Aerospace Materials Companies

The aerospace materials market is expected to grow from USD 43.0 billion in 2025 to USD 62.3 billion by 2030, registering a CAGR of 7.7% during the forecast period. Aerospace materials are specialized materials engineered to deliver high performance under the extreme operating conditions of aircraft and spacecraft, characterized by their lightweight properties, high strength-to-weight ratio, and resistance to fatigue, creep, and corrosion. These include composites, which combine carbon, glass, or aramid fibers in a resin matrix to provide lightweight strength for fuselage, wings, and interiors; titanium alloys, valued for their high strength, corrosion resistance, and temperature endurance; aluminum alloys, widely used for their light weight, corrosion resistance, and machinability in fuselage and wing structures; steel alloys, offering exceptional strength and durability for landing gear, fasteners, and load-bearing components; and super alloys (nickel-, cobalt-, and iron-based), critical in jet engines and turbines for their ability to withstand extreme heat. Other advanced materials include GLARE (Glass Laminate Aluminum Reinforced Epoxy), which combines aluminum and glass fibers to offer fatigue resistance and damage tolerance, ceramics for thermal protection systems, and magnesium alloys for lightweight structural and interior applications. Collectively, these materials enable the aerospace industry to achieve greater efficiency, durability, safety, and innovation in modern aircraft and space vehicles.

Aerospace Materials Companies

The aerospace materials market is led by key players primarily based in Asia Pacific, North America, and Europe. Notable companies include Key players in the aerospace materials market include Syensqo (Belgium), Toray Industries, Inc. (Japan), Hexcel Corporation (US), Teijin Limited (Japan), Huntsman International LLC (US), VSMPO-AVISMA Corporation (Russia), SGL Carbon (Germany), Mitsubishi Chemical Advanced Materials (Japan), DuPont (US), SABIC (Saudi Arabia), Swiss Steel Group (Switzerland), ATI (US), Alcoa Corporation (US), China Ansteel Group Corporation Limited (China), and Precision Castparts Corp. (PCC) (US). Other notable companies contributing to the industry are Arris Composites, Inc. (US), Victrex PLC (UK), Albany International Corporation (US), Carpenter Technology Corporation (US), Voestalpine Böhler Edelstahl GmbH (Austria), Outokumpu Oyj (Finland), Western Superconducting Technologies (China), Baoji Titanium Industry (Baoti) (China), Kaiser Aluminum Corporation (US), and Novelis Inc. (US). Together, these companies represent a diverse mix of composite, metal, and advanced materials manufacturers that play a crucial role in meeting the performance, safety, and innovation demands of the global aerospace industry. To strengthen their market positions, they have adopted various growth strategies, including product launches, partnerships, contracts, mergers & acquisitions, and new product development, aiming to expand their footprint in the aerospace materials market.

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Mitsubishi Chemical Group Corporation (Japan)

Mitsubishi Chemical Group Corporation is a leading player in the aerospace materials market, offering a vertically integrated portfolio that spans PAN- and pitch-based carbon fibers, thermoset and thermoplastic prepregs, carbon fiber-reinforced plastics (CFRPs), and advanced molding solutions under brands like Pyrofil, DIALEAD, KyronTEX, and KyronMAX. The company serves key aerospace segments including commercial aviation, defense, space, and UAVs by delivering lightweight, high-strength, flame-retardant, fatigue-resistant, and temperature-resistant composite materials for interior structures, propulsion components, and structural parts. With manufacturing and R&D facilities across Japan, the US, and Europe, and strategic expansions like the acquisition of Italy’s CPC SRL for CF-SMC and PCM molding, Mitsubishi Chemical has reinforced its position in the global market. It also focuses on sustainability through closed-loop carbon fiber recycling and bio-based prepregs, while investing in next-generation technologies via Diamond Edge Ventures. The company’s deep technical expertise, global footprint, aerospace certifications, and focus on lightweighting and durability make it a preferred supplier for aerospace OEMs worldwide.

Toray Industries, Inc.  (Japan)

Toray Industries, Inc. (Japan) is a prominent supplier to the aerospace sector, offering advanced thermoset and thermoplastic composite materials used in manufacturing lightweight general aviation, military, and unmanned aircraft. The company is also a key provider of composites for the satellite, space exploration, and launch vehicle industries. Its products are extensively utilized across urban air mobility, defense, commercial, and industrial applications. Aerospace composite materials are primarily supplied through its subsidiary, Toray Advanced Composites. With operations spanning 29 countries particularly in Asia Pacific, Europe, and North America Toray emphasizes long-term agreements as a core strategy to expand its presence in the aerospace materials market.

Swiss Steel Group (Switzerland)

Swiss Steel Group, headquartered in Lucerne, Switzerland, is a global leader in specialized long-steel products, particularly stainless, engineering, and tool steels. With a workforce of around 7,500 professionals and operations spanning more than 25 countries, the company brings over five decades of expertise in serving the aerospace sector. It delivers high-purity, homogenous steel grades produced through advanced remelting processes, specifically designed to withstand the extreme fatigue and cyclic stresses of aerospace components. Certified to stringent quality standards including AS 9100, NADCAP, and ISO 9001, Swiss Steel ensures reliable supply to OEMs and MROs worldwide. In addition, the company offers additive manufacturing solutions such as gas-atomized metal powders and wire for WAAM, supporting aerospace innovation and reducing material waste. As a sustainability pioneer, Swiss Steel produces “Green Steel” using electric-arc furnace technology powered by recycled scrap, which significantly reduces CO2 emissions. This achievement is reinforced by top ratings from CDP and validation from the Science Based Targets initiative. Its aerospace material portfolio includes stainless and engineering steels, specialized steels for aerospace applications, and environmentally sustainable Green Steel.

AEROSPACE MATERIALS MARKET: MARKET RANKING

The aerospace materials market is competitive, with the top five players accounting for approximately 20-30% of the market share, which indicates that there are many regional players operating within this emerging market. Syensqo, a Belgian company, leads the market through its high quality aerospace grade composite materials and products, which find extensive applications in the aerospace & defense sector. Other prominent companies in the aerospace materials market include Toray Industries, Inc., Hexcel Corporation, and Mitsubishi Chemical Group Corporation. These companies have made significant progress in offering competitive products and solutions to meet various aerospace composite material applications and needs. These companies account for a significant market share, backed by their technological capabilities, geographical presence, wide product portfolios, and adoption of growth strategies. The market players are ranked based on their aerospace composites and materials product offerings, geographical presence, recent developments, and annual revenues.

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Aerospace Materials Market by Type (Aluminum Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composite Materials), Aircraft Type (Commercial Aircraft, Business & General Aviation, Helicopters), and Region - Global Forecast to 2030