Aerospace Composites Market by Fiber Type, Resin Type, Aircraft Type, Manufacturing Process, Application

List of Tables

[189 Pages Report] The Aerospace Composites Market size was estimated at USD 41.03 billion in 2023 and expected to reach USD 44.70 billion in 2024, at a CAGR 9.04% to reach USD 75.21 billion by 2030.

Aerospace composites are advanced materials that are utilized in aircraft and spacecraft components manufacturing. They consist of a combination of fibers and matrices to give strength, resilience, and lightweight properties essential for the unique demands of aerospace applications. Drivers fueling the aerospace composites market include the increasing demand for fuel-efficient and high-performance aircrafts, advancements in composite technology, and a growing preference for carbon fiber reinforced materials due to their superior strength-to-weight ratio. Moreover, the adoption of aerospace composites is encouraged by environmental regulations targeting emission reductions, pushing for lighter and more efficient designs. Nonetheless, there are restraints in this market as well, such as the high costs associated with manufacturing and raw materials, and the complexities involved in the repair, maintenance, and recycling of composite components. Challenges lie chiefly in the requirement for precise engineering and manufacturing processes, ensuring reliability and safety standards are met, and the development of cost-effective production methods. Opportunities in the aerospace composites market are plentiful, particularly in the realm of research and development for new composites that can further improve performance while reducing weight and cost. The growing commercial aviation market and the increased production of new generation aircraft provide further potential for market expansion. Moreover, partnerships between manufacturers and government investment in aerospace infrastructures offer a positive outlook for the increased use of aerospace composites in both civilian and defense aircraft manufacturing.

KEY MARKET STATISTICS
Base Year [2023]	USD 41.03 billion
Estimated Year [2024]	USD 44.70 billion
Forecast Year [2030]	USD 75.21 billion
CAGR (%)	9.04%

Fiber Type: Carbon fiber composites are selected ideally for critical aerospace structures

Carbon fiber composites are known for their exceptional strength-to-weight ratio, making them indispensable in aerospace applications where weight reduction without compromising strength is critical. These composites are preferred for primary structures of commercial and military aircraft, including fuselages and wings, due to their low weight, high tensile strength, and resistance to high temperatures. Ceramic fiber composites are primarily utilized for their exceptional heat-resistant qualities. In aerospace, these composites are vital for components that operate under extremely high temperatures, such as engine parts, insulations, and shields for re-entry vehicles. Their thermal stability, low weight, and resistance to thermal shock make them indispensable for these applications. Glass fiber composites are extensively used in aerospace for secondary structures, such as interior cabin panels, seating components, and storage bins. Their popularity stems from their cost-effectiveness compared to carbon and ceramic fibers, as well as their sufficient strength, flexibility, and corrosion resistance. These composites are ideal for applications where weight is less critical but durability and resistance to wear matter. Carbon fiber composites are preferred for their unparalleled strength and lightweight properties, making them ideal for critical aerospace structures. Ceramic fiber composites are chosen for their ability to withstand extreme temperatures, essential for engine and thermal protection systems. Glass fiber composites, while not as strong or heat resistant as carbon or ceramic fibers, offer a more cost-effective solution for non-load-bearing applications without sacrificing performance.

Application: Advancement in aerospace composites modernize the aviation industry

The exterior application of aerospace composites is driven by the need for materials that can withstand extreme weather conditions, resist corrosion, and reduce the overall weight of the aircraft. The exterior category includes the fuselage, wings, tail, and other external parts that are critical to the aircraft's performance and fuel efficiency. Interior applications for aerospace composites prioritize passenger safety, comfort, and aesthetics. This segment includes seating, overhead compartments, cabin linings, and partitions. The need-based preferences shift towards materials that are flame-retardant, lightweight, and offer customization in terms of design and color. While both exterior and interior applications of aerospace composites share the goal of reducing weight and enhancing performance or comfort, their need-based preferences and functional requirements differ markedly. Exterior composites must prioritize structural integrity and resistance to extreme conditions, while interior composites focus more on passenger safety, comfort, and aesthetic appeal. As the industry evolves, manufacturers and suppliers continue to innovate, ensuring that the application of composites in both segments meets the growing demands of modern aviation.

Regional Insights

The Asia Pacific aerospace composites market is experiencing robust growth, fueled by escalating demand from the commercial aviation sector and heightened defense expenditures by nations like China, India, and Japan. The demand surge is anchored in the quest for materials that embody weight efficiency, fuel economy, and improved strength, aligning with a pivot towards eco-friendly and energy-efficient aviation solutions. In the Americas, the United States spearheads the aerospace composites sector, fueled by extensive R&D investments and a market preference for materials that merge fuel efficiency with superior performance capabilities. The Europe, Middle East, and Africa (EMEA) region is witnessing a strong inclination towards innovative aerospace composite solutions, propelled by significant investment in research and technology. The EU prioritizes operational efficiency and carbon emission reductions, in line with rigorous environmental standards, influencing consumer preferences significantly. The Middle East's burgeoning aerospace composites market, notably within the United Arab Emirates, is characterized by a penchant for luxury and high-performance materials, with a concurrent focus on sustainability. Africa's nascent but promising aerospace composites sector, particularly in North African countries, signals potential market expansion, driven by increasing investments in training and composite manufacturing facilities, highlighting a rising interest in this transformative technology.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Aerospace Composites Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aerospace Composites Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Aerospace Composites Market, highlighting leading vendors and their innovative profiles. These include Albany International Corporation, Bally Ribbon Mills, BASF SE, FACC AG, General Electric Company, Hexcel Corporation, Hexion Inc., Huntsman International LLC, Lee Aerospace, Inc., Mitsubishi Chemical Holdings Corporation, Plastic Reinforcement Fabrics Ltd., Rolls-Royce PLC, SGL Carbon SE, Solvay S.A., Spirit AeroSystems, Inc., TEIJIN LIMITED, and Toray TCAC Holding B.V..

Market Segmentation & Coverage

This research report categorizes the Aerospace Composites Market to forecast the revenues and analyze trends in each of the following sub-markets:

Fiber Type
- Carbon Fiber Composites
- Ceramic Fiber Composites
- Glass Fiber Composites

Resin Type
- Benzoxazine
- Bismalimide
- Ceramic and Metal Matrix
- Cyanate Ester
- Epoxy
- Phenolic
- Polyester
- Polyimide
- Thermoplastic

Aircraft Type
- Business and General Aviation
  - Business Jet
  - Piston & Turboprop

Civil Helicopter
Commercial Aircraft
- Regional Jets
- Single Aisle Aircraft
- Widebody Aircraft

Military Aircraft
Spacecraft
Unmanned Aerial Vehicles

Manufacturing Process
- AFP/ATL
- Filament Winding Process
- Layup Process
- Resin Transfer Molding Process

Application
- Exterior
  - Engine
  - Fuselage
  - Rotor Blades
  - Tail Boom
  - Wings

Interior
- Cabin
- Environmental Control System Ducting
- Sandwich Panel
- Seats

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Aerospace Composites Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Aerospace Composites Market?

3. What are the technology trends and regulatory frameworks in the Aerospace Composites Market?

4. What is the market share of the leading vendors in the Aerospace Composites Market?

5. Which modes and strategic moves are suitable for entering the Aerospace Composites Market?

Product Code: MRR-436BB626E9E5

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing use of aerospace composites in commercial aircraft
  - 5.1.1.2. Replacement of old aircrafts accelerating the production
  - 5.1.1.3. Need to develop fuel efficient aircraft and reduced manufacturing cost
- 5.1.2. Restraints
  - 5.1.2.1. Issues related to recyclability and supply chain
  - 5.1.2.2. Loosely defined standards in manufacturing process
- 5.1.3. Opportunities
  - 5.1.3.1. Increased investment for aircraft production
  - 5.1.3.2. Reduced prices of Carbon fibers
- 5.1.4. Challenges
  - 5.1.4.1. Development of low-cost technology
5.2. Market Segmentation Analysis
- 5.2.1. Fiber Type: Carbon fiber composites are selected ideally for critical aerospace structures
- 5.2.2. Application: Advancement in aerospace composites modernize the aviation industry
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Aerospace Composites Market, by Fiber Type

6.1. Introduction
6.2. Carbon Fiber Composites
6.3. Ceramic Fiber Composites
6.4. Glass Fiber Composites

7. Aerospace Composites Market, by Resin Type

7.1. Introduction
7.2. Benzoxazine
7.3. Bismalimide
7.4. Ceramic and Metal Matrix
7.5. Cyanate Ester
7.6. Epoxy
7.7. Phenolic
7.8. Polyester
7.9. Polyimide
7.10. Thermoplastic

8. Aerospace Composites Market, by Aircraft Type

8.1. Introduction
8.2. Business and General Aviation
8.3. Civil Helicopter
8.4. Commercial Aircraft
8.5. Military Aircraft
8.6. Spacecraft
8.7. Unmanned Aerial Vehicles

9. Aerospace Composites Market, by Manufacturing Process

9.1. Introduction
9.2. AFP/ATL
9.3. Filament Winding Process
9.4. Layup Process
9.5. Resin Transfer Molding Process

10. Aerospace Composites Market, by Application

10.1. Introduction
10.2. Exterior
10.3. Interior

11. Americas Aerospace Composites Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Aerospace Composites Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Aerospace Composites Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Toray Advanced Composites Announces Expansion of Morgan Hill Campus, Increasing Production Capacity by Fifty Percent
- 14.3.2. Aerospace Composites Solutions Relocating to New USD 16.8 Million Facility, Creating 72 Full-Time Jobs in Butler County
- 14.3.3. AnalySwift Receives Nearly USD 800,000 NASA Contract To Improve Simulation of Next-Generation Composites
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio