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Aerospace materials market to reach $89.58B by 2031, driven by lightweight composites and Asia-Pacific growth

Market News
25 May 2026
Mordor Intelligence
View Source
Bullish
pluang ai news

The global aerospace materials market is projected to grow from $60.38 billion in 2026 to $89.58 billion by 2031, at a CAGR of 8.21%. Growth is fueled by rising demand for lightweight composite materials that improve fuel efficiency, increased satellite and launch vehicle production, and expanding commercial space activities. Asia-Pacific leads the market with over 53% share due to expanding aircraft production and domestic sourcing, while North America and Europe remain innovation hubs. Challenges include high costs of carbon fiber production and supply disruptions in strategic metals like titanium. Advances in 3D printing and additive manufacturing are helping reduce costs and production times, supporting market expansion.

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