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

The Asia-Pacific Aerospace Composites Market Report is Segmented by Application (Commercial Aircraft, Military Aircraft, General Aviation Aircraft, and Space) and Geography (China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

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

Asia-Pacific Aerospace Composites Market Size

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Asia-Pacific Aerospace Composites Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 7.85 Billion
Market Size (2030) USD 12.31 Billion
CAGR (2025 - 2030) 9.40 %
Market Concentration Medium

Major Players

Asia-Pacific Aerospace Composites Market Major Players

*Disclaimer: Major Players sorted in no particular order

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

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Asia-Pacific Aerospace Composites Market Analysis

The Asia-Pacific Aerospace Composites Market size is estimated at USD 7.85 billion in 2025, and is expected to reach USD 12.31 billion by 2030, at a CAGR of 9.4% during the forecast period (2025-2030).

Asia-Pacific is the fastest-growing region in the world for aviation activities. With the air-passenger traffic growing rapidly and the airlines increasing their fleet size, the market for aerospace composites in the region is growing rapidly, and the growth is expected to continue during the forecast period. In addition, in the military segment, several nations in the region are procuring newer generation aircraft which have a greater percentage of composites.

Several new aircraft developed by the players in the region are being built with increasingly higher compositions of composite materials. Reduced maintenance, longer design life, fewer parts, and reduced tooling and assembly costs are some of the reasons that are driving the adoption of composites in aerospace manufacturing. However, factors such as supply chain disruptions and liquidity crunch can hinder the growth of the market.

Asia-Pacific Aerospace Composites Industry Overview

The Asia-Pacific aerospace composites market is semi-consolidated, wherein prominent players occupy the majority of the market share. Some of the prominent players in the market are Toray Industries Inc., Harbin Hafei Airbus Composite Manufacturing Centre Co. Ltd, Mitsubishi Chemical Carbon Fiber and Composites Inc., Hexcel Corporation, and TATA Advanced Materials Limited. As aerospace component manufacturing increases in the Asia-Pacific region, local players are partnering with aircraft OEMs for the indigenous development of components and parts of the aircraft to reduce overall manufacturing costs. This is opening new market opportunities for the local players in the region to grow in the market. Also, companies' investments in advanced composites for space-based applications may help them increase their market presence in the Asia-Pacific in the years to come.

Asia-Pacific Aerospace Composites Market Leaders

  1. Harbin Hafei Airbus Composite Manufacturing Centre Co., Ltd.

  2. Toray Industries Inc.

  3. Mitsubishi Chemical Carbon Fiber and Composites Inc.

  4. Hexcel Corporation

  5. TATA Advanced Materials Limited

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

Mar 2023: Airbus delivered the first A321neo aircraft assembled at its final assembly line in Asia (FAL Tianjin) to China’s Juneyao Air airline in Tianjin, China. The A321 variant makes extensive use of weight-saving composites supplied by Hexcel Corporation.

Nov 2022: GAMECO and THALES signed an industrial collaboration agreement to further cooperation in MRO activities. Thales will continue providing support to GAMECO in the areas of aircraft maintenance, the procurement distribution of aviation supplies, technical documentation, and Test Program Sets (TPS).

Asia-Pacific 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 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Commercial Aircraft
    • 5.1.2 Military Aircraft
    • 5.1.3 General Aviation Aircraft
    • 5.1.4 Space
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 Australia
    • 5.2.1.6 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Harbin Hafei Airbus Composite Manufacturing Centre Co., Ltd.
    • 6.1.2 Mitsubishi Chemical Carbon Fiber and Composites Inc.
    • 6.1.3 TATA Advanced Materials Limited.
    • 6.1.4 Toho Tenax (Teijin Carbon Europe GmbH)
    • 6.1.5 Toray Industries Inc.
    • 6.1.6 Korea Composites Inc.
    • 6.1.7 SGL Carbon SE
    • 6.1.8 Hexcel Corporation
    • 6.1.9 Solvay SA
    • 6.1.10 DuPont
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Asia-Pacific 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 Asia-Pacific Aerospace Composites Market is segmented by Application (Commercial Aircraft, Military Aircraft, General Aviation Aircraft, and Space) and Geography (China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific). The report offers the market size in value terms in USD for all the abovementioned segments.

Application Commercial Aircraft
Military Aircraft
General Aviation Aircraft
Space
Geography Asia-Pacific China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
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Asia-Pacific Aerospace Composites Market Research FAQs

How big is the Asia-Pacific Aerospace Composites Market?

The Asia-Pacific Aerospace Composites Market size is expected to reach USD 7.85 billion in 2025 and grow at a CAGR of 9.40% to reach USD 12.31 billion by 2030.

What is the current Asia-Pacific Aerospace Composites Market size?

In 2025, the Asia-Pacific Aerospace Composites Market size is expected to reach USD 7.85 billion.

Who are the key players in Asia-Pacific Aerospace Composites Market?

Harbin Hafei Airbus Composite Manufacturing Centre Co., Ltd., Toray Industries Inc., Mitsubishi Chemical Carbon Fiber and Composites Inc., Hexcel Corporation and TATA Advanced Materials Limited are the major companies operating in the Asia-Pacific Aerospace Composites Market.

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

In 2024, the Asia-Pacific Aerospace Composites Market size was estimated at USD 7.11 billion. The report covers the Asia-Pacific Aerospace Composites Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Aerospace Composites Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Aerospace Composites Industry Report

Statistics for the 2025 Asia-Pacific Aerospace Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific 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.

Asia-Pacific Aerospace Composites Market Report Snapshots