Market Size of Commercial Aircraft Materials Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 29.20 Billion |
| Market Size (2029) | USD 43.32 Billion |
| CAGR (2024 - 2029) | 8.21 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Commercial Aircraft Materials Market Analysis
The Commercial Aircraft Materials Market size is estimated at USD 29.20 billion in 2024, and is expected to reach USD 43.32 billion by 2029, growing at a CAGR of 8.21% during the forecast period (2024-2029).
The optimal attributes for materials used in aircraft are high strength, low weight, and exceptional resistance to heat. These materials exhibit durability and possess a significant lifespan. In the past, aeronautical construction predominantly relied on titanium alloy and aluminum alloy, which comprised approximately 80% of all constituent elements.
Increasing the use of composite materials over metal alloys is expected to significantly drive the market in the future. Composites provide a high strength-to-weight ratio, high temperature, and fracture resistance over other materials, and this factor is fuelling the large-scale adoption of composites in commercial aircraft manufacturing.
The growing demand for aircraft that are both lightweight and fuel-efficient is a key factor driving the growth of the global aircraft materials market. Due to the reduced weight of the aircraft, the costs associated with operating the flights are significantly decreased, resulting in increased profitability for the aircraft operators because of improved fuel efficiency.
