Aerospace Composites Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for aerospace composites. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global aerospace composites market from 2024 to 2031.

Key Insights:

Aerospace Composites Market Size (2024E): US$ 33.5 Bn
Projected Market Value (2031F): US$ 71 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 11.3%

Aerospace Composites Market - Report Scope:

Aerospace composites play a crucial role in modern aircraft manufacturing due to their lightweight, high-strength, and corrosion-resistant properties. These materials are extensively used in various aerospace applications, including commercial aviation, defense, and space exploration. Aerospace composites include carbon fiber composites, glass fiber composites, and aramid fiber composites, which enhance fuel efficiency, reduce emissions, and improve overall aircraft performance.

Market growth is driven by the increasing demand for fuel-efficient and lightweight aircraft, advancements in composite manufacturing technologies, and the expansion of the global aerospace industry. The market caters to a wide range of applications, including fuselage construction, wing components, engine nacelles, and interior elements, ensuring the continued adoption of composites across commercial, military, and general aviation sectors.

Market Growth Drivers:

The global aerospace composites market is propelled by several key factors, including the rising adoption of lightweight materials to improve fuel efficiency and reduce operational costs. Growing air passenger traffic and the need for new-generation aircraft drive demand for advanced composites, particularly in commercial aviation. Additionally, advancements in composite materials, such as the development of thermoplastic composites and out-of-autoclave manufacturing processes, enhance production efficiency and cost-effectiveness.

The defense sector further contributes to market growth, with increasing investments in next-generation fighter jets, drones, and other military aircraft. Furthermore, the growing emphasis on sustainable aviation and the development of electric and hybrid aircraft present significant opportunities for composite materials in reducing carbon footprints.

Market Restraints:

Despite promising growth prospects, the aerospace composites market faces challenges related to high production costs, complex manufacturing processes, and recyclability concerns. The cost-intensive nature of raw materials, coupled with the intricate fabrication techniques required for composite components, limits market penetration, particularly in emerging economies.

Additionally, stringent regulatory requirements for aerospace materials and certification processes pose significant hurdles for manufacturers. Recycling and disposal of composite materials remain critical issues, as traditional composites are not easily recyclable, leading to environmental concerns. Addressing these challenges requires continuous innovation in manufacturing processes and the development of sustainable composite solutions.

Market Opportunities:

The aerospace composites market presents significant growth opportunities driven by advancements in automation, 3D printing, and digital design tools. The integration of automated fiber placement (AFP) and robotic assembly processes reduces production time and costs, enhancing the scalability of composite manufacturing.

Furthermore, the growing demand for urban air mobility (UAM) vehicles and unmanned aerial vehicles (UAVs) broadens the application scope of aerospace composites. The development of high-performance thermoplastic composites with improved recyclability and the introduction of bio-based composites align with the industry's sustainability goals, creating new avenues for growth.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the aerospace composites market globally?
Which composite materials and applications are leading the adoption in the aerospace sector?
How are advancements in manufacturing technologies reshaping the competitive landscape?
Who are the key players in the aerospace composites market, and what strategies are they employing?
What are the emerging trends and future prospects in the global aerospace composites market?

Competitive Intelligence and Business Strategy:

Leading players in the global aerospace composites market, including Toray Industries, Hexcel Corporation, and Solvay S.A., focus on innovation, strategic partnerships, and capacity expansions to maintain market leadership. These companies invest in research and development to create advanced composites with superior properties and sustainability features.

Collaborations with aerospace OEMs, tier-one suppliers, and government agencies facilitate technology adoption and market access. Emphasis on digital transformation, predictive analytics, and supply chain optimization enhances operational efficiency and competitiveness in the rapidly evolving aerospace landscape.

Key Companies Profiled:

Toray Industries, Inc.
Hexcel Corporation
Solvay S.A.
SGL Carbon SE
Mitsubishi Chemical Corporation
Gurit Holding AG
Teijin Limited
Owens Corning

Aerospace Composites Market Segmentation

By Fiber Type

Carbon Fiber Composites
Ceramic Fiber Composites
Glass Fiber Composites

By Matrix Type

Polymer Matrix
Ceramic Matrix
Metal Matrix

By Application

Interior
Exterior

By Manufacturing Process

AFP/ATL
Lay-up
Resin Transfer Molding
Filament Winding

By Aircraft Type

Commercial Aircraft
Business & General Aviation
Civil Helicopter
Military Aircraft

By Region

North America
Europe
East Asia
South Asia & Oceania
Latin America
The Middle East & Africa

Product Code: PMRREP33610

1. Executive Summary

1.1. Global Aerospace Composites Snapshot, 2024 and 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Other Macro-economic Factors
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact
2.6. Regulatory Landscape
2.7. Value Chain Analysis
- 2.7.1. List of Raw Materials Suppliers
- 2.7.2. List of Product Manufacturers
- 2.7.3. List of Product Distributors
- 2.7.4. List of End Users
2.8. PESTLE Analysis
2.9. Porter's Five Force Analysis

3. Price Trend Analysis, 2019 - 2031

3.1. Key Highlights
3.2. Key Factors Impacting Product Prices
3.3. Pricing Analysis, By Fiber Type
3.4. Regional Prices and Historical and Future Growth Trends

4. Global Aerospace Composites Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

4.1. Key Highlights
- 4.1.1. Market Volume (Units) Projections
- 4.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 4.1.3. Absolute $ Opportunity
4.2. Market Size (US$ Bn) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Bn) Analysis, 2019 - 2023
- 4.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024 - 2031
4.3. Global Aerospace Composites Outlook: Fiber Type
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Fiber Type, 2019 - 2023
- 4.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Fiber Type, 2024 - 2031
  - 4.3.3.1. Carbon Fiber Composites
  - 4.3.3.2. Ceramic Fiber Composites
  - 4.3.3.3. Glass Fiber Composites
  - 4.3.3.4. Others
4.4. Market Attractiveness Analysis: Fiber Type
4.5. Global Aerospace Composites Outlook: Matrix Type
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Bn) Analysis, By Matrix Type, 2019 - 2023
- 4.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Matrix Type, 2024 - 2031
  - 4.5.3.1. Polymer Matrix
  - 4.5.3.2. Ceramic Matrix
  - 4.5.3.3. Metal Matrix
4.6. Market Attractiveness Analysis: Matrix Type
4.7. Global Aerospace Composites Outlook: Application
- 4.7.1. Introduction / Key Findings
- 4.7.2. Historical Market Size (US$ Bn) Analysis, By Application, 2019 - 2023
- 4.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024 - 2031
  - 4.7.3.1. Interior
  - 4.7.3.2. Exterior
4.8. Market Attractiveness Analysis: Application
4.9. Global Aerospace Composites Outlook: Manufacturing Type
- 4.9.1. Introduction / Key Findings
- 4.9.2. Historical Market Size (US$ Bn) Analysis, By Manufacturing Type, 2019 - 2023
- 4.9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Manufacturing Type, 2024 - 2031
  - 4.9.3.1. AFP/ATL
  - 4.9.3.2. Lay-up
  - 4.9.3.3. Resin Transfer Molding
  - 4.9.3.4. Filament Winding
  - 4.9.3.5. Others
4.10. Market Attractiveness Analysis: Manufacturing Type
4.11. Global Aerospace Composites Outlook: Aircraft Type
- 4.11.1. Introduction / Key Findings
- 4.11.2. Historical Market Size (US$ Bn) Analysis, By Aircraft Type, 2019 - 2023
- 4.11.3. Current Market Size (US$ Bn) Analysis and Forecast, By Aircraft Type, 2024 - 2031
  - 4.11.3.1. Commercial Aircraft
  - 4.11.3.2. Business & General Aviation
  - 4.11.3.3. Civil Helicopter
  - 4.11.3.4. Military Aircraft
  - 4.11.3.5. Others
4.12. Market Attractiveness Analysis: Aircraft Type

5. Global Aerospace Composites Outlook: Region

5.1. Key Highlights
5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019 - 2023
5.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2024 - 2031
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. East Asia
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region

6. North America Aerospace Composites Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 6.3.1. By Country
- 6.3.2. By Fiber Type
- 6.3.3. By Matrix Type
- 6.3.4. By Application
- 6.3.5. By Manufacturing Type
- 6.3.6. By Aircraft Type
6.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 6.4.1. U.S.
- 6.4.2. Canada
6.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Fiber Type, 2024 - 2031
- 6.5.1. Carbon Fiber Composites
- 6.5.2. Ceramic Fiber Composites
- 6.5.3. Glass Fiber Composites
- 6.5.4. Others
6.6. Current Market Size (US$ Bn) Analysis and Forecast, By Matrix Type, 2024 - 2031
- 6.6.1. Polymer Matrix
- 6.6.2. Ceramic Matrix
- 6.6.3. Metal Matrix
6.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application Type, 2024 - 2031
- 6.7.1. Interior
- 6.7.2. Exterior
6.8. Current Market Size (US$ Bn) Analysis and Forecast, By Manufacturing Type, 2024 - 2031
- 6.8.1. AFP/ATL
- 6.8.2. Lay-up
- 6.8.3. Resin Transfer Molding
- 6.8.4. Filament Winding
- 6.8.5. Others
6.9. Current Market Size (US$ Bn) Analysis and Forecast, By Aircraft Type, 2024 - 2031
- 6.9.1. Commercial Aircraft
- 6.9.2. Business & General Aviation
- 6.9.3. Civil Helicopter
- 6.9.4. Military Aircraft
- 6.9.5. Others
6.10. Market Attractiveness Analysis

7. Europe Aerospace Composites Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 7.3.1. By Country
- 7.3.2. By Fiber Type
- 7.3.3. By Matrix Type
- 7.3.4. By Application
- 7.3.5. By Manufacturing Type
- 7.3.6. By Aircraft Type
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Turkey
- 7.4.8. Rest of Europe
7.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Fiber Type, 2024 - 2031
- 7.5.1. Carbon Fiber Composites
- 7.5.2. Ceramic Fiber Composites
- 7.5.3. Glass Fiber Composites
- 7.5.4. Others
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Matrix Type, 2024 - 2031
- 7.6.1. Polymer Matrix
- 7.6.2. Ceramic Matrix
- 7.6.3. Metal Matrix
7.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application Type, 2024 - 2031
- 7.7.1. Interior
- 7.7.2. Exterior
7.8. Current Market Size (US$ Bn) Analysis and Forecast, By Manufacturing Type, 2024 - 2031
- 7.8.1. AFP/ATL
- 7.8.2. Lay-up
- 7.8.3. Resin Transfer Molding
- 7.8.4. Filament Winding
- 7.8.5. Others
7.9. Current Market Size (US$ Bn) Analysis and Forecast, By Aircraft Type, 2024 - 2031
- 7.9.1. Commercial Aircraft
- 7.9.2. Business & General Aviation
- 7.9.3. Civil Helicopter
- 7.9.4. Military Aircraft
- 7.9.5. Others
7.10. Market Attractiveness Analysis

8. East Asia Aerospace Composites Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 8.3.1. By Country
- 8.3.2. By Fiber Type
- 8.3.3. By Matrix Type
- 8.3.4. By Application
- 8.3.5. By Manufacturing Type
- 8.3.6. By Aircraft Type
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
8.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Fiber Type, 2024 - 2031
- 8.5.1. Carbon Fiber Composites
- 8.5.2. Ceramic Fiber Composites
- 8.5.3. Glass Fiber Composites
- 8.5.4. Others
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Matrix Type, 2024 - 2031
- 8.6.1. Polymer Matrix
- 8.6.2. Ceramic Matrix
- 8.6.3. Metal Matrix
8.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application Type, 2024 - 2031
- 8.7.1. Interior
- 8.7.2. Exterior
8.8. Current Market Size (US$ Bn) Analysis and Forecast, By Manufacturing Type, 2024 - 2031
- 8.8.1. AFP/ATL
- 8.8.2. Lay-up
- 8.8.3. Resin Transfer Molding
- 8.8.4. Filament Winding
- 8.8.5. Others
8.9. Current Market Size (US$ Bn) Analysis and Forecast, By Aircraft Type, 2024 - 2031
- 8.9.1. Commercial Aircraft
- 8.9.2. Business & General Aviation
- 8.9.3. Civil Helicopter
- 8.9.4. Military Aircraft
- 8.9.5. Others
8.10. Market Attractiveness Analysis

9. South Asia & Oceania Aerospace Composites Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 9.3.1. By Country
- 9.3.2. By Fiber Type
- 9.3.3. By Matrix Type
- 9.3.4. By Application
- 9.3.5. By Manufacturing Type
- 9.3.6. By Aircraft Type
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 9.4.1. India
- 9.4.2. Southeast Asia
- 9.4.3. ANZ
- 9.4.4. Rest of South Asia & Oceania
9.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Fiber Type, 2024 - 2031
- 9.5.1. Carbon Fiber Composites
- 9.5.2. Ceramic Fiber Composites
- 9.5.3. Glass Fiber Composites
- 9.5.4. Others
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Matrix Type, 2024 - 2031
- 9.6.1. Polymer Matrix
- 9.6.2. Ceramic Matrix
- 9.6.3. Metal Matrix
9.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application Type, 2024 - 2031
- 9.7.1. Interior
- 9.7.2. Exterior
9.8. Current Market Size (US$ Bn) Analysis and Forecast, By Manufacturing Type, 2024 - 2031
- 9.8.1. AFP/ATL
- 9.8.2. Lay-up
- 9.8.3. Resin Transfer Molding
- 9.8.4. Filament Winding
- 9.8.5. Others
9.9. Current Market Size (US$ Bn) Analysis and Forecast, By Aircraft Type, 2024 - 2031
- 9.9.1. Commercial Aircraft
- 9.9.2. Business & General Aviation
- 9.9.3. Civil Helicopter
- 9.9.4. Military Aircraft
- 9.9.5. Others
9.10. Market Attractiveness Analysis

10. Latin America Aerospace Composites Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 10.3.1. By Country
- 10.3.2. By Fiber Type
- 10.3.3. By Matrix Type
- 10.3.4. By Application
- 10.3.5. By Manufacturing Type
- 10.3.6. By Aircraft Type
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
10.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Fiber Type, 2024 - 2031
- 10.5.1. Carbon Fiber Composites
- 10.5.2. Ceramic Fiber Composites
- 10.5.3. Glass Fiber Composites
- 10.5.4. Others
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Matrix Type, 2024 - 2031
- 10.6.1. Polymer Matrix
- 10.6.2. Ceramic Matrix
- 10.6.3. Metal Matrix
10.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application Type, 2024 - 2031
- 10.7.1. Interior
- 10.7.2. Exterior
10.8. Current Market Size (US$ Bn) Analysis and Forecast, By Manufacturing Type, 2024 - 2031
- 10.8.1. AFP/ATL
- 10.8.2. Lay-up
- 10.8.3. Resin Transfer Molding
- 10.8.4. Filament Winding
- 10.8.5. Others
10.9. Current Market Size (US$ Bn) Analysis and Forecast, By Aircraft Type, 2024 - 2031
- 10.9.1. Commercial Aircraft
- 10.9.2. Business & General Aviation
- 10.9.3. Civil Helicopter
- 10.9.4. Military Aircraft
- 10.9.5. Others
10.10. Market Attractiveness Analysis

11. Middle East & Africa Aerospace Composites Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 11.3.1. By Country
- 11.3.2. By Fiber Type
- 11.3.3. By Matrix Type
- 11.3.4. By Application
- 11.3.5. By Manufacturing Type
- 11.3.6. By Aircraft Type
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 11.4.1. GCC Countries
- 11.4.2. Egypt
- 11.4.3. South Africa
- 11.4.4. Northern Africa
- 11.4.5. Rest of Middle East & Africa
11.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Fiber Type, 2024 - 2031
- 11.5.1. Carbon Fiber Composites
- 11.5.2. Ceramic Fiber Composites
- 11.5.3. Glass Fiber Composites
- 11.5.4. Others
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Matrix Type, 2024 - 2031
- 11.6.1. Polymer Matrix
- 11.6.2. Ceramic Matrix
- 11.6.3. Metal Matrix
11.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application Type, 2024 - 2031
- 11.7.1. Interior
- 11.7.2. Exterior
11.8. Current Market Size (US$ Bn) Analysis and Forecast, By Manufacturing Type, 2024 - 2031
- 11.8.1. AFP/ATL
- 11.8.2. Lay-up
- 11.8.3. Resin Transfer Molding
- 11.8.4. Filament Winding
- 11.8.5. Others
11.9. Current Market Size (US$ Bn) Analysis and Forecast, By Aircraft Type, 2024 - 2031
- 11.9.1. Commercial Aircraft
- 11.9.2. Business & General Aviation
- 11.9.3. Civil Helicopter
- 11.9.4. Military Aircraft
- 11.9.5. Others
11.10. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2023
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Fiber Type
- 12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. Owens Corning
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Products
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. Toray Industries, Inc.
- 12.3.3. Teijin Limited
- 12.3.4. Mitsubishi Chemical Holdings Corporation
- 12.3.5. Hexcel Corporation
- 12.3.6. SGL Group
- 12.3.7. Spirit AeroSystems
- 12.3.8. Solvay
- 12.3.9. Royal Ten Cate N.V.
- 12.3.10. Materion Corp.
- 12.3.11. Other Players

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations