Product Code: AVM192B
Highlights:
The global market for advanced aerospace materials is expected to grow from $26.4 billion in 2023 to $38.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2028.
The Americas market for advanced aerospace materials is expected to grow from $13.0 billion in 2023 to $17.3 billion by the end of 2028, at a CAGR of 6.0% from 2023 to 2028.
The European market for advanced aerospace materials is expected to grow from $9.7 billion in 2023 to $16.1 billion by the end of 2028, at a CAGR of 10.5% from 2023 to 2028.
Report Scope:
This report examines the emerging materials in the aerospace industry. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of each material, application and regions. The report also focuses on the regulations, relevant industry organizations and government-supported programs impacting this market. Regionally, the focus of the study will be the markets of the Americas, Europe and Asia-Pacific. BCC Research has not considered the rest of the world in its research scope because the major contributions and developments in emerging materials in the aerospace sector is from the Americas, Europe and Asia-Pacific only.
The scope of the advanced aerospace materials industry is continually expanding as new discoveries are made and as researchers and industries explore innovative ways to harness the unique properties of advanced materials and manufacturing technologies. This report, however, concentrates on emerging materials that are currently in commercial use or are likely to be commercialized by 2028. Other applications that, while promising, are not likely to make it out of the laboratory by 2028 are not covered in depth. Sales value estimates are based on prices in the supply chain. Market-driving forces and industry structures are examined. International aspects are analyzed for all global regions.
This study reviews the following material categories, along with relevant market and production information, technological descriptions and issues, key applications and major market factors. This report organizes material type into the following segments -
- Advanced steel alloys.
- Advanced aluminum alloys.
- Titanium alloys.
- Superalloys.
- Advanced composites-CFRP, GFRP.
- Ceramic-matrix composites.
- Advanced adhesives.
The following applications for advanced aerospace materials are also examined, with market breakdowns for each by region -
- Commercial passenger aircraft.
- Commercial transport aircraft (for cargo).
- General aviation.
- Helicopters.
- Defense industry and government.
- Commercial space industry.
There are several technologies of interest-including those that could someday capture significant market share-that have not yet developed to the point of achieving significant market share. Listed below are some technologies that are similar to the target materials but do not meet the definition of advanced aerospace materials considered in this study.
- Conventional steel plate, carbon steel and other conventional metals that are used in some cases for basic structural elements.
- Carpeting, vinyl, foams and other non-structural cabin elements that use conventional materials.
- Pure aluminum (only aluminum alloys are considered in this study).
The market analysis completed in support of this study was developed over two phases. The initial phase of the analysis included a review of each of the advanced aerospace materials under study, as well as a review of the industry trends and factors likely to impact or affect their market development and growth potential. Regional markets were in many cases variable for this study. In the second phase, the focus of the analysis was on sales of advanced aerospace materials with respect to a specific end use. Market calculations were originally developed based on trade volumes for each of the categories considered, to the extent that this data was available. Market values were then developed using typical pricing for each of the advanced aerospace materials categories that were considered.
Within this framework, it should be noted that the study did not consider the ultimate final end-product value. For example, BCC Research do not quantify the value of an airplane that is sold by Boeing to American Airlines. Instead, we consider the value of the specific relevant materials that are included in the airplane, based on their purchase cost by Boeing. The market values shown are normalized to 2022 U.S. dollars, and they discount the effects of past or future inflation on market values.
Once the initial technology-level data was developed, application-level data was cross-referenced against the technology data. Applications were also investigated based on future anticipated deployment and potential for changes in leading and secondary technologies over time. We further developed country-level splits based on a combination of regional and national level sales and revenue data. In some cases, country-level splits were estimated for segments where national-level data was limited or unavailable. All estimates were completed based on the available technology- and application-level data, and then benchmarked against other data collected, where available.
Report Includes:
- 62 data tables and 66 additional tables
- An overview and up-to-date analysis of the global markets for advanced aerospace materials
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- Estimate of the actual market size and revenue forecast for the global advanced aerospace materials market, and corresponding market share analysis based on type, application, and region
- In-depth information (facts and figures) pertaining to the market growth drivers, opportunities and challenges, upcoming technologies, future prospects, industry regulations, and the impacts of macroeconomic variables
- Analysis of market growth opportunities with a holistic review of Porter's five forces model and PESTLE analyses considering the micro- and macroeconomic factors prevailing in the market
- Discussion of sustainability trends and factors in emerging materials in the aerospace industry, with emphasis on consumer attitudes, ESG score analysis, future of ESG, and the ESG practices followed
- Review of both new and existing patents on emerging materials in the aerospace industry
- An overview of the major vendors in the worldwide market for advanced aerospace materials along with an analysis of the structure of the industry, including company market shares and recent mergers and acquisitions (M&A) activity
- Profiles of the leading global corporations
Table of Contents
Chapter 1 Introduction
- Overview
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- What's New in This Update?
- Research Methodology
- Information Sources
- Geographic Breakdown
- Segmentation Breakdown
Chapter 2 Summary and Highlights
- Market Outlook
- Market Summary
Chapter 3 Market Overview
- Overview
- Technology Background
- Advanced Steel Alloys
- Advanced Aluminum Alloys
- Titanium Alloys
- Superalloys
- Composite Materials: CFRPs
- Advanced Composites
- Advanced Adhesives
- Key Properties of Advanced Aerospace Materials
- Market Regulations
- Industry and Key Research Organizations
- Pricing Analysis
Chapter 4 Market Dynamics
- Market Dynamics
- Growth Drivers
- Market Challenges/Restraints
- Market Opportunities
- Supply Chain Analysis
- Mineral Mining for Metals/Alloy Production
- Material Recyclers
- Raw Materials Producers
- Petroleum Supply Chain
- Ore Concentration and Metal Extraction
- Intermediate Materials Producers
- Metal Refineries
- Petrochemicals Producers
- Intermediary Metallurgists/Forgers
- Aerospace Materials Manufacturers
- Parts Manufacturers
- OEMs
- Specialty Equipment Manufacturers
- Product Manufacturers
- End Users
- Impact of the Russia-Ukraine War on the Market
Chapter 5 Emerging Technologies and Developments
- Key Highlights
- Emerging Trends in Aerospace Technologies in 2023
- Autonomous Flight Systems
- Supersonic Flight
- Artificial Intelligence
- Electric Propulsion
- Zero-Fuel Aircraft
- Key Trends in the Market for Advanced Aerospace Materials
- Additive Manufacturing
- Nanomaterials
- High-Entropy Alloys
- Self-Healing Materials
- Metamaterials
- Digital Twins
- Advanced Manufacturing
Chapter 6 Global Market for Advanced Aerospace Materials by Type
- Overview
- Advanced Aluminum Alloys
- Advanced Composites
- Titanium Alloys
- Superalloys
- Nickel Superalloys
- Iron Superalloys
- Cobalt Superalloys
- Advanced Steel Alloys
- Ceramic-Matrix Composites
- Advanced Adhesives
Chapter 7 Global Market for Advanced Aerospace Materials by Application
- Overview
- Commercial Passenger Aircraft
- Commercial Transport Aircraft
- Defense Industry and Government
- General Aviation
- Commercial Space Industry
- Helicopters
Chapter 8 Global Market for Advanced Aerospace Materials by Region
- Overview
- Americas
- Europe
- Asia-Pacific
Chapter 9 Sustainability in the Market: An ESG Perspective
- Importance of Environmental, Social and Governance (ESG) in the Market for Advanced Aerospace Materials
- ESG Ratings and Metrics: Understanding the Data
- Key ESG Issues in the Advanced Aerospace Materials Industry
- ESG Practices in the Advanced Aerospace Materials Industry
- Current Status of ESG in the Market for Advanced Aerospace Materials
- ESG Score Analysis
- Risk Scale, Exposure Scale and Management Scale
- Risk Scale
- Exposure Scale
- Management Scale
- Case Study: Examples of Successful ESG Implementation
- Environmental Initiatives
- Social Initiatives
- Governance Initiatives
- Outcomes
- Future of ESG: Emerging Trends and Opportunities
- Concluding Remarks from BCC Research
Chapter 10 Patent Analysis
- Patent Activity Analysis
- Importance of Patent Analysis
- Patent Analysis Based on Country of Origin for Advanced Aluminum Alloys in Aerospace
- Patent Analysis Based on Year Issued for Advanced Aluminum Alloys in Aerospace
- Patent Analysis Based on Companies to Which Patents Were Issued for Advanced Aluminum Alloys in Aerospace
- Patent Analysis Based on Country of Origin for Advanced Steel Alloys in Aerospace
- Patent Analysis Based on Year Issued for Advanced Steel Alloys in Aerospace
- Patent Analysis Based on Companies to Which Patents Were Issued for Advanced Steel Alloys in Aerospace
- Patent Analysis Based on Country of Origin for Superalloys in Aerospace
- Patent Analysis Based on Year Issued for Superalloys in Aerospace
- Patent Analysis Based on Companies to Which Patents Were Issued for Superalloys in Aerospace
- Patent Analysis Based on Country of Origin for CFRP in Aerospace
- Patent Analysis Based on Year Issued for CFRP in Aerospace
- Patent Analysis Based on Companies to Which Patents Were Issued for CFRP in Aerospace
- Patent Analysis Based on Country of Origin for Titanium Alloys in Aerospace
- Patent Analysis Based on Year Issued for Titanium Alloys in Aerospace
- Patent Analysis Based on Companies to Which Patents Were Issued for Titanium Alloys in Aerospace
- Patent Analysis Based on Country of Origin for Ceramic-Matrix Composites in Aerospace
- Patent Analysis Based on Year Issued for Ceramic-Matrix Composites in Aerospace
- Patent Analysis Based on Companies to Which Patents Were Issued for Ceramic-Matrix Composites in Aerospace
- Patent Analysis Based on Country of Origin for Advanced Adhesives in Aerospace
- Patent Analysis Based on Year Issued for Advanced Adhesives in Aerospace
- Patent Analysis Based on Companies to Which Patents Were Issued for Advanced Adhesives in Aerospace
- Granted Patented Technologies
Chapter 11 Competitive Intelligence
- Overview
- Company Market Share Analysis
- Strategic Analysis
Chapter 12 Company Profiles
- 3M CO.
- ATI INC.
- ALCOA CORP.
- AMETEK INC.
- ARCONIC
- AUBERT & DUVAL
- BASF SE
- BEIJING BEIYE FUNCTIONAL MATERIALS CORP.
- CARPENTER TECHNOLOGY CORP.
- CONSTELLIUM SE
- DONCASTERS GROUP
- DUPONT DE NEMOURS INC.
- FORT WAYNE METALS
- GFE GESELLSCHAFT FUR ELEKTROMETALLURGIE MBH
- HAYNES INTERNATIONAL INC.
- HEXCEL CORP.
- HIGH PERFORMANCE ALLOYS INC.
- JIANGYOU CHANGCHENG SPECIAL STEEL CO. LTD.
- MATERION CORP.
- NOVELIS
- ROLLED ALLOYS INC.
- SPECIAL METALS CORP.
- SOLVAY S.A.
- TEIJIN LTD.
- TORAY INDUSTRIES INC.
- TIMET (TITANIUM METALS CORP.)
- VDM METALS GMBH
- VSMPO-AVISMA
Chapter 13 Appendix: Acronyms