Rising Demand For Lightweight Composite Materials Is Fueling Growth In The Aerospace Composites Market: Key Factor Driving The Growth In The Aerospace Composites Market

The Aerospace Composites Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Aerospace Composites Market Size During the Forecast Period?
The market size of aerospace composites has witnessed a significant expansion in the past few years. The market value is projected to ascend from $35.59 billion in 2024 to $41.45 billion in 2025, registering a compound annual growth rate (CAGR) of 16.5%. Factors such as regulatory modifications, concerns about the environment, globalization, along with an increase in the count of commercial and defense aircraft, and the aging aircraft fleet were key contributors to this growth during the historic period.

In the coming years, the aerospace composites market is predicted to witness a notable expansion. The market is forecasted to reach $70.55 billion by 2029, with a compound annual growth rate (CAGR) of 14.2%. Factors contributing to this growth during the projection period include economic development, aircraft fleet upgrades, recycling and sustainability programs, consolidation within the aerospace industry, and an increasing demand for production of passenger and cargo aircraft. The forecast period will also see key trends such as the adoption of digital twin and simulation technologies, additive manufacturing, engineered fibre patterns, as well as advanced, sustainable and ecological composites.

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What Are the High-Growth Segments in the Aerospace Composites Market?
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

Subsegments:
1) By Carbon Fiber Composites: Continuous Carbon Fiber Composites, Short Carbon Fiber Composites, Carbon Fiber Reinforced Polymers (CFRP)
2) By Ceramic Fiber Composites: Oxide Ceramic Composites, Non-Oxide Ceramic Composites, Ceramic Matrix Composites (CMC)
3) By Glass Fiber Composites: E-glass Fiber Composites, S-glass Fiber Composites, Glass Fiber Reinforced Plastics (GFRP)
4) By Others: Aramid Fiber Composites, Natural Fiber Composites, Hybrid Fiber Composites, Specialty Fiber Composites

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What Key Drivers Are Expected to Influence Future Aerospace Composites Market Growth?
The rise in demand for robust, yet lightweight composite materials is projected to propel the aerospace composites market. By leveraging these lightweight materials, enhanced energy efficiency and diminished fuel consumption can be achieved, thereby decreasing the aircraft's mass as it necessitates smaller amounts of lift force and thrust during its flight path. A lightweight design results in a minimized carbon footprint, enhanced structural durability and rigidity, improved flight performance indicators like superior acceleration, and increased safety measures. For instance, recent data from Composites United e.V. Germany, a non-profit organization, suggests that in May 2023 the global composite sector's volume reached 12.7 million metric tons in 2022, marking an increase from the previous year, 2021. Consequently, this amplified utilization of lightweight materials exerts a positive influence on the expansion of the aerospace composites market.

Which Companies Hold the Largest Share Across Different Aerospace Composites Market Segments?
Major companies operating in the aerospace composites market include 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

What Trends Are Driving Growth in The Aerospace Composites Market?
Firms operating in the aerospace composites sector are concentrating on technological progress to fast-track and perfect composite material and process technologies for MRO structural film adhesive, catering to numerous critical industry requirements. MRO structural film adhesive, a powerful and resilient adhesive used for parts bonding during maintenance and repair operations, especially in aerospace. For example, Park Aerospace Corp, a US-based Corporation firm, unveiled Aeroadhere FAE-350-1, a superior structural film adhesive specifically designed for aerospace uses, especially maintenance, repair, and overhaul (MRO) contexts, in July 2023. This adhesive, based on epoxy, is engineered to harden at 350°F and offers exceptional bonding abilities for composite, metal, and honeycomb materials. Aeroadhere FAE-350-1, with properties like high-temperature endurance, application versatility in bonding, and an extended shelf life, aims to satisfy the challenging needs of the aerospace sector. This revolutionary adhesive is produced at Park's recently enlarged AS9100 and Nadcap-certified facility, set to improve the resistance and competence of aerospace structures.

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What Are the Emerging Geographies for The Aerospace Composites Market Growth?
North America was the largest region in the aerospace composites market in 2024. Asia-Pacific is expected to be the fastest-growing region in the aerospace composites market share during the forecast period. The regions covered in the aerospace composites market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aerospace Composites Market?
2. What is the CAGR expected in the Aerospace Composites Market?
3. What Are the Key Innovations Transforming the Aerospace Composites Industry?
4. Which Region Is Leading the Aerospace Composites Market?

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