Market Overview:
The global aluminum alloys for aerospace market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for lightweight aircrafts and rising air passenger traffic across the globe. On the basis of type, 2000 series aluminum alloys are expected to account for a major share of the global aluminum alloys for aerospace market during 2018-2030. This can be attributed to their high strength-to-weight ratio and corrosion resistance properties. 6000 series aluminum alloys are also anticipated to witness significant growth during the forecast period on account of their superior mechanical properties and weldability characteristics as compared with other types of aluminum alloys. Based on application, single aisle aircraft is expected to hold a dominant position in terms of revenue contribution throughout the forecast period followed by wide body aircraft segment.
Product Definition:
Aluminum alloys are important for aerospace because they are strong and lightweight. This makes them ideal for aircraft, which need to be as light as possible in order to reduce fuel consumption.
2000 Series:
The 2000 series is a range of aluminum alloys designed for use in aircraft. The primary function of an aluminum alloy is to provide strength to the structure at minimum weight. Aluminum has approximately 50% more metal than zinc and 20% more metal than copper, making it one of the lightest metals; however, due to its high strength-to-weight ratio it is widely used in structural applications.
Aluminum alloys have been traditionally used as a replacement for steel.
6000 Series:
6000 series aluminum is a special aluminum alloy, which contains about 60% of magnesium and small percentage of other metals such as zinc, copper and iron. It has high strength-to-weight ratio which makes it suitable for aerospace applications. 6000 series alloys have been used in the past for manufacturing aircraft components including engine mounts, landing gear struts and castor wheels.
Application Insights:
Single aisle aircraft accounted for the largest volume share of over 60% in 2017. The application segment is segregated based on the type of aluminum alloy used in manufacturing an aircraft. Single aisle aircraft are mainly used for short-distance travel between two airports and ferries. These types of aircraft are expected to witness significant growth over the forecast period owing to rising demand from emerging economies such as China, India, Brazil and Mexico for business and leisure travel purposes.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% in terms of volume owing to high demand from China, India, Japan, and South Korea. Rapidly expanding aerospace industry coupled with increasing defense expenditure by countries such as India and China is projected to drive the regional demand over the forecast period.
The growing manufacturing sector in emerging economies including Brazil, Russia, India has resulted an increased consumption of aluminum alloys for industrial applications such as construction materials & components (roofing tiles), consumer goods (automotive interior panels), electronics (solar cells) etc., which will further propel growth on account of their low cost compared to other alternatives such as steel or iron.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Growing demand for lightweight and fuel-efficient aircrafts is expected to drive the demand for aluminum alloys in the aerospace market over the forecast period.
- Increasing use of aluminum alloys in military aircrafts is also anticipated to boost the growth of this market during the forecast period.
- Rising investments by key players in research and development activities for developing new and innovative products is projected to propel the growth of this market over the next few years.
- Growing awareness about benefits offered by aluminum alloys, compared with other materials, is likely to boost their demand in aerospace applications over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum Alloys for Aerospace Market Research Report
By Type
2000 Series, 6000 Series, 7000 Series, Foundry Alloy Ingots
By Application
Single Aisle Aircraft, Wide Body Aircraft, Cargo Aircraft, Military Aircraft
By Companies
Alcoa, Rio Tinto, Novelis, Rusal, Constellium, Arconic, UACJ, Aleris, Aluar, Kaiser Aluminum
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum Alloys for Aerospace Market Report Segments:
The global Aluminum Alloys for Aerospace market is segmented on the basis of:
Types
2000 Series, 6000 Series, 7000 Series, Foundry Alloy Ingots
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Single Aisle Aircraft, Wide Body Aircraft, Cargo Aircraft, Military Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alcoa
- Rio Tinto
- Novelis
- Rusal
- Constellium
- Arconic
- UACJ
- Aleris
- Aluar
- Kaiser Aluminum
Highlights of The Aluminum Alloys for Aerospace Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2000 Series
- 6000 Series
- 7000 Series
- Foundry Alloy Ingots
- By Application:
- Single Aisle Aircraft
- Wide Body Aircraft
- Cargo Aircraft
- Military Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aluminum Alloys for Aerospace Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aluminum alloys are used in aerospace applications because they are strong yet lightweight. They can be machined easily and their corrosion resistance makes them ideal for aircraft parts that come in contact with the environment.
Some of the major players in the aluminum alloys for aerospace market are Alcoa, Rio Tinto, Novelis, Rusal, Constellium, Arconic, UACJ, Aleris, Aluar, Kaiser Aluminum.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aluminum Alloys for Aerospace Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aluminum Alloys for Aerospace Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aluminum Alloys for Aerospace Market - Supply Chain
4.5. Global Aluminum Alloys for Aerospace Market Forecast
4.5.1. Aluminum Alloys for Aerospace Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aluminum Alloys for Aerospace Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aluminum Alloys for Aerospace Market Absolute $ Opportunity
5. Global Aluminum Alloys for Aerospace Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aluminum Alloys for Aerospace Market Size and Volume Forecast by Type
5.3.1. 2000 Series
5.3.2. 6000 Series
5.3.3. 7000 Series
5.3.4. Foundry Alloy Ingots
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aluminum Alloys for Aerospace Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aluminum Alloys for Aerospace Market Size and Volume Forecast by Application
6.3.1. Single Aisle Aircraft
6.3.2. Wide Body Aircraft
6.3.3. Cargo Aircraft
6.3.4. Military Aircraft
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aluminum Alloys for Aerospace Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aluminum Alloys for Aerospace Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aluminum Alloys for Aerospace Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aluminum Alloys for Aerospace Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aluminum Alloys for Aerospace Demand Share Forecast, 2019-2026
9. North America Aluminum Alloys for Aerospace Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aluminum Alloys for Aerospace Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aluminum Alloys for Aerospace Market Size and Volume Forecast by Application
9.4.1. Single Aisle Aircraft
9.4.2. Wide Body Aircraft
9.4.3. Cargo Aircraft
9.4.4. Military Aircraft
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aluminum Alloys for Aerospace Market Size and Volume Forecast by Type
9.7.1. 2000 Series
9.7.2. 6000 Series
9.7.3. 7000 Series
9.7.4. Foundry Alloy Ingots
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aluminum Alloys for Aerospace Demand Share Forecast, 2019-2026
10. Latin America Aluminum Alloys for Aerospace Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aluminum Alloys for Aerospace Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aluminum Alloys for Aerospace Market Size and Volume Forecast by Application
10.4.1. Single Aisle Aircraft
10.4.2. Wide Body Aircraft
10.4.3. Cargo Aircraft
10.4.4. Military Aircraft
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aluminum Alloys for Aerospace Market Size and Volume Forecast by Type
10.7.1. 2000 Series
10.7.2. 6000 Series
10.7.3. 7000 Series
10.7.4. Foundry Alloy Ingots
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aluminum Alloys for Aerospace Demand Share Forecast, 2019-2026
11. Europe Aluminum Alloys for Aerospace Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aluminum Alloys for Aerospace Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aluminum Alloys for Aerospace Market Size and Volume Forecast by Application
11.4.1. Single Aisle Aircraft
11.4.2. Wide Body Aircraft
11.4.3. Cargo Aircraft
11.4.4. Military Aircraft
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aluminum Alloys for Aerospace Market Size and Volume Forecast by Type
11.7.1. 2000 Series
11.7.2. 6000 Series
11.7.3. 7000 Series
11.7.4. Foundry Alloy Ingots
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aluminum Alloys for Aerospace Demand Share, 2019-2026
12. Asia Pacific Aluminum Alloys for Aerospace Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aluminum Alloys for Aerospace Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aluminum Alloys for Aerospace Market Size and Volume Forecast by Application
12.4.1. Single Aisle Aircraft
12.4.2. Wide Body Aircraft
12.4.3. Cargo Aircraft
12.4.4. Military Aircraft
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aluminum Alloys for Aerospace Market Size and Volume Forecast by Type
12.7.1. 2000 Series
12.7.2. 6000 Series
12.7.3. 7000 Series
12.7.4. Foundry Alloy Ingots
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aluminum Alloys for Aerospace Demand Share, 2019-2026
13. Middle East & Africa Aluminum Alloys for Aerospace Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aluminum Alloys for Aerospace Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aluminum Alloys for Aerospace Market Size and Volume Forecast by Application
13.4.1. Single Aisle Aircraft
13.4.2. Wide Body Aircraft
13.4.3. Cargo Aircraft
13.4.4. Military Aircraft
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aluminum Alloys for Aerospace Market Size and Volume Forecast by Type
13.7.1. 2000 Series
13.7.2. 6000 Series
13.7.3. 7000 Series
13.7.4. Foundry Alloy Ingots
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aluminum Alloys for Aerospace Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aluminum Alloys for Aerospace Market: Market Share Analysis
14.2. Aluminum Alloys for Aerospace Distributors and Customers
14.3. Aluminum Alloys for Aerospace Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alcoa
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rio Tinto
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Novelis
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rusal
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Constellium
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arconic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. UACJ
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aleris
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Aluar
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kaiser Aluminum
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
