Summary

Aerospace Aluminium Market Research Report Information by Grade (2024 Grade, 7075 Grade, 6061 Grade, 6082 Grade, and Others) By Process (Casting, Extrusion, Welding, Forging, and Others) By End Use (Commercial Aviation, Business & General Aviation, Military & Defense, and Others) and By Region -Global Forecast to 2032

Overview of the Market
In 2023, the aerospace aluminum market was estimated to be worth USD 7638.86 million. With a compound annual growth rate (CAGR) of 7.2% from 2024 to 2032, the aerospace aluminum market is expected to increase from USD 8696.50 million in 2024 to USD 15152.77 million by 2032. Given the growing urbanization and quickly growing aviation industry, we may witness a sharp increase in demand for aerospace aluminum during the projection period. The market for aerospace aluminum is being positively impacted by the growing industry's desire for lighter and more environmentally friendly materials to enhance aircraft performance, fuel economy, and environmental sustainability. Because advanced aluminum alloys must be able to withstand the rigorous circumstances of high-altitude flight while reducing total aircraft weight, they are being used more and more in complicated and high-performance structural components.
Stricter laws are being implemented by governments and international organizations with the goal of lowering greenhouse gas emissions. The use of aerospace aluminum is in line with legal standards for greener aviation practices since it helps reduce fuel consumption, which in turn results in less carbon emissions from lighter aircraft. Aluminum's recyclability makes it a sustainable material as well. Its qualities do not significantly deteriorate when recycled, and recycling requires less energy. Because of this property, aluminum has become a desirable choice for producers who want to adhere to environmental standards while encouraging a circular economy in the sector.

Perspectives on Market Segments
The global market for aerospace aluminum has been divided into five segments depending on grade: 2024 Grade, 7075 Grade, 6061 Grade, 6082 Grade, and Others.
The worldwide market has been divided into several segments based on the process: casting, extrusion, welding, forging, and others. The market for aluminum has been divided into four segments: military and defense, business and general aviation, and commercial aviation.

Regional Perspectives
The market for aerospace aluminum in Asia-Pacific has the largest market share and is anticipated to generate a sizable revenue share over the course of the projected period. An essential component of the larger aircraft industry is the North American aerospace aluminum market. The main cause of this is the growing need in the aircraft manufacturing industry for lightweight, high-strength materials. Because of its exceptional strength-to-weight ratio, resistance to corrosion, and affordability, aluminum is widely employed. The demand for aluminum in the region is significantly influenced by the aerospace industry, which includes both commercial and military uses in space. The United States is the leading producer and consumer of aluminum in North America, and the demand for aluminum components in spacecraft and airplanes is being driven up by giant corporations like Lockheed Martin and Boeing. The 2024 and 7075 aluminum alloys are especially favored because of their enhanced resilience to wear and stress. Growth in air travel, military procurement orders, aerospace technology advancements, and sustainability initiatives all have an impact on the market. The need for aerospace-grade aluminum is rising as manufacturers who prioritize lowering carbon emissions are now considering lighter materials for fuel efficiency.

Key Players
Alcoa Corporation, Constellium, Kaiser Aluminum, Hindalco Industries Ltd., Thyssenkrupp, AMG (Advanced Metallurgical Group), VSMPO-AVISMA Corporation, Aluminium Precision Products, Inc., Mifa Aluminium, Wuxi HENG TAI AEROSPACE Science and Technology Co., Ltd., and UACJ Corporation are the major participants in the aerospace aluminium market.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 KEY HIGHLIGHTS
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLO
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 CONSUMPTION & NET TRADE APPROACH
3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING DEMAND FOR LIGHTWEIGHT MATERIALS
4.2.2 GROWTH OF COMMERCIAL AVIATION INDUSTRY
4.3 RESTRAINTS
4.3.1 HIGH COST OF RAW MATERIALS
4.4 OPPORTUNITY
4.4.1 EMERGING MARKETS FOR AIRCRAFT MANUFACTURING
4.5 IMPACT ANALYSIS OF COVID-19
4.5.1 IMPACT ON SUPPLY
4.5.1 IMPACT ON DEMAND
4.6 IMPACT ANALYSIS OF RUSSIA-UKRAINE WAR
4.5.1 IMPACT OF ECONOMIC RECESSION BY REGION
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 PARTICIPANTS (AT DIFFERENT NODES)
5.1.1.1 RAW MATERIAL SUPPLIERS
5.1.1.1.1FEEDSTOCK SELECTION & PROCUREMENT
5.1.1.1.2 QUALITY AND PURITY STANDARDS
5.1.1.1.3 LIST OF RAW MATERIAL SUPPLIERS
5.1.1.2 MANUFACTURERS
5.1.1.2.1 PRODUCTION PROCESS
5.1.1.2.2 LIST OF MANUFACTURERS BY COUNTRY (COMPANY NAME, HEADQUARTERS AND CONTACT DETAILS)
5.1.1.3 DISTRIBUTION CHANNEL
5.1.1.3.1 LOGISTICS
5.1.1.3.2 SALES AND MARKETING STRATEGIES
5.1.1.3.3 LIST OF DISTRIBUTORS/SUPPLIERS
5.1.1.4 END-USER
5.1.1.4.1 CUSTOMER NEEDS, PREFERENCES, PAIN POINTS & APPLICATIONS
5.1.1.4.2 LIST OF POTENTIAL CUSTOMERS/END USERS
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 BARGAINING POWER OF SUPPLIERS
5.2.2 BARGAINING POWER OF BUYERS
5.2.3 THREAT OF NEW ENTRANTS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
5.3 CASE STUDY ANALYSIS
5.3.1 CASE STUDY 1
5.3.2 CASE STUDY 2
5.4 PRICING ANALYSIS, BY REGION (USD/TON)
5.5 PERFORMANCE CHARACTERISTICS ANALYSIS
5.5.1 STRENGTH-TO-WEIGHT RATIO
5.5.2 CORROSION RESISTANCE
5.5.3 FATIGUE RESISTANCE
5.5.4 TEMPERATURE PERFORMANCE
5.5.5 FORMABILITY
5.6 REGULATORY FRAMEWORK
5.6.1 GOVERNMENTAL POLICIES
5.6.2 PATENT ANALYSIS
5.7 TECHNOLOGICAL ADVANCEMENTS
5.7.1 ADDITIVE MANUFACTURING (3D PRINTING)
5.7.2 ADVANCED PROCESSING TECHNIQUES
5.7.3 SURFACE TREATMENTS AND COATINGS
5.7.4 SMART MATERIALS AND STRUCTURES
5.7.5 ADVANCED ALLOYS
5.8 R&D UPDATE
5.8.1 CURRENT SCENARIO
5.8.2 FUTURE ROADMAP
5.8.3 NOVEL APPLICATIONS
5.8.4 KEY DEVELOPMENTS
5.9 BROAD LEVEL GAP ANALYSIS
5.10 TRADE ANALYSIS (HS CODE: 2606) (IN USD THOUSAND)
5.10.1 NET IMPORTS & EXPORTS
5.10.1.1 NET IMPORT
5.10.1.2 NET EXPORT
5.10.2 KEY COUNTRIES
5.10.2.1 KEY IMPORTERS
5.10.2.2 KEY EXPORTERS
5.10.3 TRADE IMPACT ON THE MARKET
6 GLOBAL AEROSPACE ALUMINUM MARKET, BY CONSTRUCTION
6.1 INTRODUCTION
6.1.1 2024 GRADE
6.1.2 7075 GRADE
6.1.3 6061 GRADE
6.1.4 6082 GRADE
6.1.5 OTHERS
7 GLOBAL AEROSPACE ALUMINUM MARKET, BY STORAGE
7.1 INTRODUCTION
7.1.1 CASTING
7.1.2 EXTRUSION
7.1.3 WELDING
7.1.4 FORGING
7.1.5 OTHERS
8 GLOBAL AEROSPACE ALUMINUM MARKET, BY END USER
8.1 INTRODUCTION
8.1.1 COMMERCIAL AVIATION
8.1.2 BUSINESS & GENERAL AVIATION
8.1.3 MILITARY AND DEFENSE
8.1.3 OTHERS
9 GLOBAL AEROSPACE ALUMINUM MARKET, BY REGION
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 FRANCE
9.3.4 RUSSIA
9.3.5 SPAIN
9.3.6 ITALY
9.3.7 NETHERLANDS
9.3.8 POLAND
9.3.9 DENMARK
9.3.10 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 INDIA
9.4.4 SOUTH KOREA
9.4.5 REST OF ASIA PACIFIC
9.5 SOUTH AMERICA
9.5.1 BRAZIL
9.5.2 ARGENTINA
9.5.3 REST OF LATIN AMERICA
9.6 MIDDLE EAST & AFRICA
9.6.1 SOUTH AFRICA
9.6.2 GCC COUNTRIES
9.6.3 TURKEY
9.6.4 REST OF THE MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 COMPANY MARKET SHARE ANALYSIS, 2023 (%)
10.3 COMPETITION DASHBOARD
10.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023
10.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
10.5.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT
10.5.2 CAPACITY EXPANSION
10.5.3 CONTRACT
10.5.4 PARTNERSHIP
11 COMPANY PROFILES
11.1 ALCOA CORPORATION
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGY
11.2 CONSTELLIUM
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGY
11.3 KAISER ALUMINIUM
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS OFFERED
11.3.4 KEY DEVELOPMENTS
11.3.5 SWOT ANALYSIS
11.3.6 KEY STRATEGY
11.4 HINDALCO INDUSTRIES LTD.
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGY
11.5 THYSSENKRUPP
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS 127
11.5.6 KEY STRATEGY
11.6 AMG (ADVANCED METALLURGICAL GROUP)
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGY
11.7 VSMPO-AVISMA CORPORATION
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 SWOT ANALYSIS
11.7.6 KEY STRATEGY
11.8 ALUMINIUM PRECISION PRODUCTS, INC.
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 SWOT ANALYSIS
11.8.6 KEY STRATEGY
11.9 MIFA ALUMINIUM
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 SWOT ANALYSIS
11.9.6 KEY STRATEGY
11.10 WUXI HENG TAI AEROSPACE SCIENCE AND TECHNOLOGY CO., LTD.
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 SWOT ANALYSIS
11.10.6 KEY STRATEGY
11.11 UACJ CORPORATION
11.11.1 COMPANY OVERVIEW
11.11.2 FINANCIAL OVERVIEW
11.11.3 PRODUCTS OFFERED
11.11.4 KEY DEVELOPMENTS
11.11.5 SWOT ANALYSIS
11.11.6 KEY STRATEGY
11.12 RELATED REPORTS