Aerospace Composites Market Size

Aerospace Composites Market Insights

Aerospace Composites Market size was valued at USD 29.7 Billion in 2023 and is poised to grow from USD 33.17 Billion in 2024 to USD 89.81 Billion by 2032, growing at a CAGR of 11.7% during the forecast period (2025-2032).

Composites are commonly used in the aviation industry. They are utilised in aircraft parts such as wings, ribs, spars, frames, longerons, and fuselage stiffeners. A composite is made up of two or more components that, when mixed, create a new substance with better qualities that differ greatly from those present in the individual basis materials. Metals, aluminium alloys, polymers, and other materials have traditionally been utilised in the production of aircraft. With greater knowledge and technology. The market is expanding rapidly due to the increasing usage of composites in military and commercial aircraft. Other factors driving the growth of the Aerospace Composites Market include growing aircraft deliveries, replacing aged aircraft with new coming models, and developing fuel-efficient aircraft. In the aerospace business, a wide variety of composites are used. Composites are used in commercial aircraft, defence aircraft, helicopters, launchers, and engines. Furthermore, the drop in manufacturing and assembly costs had a beneficial impact on market growth. By lowering fuel costs and providing other benefits, composite has greatly helped airlines sustain and grow their business in emerging markets.

US Aerospace Composites Market is poised to grow at a sustainable CAGR for the next forecast year.

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Key vendors in Aerospace Composites Market are: 'Solvay Group ', 'Hexcel Corporation ', 'Toray Industries, Inc. ', 'Teijin Limited ', 'Mitsubishi Chemical Corporation ', 'SGL Carbon SE ', 'Gurit Holding AG ', 'Renegade Materials Corporation ', 'TenCate Advanced Composites BV ', 'Owens Corning ', 'Safran SA ', 'Park Aerospace Corp. ', 'Huntsman Corporation ', 'Evonik Industries AG ', 'Kineco Kaman Composites India Pvt. Ltd. ', 'Sekisui Aerospace ', 'Reneon Technologies ', 'General Dynamics Corporation'

In the best-case scenario, after 2021, when aerospace businesses can operate at full capacity with no travel limitations or disruptions in the supply chain, demand for composite materials from the aerospace and defence industries will skyrocket. In the aerospace sector, composite materials are widely used as sandwich structures in both interior and exterior applications. Composites' light weight and high tensile strength improve fuel efficiency, save maintenance costs, and enable OEMs to meet tough environmental laws in Europe and North America. Newer advanced aircrafts, such as the Airbus A350 XWB and Boeing Dreamliner 787, have a composite airframe that is 50 percent lighter.

Aerospace Composites are quickly increasing their market share in the aerospace industry. Given the benefits of design freedom, higher strength, and low weight, aircraft manufacturers are utilising aerospace composites in atypical components such as engine blades. The blades of the LEAP (Leading Edge Aviation Propulsion) engine in the Airbus A320neo are one such example. Composites have also been employed by some manufacturers in the seating material to make it lighter and more durable. For example, Explicit, a French aerospace seat maker, has created an aircraft seat weighing only 4 Kg by combining titanium and composite material. It is the lightest) seat to pass the crash test and is reported to save fuel of around US$ 400,000 per year in each 8737 and A320.

Based on region global aerospace composites market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. Because of the presence of prominent aircraft manufacturers, North America contributed the biggest contribution to the global market in 2021 and is expected to remain a dominant segment during the forecast period. Increasing investment in performance aerospace material research and development, as well as rising spending on space exploration operations, are expected to contribute to the growth of the North American aerospace composite market during the forecast period. Europe contributes a significant part to the global aerospace composites market, which is expected to rise steadily during the forecast period. Because of the growing number of aerospace composite producers in emerging markets, Asia Pacific is expected to be the most profitable market over the projection period.