Aerospace Rolled Products Market to Grow with a CAGR of 5.34% through 2029
The growth of the global aerospace
rolled products market is driven by the rising demand for next-generation
aircraft with enhanced performance, increasing government defense budgets, and
the integration of advanced materials for additive manufacturing. These factors
are driving the market in the forecast period 2025-2029.
According to TechSci Research report, “Aerospace
Rolled Products Market - Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029F” " The Global Aerospace Rolled
Products market was valued at USD 1.11 Billion in 2023 and is expected to reach
USD 1.51 Billion by 2029 with a CAGR of 5.34% during the forecast period. The global
aerospace rolled products market is experiencing significant growth driven by
the increasing focus on improving aircraft performance through advanced
materials. The aerospace sector is highly competitive, pushing manufacturers to
adopt cutting-edge materials that offer greater strength and durability without
adding weight. This is especially important for commercial aircraft
manufacturers, where improving operational efficiency and reducing fuel
consumption are top priorities. The development and use of advanced alloys,
particularly in critical structural components, allow for better resistance to
stress, corrosion, and fatigue. These innovations are helping manufacturers
achieve better fuel efficiency, longer aircraft lifespans, and lower maintenance
costs, creating a strong demand for advanced aerospace rolled products in the
market
In the aerospace market, sustainability has become an
important growth driver. The push for greener aviation technologies is
motivating manufacturers to focus on producing eco-friendly materials and
reducing the carbon footprint of their products. As part of this effort,
researchers are exploring ways to improve the recyclability of aerospace
materials, such as carbon fiber-reinforced plastics, and reduce reliance on
non-renewable resources. This trend is also influenced by stricter
environmental regulations that require the aviation industry to reduce
emissions and energy consumption. The development of sustainable materials for
aerospace rolled products is a key opportunity for manufacturers to align with
these environmental goals while staying competitive in a market that is
increasingly focused on sustainability.
However, the aerospace rolled products market faces
several challenges that could hinder growth. One of the primary challenges is
the high cost of advanced aerospace materials. The manufacturing processes for
materials like titanium and high-performance composites are complex and
expensive, which can limit their widespread use in cost-sensitive applications.
These materials, while essential for high-performance aircraft, increase the
overall cost of production, making it difficult for manufacturers to meet price-sensitive
demands. Moreover, the global supply chain for raw materials, such as titanium,
aluminum, and other alloys, can be volatile, leading to potential delays and
increased material costs. These challenges require ongoing innovation in both
material science and production methods to ensure that the aerospace rolled
products market can continue to expand while managing costs effectively.
Browse over xx market data Figures spread
through xx Pages and an in-depth TOC on the "Global Aerospace Rolled Products Market.”
The Aerospace Rolled Products Market is segmented into
platform type, product type, material type, and region.
In the global aerospace rolled products market,
aluminum and its alloys are the fastest-growing material type, driven by their
exceptional lightweight properties and strong mechanical performance. Aluminum
alloys are widely used in both commercial and military aircraft due to their
ability to reduce the overall weight of the structure without compromising
strength. This characteristic plays a critical role in improving fuel
efficiency, a major concern in modern aerospace engineering. The demand for
aluminum is growing particularly in the production of airframes, wings, and
fuselage, as manufacturers strive to meet the environmental regulations that
require reductions in aircraft emissions and fuel consumption. In addition to
their strength-to-weight ratio, aluminum alloys offer excellent corrosion
resistance, which is vital for ensuring the longevity and safety of aerospace
components. Their versatility and cost-effectiveness also make them a preferred
choice for a wide range of applications, further cementing aluminum's role in
the aerospace industry
In 2023, the Asia-Pacific region has emerged as the fastest-growing
market for aerospace rolled products, driven by rapid industrialization,
increasing air travel demand, and rising defense spending. Countries like
China, Japan, and India are expanding their aerospace industries and are
expected to lead the growth in aluminum and alloy consumption for aircraft
manufacturing. China’s aerospace sector is growing rapidly, with significant
investments in both commercial and military aircraft production. As the
aviation industry continues to expand in Asia-Pacific, demand for lightweight,
high-performance materials such as aluminum alloys will see a steady increase.
This growth is supported by the region’s robust manufacturing capabilities,
lower production costs, and strategic focus on becoming a global aerospace hub
Major companies operating in the global Aerospace
Rolled Products Market are:
- Arconic
- Corporation VSMPO-AVISMA
- ATI, Inc
- Constellium SE
- Kaiser Aluminum
- CRS Holdings, LLC
- Precision Castparts Corp.
- Hindalco Industries Limited
- Grob Inc.
- UACJ Corporation
Download Free Sample Report
Customers can also request for 10% free customization
in this report.
“Right now, the
global aerospace rolled products market is really picking up pace. With
everyone in aviation aiming to be more sustainable and reduce emissions,
there’s a huge focus on using lighter, stronger materials. Airlines want to cut
costs while making their fleets more eco-friendly, and that’s where the need
for advanced materials, like aluminum alloys and titanium, really comes in.
These materials help cut down the weight of aircraft, which means better fuel
efficiency and lower emissions. The aerospace industry is definitely moving
toward a more sustainable future, and materials like these are at the heart of
making that happen. As we move forward, aerospace rolled products will be key
in helping the industry become greener and more efficient. “Said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
Aerospace Rolled
Products Market –Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Platform Type (Commercial Aircraft, Regional Aircraft,
General Aviation, Military Aircraft, Helicopter, and Unmanned Aerial Vehicle),
By Product Type (Sheets, Plates, and Others), By Material Type (Titanium &
Alloys, Aluminum & Alloys, Steel & Alloys, and Others), By Region, By
Competition, 2029F”, has evaluated the future growth potential of global
Aerospace Rolled Products Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision-makers make sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global Aerospace
Rolled Products Market.
Contact Us-
TechSci Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States- 10170
M:
+13322586602
Email: [email protected]
Website: www.techsciresearch.com