Australia Aerospace And Defense Materials Market Size & Outlook
Australia aerospace and defense materials market, 2018-2030 (US$M)
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Australia aerospace and defense materials market highlights
- The Australia aerospace and defense materials market generated a revenue of USD 291.7 million in 2023 and is expected to reach USD 480.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, composites was the largest revenue generating material in 2023.
- Composites is the most lucrative material segment registering the fastest growth during the forecast period.
Aerospace and defense materials market data book summary
| Market revenue in 2023 | USD 291.7 million |
| Market revenue in 2030 | USD 480.9 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Composites |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Titanium, Composites, Superalloys, Steel, Plastics |
| Key market players worldwide | Huntsman Corp, Toray Industries Inc, Arconic, Kobe Steel Ltd, Allegheny & Western Railway, Cytec Industries, Hexcel Corp, Novelis, Constellium SE Class A, SGL Group, Thyssenkrupp AG, Formosa Plastics Group, Teijin Ltd, Strata Investment Holdings plc, VSMPO-AVISMA |
Other key industry trends
- In terms of revenue, Australia accounted for 1.5% of the global aerospace and defense materials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China aerospace and defense materials market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 480.9 million by 2030.
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Aerospace And Defense Materials Market Scope
Aerospace And Defense Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia aerospace and defense materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace and defense materials market will help companies and investors design strategic landscapes.
Composites was the largest segment with a revenue share of 46.83% in 2023. Horizon Databook has segmented the Australia aerospace and defense materials market based on aluminum, titanium, composites, superalloys, steel, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market is complimented by the strong governmental support and the integrated global supply chain which is estimated to drive the demand for aerospace & defense materials market over the forecast period.
The aerospace sector contributes significantly to the economy of Australia and it is well positioned in supply of the airplanes to the Asia Pacific region with the products of high standards and innovative nature which is likely to boost the demand for the aerospace materials over the forecast period.
The demand for graphene-based epoxy resin for the composite materials is estimated to be the largest in the Australia. The increased usage of the material is contributed to the reduced weight of the aircraft and protection against lightning strikes which is estimated to drive the demand for the market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into Australia aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia aerospace and defense materials market size, by material, 2018-2030 (US$M)
Australia Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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