Aerospace Rolled Products Market Report

Market Highlights

Several forms of raw materials are used in the aerospace industry such as flat products, rolled products, and extruded products. Rolled products include sheets, plates, foils, strips, etc. Plates are rectangular cross-sections of metal that have a thickness of a quarter of an inch or more (0.25 in or >6 mm). Plates are extensively used in the aerospace industry for a range of applications such as upper and lower wing covers, fuselage panels, tactical aircraft bulkheads, and internal fuselage structures. Sheets usually have a thickness in the range of 0.2 mm to 6.3 mm. Any rolled products thinner than 0.2 mm are called foils.

The disheveled scenario in the aerospace industry has been prevalent in the aerospace industry since 2019. Starting with Boeing’s best-selling aircraft B737 MAX’s grounding to the rampant pandemic outbreak, the aerospace industry has been struggling to achieve a state of placidity for quite some time now. The aerospace rolled products market could not escape the wrath of the pandemic and tumbled by a massive -30.6% YoY in 2020.

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Nevertheless, the irrepressible aerospace industry is likely to emerge out of the glim market conditions sooner rather than later, well-backed by strong industry fundamentals and an unmatched prowess in handling crises. The early signs of healing are prominent in the industry with the ungrounding of B737MAX, resuming aircraft deliveries, and alleviating losses in the aerospace giants’ revenues. For instance, Airbus reaped profit in Q1 2020 as opposed to grave loss in Q1 2020. The aerospace rolled products market is likely to mirror the industry’s trajectory towards recovery from 2021 onwards with a CAGR of 8.9% during 2021-2026, to reach a value of US$ 5.8 Billion by 2026.

Market Segments' Analysis

Stratview Research has segmented the market based on the platform type as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, UAV, and spacecraft. Commercial aircraft is projected to remain the largest and fastest-growing market segment over the next six years. Swiftly recovering the production of aircraft and the market entry of new aircraft, such as C919, are the prime factors behind the segment’s long-term healthy growth. Airbus confirmed that the production rate of the A320 family will be 45 aircraft per month by the fourth quarter of 2021 and is likely to leap to 64 aircraft per month by the second quarter of 2023.

We have segmented the market as titanium & alloys, aluminum & alloys, steel & alloys, and others based on the material type. The Aluminum & alloys segment is likely to hold the lead in 2020, whereas titanium & alloys are expected to be the fastest-growing segment during the forecast period. Aluminum & alloys have remained the material of choice for several decades in the aerospace industry. Aluminum is a low-cost, lightweight metal that can be heat-treated to fairly high-strength levels; and it is one of the most easily fabricated high-performance materials. Titanium offers a remarkable weight advantage for aerospace structures as its density is 40% lesser than that of steel- or nickel-based alloys. Titanium and nickel are increasingly gaining traction in the aerospace industry owing to a plethora of advantages offered by them.

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In terms of regions, North America is expected to capture the highest share of the aerospace rolled products market during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators. Most of the rolled product suppliers have their presence in the region to address the emergent needs of OEMs and to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

Asia-Pacific is likely to recoup at the fastest rate, witnessing the highest growth over the next six years. The region's highest growth is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of Boeing and Airbus assembly plants for multiple aircraft programs; increasing production and procurement of military aircraft, owing to rising defense budget; and upcoming indigenous aircraft, C919. India and China to remain the thrust-bearers of the region’s market in the long run.

Key Players

The major companies are actively performing mergers & acquisitions to quickly gain the leading position and to tap growing opportunities in this briskly expanding market, which, in turn, nudging the market for aerospace rolled products towards consolidation. For instance; in 2015, Alcoa Corporation, the world’s leading supplier of aluminum, acquired RTI International Metals, gaining excellent capabilities in the aerospace titanium market. Several players maintain a fair presence at several nodes in the supply chain, attaining an edge over their competitors.

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The supply chain of this market comprises several nodes including raw material suppliers, rolled product manufacturers, tier players, aircraft and engine OEMs, airlines, aircraft leasing companies, and MRO companies. The following are the key players in the aerospace rolled products market.

• Allegheny Technologies Incorporated.
• Arconic Corporation
• Carpenter Technology Corporation
• Constellium SE
• Kaiser Aluminum Corporation
• Titanium Metals Corporation (TIMET)
• VSMPO-AVISMA Corporation

The development of lightweight rolled products for critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to maintain a stable position in the market. 

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace rolled products market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our aerospace raw materials market, aerospace tubes market, aerospace bars market, aerospace sheets market, and aerospace plates market reports from the industry stakeholders, we have tried to further accentuate our research scope to the aerospace rolled products market in order to provide the most crystal-clear picture of the market. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants and investors in the identification of the low-hanging fruits available in the market and formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The aerospace rolled products market is segmented into the following categories. 

Aerospace Rolled Products Market, by Platform Type

• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Spacecraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Rolled Products Market, by Product Type

• Sheets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Plates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Rolled Products Market, by Material Type

• Titanium & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aluminum & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Steel & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Rolled Products Market, by Sales Channel Type

• Direct Sales (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Distributor Sales (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Rolled Products Market, by Product Type

• Hot-Rolled Products (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cold-Rolled Products (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Rolled Products Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com