Latin America Aerospace And Defense Materials Market Size & Outlook
Latin America aerospace and defense materials market, 2018-2030 (US$M)
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Latin America aerospace and defense materials market highlights
- The Latin America aerospace and defense materials market generated a revenue of USD 201.3 million in 2023.
- The market is expected to grow at a CAGR of 4.2% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 201.3 million |
| Market revenue in 2030 | USD 267.9 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Composites |
| 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, Latin America region accounted for 1.0% 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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Latin America 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 42.52% in 2023. Horizon Databook has segmented the Latin America 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.
Composites emerged as the fastest growing segment in Central & South America on account of the establishment of major market players offering advanced composite materials for key aircraft manufacturers, which is likely to boost the demand for aerospace materials over the forecast period.
Moreover, there are several strategic partners, collaborators, and investors penetrated in the production of aluminum, which is likely to boost the demand for aerospace materials over the forecast period.
The market for landing gear is estimated to be highly affected by the sale of aircrafts. Landing gear comprises a crucial part of the aircraft and requires stiffness and sturdiness to maintain the balance of the aircraft and prevent accidents.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America aerospace and defense materials market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America aerospace and defense materials market size, by country, 2018-2030 (US$M)
Latin America Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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