Aerospace Materials Market Size Worth USD 32.79 Billion by 2034 | CAGR: 5.1%

The aerospace materials market size is expected to reach USD  32.79 Billion by 2034, according to a new study by Polaris Market Research. The report “Aerospace Materials Market Share, Size, Trends, Industry Analysis Report: By Material Type, By Aircraft Type, By Application, and By Region; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Advanced aerospace materials provide lightweight, high-strength, and corrosion-resistant metals and composites for commercial, defense, and space aircraft. These include aluminium alloys, steel alloys, titanium alloys, super alloys, composites, and specialty materials, supporting manufacturers, MRO providers, and aerospace research institutes efficiently.

Questions? Request a sample or make an inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/aerospace-materials-market/request-for-sample

Market growth is driven by rising commercial and defense aircraft production, fleet expansion, and increasing adoption of fuel-efficient materials. Moreover, advancements in additive manufacturing, digital material testing, and composite technologies are improving structural performance, production efficiency, and global competitiveness.

Aerospace Materials Market Report Highlights

• Based on material type, aluminium alloys dominated in 2024, driven by widespread use in fuselage, wings, and structural components.
• In terms of aircraft type, large wide-body aircraft dominated in 2024, propelled by high material requirements for long-haul operations.
• Based on application, commercial aircraft dominated the market in 2024, fueled by 5 billion passengers in 2024 and rising fleet modernization and air travel.
• Europe dominated in 2024, backed by established aircraft OEMs, strong defense programs, and advanced aerospace infrastructure.
• North America projected fastest CAGR, fueled by expanding commercial aircraft production, defense modernization programs, and regional air travel growth.
• Key players in the global market include Alcoa Corporation, Arconic Corporation, Hexcel Corporation, Toray Industries Inc., Solvay S.A., Teijin Limited, GKN Aerospace, Howmet Aerospace, Materion Corporation, SGL Carbon, AMETEK Inc., and Global Titanium Inc.

Polaris Market Research has segmented the market report based on material type, aircraft type, application, and region:

By Material Type Outlook (Revenue, USD Billion, 2020–2034)

• Aluminium Alloys
• Steel Alloys
• Titanium Alloys
• Super Alloys
• Composites
• Others

By Aircraft Type Outlook (Revenue, USD Billion, 2020–2034)

• Large Wide Body
• Medium Wide Body
• Small Wide Body
• Single Aisle
• Regional Jets

By Application Outlook (Revenue, USD Billion, 2020–2034)

• Commercial Aircraft
• Defence Aircraft
• Helicopters
• Space Vehicles
• Other Application

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America