U.S. Aerospace And Defense Materials Market Size & Outlook
U.S. aerospace and defense materials market, 2018-2030 (US$M)
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U.S. aerospace and defense materials market highlights
- The U.S. aerospace and defense materials market generated a revenue of USD 9,960.2 million in 2023 and is expected to reach USD 13,761.5 million by 2030.
- The U.S. 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 9,960.2 million |
| Market revenue in 2030 | USD 13,761.5 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, U.S. accounted for 51.0% 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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U.S. 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 38.35% in 2023. Horizon Databook has segmented the U.S. 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 U.S. is the largest aerospace & defense market, with manufacturing facilities of all major industry players established in the country. Manufacturers of aerospace & defense systems are making strong gains from the export of manufactured goods, which has led to an upward trend in the consumption of aerospace and defense materials.
Imports of aerospace & defense systems are also experiencing considerable growth, resulting in a positive trade balance in the U.S. aerospace and defense industry. The U.S. aerospace and defense materials market is predicted to witness growth over the forecast period owing to the emergence of high-performance composites in aircraft.
Moreover, the use of honeycomb materials in aircraft manufacturing has witnessed a surge in the recent past, which, in turn, is projected to drive aerospace & defense materials market over the forecast period.
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Our clientele includes a mix of aerospace and defense materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into U.S. aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. aerospace and defense materials market size, by material, 2018-2030 (US$M)
U.S. Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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