Report : Middle East & Africa Aircraft Isothermal Forging Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Aircraft Components (Fan Blade, Turbine Disks, Shafts, and Connector Rings), Forging Material (Titanium and Nickel-based Superalloys), and Fit Type (Line Fit and Retrofit) 

At 3.6% CAGR, the Middle East & Africa aircraft isothermal forging market is speculated to be worth US$ 54.47 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa aircraft isothermal forging market was valued at US$ 44.02 million in 2022 and is expected to reach US$ 54.47 million by 2028, registering an annual growth rate of 3.6% from 2022 to 2028. Surge in number of isothermal forged parts applications in aircraft manufacturing and development of fuel-efficient next-generation aircraft engines are the critical factors attributed to the market expansion.

Isothermally forged titanium alloy parts have penetrated to meet various design and performance requirements across the aircraft manufacturing industry. Aircraft manufacturers are looking for new ways to reduce the weight of an aircraft. Moreover, there has been an increase in the wide-scale adoption of isothermally forged titanium alloy parts applications in the aircraft manufacturing industry, such as airframes, engine parts, compressor discs, compressor blades, fans, and shafts. The increasing number of applications of isothermally forged titanium alloy parts is driving the aircraft isothermal forging market growth. For instance, isothermally forged titanium alloys such as Ti-6Al-4V, Ti-10V-2Fe-3Al, and Ti-5AI-2Sn-2Zr-4Cr-4Mo find their application in the manufacturing of aircraft landing gear and structural components. Further, isothermal forging of titanium alloy has vital applications in aircraft manufacturing, such as gear blanks, compressor cases, fan cases, rotors, shafts, seals, splitters, bearing housings, and turbine disks. Furthermore, they have important applications across the aerospace industry to manufacture bulkheads, wing roots and spars, hinges, engine mounts, brackets, beams, shafts, bell-cranks, landing-gear cylinders and struts, brake carriers and discs, and arresting hooks. Another major application of isothermal forged titanium alloy parts is in manufacturing turbo-machinery components. For instance, titanium-based and nickel-based superalloys are forged into buckets, blades, couplings, discs, manifolds, rings, chambers, wheels, and shafts in jet turbine engines. The isothermal forging components are stronger as compared to conventionally forged components. Further, the increasing use of isothermal forged titanium alloy components among aircraft OEMs and MRO service providers is also driving the aircraft isothermal forging market growth.

On the contrary, preference for casting over other production methods hurdles the growth of Middle East & Africa aircraft isothermal forging market.

Based on aircraft components, the Middle East & Africa aircraft isothermal forging market is segmented into fan blade, turbine disks, shafts, and connector rings. The fan blade held 39.6% market share in 2022, amassing US$ 17.43 million. It is projected to garner US$ 23.36 million by 2028 to expand at 5.0% CAGR during 2022–2028.

 

 

Based on forging material, the Middle East & Africa aircraft isothermal forging market is bifurcated into titanium and nickel-based superalloys. With 76.7% share of the domain, the nickel-based superalloys segment dominated the market in 2022. It accrued US$ 33.76 million in 2022 and is estimated to generate US$ 40.94 million by 2028 to grow at a CAGR of 3.3% over the forecast period.

On the basis of fit type, the Middle East & Africa aircraft isothermal forging market is categorized into line fit and retrofit segment. With 65.0% share of the domain, the retrofit segment dominated the market in 2022. It accrued US$ 30.41 million in 2022 and is estimated to generate US$ 38.46 million by 2028 to grow at a CAGR of 4.0% over the forecast period

Based on country, the Middle East & Africa aircraft isothermal forging market is segmented into Saudi Arabia, the UAE, South Africa, and the rest of Middle East & Africa. Our regional analysis states that the rest of Middle East & Africa captured 65.5% market share in 2022. It was assessed at US$ 28.82 million in 2022 and is likely to hit US$ 36.88 million by 2028, exhibiting a CAGR of 4.2% during the forecast period.

Key players dominating the Middle East & Africa aircraft isothermal forging market are Alcoa Corporation, ATI, Howmet Aerospace, and LISI Aerospace among others.

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