The Aerospace Composites Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Aerospace Composites Market?
The Aerospace Composites Global Market Report 2025 indicates that the market size for aerospace composites has seen substantial growth in recent years. The value of the market will increase from $35.59 billion in 2024 to $41.45 billion in 2025, with a compound annual growth rate (CAGR) of 16.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Aerospace Composites Industry?
The Aerospace Composites Global Market is anticipated to expand to $70.55 billion by 2029, growing at a compound annual growth rate (CAGR) of 14.2%.
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What are the Key Growth Drivers Fueling the Aerospace Composites Market?
The key drivers in the aerospace composites market are:
• Economic growth leading to increased output and investment in aerospace industry
• Modernization of existing aircraft fleet with new composite materials
• Initiatives towards recycling and sustainability in the aerospace industry
• Increased demand for passenger and cargo aircraft production
Global Market Segmentation: Identifying Major Aerospace Composites Industry Segments
The aerospace composites market covered in this report is segmented –
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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What are the Emerging Trends Shaping the Future of the Aerospace Composites Market?
The key trends in the aerospace composites market are:
• The adoption of digital twin and simulation technology in aerospace composites is a noteworthy trend.
• The aerospace composites market is also seeing an increased usage of additive manufacturing methods.
• There is an emergence of engineered fiber architectures in the manufacturing processes.
• The sector is moving towards the usage of sustainable and eco-friendly composites.
Who Are the Top Competitors & Leading Players in the Aerospace Composites Market?
Major companies in the aerospace composites market are:
• 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
Regional Dominance: Which Area Leads the Global Aerospace Composites Market?
North America was the largest region in the aerospace composites market in 2024
