The global aerospace composites market is undergoing a remarkable transformation driven by advances in lightweight materials, sustainability goals, and manufacturing innovations. In 2024, the market was valued at US$ 29.2 billion, and it is poised to grow exponentially, reaching US$ 99.5 billion by 2035. Aerospace composites-primarily composed of carbon fiber, glass fiber, and aramid fiber-are increasingly adopted in both commercial and defense aviation to enhance fuel efficiency, reduce emissions, and improve aircraft performance. The shift toward electric and hybrid aircraft, combined with increased aircraft production rates, has further reinforced demand for advanced composite solutions across the aerospace value chain.
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Market Size and Growth
Between 2025 and 2035, the global aerospace composites market is anticipated to
expand at a compound annual growth rate (CAGR) of 11.8%, reflecting a robust
long-term outlook. This growth trajectory is supported by rising aircraft
deliveries, particularly in the commercial aviation sector, which seeks to
replace aging fleets with lighter and more fuel-efficient models. The
development of next-generation aircraft, such as Boeing's 777X and Airbus's
A350, which incorporate over 50% composite materials by weight, underscores the
industry's increasing reliance on composite technologies.
Market Segmentation
The aerospace composites market can be segmented by fiber type, resin type,
aircraft type, and manufacturing process.
By Fiber Type: Carbon fiber composites dominate the market due to their
superior strength-to-weight ratio and fatigue resistance. Glass fiber
composites maintain a stable share in secondary structures, while aramid fibers
are used in ballistic applications for defense aircraft.
By Resin Type: Epoxy resin remains the leading matrix material, offering
excellent mechanical properties and chemical resistance. However, thermoplastic
composites are gaining traction due to recyclability and rapid processing
capabilities.
By Aircraft Type: The commercial aviation segment leads global demand, followed
by military aircraft and business jets. The increasing use of composites in
rotorcraft and spacecraft also contributes to market diversification.
By Manufacturing Process: Automated processes such as Automated Fiber Placement
(AFP), Automated Tape Laying (ATL), and Resin Transfer Molding (RTM) are
increasingly preferred for precision and scalability, supporting high-rate production
lines.
Regional Analysis
North America currently dominates the global aerospace composites market, owing
to the presence of key aerospace OEMs such as Boeing, Lockheed Martin, and
Northrop Grumman, along with advanced composite manufacturers like Hexcel
Corporation and Syensqo (formerly Solvay). Europe follows closely, driven by
Airbus's large-scale integration of composite materials and the region's strong
focus on sustainability and circular economy models. Asia-Pacific is emerging
as the fastest-growing region, fueled by rapid industrialization, increasing
defense budgets, and expanding commercial aviation infrastructure in countries
like China, India, and Japan. Middle East and Africa are expected to witness
steady growth due to rising investments in aerospace manufacturing hubs, while
Latin America continues to evolve as a key supplier of composite parts and raw
materials.
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Competitive Landscape
The aerospace composites market is highly competitive, with a mix of
established global players and emerging regional suppliers. Key companies
include Hexcel Corporation, Syensqo, Toray Industries, Teijin Limited, SGL
Carbon, Mitsubishi Chemical Group, Gurit Holding AG, and Spirit AeroSystems.
These players are investing heavily in R&D, automation, and sustainability
initiatives to maintain their market leadership. Strategic collaborations,
mergers, and acquisitions continue to define the competitive dynamics, as
companies seek to strengthen their supply chains and technological
capabilities. For example, Hexcel's new material innovations and Syensqo's
sustainability-driven partnerships highlight the industry's dual focus on performance
and circularity.
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