Aerospace Composites Market
By Fiber Type;
Glass Fiber, Carbon Fiber, Ceramic Fiber and OthersBy Matrix;
Polymer Matrix -[Thermoset Polymer Matrix (Epoxy, Phenolic, Polyamide and Others), Thermoplastic Polymer Matrix -[Polyether Ether Ketone (PEEK), Polysulfone (PSU), Polyetherimide (PEI) and Others)], Ceramic Matrix and Metal MatrixBy Aircraft Type;
Commercial- [Narrow-Body and Wide-Body], Business Jet, Turboprop, Military & Defense Aircraft and OthersBy Application;
Exterior -[Fuselage, Engine, Wings, Rotor Blades and Tail Boom] and Interior- [Seats, Cabin, Sandwich Panels and Environmental Control System (ECS) Ducting]By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Aerospace Composites Market Overview
Aerospace Composites Market (USD Million)
Aerospace Composites Market was valued at USD 201,133.29 million in the year 2024. The size of this market is expected to increase to USD 382,083.10 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.6%.
Aerospace Composites Market
*Market size in USD million
CAGR 9.6 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 9.6 % |
Market Size (2024) | USD 201,133.29 Million |
Market Size (2031) | USD 382,083.10 Million |
Market Concentration | Medium |
Report Pages | 383 |
Major Players
- Solvay Group
- Hexcel Corp
- Royal Tencate N.V
- Teijin Limited
- Toray Industries, Inc
- SGL GroupThe Carbon Company
- Owens Corning
- Materion Corporation
- Mitsubishi Rayon Co. Ltd
- Renegade Materials Corporation
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Aerospace Composites Market
Fragmented - Highly competitive market without dominant players
The Aerospace Composites Market continues to experience robust growth due to the increasing demand for lightweight and high-strength materials that enhance fuel efficiency and reduce operational expenses. These composites now constitute over 45% of commercial aircraft structures, demonstrating their expanding role in improving aircraft performance.
Superior Performance in Harsh Conditions
Aerospace composites offer exceptional mechanical durability, thermal stability, and resistance to corrosion, which significantly extend the lifespan of aircraft components. More than 50% of new aircraft designs now incorporate composite materials, ensuring reliability in challenging flight environments.
Advancements in Composite Manufacturing
Progress in automated manufacturing technologies, such as resin transfer molding and automated fiber placement, is boosting production capabilities. These methods are now used in around 35% of composite part fabrication, supporting scalability and reducing material waste.
Sustainability Driving Market Innovation
The move toward eco-friendly aviation solutions has spurred interest in recyclable and bio-based composite materials. More than 30% of current innovations are focused on sustainable composite development, reflecting an industry-wide push for environmental responsibility and lifecycle efficiency.
Aerospace Composites Market Recent Developments
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In June 2024, Boeing agreed to reacquire Spirit AeroSystems in a 4.7 billion stock deal—reinforcing its control over composite fuselage and wing production for the 737 and 787 jetliners.
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In May 2025, WHI Global opened an 12 million, 80,000 sq ft facility in Enfield, Connecticut, to produce advanced aerospace composite components—including layup, bonding, and compression molding—for Sikorsky’s UH‑60 Black Hawk helicopters.
Aerospace Composites Market Segment Analysis
In this report, the Aerospace Composites Market has been segmented by Fiber Type, Aircraft, Matrix, Application and Geography.
Aerospace Composites Market, Segmentation by Fiber Type
The Aerospace Composites Market has been segmented by Fiber Type into Carbon, Glass, Aramid, and Others.
Carbon
Carbon fiber composites dominate the aerospace composites market, accounting for approximately 60% of total demand. These materials offer high strength-to-weight ratio, stiffness, and fatigue resistance, making them ideal for primary structures, wing components, and fuselages.
Glass
Glass fiber composites represent around 20% of market share. Known for their cost-effectiveness, corrosion resistance, and good mechanical properties, they are commonly used in interior panels, cargo liners, and secondary structures.
Aramid
Aramid fiber composites contribute approximately 10% of the market. Their impact resistance, thermal stability, and lightweight properties make them essential for ballistic protection, fuel systems, and radomes.
Others
The others category, including basalt and hybrid fibers, holds the remaining 10% of market share. These materials are used in niche aerospace applications requiring specialized performance and unique material properties.
Aerospace Composites Market, Segmentation by Aircraft
The Aerospace Composites Market has been segmented by Aircraft into Commercial Aircraft, Military Fixed Wings, Business Aircraft, General Aviation, Jet Engines, Helicopter and Others.
Commercial Aircraft
Commercial aircraft dominate the aerospace composites market, accounting for approximately 50% of total demand. Composites are extensively used in fuselages, wings, and interiors to enhance fuel efficiency and reduce weight in passenger and cargo planes.
Military Fixed Wings
Military fixed wings represent around 20% of market share. Advanced composites offer durability, stealth capabilities, and high strength for fighter jets, surveillance aircraft, and transport planes.
Business Aircraft
Business aircraft contribute approximately 10% of the market. Composites provide lightweight structures, enhanced aerodynamics, and superior aesthetics for corporate jets and executive planes.
General Aviation
General aviation accounts for about 5% of market share. Composite materials are used in light aircraft and small planes for improved fuel efficiency and operational performance.
Jet Engines
Jet engines represent around 5% of market share. High-performance composites are utilized in fan blades, casings, and structural components for weight reduction and thermal resistance.
Helicopter
Helicopter applications contribute approximately 5% of the market. Composites provide lightweight airframes, rotor blades, and vibration-resistant components for civil and military rotorcraft.
Others
The others category, including spacecraft and special mission aircraft, holds the remaining 5% of market share. Composites are used in high-performance structures requiring unique properties such as thermal insulation and radiation shielding.
Aerospace Composites Market, Segmentation by Matrix
The Aerospace Composites Market has been segmented by Matrix into Polymer Matrix, Ceramic Matrix and Metal Matrix.
Polymer Matrix
Polymer matrix composites dominate the aerospace composites market, accounting for approximately 80% of total demand. These composites, featuring high strength-to-weight ratios and versatile processing capabilities, are widely used in airframes, interiors, and engine components.
Ceramic Matrix
Ceramic matrix composites represent around 10% of market share. Known for their high-temperature stability and thermal shock resistance, these materials are used in jet engines, turbine blades, and spacecraft heat shields.
Metal Matrix
Metal matrix composites contribute approximately 10% of the market. These composites offer high stiffness, wear resistance, and thermal conductivity, making them suitable for structural components in aerospace and defense applications.
Aerospace Composites Market, Segmentation by Application
The Aerospace Composites Market has been segmented by Application into Interiors and Exteriors.
Interiors
Interior applications account for approximately 35% of the aerospace composites market. Composites are used in cabin panels, flooring, seating, and cargo liners, offering lightweight solutions, design flexibility, and fire resistance.
Exteriors
Exterior applications dominate the market with around 65% share. Aerospace composites provide high strength, weather resistance, and fuel efficiency benefits for fuselages, wings, empennages, and landing gear doors.
Aerospace Composites Market, Segmentation by Geography
In this report, the Aerospace Composites Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Aerospace Composites Market Share (%), by Geographical Region
North America
North America leads the aerospace composites market, accounting for approximately 40% of total revenue. The region benefits from a strong presence of aerospace manufacturers, advanced composite technologies, and robust demand in commercial aviation and defense sectors.
Europe
Europe represents around 25% of market share. The region emphasizes lightweight materials, sustainability, and fuel-efficient aircraft, driving demand for composites in commercial and military aviation.
Asia Pacific
Asia Pacific contributes nearly 30% of total revenue. Rapid air travel growth, expanding aerospace manufacturing capabilities, and rising defense budgets in countries such as China, India, and Japan fuel market expansion.
Middle East and Africa
Middle East and Africa account for about 3% of the market. Growth is driven by airline expansions and aerospace infrastructure investments to support increasing aircraft demand.
Latin America
Latin America holds the remaining 2% of market share. The region is experiencing gradual adoption of aerospace composites in regional aviation and aircraft maintenance.
Aerospace Composites Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Aerospace Composites Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Fuel Efficiency and Emission Reduction
- Advancements in Manufacturing Technologies
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Rising Demand for Lightweight and High-Performance Aircraft - The increasing focus on producing lightweight and high-performance aircraft is a major driver for the aerospace composites market. As airlines and aircraft manufacturers strive to improve fuel efficiency, reduce operational costs, and meet environmental regulations, there is a growing shift from traditional metal components to advanced composite materials such as carbon fiber-reinforced polymers. These materials offer superior strength-to-weight ratios, corrosion resistance, and design flexibility, making them essential in modern aerospace engineering.
Composite materials contribute to overall aircraft performance by enabling weight reduction without compromising structural integrity or safety. Their use in critical components like fuselage sections, wings, and interiors has expanded significantly, especially in next-generation commercial jets and military aircraft. As demand grows for aircraft that deliver enhanced performance, longer range, and lower emissions, aerospace composites are becoming a vital solution for manufacturers seeking to meet evolving industry expectations.
Restraints:
- Material Limitations and Performance Concerns
- Supply Chain Risks and Dependency
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Perception and Acceptance Challenges - Perception and acceptance challenges remain a key restraint in the aerospace composites market, particularly among stakeholders accustomed to traditional metallic materials. Despite their proven performance benefits, some industry players express concerns about the long-term durability, repairability, and inspection complexity of composite components. These uncertainties can slow down adoption, especially in safety-critical applications where confidence in material behavior under stress is paramount.
In addition, the lack of standardized design codes and limited historical data compared to metals adds to the hesitance among engineers and regulators. This perception barrier is particularly pronounced in regions with conservative regulatory frameworks or limited exposure to advanced composite technologies. Overcoming these challenges will require targeted education, expanded field testing, and continued collaboration between manufacturers, certification bodies, and aerospace OEMs to build trust and drive wider acceptance.
Opportunities:
- Investments in Sustainable and Recyclable Composite Technologies
- Expansion of Composite Usage in Interior Applications
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Partnerships and Collaborations Across the Value Chain - Expanding partnerships and collaborations across the aerospace value chain are unlocking new opportunities in the aerospace composites market. By working closely with material suppliers, component manufacturers, and aircraft OEMs, companies can accelerate product innovation, streamline testing processes, and ensure compliance with evolving regulatory and performance standards. These collaborations help reduce development time while enabling the delivery of tailored composite solutions for modern aircraft platforms.
Such strategic alliances also improve scalability and cost-efficiency in composite production by sharing infrastructure, optimizing logistics, and expanding regional capabilities. As the demand for lightweight and fuel-efficient aircraft continues to rise, collaborative efforts across the value chain are proving essential to meet high-volume needs and technical complexity. These partnerships strengthen supply resilience and position manufacturers to compete effectively in a rapidly advancing aerospace sector.
Aerospace Composites Market Competitive Landscape Analysis
Aerospace Composites Market is witnessing strong competitive activity as major players focus on enhancing material efficiency and performance in aviation and space applications. Companies are emphasizing strategies that prioritize lightweight structures, advanced durability, and environmental compliance, with more than 40% of market participants intensifying their collaboration and partnerships to drive sustained growth in the sector.
Market Structure and Concentration
The market exhibits a moderately consolidated structure, with nearly 55% of the share held by leading firms that have established strong technological expertise. The high concentration highlights the importance of merger initiatives, where large players expand portfolios by integrating specialized suppliers. This positioning ensures enhanced innovation capabilities and secures long-term expansion advantages for industry leaders.
Brand and Channel Strategies
Brand differentiation remains a critical factor as nearly 60% of companies invest in marketing and supply chain strategies to strengthen their aerospace presence. A rising emphasis on direct partnerships with aircraft manufacturers supports streamlined collaboration. Enhanced digital channels and sustainability branding are shaping how businesses capture client trust and ensure consistent growth across their portfolios.
Innovation Drivers and Technological Advancements
Over 65% of industry players are prioritizing technological advancements such as thermoplastic composites and automated fabrication processes. This shift accelerates innovation cycles while reducing production costs and timeframes. With partnerships between material scientists and aerospace engineers, the market is increasingly focused on scalable designs that enhance expansion and fuel efficient growth strategies.
Regional Momentum and Expansion
Regional markets are gaining traction as more than 45% of aerospace programs leverage localized manufacturing capabilities. Partnerships between regional firms and global players have strengthened collaboration, allowing rapid adoption of advanced composites. These strategies drive expansion of aerospace hubs, ensuring that growth momentum is aligned with rising aircraft demand and sustainability-focused innovation.
Future Outlook
The future outlook indicates a competitive environment shaped by continuous innovation and consolidation strategies. More than 50% of companies are expected to pursue partnerships and merger opportunities to strengthen their global supply chains. With expansion into emerging aerospace programs, the sector is positioned for resilient growth driven by technological breakthroughs and diversified applications.
Key players in Aerospace Composites Market include:
- Solvay Group
- Hexcel Corp
- Royal Tencate N.V
- Teijin Limited
- Toray Industries, Inc
- SGL GroupThe Carbon Company
- Owens Corning
- Materion Corporation
- Mitsubishi Rayon Co. Ltd
- Renegade Materials Corporation
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive SummaryAerospace Composites Market Dynamics
- Market Snapshot, By Fiber Type
- Market Snapshot, By Matrix
- Market Snapshot, By Aircraft Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Drivers, Restraints and Opportunities
- Drivers
- Fuel Efficiency and Emission Reduction
- Advancements in Manufacturing Technologies
- Rising Demand for Lightweight and High-Performance Aircraft
- Restraints
- Material Limitations and Performance Concerns
- Supply Chain Risks and Dependency
- Perception and Acceptance Challenges
- Opportunities
- Investments in Sustainable and Recyclable Composite Technologies
- Expansion of Composite Usage in Interior Applications
- Partnerships and Collaborations Across the Value Chain
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers
- Market Segmentation
- Aerospace Composites Market, By Fiber Type, 2021 - 2031 (USD Million)
- Glass Fiber
- Carbon Fiber
- Ceramic Fiber
- Others
- Aerospace Composites Market, By Matrix, 2021 - 2031 (USD Million)
- Polymer Matrix
- Thermoset Polymer Matrix
- Epoxy
- Phenolic
- Polyamide
- Others
- Thermoplastic Polymer Matrix
- Polyether Ether Ketone (PEEK)
- Polysulfone (PSU)
- Polyetherimide (PEI)
- Others
- Thermoset Polymer Matrix
- Ceramic Matrix
- Metal Matrix
- Polymer Matrix
- Aerospace Composites Market, By Aircraft Type, 2021 - 2031 (USD Million)
- Commercial
- Narrow-Body
- Wide-Body
- Business Jet
- Turboprop
- Military & Defense Aircraft
- Others
- Commercial
- Aerospace Composites Market, By Application, 2021 - 2031 (USD Million)
- Exterior
- Fuselage
- Engine
- Wings
- Rotor Blades & Tail Boom
- Interior
- Seats
- Cabin
- Sandwich Panels
- Environmental Control System (ECS) Ducting
- Exterior
- Aerospace Composites Market, By Geography, 2021 - 2031(USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Aerospace Composites Market, By Fiber Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Solvay Group
- Hexcel Corp
- Royal Tencate N.V
- Teijin Limited
- Toray Industries, Inc
- SGL GroupThe Carbon Company
- Owens Corning
- Materion Corporation
- Mitsubishi Rayon Co. Ltd
- Renegade Materials Corporation
- Company Profiles
- Analyst Views
- Future Outlook of the Market