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.