Aerospace Composites Market is Anticipated to Expand upto $69.31 Billion in 2029

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What Is the Forecasted Market Growth Rate of the Aerospace Composites Industry?
The market size of the aerospace composites has seen a substantial expansion in the last few years. The growth is predicted to surge from $35.59 billion in 2024 to $41.21 billion in 2025, translating to a compound annual growth rate (CAGR) of 15.8%. Factors such as regulatory shifts, environmental apprehensions, globalization, an aging fleet of aircraft, and an increase in the number of commercial and defense aircraft have been major contributors to the growth experienced in the historic period.

How Will the Aerospace Composites Market Size Evolve From 2025 to 2029?
Expectations are for swift expansion in the aerospace composites market size within the ensuing years. A compound annual growth rate (CAGR) of 13.9% should see the market value at $69.31 billion by 2029. Factors prompting growth during the forecast period encompass economic growth, modernization of aircraft fleets, initiatives centered around sustainability and recycling, consolidation within the aerospace industry, and increased production needs for cargo and passenger planes. The forecast period is also set to witness certain trends including digital twin and simulation, uptake of additive manufacturing techniques, engineered fiber architectures, and the use of advanced composite materials that promote sustainability and are eco-friendly.

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What Are the Main Growth Drivers in the Aerospace Composites Market Today?
The aerospace composites market is predicted to be propelled by the surging demand for robust, lightweight composite materials. By utilizing lightweight materials, the aircraft's overall mass can be reduced, which subsequently leads to an increase in energy efficiency and a decrease in fuel consumption, given that a lighter aircraft requires less lift force and thrust during flight. The use of a lightweight design also contributes to a decrease in the carbon footprint, enhanced structural strength and rigidity, improvements in flight performance including superior acceleration, and improved safety performance. For instance, Composites United e.V. Germany, a non-profit association, reported in May 2023 that the global composites industry volume in 2022 was 12.7 million metric tons, a rise from the previous year, 2021. Thus, the growing usage of lightweight materials is positively influencing the growth of the aerospace composites market.

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Which Aerospace Composites Market Segment Is Expected to Lead Through 2029?
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

Which Market Trends Are Expected to Dominate Aerospace Composites Industry Growth?
Firms operating within the aerospace composites sector are prioritizing technological improvements to quicken the creation and refinement of composite material and process methodologies used specifically for MRO structural film adhesive, aiming to meet many pressing industry needs. The MRO structural film adhesive is a robust, long-lasting adhesive utilized when bonding components during maintenance and repair, predominantly in the aerospace industry. For instance, in July 2023, the United States-located corporation, Park Aerospace Corp, launched Aeroadhere FAE-350-1, a superior structural film adhesive crafted for the specific needs of aerospace application during maintenance, repair, and overhaul (MRO) operations. This adhesive, which is epoxy-based, is formulated to cure at 350°F and provides outstanding bonding proficiency for composite, metal, and honeycomb materials. Aeroadhere FAE-350-1, with its resistance to high temperatures, wide-ranging bonding application capability, and substantial shelf life, seeks to satisfy the stringent requirements of the aerospace industry. Produced at Park's newly enlarged AS9100 and Nadcap-verified facility, this ground-breaking adhesive is positioned to improve both reliability and effectiveness of aerospace infrastructure.

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Which Companies Hold the Largest Market Share in the Aerospace Composites Sector?
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

Where Is the Aerospace Composites Market Experiencing the Highest 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.

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