Press release
Comprehensive Aeroengine Composites Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Aeroengine Composites
Aeroengine Composites Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the aeroengine composites market has witnessed a significant expansion. The market value is set to rise from $2.55 billion in 2024 to $2.98 billion in 2025, indicating a substantial compound annual growth rate (CAGR) of 16.8%. This historical progression is the result of several factors, including the need for weight reduction, heightened demands for fuel efficiency, emission regulatory norms, and a heightened focus on enhancing engine performance.
Aeroengine Composites Market Size Forecast: What's the Projected Valuation by 2029?
In the coming few years, a considerable surge is expected in the size of the aeroengine composites market. It is projected to reach the value of $4.85 billion in 2029, increasing at a compound annual growth rate (CAGR) of 12.9%. The growth during the projected period can be ascribed to the escalating demand for lightweight aircraft, ongoing advancement in sophisticated composite materials, severe emission regulations, rising incorporation of carbon fiber composites, and heightened attention towards sustainable aviation. The major trends forecasted for this period incorporate the integration of 3D printing in composite manufacturing, enhancements in nano-composites designed for aeroengines, the application of hybrid composite structures, the invention of self-mending composites, and the focus on recycling and circular economy within composite production.
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What Are the Drivers Transforming the Aeroengine Composites Market?
The consistent need for engines with low fuel consumption is projected to boost the aero-engine composites market's expansion. Aircraft engines that consume lower fuel amounts not only cut down on carbon dioxide emissions but also lower the operational expenses for airlines. The global rise in oil demand and decreasing reserves contribute to oil price increases, which in turn necessitates fuel-efficient engines. Airlines can save a significant amount of money by improving fuel efficiency and using less fuel. Utilizing aero-engine composites will decrease the aircraft's overall weight and enhance its fuel efficiency. For example, in April 2022, according to the US Department of Transportation in charge of planning and coordinating federal transport projects, the revised Corporate Average Fuel Economy (CAFE) standards require a fleet average of about 49 mpg for passenger cars and light trucks by 2026, striving for an 8% annual fuel efficiency rise for 2024-2025 models and 10% for 2026, leading to a nearly 10 mpg gain from the 2021 average. As a result, the need for low-fuel engines is accelerating the growth of the aero-engine composites market.
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What Long-Term Trends Will Define the Future of the Aeroengine Composites Market?
The emergence of cutting-edge technologies is a rising trend in the aeroengine composites sector. Manufacturers are steadily focusing on deploying innovative technologies for the production of aero-engine composites which enhance fuel efficiency and cut down on CO2 emissions. For example, in September 2024, Toray Industries, Inc., a Japan-based advanced materials provider, unveiled the Toray Cetex TC1130 PESU. This product boasts numerous benefits including being lightweight, fully recyclable, and perfect for use in aircraft interiors. Additionally, it delivers superior fire, smoke, and toxicity performance, along with exceptional impact resistance and toughness, which are critical for achieving the stringent safety requirements of the aerospace sector.
Which Segments in the Aeroengine Composites Market Offer the Most Profit Potential?
The aeroengine composites market covered in this report is segmented -
1) By Type: Polymer Matrix Composites, Ceramic Matrix Composites, Metal Matrix Composites
2) By Component: Fan Blades, Fan Case, Guide Vanes, Shrouds, Other Components
3) By Application: Commercial Aircraft, Military Aircraft, General Aviation Aircraft
Subsegments:
1) By Polymer Matrix Composites (PMCs): Epoxy-Based Composites, Phenolic-Based Composites, Thermoplastic Composites
2) By Ceramic Matrix Composites (CMCs): Carbon Fiber Reinforced CMCs, Silicon Carbide Reinforced CMCs
3) By Metal Matrix Composites (MMCs): Aluminum Matrix Composites, Titanium Matrix Composites, Magnesium Matrix Composites
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Which Firms Dominate the Aeroengine Composites Market by Market Share and Revenue in 2025?
Major companies operating in the aeroengine composites market include Solvay SA, Meggitt plc, Hexcel Corporation, Albany Engineered Composites Inc., Fischer Advanced Composite Components AG, General Electric Aircraft Engines, Rolls Royce plc, Safran SA, General Dynamics Corporation, GKN Ltd., Triumph Group Inc., Safran Aerospace Composites, Albany International Corp, Mitsubishi Heavy Industries Ltd., Dassault Aviation SA, Arconic Corporation, Aviation Industry Corporation of China Ltd., Aerojet Rocketdyne Holdings Inc., Moog Inc., Diehl Aerospace GmbH, Hexion Inc., Strongwell Corp, Huayuan Advanced Materials Co. Ltd., Toray Industries Inc., Teijin Ltd., Owens-Corning, SGL Carbon SE, Huntsman Corporation, Cytec Industries Inc., DuPont de Nemours Inc.
Which Regions Offer the Highest Growth Potential in the Aeroengine Composites Market?
North America was the largest region in the aeroengine composites market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the aeroengine composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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