
Aerospace Composite Market
Aerospace Composite Market Forecasts to 2030 - Global Analysis By Fiber Type (Carbon Fiber, Glass Fiber, Aramid Fiber and Other Fiber Types), Matrix Type, Manufacturing Process, End User and By Geography

According to Stratistics MRC, the Global Aerospace Composite Market is accounted for $38.1 billion in 2024 and is expected to reach $81.1 billion by 2030 growing at a CAGR of 13.5% during the forecast period. Aerospace composites are materials made from multiple components that exhibit superior properties when combined. They are used in the aerospace industry for manufacturing parts like aircraft, spacecraft, and satellites due to their strength, light weight, and resistance to fatigue and corrosion. These composites consist of a reinforcement material like carbon fiber and a matrix material like polymer, metal, or ceramic. They are designed to withstand high-altitude flights, extreme temperature variations, and environmental exposure, making them ideal for critical structural and non-structural components like wings, fuselage, tail sections, and engine parts.
According to World Data, in 2024, the aviation industry is accountable for 2.6% of global carbon dioxide emissions and 4% of global warming. This factor stimulates the development and adoption of lightweight and sustainable aerospace composites.
Market Dynamics:
Driver:
Enhanced durability and corrosion resistance
Aerospace composites with enhanced durability and corrosion resistance extend the life cycle of aircraft and spacecraft components, reducing maintenance and operating costs. This leads to increased demand for high-performance composite materials in new aircraft and retrofitting older models, contributing to market growth. Additionally, enhanced durability and corrosion resistance improve safety and reliability in aerospace structures, especially in harsh environments. The aerospace industry's stringent safety standards are likely to favor these composites, driving demand for higher durability and corrosion resistance in the market.
Restraint:
Complex manufacturing processes
The intricate manufacturing processes of aerospace composites can lead to longer lead times, affecting the market. This can hinder aerospace companies from meeting tight production schedules, especially in sectors like commercial aviation or defense. This can result in delays in aircraft delivery, operational disruptions, and customer dissatisfaction. Additionally, the complex manufacturing processes can create challenges in scaling up production. This can create bottlenecks, limiting the supply of composite components and restricting market expansion, especially in high-volume sectors like commercial aviation.
Opportunity:
Growing global air travel industry and rise in both commercial and military aircraft production
The driving demand for fuel-efficient aircraft, with airlines using lightweight materials like composites to reduce operating costs. This trend is affecting the market for aerospace composites, which are used in critical components like wings, fuselage, tail sections, and interior structures. The growth of the industry, driven by rising disposable incomes, expanding middle classes, and increased connectivity, leads to a rise in new aircraft production and deliveries propelling the market growth.
Threat:
High manufacturing and material costs
The complex manufacturing processes for aerospace composites, such as fiber placement, resin infusion, and autoclave curing, require specialized equipment, skilled labor, and expensive raw materials. These costs can deter smaller companies and those with limited budgets from adopting aerospace composites, potentially limiting market growth in price-sensitive sectors like commercial aviation. Additionally, the intricacy of these processes can result in longer lead times for producing components, with some processes taking several hours to days, depending on the size and complexity of the part.
Covid-19 Impact
The COVID-19 pandemic significantly disrupt in global supply chains, halting production, and delaying aircraft deliveries. With travel restrictions and reduced demand for air travel, commercial aircraft production slowed, affecting the demand for composite materials. Additionally, many aerospace manufacturers faced financial challenges, leading to postponed projects and budget cuts in R&D. However, as recovery takes place, the market is gradually rebounding, with a renewed focus on lightweight, fuel-efficient aircraft, boosting long-term demand for aerospace composites.
The carbon fiber segment is expected to be the largest during the forecast period
The carbon fiber is expected to be the largest during the forecast period owing to improved fuel efficiency by replacing heavier materials like aluminum or steel. This reduces aircraft weight, resulting in better fuel economy and lower operating costs. Airlines and aerospace manufacturers are increasingly using carbon fiber to meet fuel efficiency and environmental sustainability goals. These advantages have made carbon fiber a key material in the development of modern aircraft, including both commercial and military applications driving growth in the aerospace composite market.
The autoclave processing segment is expected to have the highest CAGR during the forecast period
The autoclave processing segment is anticipated to have the highest CAGR during the forecast period which involves heating and shaping large composite parts, generates significant material waste and high energy consumption. These factors increase the environmental and economic costs of aerospace composite production. Manufacturers under pressure to reduce carbon footprint may explore alternative methods of composite manufacturing, potentially affecting demand for autoclave-based aerospace composites. This could lead to a shift in production methods.
Region with largest share:
North America is expected to hold the largest market share during the forecast period owing to major aerospace hubs like the US and Canada have a network of suppliers, research institutions, skilled labor, and facilities for producing composite materials and components. The region's strong manufacturing ecosystem allows seamless integration across the supply chain, meeting the commercial and defense sector's demand for lightweight, durable materials. This results in consistent growth for the aerospace composite market in the region, and a well-developed infrastructure supports rapid production scaling as market demands increase.
Region with highest CAGR:
Asia Pacific is anticipated to register the highest CAGR over the forecast period due to governments in Asia Pacific, particularly China and India, are promoting the growth of their aerospace sectors through funding for research, tax incentives, and investments in infrastructure. These policies provide a strong foundation for the aerospace composite market, accelerating the adoption of composites in commercial and military aircraft production by incentivizing investment in high-performance materials and technologies.
Key players in the market
Some of the key players in Aerospace Composite market include Airbus, BAE Systems, Bally Ribbon Mills, Boeing, DuPont, General Dynamics, Hexcel Corporation, Lockheed Martin, Materion Corp., Mitsubishi Chemical Carbon Fiber and Composites Inc., Northrop Grumman, Raytheon Technologies, Royal Ten Cate N.V., SGL Carbon SE, Solvay SA, Thales Gr, Toho Tenax Co., Ltd and Toray Industries Inc.
Key Developments:
In December 2024, DuPont water technologies featured in avoided-emissions use case by world business council for sustainable development. Advanced FilmTec™ BW30 PRO-400 RO elements, introduced to the market in 2022, transform salty water sources into high-quality freshwater to secure water access for industrial.
In December 2024, BAE Systems (UK), Leonardo (Italy), and Japan aircraft industrial enhancement Co Ltd (JAIEC), have reached an agreement to form a new company under a business joint venture for the Global Combat Air Programme (GCAP), subject to regulatory approvals.
Fiber Types Covered:
• Carbon Fiber
• Glass Fiber
• Aramid Fiber
• Other Fiber Types
Matrix Types Covered:
• Polymer Matrix Composites
• Metal Matrix Composites
• Ceramic Matrix Composites
• Other Matrix Types
Manufacturing Processes Covered:
• Autoclave Processing
• Resin Transfer Molding
• Filament Winding
• Hand Layup
• Other Manufacturing Processes
End Users Covered:
• Commercial Aviation
• Military Aviation
• General Aviation
• Aerospace
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aerospace Composite Market, By Fiber Type
5.1 Introduction
5.2 Carbon Fiber
5.3 Glass Fiber
5.4 Aramid Fibe
5.5 Other Fiber Types
6 Global Aerospace Composite Market, By Matrix Type
6.1 Introduction
6.2 Polymer Matrix Composites
6.3 Metal Matrix Composites
6.4 Ceramic Matrix Composites
6.5 Other Matrix Types
7 Global Aerospace Composite Market, By Manufacturing Process
7.1 Introduction
7.2 Autoclave Processing
7.3 Resin Transfer Molding
7.4 Filament Winding
7.5 Hand Layup
7.6 Other Manufacturing Processes
8 Global Aerospace Composite Market, By End User
8.1 Introduction
8.2 Commercial Aviation
8.3 Military Aviation
8.4 General Aviation
8.5 Aerospace
8.6 Other End Users
9 Global Aerospace Composite Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Airbus
11.2 BAE Systems
11.3 Bally Ribbon Mills
11.4 Boeing
11.5 DuPont
11.6 General Dynamics
11.7 Hexcel Corporation
11.8 Lockheed Martin
11.9 Materion Corp.
11.10 Mitsubishi Chemical Carbon Fiber and Composites Inc.
11.11 Northrop Grumman
11.12 Raytheon Technologies
11.13 Royal Ten Cate N.V.
11.14 SGL Carbon SE
11.15 Solvay SA
11.16 Thales Gr
11.17 Toho Tenax Co., Ltd
11.18 Toray Industries Inc
List of Tables
1 Global Aerospace Composite Market Outlook, By Region (2022-2030) ($MN)
2 Global Aerospace Composite Market Outlook, By Fiber Type (2022-2030) ($MN)
3 Global Aerospace Composite Market Outlook, By Carbon Fiber (2022-2030) ($MN)
4 Global Aerospace Composite Market Outlook, By Glass Fiber (2022-2030) ($MN)
5 Global Aerospace Composite Market Outlook, By Aramid Fibe (2022-2030) ($MN)
6 Global Aerospace Composite Market Outlook, By Other Fiber Types (2022-2030) ($MN)
7 Global Aerospace Composite Market Outlook, By Matrix Type (2022-2030) ($MN)
8 Global Aerospace Composite Market Outlook, By Polymer Matrix Composites (2022-2030) ($MN)
9 Global Aerospace Composite Market Outlook, By Metal Matrix Composites (2022-2030) ($MN)
10 Global Aerospace Composite Market Outlook, By Ceramic Matrix Composites (2022-2030) ($MN)
11 Global Aerospace Composite Market Outlook, By Other Matrix Types (2022-2030) ($MN)
12 Global Aerospace Composite Market Outlook, By Manufacturing Process (2022-2030) ($MN)
13 Global Aerospace Composite Market Outlook, By Autoclave Processing (2022-2030) ($MN)
14 Global Aerospace Composite Market Outlook, By Resin Transfer Molding (2022-2030) ($MN)
15 Global Aerospace Composite Market Outlook, By Filament Winding (2022-2030) ($MN)
16 Global Aerospace Composite Market Outlook, By Hand Layup (2022-2030) ($MN)
17 Global Aerospace Composite Market Outlook, By Other Manufacturing Processes (2022-2030) ($MN)
18 Global Aerospace Composite Market Outlook, By End User (2022-2030) ($MN)
19 Global Aerospace Composite Market Outlook, By Commercial Aviation (2022-2030) ($MN)
20 Global Aerospace Composite Market Outlook, By Military Aviation (2022-2030) ($MN)
21 Global Aerospace Composite Market Outlook, By General Aviation (2022-2030) ($MN)
22 Global Aerospace Composite Market Outlook, By Aerospace (2022-2030) ($MN)
23 Global Aerospace Composite Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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