France Aerospace And Defense Materials Market Size & Outlook
France aerospace and defense materials market, 2018-2030 (US$M)
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France aerospace and defense materials market highlights
- The France aerospace and defense materials market generated a revenue of USD 897.7 million in 2023 and is expected to reach USD 1,238.2 million by 2030.
- The France market is expected to grow at a CAGR of 4.7% 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 897.7 million |
| Market revenue in 2030 | USD 1,238.2 million |
| Growth rate | 4.7% (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, France accounted for 4.6% 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 Europe, UK aerospace and defense materials market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 267.8 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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France 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 43.87% in 2023. Horizon Databook has segmented the France 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.
France aerospace and defense industry is expected to witness an overall positive outlook in terms of production and revenue in the coming years. This, in turn, is anticipated to benefit the major aerospace and defense companies in the country, thereby leading to higher production rates.
Ascending demand for aircraft and growing production of the same are consequently expected to drive aerospace and defense materials market over the forecast period. In addition, rising demand for fuel-efficient aircraft, which require a huge initial investment, is likely to propel the demand for aerospace materials over the forecast period.
International air traffic growth is expected to be a major driver for France aerospace and defense materials market over the forecast period. Moreover, a rise in military expenditure by the government, owing to rising political instability in the country is expected to fuel the demand for military aircrafts.
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Horizon Databook provides a detailed overview of country-level data and insights on the France aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into France aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France aerospace and defense materials market size, by material, 2018-2030 (US$M)
France Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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