Aerospace Materials Market
The aerospace materials market consists of advanced lightweight, high-strength, and corrosion-resistant metals and composites. Key customers include manufacturers of commercial, defense, and space aircraft, along with Maintenance, Repair, and Overhaul (MRO) providers and research institutes. The market's growth is primarily driven by rising aircraft production, the expansion of global fleets, and an increasing demand for fuel-efficient materials to improve performance and reduce operational costs.
CAGR
5.1%
Compound Annual Growth Rate
Current Value
$22.0B
Estimated 2026
Projected Value
$32.8B
By 2034
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