Aerospace Composites Market

Market Definition

The market focuses on producing advanced materials made by combining fibers like carbon or glass with a resin matrix. These composites are lightweight, strong, and durable, ideal for aircraft and spacecraft manufacturing. 

The report identifies the principal factors contributing to market expansion, along with an analysis of the competitive landscape influencing its growth trajectory.

Aerospace Composites Market Overview

The global aerospace composites market size was valued at USD 27.84 billion in 2024, which is valued at USD 31.16 billion in 2025 and will reach USD 69.85 billion by 2032, growing at a CAGR of 12.14% from 2025 to 2032. 

The market is driven by the increasing demand for lightweight components. Reducing the weight of the aircraft enhances fuel efficiency, lowers emissions, and supports sustainability goals, prompting manufacturers to adopt advanced composite materials extensively.

Major companies operating in the aerospace composites industry are Solvay, Hexcel Corporation, Spirit AeroSystems, Inc., General Dynamics Corporation, Avior Produits Intégrés Inc., Toray Industries Inc, Teijin Ltd, Materion Corporation, ABSOLUTE COMPOSITES, Collins Aerospace, Mitsubishi Chemical Group, SGL Carbon, Lee Aerospace, FDC Composites Inc., and Aernnova.

The market is rapidly expanding, driven by the growing demand for high-strength materials that improve fuel efficiency and reduce emissions. Increasing adoption of advanced composites across commercial, military, and space applications is fueling innovation in manufacturing processes and material development. 

Technological advancements, such as automation and digitalization, are enhancing production precision and cost-effectiveness. Additionally, sustainability initiatives and regulatory pressures are accelerating the shift toward eco-friendly composite solutions, positioning the market for significant growth in the coming years.

• In February 2025, Ideko set a new standard in aerospace composite manufacturing by showcasing the HERFUSE project demonstrator at JEC World 2025. Its innovative automated processes, advanced materials, and digital monitoring enhance efficiency, sustainability, and precision for hybrid-electric regional aircraft production.

Key Highlights:

1. The aerospace composites market size was valued at USD 27.84 billion in 2024.
2. The market is projected to grow at a CAGR of 12.14% from 2025 to 2032.
3. North America held a market share of 35.95% in 2024, with a valuation of USD 10.01 billion.
4. The carbon segment garnered USD 10.08 billion in revenue in 2024.
5. The commercial segment is expected to reach USD 20.93 billion by 2032.
6. The market in Asia Pacific is anticipated to grow at a CAGR of 13.04% during the forecast period.

Market Driver

Rising Demand for Lightweight Components

One of the primary drivers of the market is the rising demand for lightweight components. Reducing the weight of aircraft and vehicles directly contributes to improved fuel efficiency and significant reductions in greenhouse gas emissions. 

As environmental regulations become more stringent, aerospace and automotive manufacturers are increasingly turning to advanced composites like carbon fiber-reinforced polymers to meet performance and sustainability targets. These materials offer an optimal balance of strength and weight, enabling safer, more efficient designs and helping industries reduce operational costs while minimizing their environmental footprint.

• In February 2025, researchers from SRM Madurai College of Engineering and Technology (India), Vellore Institute of Technology (India), Mepco Schlenk Engineering College (India), Opole University of Technology (Poland), Silesian University of Technology (Poland) and VŠB-Technical University of Ostrava (Czech Republic) advanced lightweight component manufacturing by developing innovative friction riveting techniques. These methods improve bonding between polymer matrix composites and metals, crucial for aerospace and automotive industries seeking lighter, stronger, and more efficient parts that reduce fuel consumption and environmental impact.

Market Challenge

High Production Costs

High production costs remain a significant challenge in the aerospace composites market, due to the expensive raw materials and specialized manufacturing equipment required. These costs can limit widespread adoption, especially for smaller manufacturers. 

However, solutions such as investing in automation, advanced manufacturing technologies, and process optimization help reduce expenses. Additionally, developing cost-effective composite materials and recycling methods can lower overall costs, making aerospace composites more accessible while maintaining high performance and quality standards.

Market Trend

Rise of Urban Air Mobility (UAM)

The market is registering significant growth, due to the rise of Urban Air Mobility (UAM), which involves the use of small, electric or hybrid aircraft designed for efficient urban transportation and short-distance travel. 

This emerging sector drives the demand for lightweight, high-strength composite materials that improve aircraft performance by reducing weight and enhancing fuel efficiency. 

Aerospace manufacturers are increasingly investing in advanced composites to meet the rigorous safety, durability, and efficiency standards required for these next-generation urban air vehicles as UAM aims to transform city travel with quieter, more sustainable aircraft. 

• In May 2025, Hexcel introduced cutting-edge lightweight aerospace composite innovations at the Paris Air Show. These advancements include rapid-curing prepregs, automated manufacturing techniques, and high-performance materials designed to reduce aircraft weight while maintaining strength and durability. Hexcel’s innovations support the aerospace industry’s move toward more sustainable, cost-effective, and high-performing aircraft designs by enabling faster production and improved fuel efficiency.

Aerospace Composites Market Report Snapshot

Segmentation	Details
By Fiber	Carbon, Glass, Aramid, Others
By Application	Commercial, Military, General Aviation, Space
By Region	North America: U.S., Canada, Mexico
	Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe
	Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific
	Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa
	South America: Brazil, Argentina, Rest of South America

Market Segmentation:

• By Fiber (Carbon, Glass, Aramid, and Others): The carbon segment earned USD 10.08 billion in 2024, due to its superior strength-to-weight ratio, fuel efficiency benefits, and widespread adoption in commercial aircraft manufacturing.
• By Application (Commercial, Military, General Aviation, and Space): The commercial segment held 30.04% share of the market in 2024, due to rising air travel demand, increased aircraft production, and the shift toward lightweight composite materials for cost-effective operations.

Aerospace Composites Market Regional Analysis

Based on region, the global market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America accounted for a market share of around 35.95% in 2024, with a valuation of USD 10.01 billion. North America remains the dominant region in the aerospace composites market, driven by a strong presence of major aircraft manufacturers, defense contractors, and composite material producers. 

The U.S., in particular, leads in research, innovation, and adoption of advanced aerospace materials. High demand for fuel-efficient aircraft, significant investments in defense modernization, and a robust supply chain support the region's market leadership. 

As per the Federal Aviation Administration (FAA's) Air Traffic Organization article dated September 2024, the FAA handles 16,405,000 flights annually, with an average of 45,000 daily flights, and approximately 2,900,000 passengers flying in and out of U.S. airports every day. 

Additionally, collaborations between government agencies and private companies foster continuous innovation, solidifying North America's position as a global hub for the development of aerospace composites.

The market in Asia Pacific is poised for significant growth at a robust CAGR of 13.04% over the forecast period. Asia Pacific is emerging as the fastest-growing region in the aerospace composites industry, due to rapid industrialization, expanding aviation infrastructure, and increasing defense expenditures. 

Countries like China, India, and Japan are investing heavily in domestic aircraft production and aerospace research, driving the demand for advanced composite materials. The growth of low-cost carriers, rising air passenger traffic, and government initiatives supporting aerospace innovation further boost the market. Additionally, the region benefits from a growing manufacturing base and availability of skilled labor, fueling the market.

Regulatory Frameworks

• AS9100, developed in 1999 by the Society of Automotive Engineers, is an internationally recognized quality management standard that includes ISO 9001:1994 with additional aerospace-specific requirements for design, production, and servicing.
• In the European Union (EU), Regulation (EU) 2018/1139 establishes common rules for civil aviation and sets the foundation for the European Union Aviation Safety Agency (EASA), aiming to ensure high and uniform levels of safety, environmental protection, and efficient operations across the aviation sector.
• In India, MAKE Projects under the Defence Procurement Procedure (DPP) encourage indigenous capabilities by streamlining the process for designing, developing, and upgrading defence systems and components, enhancing both public and private sector involvement.

Competitive Landscape

Companies in the aerospace composites market are focusing on innovation, collaboration, and process optimization to meet the growing demand for lightweight and high-performance materials. Many companies are investing in advanced thermoplastic composites, automated manufacturing techniques, and sustainable production methods. 

Strategic partnerships, R&D projects, and technology integration are driving the development of next-generation composite structures, enabling faster production cycles, improved material properties, and enhanced design flexibility. These key factors support the aerospace industry’s shift toward more efficient, eco-friendly aircraft solutions.

• In March 2024, Arkema and Hexcel completed the first aeronautical structure made from thermoplastic composites using HexPly tapes and Kepstan PEKK resin. Developed under the HAICoPAS project, this milestone advances automated tape placement and in-situ welding, offering lightweight, high-performance alternatives to metals for future aircraft structures, with enhanced production efficiency and real-time quality control.

List of Key Companies in Aerospace Composites Market:

• Solvay
• Hexcel Corporation
• Spirit AeroSystems, Inc.
• General Dynamics Corporation
• Avior Produits Intégrés Inc.
• Toray Industries Inc
• Teijin Ltd
• Materion Corporation
• ABSOLUTE COMPOSITES
• Collins Aerospace
• Mitsubishi Chemical Group
• SGL Carbon
• Lee Aerospace
• FDC Composites Inc.
• Aernnova

Recent Developments (M&A/Partnerships)

• In January 2024, Materion Beryllium & Composites entered a strategic partnership with Liquidmetal Technologies to advance next-generation product development. The alliance combines R&D expertise and global production capabilities to deliver high-performance amorphous metal components with superior strength, elasticity, and corrosion resistance across medical, military, industrial, and consumer applications.
• In January 2024, Boeing fully acquired Aerospace Composites Malaysia (ACM), making it Boeing’s first wholly-owned manufacturing facility in Southeast Asia. ACM produces composite products and subassemblies for Boeing’s commercial aircraft. Supported by the Malaysian government and academic partnerships, ACM has expanded its skilled local workforce to around 1,000 employees.