Aerospace Materials Market
Aerospace Materials Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Aerospace Materials Market Size and Growth
The Aerospace Materials market is projected to grow significantly, driven by increasing demand for lightweight, high-performance materials. In 2023, the market size is estimated at approximately $20 billion, with a compound annual growth rate (CAGR) of around 5% through 2030. Key applications include aircraft manufacturing, satellite systems, and drone technology.
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Companies Covered
(Covid 19 Impact Covered)
◍ Alcoa
◍ Rio Tinto Alcan
◍ Kaiser Aluminum
◍ Aleris
◍ Rusal
◍ Constellium
◍ AMI Metals
◍ Arcelor Mittal
◍ Nippon Steel & Sumitomo Metal
◍ Nucor Corporation
◍ Baosteel Group
◍ Thyssenkrupp Aerospace
◍ Kobe Steel
◍ Materion
◍ VSMPO-AVISMA
◍ Toho Titanium
◍ BaoTi
The Aerospace Materials Market features key players like Alcoa, Rusal, and Hexcel, who produce aluminum, titanium, and composite materials. These companies drive innovation, enhance material properties, and support manufacturing efficiency, facilitating market growth. For instance, Alcoa reported revenue of approximately $12 billion, while Hexcel achieved around $1.9 billion. Request Sample Report
◍ Precision Castparts Corporation
Market Segmentation
By Application
◍ Military Aircraft
By Product
Others ◍ Commercial Aircraft
◍ Aluminium Alloys
◍ Steel Alloys
◍ Titanium Alloys
◍ Super Alloys ◍ Composite Materials
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$ 3059.02 Million
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