The global market for Aerospace Composites was valued at US$36.5 Billion in 2024 and is projected to reach US$60.3 Billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have played a critical role in expanding the use and capabilities of aerospace composites. Innovations in manufacturing processes, such as automated fiber placement (AFP) and resin transfer molding (RTM), have improved the precision and efficiency of composite production, enabling the creation of complex and large-scale components. The development of new resin systems and high-performance fibers has further enhanced the mechanical properties of composites, offering superior resistance to fatigue, corrosion, and impact compared to traditional materials like aluminum and steel. Additionally, advancements in non-destructive testing (NDT) techniques ensure the integrity and reliability of composite structures, which is crucial for maintaining safety standards in the aerospace industry.
The growth in the aerospace composites market is driven by several factors, including the increasing demand for lightweight and fuel-efficient aircraft, advancements in composite materials and manufacturing technologies, and the expanding application of composites in military and commercial aviation. The rising cost of fuel and the need to reduce carbon emissions have compelled the aerospace industry to adopt lighter materials, propelling the demand for composites. Technological innovations, such as the development of next-generation composite materials with enhanced properties and more efficient production methods, have broadened the scope of composite applications. Additionally, the growing defense budgets and the modernization of military aircraft fleets have spurred the use of advanced composites in defense aerospace applications. The increasing production rates of commercial aircraft, driven by the recovery of air travel post-pandemic and the rising number of air passengers globally, further bolster the demand for aerospace composites. These factors collectively underscore the critical role of composites in the future of aerospace engineering and the continued expansion of this dynamic market.
Global Aerospace Composites Market - Key Trends & Drivers Summarized
Aerospace composites are advanced materials composed of a matrix, such as resin, reinforced with fibers like carbon, glass, or aramid, designed to meet the rigorous demands of the aerospace industry. These materials are valued for their high strength-to-weight ratio, which significantly reduces the weight of aircraft while enhancing performance and fuel efficiency. The adoption of composites in aerospace dates back to the 1960s, but recent decades have seen a surge in their application, driven by continuous advancements in material science and manufacturing techniques. Today, composites are integral to the construction of various aircraft components, including fuselages, wings, and tail sections, as well as in the production of engine parts and interior components.Technological advancements have played a critical role in expanding the use and capabilities of aerospace composites. Innovations in manufacturing processes, such as automated fiber placement (AFP) and resin transfer molding (RTM), have improved the precision and efficiency of composite production, enabling the creation of complex and large-scale components. The development of new resin systems and high-performance fibers has further enhanced the mechanical properties of composites, offering superior resistance to fatigue, corrosion, and impact compared to traditional materials like aluminum and steel. Additionally, advancements in non-destructive testing (NDT) techniques ensure the integrity and reliability of composite structures, which is crucial for maintaining safety standards in the aerospace industry.
The growth in the aerospace composites market is driven by several factors, including the increasing demand for lightweight and fuel-efficient aircraft, advancements in composite materials and manufacturing technologies, and the expanding application of composites in military and commercial aviation. The rising cost of fuel and the need to reduce carbon emissions have compelled the aerospace industry to adopt lighter materials, propelling the demand for composites. Technological innovations, such as the development of next-generation composite materials with enhanced properties and more efficient production methods, have broadened the scope of composite applications. Additionally, the growing defense budgets and the modernization of military aircraft fleets have spurred the use of advanced composites in defense aerospace applications. The increasing production rates of commercial aircraft, driven by the recovery of air travel post-pandemic and the rising number of air passengers globally, further bolster the demand for aerospace composites. These factors collectively underscore the critical role of composites in the future of aerospace engineering and the continued expansion of this dynamic market.
Scope of the Study
The report analyzes the Aerospace Composites market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Fiber Type (Carbon, Ceramic, Glass, Other Fiber Types); Type (Polymer Matrix, Ceramic Matrix, Metal Matrix); Aircraft Type (Commercial, Military, Business & General Aviation, Other Aircraft Types).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Carbon Fiber Composites segment, which is expected to reach US$23.4 Billion by 2030 with a CAGR of a 9.6%. The Ceramic Fiber Composites segment is also set to grow at 8.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $11.3 Billion in 2024, and China, forecasted to grow at an impressive 11.2% CAGR to reach $7.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bally Ribbon Mills, DuPont de Nemours, Inc., Hexcel Corporation, Materion Corp., Mitsubishi Chemical Carbon Fiber and Composites Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Aerospace Composites Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Aerospace Composites Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Aerospace Composites Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 104 major companies featured in this Aerospace Composites market report include:
- Bally Ribbon Mills
- DuPont de Nemours, Inc.
- Hexcel Corporation
- Materion Corp.
- Mitsubishi Chemical Carbon Fiber and Composites Inc.
- SGL Carbon SE
- Solvay S.A.
- Teijin Limited
- Toray Advanced Composites
- Unitech Composites Inc.
- VX Aerospace Corporation
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAJAPANCHINAFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
EUROPE
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bally Ribbon Mills
- DuPont de Nemours, Inc.
- Hexcel Corporation
- Materion Corp.
- Mitsubishi Chemical Carbon Fiber and Composites Inc.
- SGL Carbon SE
- Solvay S.A.
- Teijin Limited
- Toray Advanced Composites
- Unitech Composites Inc.
- VX Aerospace Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 651 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 36.5 Billion |
| Forecasted Market Value ( USD | $ 60.3 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
