Europe Aerospace And Defense Materials Market Size & Outlook
Europe aerospace and defense materials market, 2018-2030 (US$M)
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Europe aerospace and defense materials market highlights
- The Europe aerospace and defense materials market generated a revenue of USD 4,755.7 million in 2023.
- The market is expected to grow at a CAGR of 5.1% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 4,755.7 million |
| Market revenue in 2030 | USD 6,715.5 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Titanium |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 24.3% of the global aerospace and defense materials market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,478.6 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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Europe 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 42.68% in 2023. Horizon Databook has segmented the Europe 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 European aerospace and defense industry is expected to surpass that of the industry in the U.S. over the forecast period, owing to a slight increase in defense spending by some European countries, such as Russia, Italy.
The industry has experienced improved performance against the backdrop of economic slowdown and uncertainties in recent years. However, the European industry is highly concentrated in nature on account of the major players accounting for a large market share.
The stability of investments in R&D in the aerospace and defense sector is expected to positively affect aerospace and defense materials market. The industry also boasts of a highly innovative and cutting edge research approach.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe aerospace and defense materials market , including forecasts for subscribers. This continent databook contains high-level insights into Europe aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe aerospace and defense materials market size, by country, 2018-2030 (US$M)
Europe Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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