth

The aerospace & defense materials market growth is slated to accelerate as airliners expand application of carbon fiber composites in their aircraft fleet. Carbon fiber is known for its excellent lightweight and enhanced durability properties, which make aircrafts more fuel-efficient. Moreover, composites of this material are resistant to fatigue and corrosion, which lowers maintenance costs of components. For example, Airbus tested the new carbon fiber wings on its advanced A350 XWB in 2014 and found that the wings displayed greater flex, strength, and rigidity compared its aluminum predecessors. A more recent example is the introduction Sigrafil, a novel carbon fiber with a high Young’s modulus developed by SGL Group, designed for use in aerospace applications.

Speak to Analyst:

Regional Analysis

North America to Hold Lion’s Share in the Market Backed by Surging Commercial Aircraft Production

North America, especially the US, has a robust domestic air transport industry, with the country registering the second-highest passenger journeys in 2018, as per IATA statistics. This, coupled with massive spending on military aircrafts, will enable the region to dominate the aerospace & defense materials market share in the coming years. The market size in North America in 2019 was at USD 9,878.83 million.

In Europe, the market growth is based on France’s capacity to produce large volumes of commercial as well as military aircrafts. The market in Asia-Pacific is set to rise on the shoulders of the increasing investments by India and China in enhancing their indigenous aircraft manufacturing and development capabilities.

Quick Buy – Aerospace & Defense Materials Market Research Report:

Competitive Landscape

COVID-19 Outbreak to Create Temporary Setbacks for Players

The coronavirus contagion has massively disrupted global supply-chains, forcing players in this market to temporarily contracts and agreements to wade through the crisis successfully. Prior to this pandemic, some of the key players had acquired or merged with other companies to expand their presence in the market and open new revenue streams.

Industry Developments:

  • April 2020: Hexcel Corporation and Woodward, Inc. announced the mutual termination of their agreement to merge the two companies, which was signed in January 2020. But the two parties have now decided to end it due to the COVID-19 pandemic, which has compelled both the companies to secure their place in the aerospace & defense industry by focusing on their businesses.

  • August 2019: Japan-based Teijin Limited successfully completed its acquisition of all shares of the US-based Renegade Materials Corporation. The acquisition will allow Teijin to strengthen its production capacity for high-temperature prepreg materials, which are used to make engine parts for next-gen airplanes.

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Key Developments: Mergers, Acquisition, Partnership, etc.
    • Latest Technological Advancement
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Global Aerospace & Defense Materials Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Materials
      • Titanium Alloys
      • Aluminium Alloys
      • Composites
      • Super Alloys
      • Steel
      • Other
    • Market Analysis, Insights and Forecast – By Aircraft
      • Commercial
      • Military
      • Business & General Aviation
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia pacific
      • Latin America

TOC Continued…!!!

Get your Customized Research Report:

Have a Look at Related Research Insights:

Aerospace Composites Market Size, Share & Industry Analysis, By Fiber Type (Carbon, Glass, Aramid, and Others), By Aircraft (Commercial Aircrafts, Military Fixed Wings, Business Aircrafts & General Aviation, Jet Engines, Helicopter and others), and Regional Forecast, 2019-2026

Aerospace 3D Printing Market Size, Share & Industry Analysis, By Vertical (Printers and Materials), By Industry Type (UAV, Aircraft, and Spacecraft), By Application Type (Engine Components, Space Components, and Structural Components), By Printer Technology Type (DMLS, FDM, CLIP, SLA, SLS and Others), and Regional Forecast 2019-2026

Aerospace Bearings Market Size, Share & Industry Analysis, By Bearing Type (Roller BearingsBall Bearings), By Application (Landing Gears, Engines, Aero structure, Flight Control Systems, Others (turbojets, turbofans, turbo shafts, etc.)), By End use (Helicopter, Aircraft, Space) and Regional Forecast, 2019-2026

Aerospace Foam Market Size, Share & Industry Analysis, By Foam Type (Polyurethane foam, Polyethylene Foam, Metal Foam, Melamine Foam, Polyetherimide, Polymethacrylimide, Others), By End-Use Industry (Commercial Aviation, Military & Defence, General Aviation) Others and Regional Forecast, 2019-2026

Aerospace Floor Panels Market Size, Share & Industry Analysis, By Core Material (Nomex honeycomb, Aluminium honeycomb, Other), By Aircraft Type (Narrow body aircraft, Wide Body Aircraft, Very Large Aircraft(VLA)), By End-User (Commercial Aviation, Military & Defence, General Aviation) Others and Regional Forecast, 2019-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Fortune Business Insights™
LinkedIn | Twitter | Blogs

 Read Press Release: