Aerospace Special Metal Market Size, Share, Growth, Industry Analysis By Type (Aluminum Alloys, Titanium Alloys, Steel Alloys, and Super Alloys) By Application (Engines, and Airframes) and Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast from 2025 To 2033

• 

   Request a Free Sample To Get More Information on this Market

AEROSPACE SPECIAL METAL MARKET REPORT OVERVIEW

The global aerospace special metal market size was valued at approximately USD 10.75 billion in 2024 and is expected to reach USD 14.83 billion by 2033, growing at a compound annual growth rate (CAGR) of about 3.6% from 2025 to 2033.

In the market study, our analysts have considered aerospace special metal players such as Allegheny Technologies Inc, Arconic, Carpenter Technology, VSMPO-AVISMA, Constellium, Kaiser Aluminum, Timet, Novelis, Special Metals Corporation, Haynes International, and KUMZ.

Aerospace special metals that use metal alloys have been developed and gained prominence due to their consumption for aerospace purposes. It requires extraordinary performance, heat resistance, even at the cost of considerable expense in their production. Specialized alloys make it possible for the aerospace industry to produce high-performance parts such as jet engines and airframes. These components must withstand high pressure, intense heat, and temperature variations that stress ordinary metals to their breaking points. The metal produces aerostructure components because of its exceptional properties, including heat and corrosion resistance. The growing use of aluminum in internal fittings of aircraft to reduce weight and fuel consumption is anticipated to aid the demand.

The metals used in the aircraft manufacturing industry containsteel, aluminum, and titaniumwith specific potentials that make them ideal. Titanium and itsalloys are majorly used in aircraft construction due to its high strength properties, high-temperature resistance, and high corrosion resistance compared to steel and aluminum. Despite being expensive, titanium is used in aircraft construction due to its excellent material properties. The most common aluminum alloy used in aerospace is7075, zinc as the critical alloying component. It is vital, equivalent to various steels, has good fatigue strength and average machinability, but less corrosion resistance than other aluminum alloys.

COVID-19 Impact

"Halt on Production and Travel Restrictions to Impede Sales."

The outbreak of the COVID-19 pandemic impacted the economy in several countries across the globe. COVID-19 has negatively impacted the demand for the aerospace special metal. The disruption in the supply chain due to delays in the arrival of raw materials disrupted economic flows, and lack of production line workers have forced aerospace component manufacturers to function at limited capacities. The European region is one of the worst affected by the COVID-19, resulting in decreased industrial and economic activities across all major countries such as Germany, France, the U.K., Italy, and France.

The travel restriction has reduced air travel significantly, which has hit hard on the aerospace industry by reducing new aircraft deliveries and demand. The decline in aircraft deliveries has diminished the need for aerospace special metal. Significant investments have resulted in the growth of innovative materials with improved features. Such factors are supporting the development of the aerospace special metal market growth.

LATEST TRENDS

"Technological Advancement to Bolster Market Progress"

The manufacturers are investing in implementing new metals with a high strength-to-weight ratio. Composite materials offer numerous benefits such as low weight, effortless shaping, control, and renewing. Composites such as ceramic and metal matrix composites, fiber-reinforced polymers, and carbon-carbon composites are strictly structured in the aircraft manufacturing industry due to their favorable properties.

Technological advancements in ceramic and composite metals are expected to drive the future market growth for aerospace special metals. They are the next-generation materials for production. The self-healing concept is likely to reduce fatigue and the subsequent chance of disaster along with the extended lifespan of polymer composites. Hence, the market is anticipated to achieve the highest growth rate during the forecast period.

AEROSPACE SPECIAL METAL MARKET SEGMENTATION

• By Type Analysis

By type, the market is segmented into aluminum alloys, titanium alloys, steel alloys, and super alloys.

The titanium alloy segment is expected to lead because it is popularly used for several aerospace components, including the exterior structure, internal engine, and wings. High strength and corrosion resistance make titanium durable, adaptable, and appropriate for the majority of devices. These factors are likely to influence the growth of the industry.

• By Application Analysis

Based on the application, the market is classified into engines and airframes.

The engine segment is expected to lead because it can survive extreme temperatures for parts such as engines and exhausts. In addition to reliable quality, the alloy needs to be delivered in multiple product systems to cater to the specific application. These factors are likely to fuel the segment growth.

DRIVING FACTORS

"Increasing Demand for Aircraft to Facilitate Industry Progress"

The global aerospace industry had experienced an increase in the passenger air travel segment after the COVID-19 pandemic. The aerospace companies started operating at full capacities with no travel restrictions and interruption in the supply chain. The demand for the aerospace special metal from the aerospace industry has increased. The amount of individuals using air transport is rising, driving the demand for number of planes. This demand will bring opportunities to companies providing aerospace special metals in the aircraft manufacturing industry.

"Growing Usage of Titanium to Magnify Market Growth"

Titanium is used in the production process of aircraft due to its excellent properties, including high strength, high-temperature resistance, and corrosion resistance. Titanium is widely used in various parts of an airplane, both on the exterior and interior of the engine. It can be found in the wings and landing, engine housing, fan blades, and pumps. As titanium becomes more widely used, the cost is expected to drop, making it the metal of choice in the aerospace industry. Presently, the costs associated with titanium mean it is not feasible to use for widespread use throughout the aircraft.

Moreover, in aerospace manufacturing, nickel alloys are used due to their ability to resist high temperatures and corrosion. They are structurally strong and have creep resistance properties. They are used to create the turbines of airplane devices due to the enormous heat because nickel alloys retain their strength at higher temperatures.

RESTRAINING FACTORS

"Halt on Production and Maintenance Cost to Impede Market Progress"

The decline in the number of aircraft deliveries directly impacted the aerospace special metal market. The depletion ofmetals in commercial aircraft and the reduction in demand for composite due to the reduced number of aircraft orders would negatively impact the market. The growth in combined usage of metals is also a cause for concern and changes in the industry. The biggest concern for composite materials for aircraft is their maintenance, repair, and overhaul.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

AEROSPACE SPECIAL METAL MARKET REGIONAL INSIGHTS

"Presence of Prominent Players to Bolster Growth in North America"

Regionally, the market is grouped into North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the aerospace special metal market share. Its domination over the market is majorly owing to the robust military aircraft plans of the U.S. The U.S. and Canada are the most prominent defense financiers that have been increasing their defense spending. The United States Department of Defense (DoD) has invested considerably in R&D for the development of new aircraft resources and refined production processes for advanced aerospace materials.

Europe is the second-largest market shareholder in the aerospace special metal market due to increasing demand from the commercial sector. Germany has transported the most number of commercial aircraft followed by the U.S. and France. Increased distributions of aircraft mainly drive the aerospace special metal demand in the region. Moreover, the presence of key players and the production of military aircraft and helicopters is anticipated to drive the market in the region.

KEY INDUSTRY PLAYERS

"Increasing Investments and Government Regulations to Improve Market Position"

The market is expected to witness significant growth in the future owing to the following developments, investments, and demand in the commercial sector. The market is observing increased collaborations and innovations, which is supporting market growth. The stringent security and regulatory policies in the defense sector are expected to constrain the entry of new players. Furthermore, the market is mainly influenced by the prevailing economic conditions in dominant markets like the United States.

List Of Top Aerospace Special Metal Companies

• Allegheny Technologies Inc. (U.S.)
• Arconic (U.S.)
• Carpenter Technology (U.S.)
• VSMPO-AVISMA (Russia)
• Constellium (France)
• Kaiser Aluminum (U.S.)
• Timet (U.S.)
• Novelis (U.S.)
• Special Metals Corporation (U.S.)
• Haynes International (U.S.)
• KUMZ (Russia)

INDUSTRY DEVELOPMENT

• June 2021: Boeing built AH-64 Apache attack helicopters for the U.S. Army under a USD 169.5 million agreement. The E-model Apache Guardian features new multiple rotor blades.

REPORT COVERAGE

The report covers recent market developments, strategic analysis, market growth, market size, product developments, product introductions, geographical expansions, and technological inventions associated with the aerospace special metal market.