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Europe Aerospace Composites Market Size (2024 - 2029)

The Europe Aerospace Composites Market is projected to experience significant growth over the forecast period, driven by the advantageous properties of composites such as temperature and chemical resistance, lightweight nature, and high stiffness. These characteristics contribute to their increasing application in aerospace components and structures, offering benefits like reduced maintenance, longer design life, and lower tooling and assembly costs. Additionally, heightened investments in the research and development of advanced composite materials by key industry players are further propelling the expansion of the market size in this region.

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Market Size of Europe Aerospace Composites Industry

Europe Aerospace Composites Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 5.53 Billion
Market Size (2029) USD 8.29 Billion
CAGR (2024 - 2029) 8.41 %
Market Concentration Medium

Major Players

Europe Aerospace Composites Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Aerospace Composites Market Analysis

The Europe Aerospace Composites Market size is estimated at USD 5.53 billion in 2024, and is expected to reach USD 8.29 billion by 2029, growing at a CAGR of 8.41% during the forecast period (2024-2029).

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 and longer design life, fewer parts, and reduced tooling and assembly costs are some of the reasons that drive the composites market in the aerospace industry. 

The increasing investments in the research and development (R&D) of advanced composite materials by several aerospace incumbents, like the General Electric Company, the Boeing Company, and Airbus SE, among others, are also supporting the growth of the Europe aerospace composites market.

Europe Aerospace Composites Industry Segmentation

Aerospace Composites are substances made up of two or more unique ingredients, one of which provides strength and the other stiffness. These composite materials offer a high strength-to-weight ratio, which indicates that they are extremely strong considering their weight.

The aerospace composites market includes all applications of composites in military aircraft, commercial aircraft, general aviation aircraft, and spacecraft.

The aerospace composites market is segmented by fiber Type, by application, and by geography. 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, military, general aviation, and space. The report also offers the market size and forecasts for five countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).

Fiber Type
Glass Fiber
Carbon Fiber
Ceramic Fiber
Other Fiber Types
Application
Commercial Aviation
Military Aviation
General Aviation
Space
Country
United Kingdom
France
Germany
Italy
Spain
Rest of Europe
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Europe Aerospace Composites Market Size Summary

The European aerospace composites market is poised for significant growth, driven by the increasing adoption of composite materials in aircraft manufacturing and space exploration. Composites are favored in the aerospace sector due to their advantageous properties, such as lightweight, high stiffness, and resistance to temperature and chemicals, which contribute to reduced maintenance and longer design life. The demand for new aircraft, spurred by rising air passenger traffic, is further propelling the market, as airlines seek to enhance fuel efficiency and reduce operational costs. The shift towards new-generation aircraft, which extensively utilize composites, underscores the market's positive trajectory. Key players in the aerospace industry, including Boeing, Airbus, and General Electric, are investing heavily in research and development to advance composite materials, supporting the market's expansion.

In addition to aircraft manufacturing, the European aerospace composites market is bolstered by the region's robust space exploration activities and satellite manufacturing initiatives. Germany, in particular, is experiencing growth due to increased investment in satellite-based R&D and government initiatives promoting the space economy. The use of composites in space launch vehicles, such as the Falcon9 and Ariane 6, highlights the material's versatility and importance in the aerospace sector. The market is characterized by intense competition among major players like Toray Industries, Hexcel Corporation, and Solvay SA, who are actively pursuing strategic acquisitions and collaborations to enhance their capabilities and develop advanced materials. These efforts are aimed at addressing current challenges and shaping the future of aerospace materials, ensuring the market's continued growth and innovation.

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Europe Aerospace Composites Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Fiber Type

      1. 2.1.1 Glass Fiber

      2. 2.1.2 Carbon Fiber

      3. 2.1.3 Ceramic Fiber

      4. 2.1.4 Other Fiber Types

    2. 2.2 Application

      1. 2.2.1 Commercial Aviation

      2. 2.2.2 Military Aviation

      3. 2.2.3 General Aviation

      4. 2.2.4 Space

    3. 2.3 Country

      1. 2.3.1 United Kingdom

      2. 2.3.2 France

      3. 2.3.3 Germany

      4. 2.3.4 Italy

      5. 2.3.5 Spain

      6. 2.3.6 Rest of Europe

Europe Aerospace Composites Market Size FAQs

The Europe Aerospace Composites Market size is expected to reach USD 5.53 billion in 2024 and grow at a CAGR of 8.41% to reach USD 8.29 billion by 2029.

In 2024, the Europe Aerospace Composites Market size is expected to reach USD 5.53 billion.

Europe Aerospace Composites Market Report Snapshots

Europe Aerospace Composites Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)