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Aerospace Thermoplastic Composites Market to Reach US$ 1,517.7 Mn by 2031, Growing at a CAGR of 16.8% (2024-2031) | Persistence Market Research

05-02-2025 08:38 AM CET | Chemicals & Materials

Press release from: Persistence Market Research

Aerospace Thermoplastic Composites Market

Aerospace Thermoplastic Composites Market

The global aerospace thermoplastic composites market is set for remarkable growth, expected to expand from US$512.2 million in 2024 to US$1,517.7 million by 2031, according to Persistence Market Research. This surge reflects a robust compound annual growth rate (CAGR) of 16.8%, driven by increased demand for lightweight, high-strength materials in aircraft manufacturing and MRO (maintenance, repair, and overhaul) services. These thermoplastic composites offer significant advantages such as recyclability, high fatigue resistance, and rapid processing times, making them increasingly vital in modern aerospace engineering.

Key growth drivers include the aerospace industry's growing focus on fuel efficiency, the rising adoption of advanced manufacturing technologies, and stringent regulatory requirements for emissions and sustainability. The commercial aircraft segment is expected to lead the market, accounting for the highest share due to increasing fleet modernization and air travel demand. Geographically, North America remains the dominant region owing to its advanced aerospace infrastructure, presence of major OEMs (Original Equipment Manufacturers), and strong investment in innovation and R&D activities.

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✅ Key Highlights from the Report

➤ The aerospace thermoplastic composites market will grow at a 16.8% CAGR between 2024 and 2031.
➤ North America remains the largest market, led by the U.S. aerospace industry.
➤ Commercial aircraft will be the leading segment due to fleet modernization.
➤ Thermoplastic composites offer recyclability, reducing overall lifecycle cost.
➤ High demand for lightweight components is fueling material innovation.
➤ Strategic collaborations are emerging to advance composite processing technologies.

✅ Market Segmentation

The aerospace thermoplastic composites market is segmented based on product type, including carbon fiber reinforced thermoplastics (CFRTP), glass fiber reinforced thermoplastics (GFRTP), and aramid fiber composites. Among these, CFRTP dominates the segment owing to its superior strength-to-weight ratio and increasing application in primary aircraft structures such as fuselage panels, doors, and wing components. These materials are pivotal in achieving structural efficiency while reducing aircraft weight and operational costs.

By end-user, the market is categorized into commercial aircraft, military aircraft, general aviation, and space. The commercial aircraft segment continues to be the largest consumer, with manufacturers like Boeing and Airbus emphasizing fuel-efficient aircraft. Thermoplastic composites are also gaining traction in military applications due to their resistance to high impacts and harsh environments. Their quick processing time and re-formability also make them ideal for field-level repairs in defense aviation.

✅ Regional Insights

In North America, the market is fueled by the strong presence of aerospace OEMs such as Boeing, Lockheed Martin, and Northrop Grumman. Continuous investments in lightweight materials and next-gen aircraft development have kept the region at the forefront of thermoplastic composite innovation. The U.S. leads the market due to robust defense spending and commercial aviation expansion.

Europe is another key region, led by countries like Germany, France, and the UK. Airbus' increasing use of thermoplastic components and Europe's strict environmental policies are accelerating the adoption of recyclable and lightweight composites. Strategic partnerships and R&D initiatives in this region are expected to further boost market growth.

✅ Market Drivers

One of the primary drivers of this market is the growing demand for lightweight materials in aircraft manufacturing. Aerospace companies are under pressure to reduce fuel consumption and carbon emissions, and thermoplastic composites provide a solution that offers durability without added weight. These materials significantly improve fuel efficiency, which directly translates into reduced operational costs for airlines.

Additionally, the rise in commercial aviation-particularly in emerging markets-is creating higher demand for new aircraft, thereby expanding the scope of thermoplastic applications. The materials' ability to be rapidly molded and processed offers aircraft manufacturers faster production cycles, aligning well with rising aircraft order backlogs and short delivery timelines.

✅ Market Restraints

Despite their many advantages, the adoption of thermoplastic composites in aerospace faces certain constraints. High initial manufacturing costs and the complexity of processing advanced thermoplastic materials pose significant barriers. Unlike traditional metals or even thermosets, thermoplastics require specialized machinery and skilled labor, raising the overall capital investment.

Furthermore, the limited availability of supply chains specifically tailored for aerospace-grade thermoplastics can hinder growth. OEMs and Tier 1 suppliers must work closely with material providers to ensure consistent quality and certification, which can be time-consuming and costly, especially in regulated aerospace environments.

✅ Market Opportunities

The future of the aerospace thermoplastic composites market holds exciting opportunities driven by sustainability goals and technological innovation. As aircraft recycling becomes an industry priority, the inherent recyclability of thermoplastics offers a distinct advantage over thermoset composites. This opens avenues for eco-conscious material sourcing and component lifecycle management.

Moreover, advancements in automated manufacturing such as additive manufacturing (3D printing) and automated fiber placement (AFP) are set to revolutionize the production of thermoplastic parts. These innovations can drastically reduce production times and labor costs while enhancing precision, opening new growth channels for component suppliers and OEMs alike.

✅ Frequently Asked Questions (FAQs)

➤ How Big is the Aerospace Thermoplastic Composites Market?
➤ What is the Projected Growth Rate of the Aerospace Thermoplastic Composites Market?
➤ What is the Market Forecast for Aerospace Thermoplastic Composites by 2032?
➤ Who are the Key Players in the Global Aerospace Thermoplastic Composites Market?
➤ Which Region is Estimated to Dominate the Industry through the Forecast Period?

✅ Company Insights

Key players actively shaping the aerospace thermoplastic composites market include:

✦ Solvay S.A.
✦ Victrex plc
✦ Toray Advanced Composites
✦ Teijin Limited
✦ BASF SE
✦ Hexcel Corporation
✦ Koninklijke DSM N.V.
✦ SABIC (Saudi Basic Industries Corporation)
✦ Tri-Mack Plastics Manufacturing Corp.
✦ GKN Aerospace

Recent Developments:

■ In February 2024, Solvay and GKN Aerospace entered a partnership to develop recyclable thermoplastic solutions for structural aircraft parts.
■ Victrex launched a new grade of PEEK-based thermoplastic composite aimed at improving toughness in high-impact aerospace applications.

This comprehensive market overview captures the accelerating trajectory of aerospace thermoplastic composites, highlighting the transformation in material technologies and manufacturing strategies. With lightweight, sustainable, and durable solutions becoming the norm in aerospace engineering, thermoplastics are set to play a defining role in the next generation of aircraft innovation.

Contact Us:
Persistence Market Research
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Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

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