The Aerospace Materials category provides the foundation for the advancement of modern aviation, weighing heavily on weight mandates, fuel efficiency mandates, and new performance specifications. The global aerospace materials market is expected to carve a healthy growth trajectory over the forthcoming years as the Universe of aerospace materials devote themselves to next-generation lightweight and high-strength material solutions.

Our Metals and Composites analysis includes an understanding of the fiction of material categories driving aerospace manufacturing change. The aerospace composites segment creates significant growth projections from a value of USD 29.4 billion in 2024 to USD 96.6 billion by 2034, reflecting a 12.8% CAGR. Aerospace composite growth is attributed to carbon emissions reduction regulations and aircraft being designed with enhanced fuel efficiencies. The carbon fiber composites market was valued at USD 21.7 billion in 2024, and is anticipated to reflect a CAGR of 5.4% until 2034. Aviation-related carbon fiber applications grew to USD 2.2 billion in 2024, and by 2034 was announced to reflect a CAGR of 9.8%.

The metals subsector outlook indicates a significant future for titanium; in 2022, aerospace titanium surpassed USD 1 billion, and will grow at 5% CAGR to 2032, as air travel recovers and increases in passengers take to the sky. In 2023, titanium sponge used for aerospace purposes reached USD 1.7 billion, and is projected to grow at 9.9% CAGR to 2032 due to the demand for lightweight materials in aircraft design.

Advanced materials are driving innovation in the future of aircraft manufacturing, including metal matrix composites, carbon fiber prepreg materials (USD 7.3 billion in 2022, growing to USD 18 billion by 2032), and continuous fiber reinforced thermoplastics (CFR-TP). These innovative products provide aircraft manufacturers with excellent strength-to-weight ratios and high corrosion resistance materials with a sustainable production process.