The global aerospace composites market is anticipated to grow at a steady rate during the forecast period, 2023-2027. The market growth can be attributed to the increasing replacement of traditional aircraft materials with lightweight and superior-performance aerospace composites in commercial aircraft.
The Important Elements of the Aerospace Composites Market
In addition, the ongoing fluctuations in prices of crude oil and increasing government efforts towards curbing environmental emissions are fostering growth in fuel-efficient aircraft, which is expected to further stimulate the growth of the global aerospace composites market in the coming years. Besides, the superior performance properties of aerospace composites are adding to their increased demand for the development of fuel-efficient aircraft, which is expected to propel the market growth.
Moreover, the rising use of composites in military and commercial aircraft and increasing deployment of aircraft delivery is expected to positively influence the market growth. Increasing investments by the market players to develop high-performance aircraft components with low operating costs are expected to further propel the growth of the global aerospace market in the coming years. However, decreasing number of commercial aircraft delivery is expected to negatively impact the aerospace composites market.
The global aerospace composite market is segmented on the basis of fiber type, resin type, manufacturing process, aircraft type, application, region, and company. Based on the fiber type, the market is further divided into carbon fiber composites, ceramic fiber composites, glass fiber composites, and others.
The carbon fiber composites segment is expected to account for a large share of the global aerospace composites market owing to their superior strength-to-weight ratio and anti-corrosive properties, which contribute to their greater adoption in the aerospace industry. Based on aircraft type, the military segment is anticipated to register the highest growth in the global aerospace composite market in the coming years. Composites utilized in military aircraft are lightweight, durable, chemical, and temperature-sensitive, hence they are widely used in military aircraft.
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The global aerospace composite market is controlled by these major players, namely
- Teijin Limited (Japan)
- Toray Industries (Japan)
- SGL Group (Germany), etc.
Attribute | Details |
Base Year | 2021 |
Historical Years | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · By Fiber Type
· By Resin Type · By Manufacturing Process · By Aircraft Type · By Application |
Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
Country Scope | China, India, Japan, South Korea, Indonesia, Rest of APAC, U. S., Canada, Mexico, Rest of North America, Germany, U.K., France, Italy, Spain, Rest of Europe, Saudi Arabia, UAE, Iran, South Africa, South America, Brazil, Colombia, Argentina, Rest of South America |
Key Companies Profiled | Teijin Limited (Japan), Toray Industries (Japan), SGL Group (Germany) |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, the global aerospace composites market has been segmented into the following categories in addition to the industry trends which have also been detailed below:
- Aerospace Composite Market, by Fiber Type:
- Carbon Fiber Composites
- Ceramic Fiber Composites
- Glass Fiber Composites
- Others
- Aerospace Composites Market, by Resin Type:
- Epoxy
- Phenolic
- Polyester
- Polyimides
- Thermoplastics
- Ceramic
- Metal Matrix
- Others
- Aerospace Composite Market, by Manufacturing Process:
- AFP/ATL
- Layup
- RTM/VARTM
- Filament Winding
- Others
- Aerospace Composites Market, by Aircraft Type:
- Commercial Aircraft
- Business Aviation
- Civil Helicopters
- Military Aircraft & Helicopters
- Others
- Aerospace Composite Market, by Application:
- Interior
- Exterior
- Aerospace Composite Market, by Geography:
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Rest of APAC
- North America
- U. S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Iran
- South Africa
- South America
- Brazil
- Colombia
- Argentina
- Rest of South America
- Asia-Pacific
Competitive Landscape
Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, production plants, market pricing, sales footprint, target customer types, etc.
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Table of Content
1. Product Overview
- Research Methodology
- Impact of COVID-19 on Global Aerospace Composite Market
- Executive Summary
- Voice of Customer
- Global Aerospace Composites Market Outlook
6.1. Market Size & Forecast
6.1.1.By Value
6.1.2.By Volume
6.2. Market Share & Forecast
6.2.1.By Fiber Type (Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites and Others)
6.2.2.By Resin Type (Epoxy, Phenolic, Polyester, Polyimides, Thermoplastics, Ceramic and Metal Matrix and Others)
6.2.3.By Manufacturing Process (AFP/ATL, Layup, RTM/VARTM, Filament Winding and Others)
6.2.4.By Aircraft Type (Commercial Aircraft, Business Aviation, Civil Helicopters, Military Aircraft & helicopters and Others)
6.2.5.By Application (Interior and Exterior)
6.2.6.By Region (Asia-Pacific, North America, Europe, Middle East & Africa and South America)
6.2.7.By Company
- Global Aerospace Composite Market Segmental Analysis
7.1. Global Carbon Fiber Composites Market Outlook
7.1.1.Market Size & Forecast
7.1.1.1. By Value
7.1.1.2. By Volume
7.1.2.Market Share & Forecast
7.1.2.1. By Application
7.1.2.2. By Region (APAC, North America, Europe, MEA and South America)
7.1.2.3. By Company (At least top 3 companies market shares)
7.2. Global Ceramic Fiber Composites Market Outlook
7.2.1.Market Size & Forecast
7.2.1.1. By Value
7.2.1.2. By Volume
7.2.2.Market Share & Forecast
7.2.2.1. By Application
7.2.2.2. By Region (APAC, North America, Europe, MEA and South America)
7.2.2.3. By Company (At least top 3 companies market shares)
7.3. Global Glass Fiber Composites Market Outlook
7.3.1.Market Size & Forecast
7.3.1.1. By Value
7.3.1.2. By Volume
7.3.2.Market Share & Forecast
7.3.2.1. By Application
7.3.2.2. By Region (APAC, North America, Europe, MEA and South America)
7.3.2.3. By Company (At least top 3 companies market shares)
- Global Aerospace Composites Market Regional Analysis
8.1. Asia Pacific Aerospace Composite Market Outlook
8.1.1.Market Size & Forecast
8.1.1.1. By Value
8.1.1.2. By Volume
8.1.2.Market Share & Forecast
8.1.2.1. By Fiber Type (Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites and Others)
8.1.2.2. By Resin Type (Epoxy, Phenolic, Polyester, Polyimides, Thermoplastics, Ceramic and Metal Matrix and Others)
8.1.2.3. By Manufacturing Process (AFP/ATL, Layup, RTM/VARTM, Filament Winding and Others)
8.1.2.4. By Aircraft Type (Commercial Aircraft, Business Aviation, Civil Helicopters, Military Aircraft & helicopters and Others)
8.1.2.5. By Application (Interior and Exterior)
8.1.2.6. By Country
8.1.2.6.1. China Aerospace Composites Market Outlook
8.1.2.6.1.1. Market Size & Forecast
8.1.2.6.1.1.1. By Value
8.1.2.6.1.1.2. By Volume
8.1.2.6.1.2. Market Share & Forecast
8.1.2.6.1.2.1. By Application
8.1.2.6.2. India Aerospace Composites Market Outlook
8.1.2.6.2.1. Market Size & Forecast
8.1.2.6.2.1.1. By Value
8.1.2.6.2.1.2. By Volume
8.1.2.6.2.2. Market Share & Forecast
8.1.2.6.2.2.1. By Application
8.1.2.6.3. Japan Aerospace Composite Market Outlook
8.1.2.6.3.1. Market Size & Forecast
8.1.2.6.3.1.1. By Value
8.1.2.6.3.1.2. By Volume
8.1.2.6.3.2. Market Share & Forecast
8.1.2.6.3.2.1. By Application
8.1.2.6.4. South Korea Aerospace Composites Market Outlook
8.1.2.6.4.1. Market Size & Forecast
8.1.2.6.4.1.1. By Value
8.1.2.6.4.1.2. By Volume
8.1.2.6.4.2. Market Share & Forecast
8.1.2.6.4.2.1. By Application
8.1.2.6.5. Indonesia Aerospace Composites Market Outlook
8.1.2.6.5.1. Market Size & Forecast
8.1.2.6.5.1.1. By Value
8.1.2.6.5.1.2. By Volume
8.1.2.6.5.2. Market Share & Forecast
8.1.2.6.5.2.1. By Application
8.2. North America Aerospace Composite Market Outlook
8.2.1.Market Size & Forecast
8.2.1.1. By Value
8.2.1.2. By Volume
8.2.2.Market Share & Forecast
8.2.2.1. By Fiber Type (Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites and Others)
8.2.2.2. By Resin Type (Epoxy, Phenolic, Polyester, Polyimides, Thermoplastics, Ceramic and Metal Matrix and Others)
8.2.2.3. By Manufacturing Process (AFP/ATL, Layup, RTM/VARTM, Filament Winding and Others)
8.2.2.4. By Aircraft Type (Commercial Aircraft, Business Aviation, Civil Helicopters, Military Aircraft & helicopters and Others)
8.2.2.5. By Application (Interior and Exterior)
8.2.2.6. By Country
8.2.2.6.1. United States Aerospace Composite Market Outlook
8.2.2.6.1.1. Market Size & Forecast
8.2.2.6.1.1.1. By Value
8.2.2.6.1.1.2. By Volume
8.2.2.6.1.2. Market Share & Forecast
8.2.2.6.1.2.1. By Application
8.2.2.6.2. Canada Aerospace Composites Market Outlook
8.2.2.6.2.1. Market Size & Forecast
8.2.2.6.2.1.1. By Value
8.2.2.6.2.1.2. By Volume
8.2.2.6.2.2. Market Share & Forecast
8.2.2.6.2.2.1. By Application
8.2.2.6.3. Mexico Aerospace Composite Market Outlook
8.2.2.6.3.1. Market Size & Forecast
8.2.2.6.3.1.1. By Value
8.2.2.6.3.1.2. By Volume
8.2.2.6.3.2. Market Share & Forecast
8.2.2.6.3.2.1. By Application
8.3. Europe Aerospace Composite Market Outlook
8.3.1.Market Size & Forecast
8.3.1.1. By Value
8.3.1.2. By Volume
8.3.2.Market Share & Forecast
8.3.2.1. By Fiber Type (Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites and Others)
8.3.2.2. By Resin Type (Epoxy, Phenolic, Polyester, Polyimides, Thermoplastics, Ceramic and Metal Matrix and Others)
8.3.2.3. By Manufacturing Process (AFP/ATL, Layup, RTM/VARTM, Filament Winding and Others)
8.3.2.4. By Aircraft Type (Commercial Aircraft, Business Aviation, Civil Helicopters, Military Aircraft & helicopters and Others)
8.3.2.5. By Application (Interior and Exterior)
8.3.2.6. By Country
8.3.2.6.1. Germany Aerospace Composite Market Outlook
8.3.2.6.1.1. Market Size & Forecast
8.3.2.6.1.1.1. By Value
8.3.2.6.1.1.2. By Volume
8.3.2.6.1.2. Market Share & Forecast
8.3.2.6.1.2.1. By Application
8.3.2.6.2. France Aerospace Composites Market Outlook
8.3.2.6.2.1. Market Size & Forecast
8.3.2.6.2.1.1. By Value
8.3.2.6.2.1.2. By Volume
8.3.2.6.2.2. Market Share & Forecast
8.3.2.6.2.2.1. By Application
8.3.2.6.3. Italy Aerospace Composites Market Outlook
8.3.2.6.3.1. Market Size & Forecast
8.3.2.6.3.1.1. By Value
8.3.2.6.3.1.2. By Volume
8.3.2.6.3.2. Market Share & Forecast
8.3.2.6.3.2.1. By Application
8.3.2.6.4. Spain Aerospace Composites Market Outlook
8.3.2.6.4.1. Market Size & Forecast
8.3.2.6.4.1.1. By Value
8.3.2.6.4.1.2. By Volume
8.3.2.6.4.2. Market Share & Forecast
8.3.2.6.4.2.1. By Application
8.3.2.6.5. UK Aerospace Composites Market Outlook
8.3.2.6.5.1. Market Size & Forecast
8.3.2.6.5.1.1. By Value
8.3.2.6.5.1.2. By Volume
8.3.2.6.5.2. Market Share & Forecast
8.3.2.6.5.2.1. By Application
8.4. Middle East & Africa Aerospace Composites Market Outlook
8.4.1.Market Size & Forecast
8.4.1.1. By Value
8.4.1.2. By Volume
8.4.2.Market Share & Forecast
8.4.2.1. By Fiber Type (Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites and Others)
8.4.2.2. By Resin Type (Epoxy, Phenolic, Polyester, Polyimides, Thermoplastics, Ceramic and Metal Matrix and Others)
8.4.2.3. By Manufacturing Process (AFP/ATL, Layup, RTM/VARTM, Filament Winding and Others)
8.4.2.4. By Aircraft Type (Commercial Aircraft, Business Aviation, Civil Helicopters, Military Aircraft & helicopters and Others)
8.4.2.5. By Application (Interior and Exterior)
8.4.2.6. By Country
8.4.2.6.1. Saudi Arabia Aerospace Composites Market Outlook
8.4.2.6.1.1. Market Size & Forecast
8.4.2.6.1.1.1. By Value
8.4.2.6.1.1.2. By Volume
8.4.2.6.1.2. Market Share & Forecast
8.4.2.6.1.2.1. By Application
8.4.2.6.2. UAE Aerospace Composites Market Outlook
8.4.2.6.2.1. Market Size & Forecast
8.4.2.6.2.1.1. By Value
8.4.2.6.2.1.2. By Volume
8.4.2.6.2.2. Market Share & Forecast
8.4.2.6.2.2.1. By Application
8.4.2.6.3. Iran Aerospace Composites Market Outlook
8.4.2.6.3.1. Market Size & Forecast
8.4.2.6.3.1.1. By Value
8.4.2.6.3.1.2. By Volume
8.4.2.6.3.2. Market Share & Forecast
8.4.2.6.3.2.1. By Application
8.4.2.6.4. South Africa Aerospace Composites Market Outlook
8.4.2.6.4.1. Market Size & Forecast
8.4.2.6.4.1.1. By Value
8.4.2.6.4.1.2. By Volume
8.4.2.6.4.2. Market Share & Forecast
8.4.2.6.4.2.1. By Application
8.5. South America Aerospace Composites Market Outlook
8.5.1.Market Size & Forecast
8.5.1.1. By Value
8.5.1.2. By Volume
8.5.2.Market Share & Forecast
8.5.2.1. By Fiber Type (Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites and Others)
8.5.2.2. By Resin Type (Epoxy, Phenolic, Polyester, Polyimides, Thermoplastics, Ceramic and Metal Matrix and Others)
8.5.2.3. By Manufacturing Process (AFP/ATL, Layup, RTM/VARTM, Filament Winding and Others)
8.5.2.4. By Aircraft Type (Commercial Aircraft, Business Aviation, Civil Helicopters, Military Aircraft & helicopters and Others)
8.5.2.5. By Application (Interior and Exterior)
8.5.2.6. By Country
8.5.2.6.1. Brazil Aerospace Composites Market Outlook
8.5.2.6.1.1. Market Size & Forecast
8.5.2.6.1.1.1. By Value
8.5.2.6.1.1.2. By Volume
8.5.2.6.1.2. Market Share & Forecast
8.5.2.6.1.2.1. By Application
8.5.2.6.2. Argentina Aerospace Composites Market Outlook
8.5.2.6.2.1. Market Size & Forecast
8.5.2.6.2.1.1. By Value
8.5.2.6.2.1.2. By Volume
8.5.2.6.2.2. Market Share & Forecast
8.5.2.6.2.2.1. By Application
8.5.2.6.3. Colombia Aerospace Composites Market Outlook
8.5.2.6.3.1. Market Size & Forecast
8.5.2.6.3.1.1. By Value
8.5.2.6.3.1.2. By Volume
8.5.2.6.3.2. Market Share & Forecast
8.5.2.6.3.2.1. By Application