What is the Current Size and Future Growth Projections of the Aeroengine Composites Market?
The aeroengine composites market size has witnessed significant growth in recent years, rising from $2.55 billion in 2024 to $2.98 billion in 2025, showing a compound annual growth rate (CAGR) of 16.8%. This past growth was primarily fueled by weight reduction requirements, improved fuel efficiency demands, regulatory standards for emissions, and increased emphasis on engine performance.
Looking ahead, the aeroengine composites market size is expected to see rapid expansion, forecasted to reach $4.85 billion in 2029, with a CAGR of 12.9%. Key drivers in the forecast period include rising demand for lightweight aircraft, continued development of advanced composite materials, stringent emission regulations, growing adoption of carbon fiber composites, and an increased focus on sustainable aviation. Major trends in the forecast period include integration of 3D printing in composite manufacturing, advancements in nano-composites for aeroengines, application of hybrid composite structures, development of self-healing composites, and emphasis on recycling and circular economy in composite production.
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What Drives the Growth of the Aeroengine Composites Market?
The constant demand for low-fuel engines is expected to be a key driver of the aeroengine composites market. As aircraft engines with low fuel consumption not only reduce carbon dioxide emissions, but also decrease operational costs for airline companies, there is a growing need for fuel-efficient engines.
Efficient fuel utilization helps in conserving valuable financial resources for airlines. The incorporation of aero-engine composites will reduce the overall weight of the aircraft and enhance its fuel efficiency. For instance, the new Corporate Average Fuel Economy (CAFE) standards released in April 2022 by the Department of Transportation US-based require a fleet average of approximately 49 mpg by model year 2026. This meaningful increase in fuel economy makes the demand for low-fuel engines a significant driving force in the aero-engine composites market.
What Are the Major Market Segments of the Aeroengine Composites Market?
The aeroengine composites market described in this report is segmented by:
1) Type: Polymer Matrix Composites, Ceramic Matrix Composites, Metal Matrix Composites
2) Component: Fan Blades, Fan Case, Guide Vanes, Shrouds, Other Components
3) Application: Commercial Aircraft, Military Aircraft, General Aviation Aircraft
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Who are the Major Players in the Aeroengine Composites Market?
Prominent companies operating in the aeroengine composites market include Solvay SA, Meggitt plc, Hexcel Corporation, Albany Engineered Composites Inc., Fischer Advanced Composite Components AG, General Electric Aircraft Engines, Rolls Royce plc, Safran SA, General Dynamics Corporation, GKN Ltd., Triumph Group Inc., Safran Aerospace Composites, Albany International Corp, Mitsubishi Heavy Industries Ltd., Dassault Aviation SA, Arconic Corporation, Aviation Industry Corporation of China Ltd., Aerojet Rocketdyne Holdings Inc., Moog Inc., Diehl Aerospace GmbH, Hexion Inc., Strongwell Corp, Huayuan Advanced Materials Co. Ltd., Toray Industries Inc., Teijin Ltd., Owens-Corning, SGL Carbon SE, Huntsman Corporation, Cytec Industries Inc., DuPont de Nemours Inc.
What Trends are Emerging in the Aeroengine Composites Market?
Technological advancement is a key trend emerging in the aeroengine composites market. Many aero-engine composites manufacturers are adopting advanced technologies to create composites that enable high fuel efficiency in engines and reduce CO2 emissions. For example, in September 2024, Toray Industries, Inc., a Japan-based advanced materials provider, launched Toray Cetex TC1130 PESU, which offers significant benefits including lightweight and fully recyclable properties ideal for aircraft interior applications.
What are the Regional Growth Prospects for the Aeroengine Composites Market?
North America was the largest region in the aeroengine composites market in 2024, and the market report also covers regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Notably, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
What does the Aeroengine Composites Market Report 2025 Offer?
The aeroengine composites refer to materials made up of two or more constituent parts used in the manufacture of various aerospace engines. Aeroengine composites help in reducing the overall weight of the aircraft and increase fuel efficiency. They offer high strength, thermal stability, and impact resistance. The aeroengine composites are easy to assemble and are resistant to fatigue or corrosion. The Aeroengine Composites Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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