Global Aerospace Composites Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Fiber Type;
Carbon, Glass, Aramid, and OthersBy Aircraft;
Commercial Aircraft, Military Fixed Wings, Business Aircraft, General Aviation, Jet Engines, Helicopter, and OthersBy Matrix;
Polymer Matrix, Ceramic Matrix, and Metal MatrixBy Application;
Interiors, and ExteriorsBy 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%.
Global Aerospace Composites Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 9.6 %
Study Period | 2025 - 2031 |
---|---|
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
Global 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
- In January 2024, Materion Beryllium & Composites (subsidiary of Materion Corporation) partnered with Liquidmetal Technologies Inc. Materion Beryllium & Composites, in partnership with Liquidmetal and other Certified Liquidmetal Partners, will use their alloy production technologies to provide high-quality products and support services to their customers.
- In August 2023, Spirit AeroSystems, Inc. and Oak Ridge National Laboratory entered into strategic agreement. Both players collaboratively explore advances in high-temperature in-situ process monitoring techniques and predictive modeling capability for microstructure-based performance and certification of carbon and ceramic composites and additively manufactured alloys.
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.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Aerospace Composites Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity
Drivers:
- Fuel Efficiency and Emission Reduction
- Advancements in Manufacturing Technologies
-
Rising Demand for Lightweight and High-Performance Aircraft-The rising demand for lightweight and high-performance aircraft is a key driver propelling growth in the global aerospace composites market. Aircraft manufacturers are continuously striving to enhance performance metrics such as fuel efficiency, range, and payload capacity. Aerospace composites offer a significant advantage in this regard due to their exceptional strength-to-weight ratios. By utilizing composite materials in critical structural components such as fuselages, wings, and empennages, aircraft manufacturers can achieve substantial weight savings without compromising on durability or safety standards. This trend is particularly pronounced in the commercial aviation sector, where airlines seek to optimize operational costs and environmental sustainability by operating more fuel-efficient aircraft.
The increasing emphasis on reducing carbon emissions and environmental impact is further fueling the demand for lightweight aircraft constructed with aerospace composites. Regulatory bodies worldwide are implementing stringent emissions standards, driving aircraft manufacturers to explore innovative solutions for achieving greater fuel efficiency and sustainability. Aerospace composites play a pivotal role in meeting these regulatory requirements by enabling the development of eco-friendly aircraft designs that minimize fuel consumption and greenhouse gas emissions. This aligns with the broader industry trend towards sustainable aviation, where composite materials are instrumental in realizing the vision of greener and more environmentally responsible air transportation.
In addition to commercial aviation, the demand for lightweight and high-performance aircraft is also driven by military and defense applications. Modern military aircraft require agile, maneuverable platforms capable of operating in diverse mission scenarios, ranging from combat operations to reconnaissance and surveillance missions. Aerospace composites offer a compelling solution for meeting the stringent performance requirements of military aircraft while simultaneously enhancing stealth capabilities and reducing radar cross-sections. As defense budgets continue to grow worldwide and geopolitical tensions drive investments in military modernization programs, the demand for advanced aerospace composites for defense applications is expected to remain robust.
The emergence of new aviation markets, including urban air mobility (UAM) and electric aircraft, presents exciting opportunities for aerospace composites manufacturers. UAM platforms such as air taxis and electric vertical takeoff and landing (eVTOL) vehicles require lightweight, high-strength materials to support their innovative designs and enable safe, efficient operation in urban environments. Aerospace composites offer unique advantages in terms of structural performance, enabling the development of novel aircraft configurations that are well-suited for urban air transportation. As urbanization trends continue and congestion in urban areas worsens, the demand for UAM solutions is expected to grow, driving the adoption of aerospace composites in this emerging market segment.
Restraints:
- Material Limitations and Performance Concerns
- Supply Chain Risks and Dependency
-
Perception and Acceptance Challenges-Perception and acceptance challenges pose significant obstacles to the widespread adoption of aerospace composites within the global market. Despite their proven benefits in terms of weight reduction, strength-to-weight ratio, and fuel efficiency, there exists skepticism and resistance among stakeholders regarding the reliability, repairability, and recyclability of composite materials.
One of the primary concerns surrounding aerospace composites is their perceived reliability compared to traditional materials like aluminum and steel. Some stakeholders, including aircraft manufacturers, operators, and regulatory bodies, may question the long-term durability and structural integrity of composite components, especially in demanding operating conditions such as extreme temperatures, high altitudes, and pressurized environments. Overcoming this skepticism requires extensive testing, validation, and demonstration of the performance and reliability of composites through real-world applications and rigorous certification processes.
Another aspect contributing to the perception challenges is the perceived difficulty in repairing composite structures in the event of damage or wear. Unlike metals, which can often be easily repaired through welding or machining, composite materials require specialized repair techniques and materials. This perceived complexity may raise concerns among maintenance personnel and operators regarding downtime, repair costs, and the overall lifecycle maintenance of composite-intensive aircraft. Addressing these concerns involves providing comprehensive training and support for maintenance crews and developing standardized repair procedures to ensure the timely and cost-effective restoration of composite structures.
The recyclability and environmental impact of aerospace composites are subjects of scrutiny and debate within the industry. While composites offer significant weight savings and fuel efficiency benefits, there are concerns regarding their end-of-life disposal and recycling processes. Composite materials typically consist of various layers of fibers and resins, which can be challenging to separate and recycle effectively. Moreover, the disposal of composite waste may raise environmental concerns related to landfill space and emissions. To mitigate these challenges, manufacturers are exploring alternative materials, such as bio-based resins and recyclable fibers, and investing in research and development to improve composite recycling technologies and processes.
Addressing perception and acceptance challenges requires proactive efforts from aerospace manufacturers, regulators, and industry stakeholders to educate, communicate, and demonstrate the benefits and capabilities of aerospace composites. By fostering transparency, collaboration, and innovation across the value chain, the industry can overcome skepticism, build trust, and accelerate the adoption of composites as a viable and sustainable solution for the next generation of aircraft.
Opportunities:
- Investments in Sustainable and Recyclable Composite Technologies
- Expansion of Composite Usage in Interior Applications
-
Partnerships and Collaborations Across the Value Chain-Partnerships and collaborations across the value chain play a pivotal role in driving innovation, reducing costs, and accelerating the adoption of aerospace composites within the global market. At the heart of these alliances are aerospace original equipment manufacturers (OEMs), composite manufacturers, material suppliers, and research institutions, collectively working towards common goals. By pooling resources, expertise, and insights, these partnerships facilitate knowledge exchange, technology transfer, and collaborative problem-solving, ultimately enhancing the competitiveness and sustainability of the aerospace composites industry.
Strategic partnerships enable aerospace OEMs to leverage the specialized capabilities of composite manufacturers and material suppliers in developing next-generation aircraft components. Through close collaboration, OEMs gain access to advanced composite materials, manufacturing processes, and design techniques, allowing them to optimize the performance, reliability, and cost-effectiveness of their products. Additionally, partnerships foster long-term relationships between stakeholders, fostering trust, communication, and alignment of objectives, which are essential for successful innovation and product development initiatives.
Partnerships across the value chain foster innovation by integrating complementary technologies and expertise from diverse stakeholders. Research institutions and academic organizations often collaborate with industry players to conduct joint research, develop new materials, and explore novel manufacturing techniques. These collaborative research efforts drive technological advancements, pushing the boundaries of what is achievable with aerospace composites. By combining theoretical knowledge with practical industry experience, these partnerships contribute to the development of cutting-edge solutions that address the evolving needs and challenges of the aerospace sector.
Partnerships and collaborations enable stakeholders to mitigate risks and overcome challenges associated with the adoption of aerospace composites. By sharing insights, best practices, and lessons learned, participants in these alliances can proactively identify and address potential bottlenecks, such as regulatory hurdles, supply chain disruptions, or technical limitations. Moreover, the collective strength of collaborative networks provides resilience against external shocks and market fluctuations, ensuring continuity and stability in the aerospace composites value chain. Overall, partnerships and collaborations serve as catalysts for innovation, growth, and sustainability in the global aerospace composites market, fostering a dynamic ecosystem of interconnected stakeholders working towards common goals.
Competitive Landscape Analysis
Key players in Global 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
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Fiber Type
- Market Snapshot, By Aircraft
- Market Snapshot, By Matrix
- Market Snapshot, By Application
- Market Snapshot, By Region
- Aerospace Composites Market Dynamics
- 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
- Drivers
- 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, Restraints and Opportunities
- Market Segmentation
- Aerospace Composites Market, By Fiber Type, 2021- 2031(USD Million)
- Carbon
- Glass
- Aramid
- Others
- Aerospace Composites Market, By Aircraft, 2021- 2031(USD Million)
- Commercial Aircraft
- Military Fixed Wings
- Business Aircraft
- General Aviation
- Jet Engines
- Helicopter
- Others
- Aerospace Composites Market, By Matrix, 2021- 2031(USD Million)
- Polymer Matrix
- Ceramic Matrix
- Metal Matrix
- Aerospace Composites Market, By Application, 2021- 2031(USD Million)
- Interiors
- Exteriors
- 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