Aerospace Composites Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Aerospace Composites Market Report is Segmented by Fiber Type (Glass Fiber, Carbon Fiber, Ceramic Fiber, and Other Fiber Types), Application (Commercial Aviation, Military Aviation, General Aviation, and Space), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Aerospace Composites Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Aerospace Composites Market Size

Aerospace Composites Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 30.39 Billion
Market Size (2030) USD 47.54 Billion
CAGR (2025 - 2030) 9.36 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Aerospace Composites Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Aerospace Composites Market with other markets in Aerospace & Defense Industry

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Aerospace Composites Market Analysis

The Aerospace Composites Market size is estimated at USD 30.39 billion in 2025, and is expected to reach USD 47.54 billion by 2030, at a CAGR of 9.36% during the forecast period (2025-2030).

The characteristics of composites, like temperature and chemical resistance, lightweight, high stiffness, dimensional stability, and flex performance, among others, made their use popular in various aerospace components and structural applications. Reduced maintenance, longer design life, fewer parts, and reduced tooling and assembly costs are some of the reasons that drive the aerospace composites market.

The substantial rise in passenger traffic and the imposition of new emission regulations led to a significant increase in demand for new-generation aircraft purchases over the last decade, before the pandemic. Aircraft manufacturers are developing new aircraft models in the commercial, military, and general aviation sectors, requiring newer engines with better performance and low weight. As a result, the emphasis on newer material technologies like composites is increasing.

Aerospace Composites Industry Overview

The aerospace composites market is semi-consolidated, wherein prominent players in the market occupy the majority of the market share: Toray Industries Inc., SGL Carbon SE, Hexcel Corporation, Solvay SA, and DuPont. 

The partnerships of the companies with OEMs for the development of components and parts of the aircraft to increase the profitability of the end user are expected to open new market opportunities to the existing players. Also, investments of companies in advanced composites for space-based applications may help increase their market presence. For instance, in February 2023, Toray Industries Inc. supplied the Japan Aerospace Exploration Agency's (JAXA, Tokyo) H3 launch vehicle - the successor to its H-IIA rocket - with Torayca carbon fiber and prepreg. Such developments will be fueling the growth of the market during the forecasted period.

Aerospace Composites Market Leaders

  1. Toray Industries Inc.

  2. SGL Carbon SE

  3. Hexcel Corporation

  4. Solvay SA

  5. DuPont

  6. *Disclaimer: Major Players sorted in no particular order
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Aerospace Composites Market News

  • July 2023: NASA awarded a USD 800,000 contract Phase II Small Business Technology Transfer (STTR) contract to AnalySwift LLC, a US-based company, to develop a Design tool for Advanced Tailorable Composites (DATC) and launch it by 2025.
  • December 2022: Leading aerospace composite material kits supplier Velocity Composites announced its entry into the US aerospace market with the signing of an agreement with GKN Aerospace, expected to be worth more than USD 100 million in revenue over five years.

Aerospace Composites Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Fiber Type
    • 5.1.1 Glass Fiber
    • 5.1.2 Carbon Fiber
    • 5.1.3 Ceramic Fiber
    • 5.1.4 Other Fiber Types
  • 5.2 Application
    • 5.2.1 Commercial
    • 5.2.2 Military
    • 5.2.3 General Aviation
    • 5.2.4 Space
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.2 France
    • 5.3.2.3 Germany
    • 5.3.2.4 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 Latin America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Rest of Latin America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 South Africa
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Bally Ribbon Mills
    • 6.2.2 Mitsubishi Chemical Carbon Fiber and Composites Inc.
    • 6.2.3 Toho Tenax Co., Ltd.
    • 6.2.4 Toray Industries Inc.
    • 6.2.5 SGL Carbon SE
    • 6.2.6 Hexcel Corporation
    • 6.2.7 Solvay SA
    • 6.2.8 DuPont
    • 6.2.9 Royal Ten Cate N.V.
    • 6.2.10 Materion Corp.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Aerospace Composites Industry Segmentation

Aerospace composites are chosen for their ability to provide a combination of lightweight, high strength, corrosion resistance, and fatigue resistance. These characteristics make composites particularly suitable for applications where traditional materials like metals might be less efficient due to their weight or susceptibility to corrosion.

The aerospace composites market includes all applications of composites in military aircraft, commercial aircraft, general aviation aircraft, and spacecraft. Fiber type, application, and geography segment the aerospace composites market. By fiber type, the market is segmented into glass fiber, carbon fiber, ceramic fiber, and other fiber types. By application, the market is segmented into commercial aviation, military aviation, general aviation, and space. The report also covers the market sizes and forecasts for the aerospace composites market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Fiber Type Glass Fiber
Carbon Fiber
Ceramic Fiber
Other Fiber Types
Application Commercial
Military
General Aviation
Space
Geography North America United States
Canada
Europe United Kingdom
France
Germany
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America Brazil
Rest of Latin America
Middle East and Africa South Africa
United Arab Emirates
Rest of Middle East and Africa
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Aerospace Composites Market Research FAQs

How big is the Aerospace Composites Market?

The Aerospace Composites Market size is expected to reach USD 30.39 billion in 2025 and grow at a CAGR of 9.36% to reach USD 47.54 billion by 2030.

What is the current Aerospace Composites Market size?

In 2025, the Aerospace Composites Market size is expected to reach USD 30.39 billion.

Who are the key players in Aerospace Composites Market?

Toray Industries Inc., SGL Carbon SE, Hexcel Corporation, Solvay SA and DuPont are the major companies operating in the Aerospace Composites Market.

Which is the fastest growing region in Aerospace Composites Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Aerospace Composites Market?

In 2025, the North America accounts for the largest market share in Aerospace Composites Market.

What years does this Aerospace Composites Market cover, and what was the market size in 2024?

In 2024, the Aerospace Composites Market size was estimated at USD 27.55 billion. The report covers the Aerospace Composites Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Aerospace Composites Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Aerospace Composites Industry Report

Statistics for the 2025 Aerospace Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aerospace Composites analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.