Canada Aerospace And Defense Materials Market Size & Outlook
Canada aerospace and defense materials market, 2018-2030 (US$M)
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Canada aerospace and defense materials market highlights
- The Canada aerospace and defense materials market generated a revenue of USD 667.1 million in 2023 and is expected to reach USD 992.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, composites was the largest revenue generating material in 2023.
- Titanium 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 667.1 million |
| Market revenue in 2030 | USD 992.7 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Titanium |
| 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, Canada accounted for 3.4% 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 North America, U.S. aerospace and defense materials market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 327.8 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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Canada 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 36.34% in 2023. Horizon Databook has segmented the Canada 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.
Aerospace & defense market is a major contributor to Canada’s economic growth. It accounts for a large part of Canada’s trade with foreign countries. Canada boasts of a diverse aerospace and defense sector and is one of the few countries that produce aircraft on a major scale.
However, aerospace & defense materials market in Canada is expected to be affected negatively by changing military structures and consequent requirements in addition to the shrinking domestic and global defense budget.
Aerospace industry in the country is involved in the research and development of novel technologies including new materials like composites, enhanced fuel efficiency, and improved de-icing.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into Canada aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada aerospace and defense materials market size, by material, 2018-2030 (US$M)
Canada Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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