What Is The Projected Market Size And Growth Rate For The Aerospace Composites Market?
The aerospace composites market size has witnessed significant growth over the years, expanding from $35.59 billion in 2024 to an estimated $41.45 billion in 2025 at a compound annual growth rate (CAGR) of 16.5%. Factors such as regulatory changes, environmental considerations, globalisation, and the aging aircraft fleet have been instrumental in driving growth during the historic period.
Going forward, the aerospace composites market is expected to grow rapidly, reaching a projected value of $70.55 billion in 2029 at a compound annual growth rate (CAGR) of 14.2%. The key drivers of this growth in the forecast period include economic growth, aircraft fleet modernisation, recycling, sustainability initiatives, consolidation in the aerospace industry, and increased demand for passenger and cargo aircraft production. Notable market trends include the adoption of digital twin and simulation technology, engineered fiber architectures, and sustainable, eco-friendly composites.
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What Are The Key Factors Driving Aerospace Composites Market?
A key driver for the aerospace composites market is the increase in demand for high-strength and lightweight composite materials. Using lightweight materials can increase energy efficiency and reduce fuel consumption by reducing the mass of the aircraft, as a lower aircraft mass requires less lift force and thrust. It also reduces carbon footprint, increases structural strength and stiffness, and enhances flight performance and safety. For example, a report from the non-profit association Composites United e.V. Germany, reveals that the volume of the global composite sector in 2022 surpassed that of 2021, totaling 12.7 million metric tons. This highlights the growing use of lightweight materials in the aerospace composites market.
What Are The Key Market Segments Within The Aerospace Composites Market?
1) By Fiber Type: Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites, Others
2) By Aircraft Type: Commercial Aircraft, Business & General Aviation, Civil Helicopter, Military Aircraft, Others
3) By Manufacturing Process: AFP/ATL, Lay-Up Process, Resin Transfer Molding Process, Filament Winding Process, Others
4) By Resin Type: Benzoxazine, Cyanate Ester, Bismaleimide, Ceramic and Metal Matrix, Thermosetting Resins, Polyester, Others
5) By Application: Interior, Exterior
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Who Are The Major Players In The Aerospace Composites Market?
Prominent companies in the aerospace composites market include Solvay SA, Toray Industries Inc., Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, Teijin Limited, SGL Carbon SE, Materion Corporation, Owens Corning, Spirit AeroSystems Inc., LEE Aerospace Inc., Gurit Holding AG, General Electric Corporation, Rolls-Royce Motor Cars Ltd., Kineco-Kaman Composites, Nippon Graphite Fiber Corporation, Lockheed Martin Corporation, Raytheon Technologies Corporation, The Boeing Company, Airbus SE, Northrop Grumman Corporation, Safran SA, Leonardo S.p.A., Honeywell International Inc., L3Harris Technologies Inc., Dassault Aviation SA, Arconic Corporation, Aviation Industry Corporation of China, Triumph Group Inc., Harris Corporation.
What Are The Emerging Trends In The Aerospace Composites Market?
Technological advancements in the aerospace composites market focus on the development of composite material and process technologies, particularly for maintenance, repair, and overhaul (MRO) applications. A structural film adhesive is a durable adhesive used for bonding parts during MRO, especially in aerospace. In 2023, Park Aerospace Corp launched Aeroadhere FAE-350-1, a high-performance structural film adhesive specifically designed for aerospace applications. This epoxy-based adhesive is intended to enhance the reliability and efficiency of aerospace structures.
Which Region Is The Most Dominant In The Aerospace Composites Market?
North America was the largest region in the aerospace composites market in 2024, while Asia-Pacific is expected to witness the fastest growth during the forecast period.
What Does The Aerospace Composites Market Report 2025 Offer?
Aerospace composites are superior materials used to construct effective aircraft components, enhancing commercial and military aircraft performance. These composites have excellent physical properties and unmatched strength and stiffness-to-density ratios. They are flexible and can be manufactured in different shapes, reducing material wastage and corrosion resistance. The Aerospace Composites Market Research Report from The Business Research Company offers insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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