The global market for Aerospace Composites was valued at an estimated US$32.5 Billion in 2023 and is projected to reach US$59.4 Billion by 2030, growing at a CAGR of 9.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Carbon segment, which is expected to reach US$23.1 Billion by 2030 with a CAGR of a 9.9%. The Ceramic segment is also set to grow at 9.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $10.3 Billion in 2023, and China, forecasted to grow at an impressive 11.3% CAGR to reach $7.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Aerospace Composites Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Aerospace Composites Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Aerospace Composites Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 104 Featured):
- 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. METHODOLOGYII. 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
- 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 | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 32.5 Billion |
| Forecasted Market Value ( USD | $ 59.4 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
