Global Aerospace and Defense Materials Market Set to Surge to $34.4 Billion by 2030, with Notable Growth in Chinese Sector - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Aerospace and Defense Materials - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

Amidst evolving global dynamics and technological advancements, the aerospace and defense materials industry marks a significant stride, projecting an encouraging growth trajectory towards a $34.4 billion evaluation by the year 2030. This compelling development emerges from a comprehensive analysis underscoring key market segments, including an uptick in the demand and application of composites within the sector.

The in-depth report emphasizes a compounded annual growth rate (CAGR) of 2.4% over an 8-year review period, spanning from 2022 to 2030. With composites poised to register a CAGR of 2.7%, this segment demonstrates robust potential, poised to escalate to a worth of $14.3 billion by the end of the analysis period. Concurrently, Aluminum Alloys are not far behind, estimated to experience a healthy growth rate of 2.2% CAGR during the same timeframe.

Geographical Market Insights

In a geographical context, the United States market begins the period with an estimated value of $9.3 billion. However, it is the Chinese aerospace and defense materials sector that is forecasted to witness exponential growth at a CAGR of 7.1%, thus reinforcing China's stature as a vital player in the global economy. Japan and Canada are also set to contribute to the industry's development, albeit at modest growth rates of 0% and 1.2%, respectively. Within Europe, Germany's market shows a promising trend with a forecasted CAGR of approximately 2.2%.

Global Economic and Industry Overview

The report situates this industry within the context of the broader global economic landscape. With general trends indicating an improved economic outlook, regions across the globe are navigating the complexities of burgeoning challenges such as geopolitical uncertainties and inflationary pressures. The documented analysis provides a nuanced understanding of the market's position against this backdrop.

Technological innovation is earmarked as a pivotal factor with the potential to catalyze investment and value creation within the sector. Amidst short-term economic challenges, the integration of emerging technologies such as artificial intelligence (AI), cloud computing, and advancements in climate tech are seen as avenues for affirmative market sentiment and investment stimulation.

This comprehensive report serves as a critical resource for stakeholders within the aerospace and defense materials market, offering a granular understanding of the sector's growth prospects, technological innovations, and competitive dynamics. For industry participants and investors alike, the findings provide a roadmap to navigate and capitalize on the opportunities ahead in this vibrant market sector.

Key Attributes:

Report Attribute	Details
No. of Pages	769
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$28.5 Billion
Forecasted Market Value (USD) by 2030	$34.4 Billion
Compound Annual Growth Rate	2.4%
Regions Covered	Global

A selection of companies mentioned in this report includes

• Alcoa Corporation
• 3M Company
• Arkema Group
• AMG Advanced Metallurgical Group N.V.
• Aperam SA
• Arconic, Inc.
• Arnold Magnetic Technologies
• Advanced Composites, Inc.
• Alcast Technologies Ltd.
• Argosy International Inc.
• Avdel (India) Pvt. Ltd.
• Aluminum Die Cast Co., Inc.
• AirMetals, Inc.
• Atlas Composite Technologies Ltd.
• Avient Corp.

For more information about this report visit https://www.researchandmarkets.com/r/cfwol0

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.