According to Fact.MR, a market research and competitive intelligence provider, the global aerospace composites market is projected to reach a valuation of US$ 41.4 billion in 2023. The market is anticipated to grow at a compound annual growth rate (CAGR) of 9.0% from 2023 to 2033.

Composite materials are becoming increasingly vital in aerospace component manufacturing. With growing concerns over fuel consumption in conventional aircraft, there is a rising demand for lightweight, high-performance materials. This has created opportunities for composite manufacturers to innovate and produce advanced materials that enhance the efficiency and performance of aircraft components.

Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=6509

Carbon fiber composite materials are predominantly used in aircraft component manufacturing due to their high modulus, high tensile strength, and low thermal expansion properties.

The demand for aerospace composites is expected to grow, driven by factors such as increasing tourism, the rise in air travel, the emergence of low-cost airlines, and the growing need for fuel-efficient aircraft. Beyond aviation, composites are also essential in the manufacturing of satellites, payloads, and spacecraft. These materials are chosen for their superior strength and ability to withstand extreme temperatures, making them ideal for reinforcing solid rocket motors and pressure tanks used for fuel and gas storage in spaceflight vehicles.

Key Takeaways from Market Study

The global aerospace composites market is expected to grow at 9.0% CAGR and to hold a valuation of US$ 98.1 billion in 2033
The market has experienced a growth rate of 6.5% for the period of 2018–2022
Under the fiber type segment, carbon fiber is widely used for the production of aerospace composites and held a valuation of US$ 15.2 billion in 2022
North America dominated the aerospace composites market with 27.1% market share in 2022
Based on region, demand for aerospace composites is estimated to increase at CAGRs of 9.3% and 8.9%, respectively in Europe and East Asia
Soaring Aviation Industry is Likely to Aid the Expansion of the Aerospace Composites Market Globally says a Fact.MR analyst.

Get Customization on this Report for Specific Research Solution:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=6509

Key Companies Profiled in Aerospace Composites Market Report

Albany Engineering Composites
BASF SE
Hexcel Corporation
Mitsubishi Chemical Holdings
SGL Group Spirit
Solvay
Market Development

Leading aerospace composites manufacturers such as AeroSystem, Hexcel Corporation, Mitsubishi Chemical Holdings, SGL Group, Spirit AeroSystems, Solvay, Teijin Limited, and Toray Industries, Inc. are strategically expanding their market presence through forward integration and efforts to strengthen their market positions.

These manufacturers are heavily investing in research and development and collaborating with raw material suppliers to meet the specific needs of the aerospace industry. Government support has also played a crucial role in promoting the use of aerospace composites in aircraft component manufacturing.

In August 2022, Solvay partnered with Wichita State University’s National Institute for Aviation Research (NIAR) to establish a manufacturing innovation center. This center will serve as a testing ground for exploring the benefits of new composite material forms and manufacturing technologies, ultimately contributing to the development of lighter, safer, and more sustainable aircraft.

Segmentation of Aerospace Composites Industry Research

By Fiber :
Carbon Fiber
Ceramic Fiber
Glass Fiber
By Matrix :
Polymer Matrix
Ceramic Matrix
Metal Matrix
By Application :
Interiors
Exteriors
By Manufacturing Process :
AFP (Automated Fiber Placement)/ ATL (Automated Tape Layup)
Layup
Resin Transfer Molding
Filament Winding
By Aircraft Type :
Commercial Aircraft
Business & General Aviation
Civil Helicopters
Military Aircrafts
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
Read More: https://www.factmr.com/report/aerospace-composites-market

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global aerospace composites market, presenting historical market data (2018–2022) and forecast statistics for the period of 2023–2033.

The study reveals essential insights on the basis of fiber (carbon fiber, ceramic fiber, glass fiber), matrix (polymer matrix, ceramic matrix, metal matrix), application (interiors, exteriors), manufacturing process (AFP (automated fiber placement)/ ATL (automated tape layup), layup, resin transfer molding, filament winding), application (commercial aircraft, business & general aviation, civil helicopters, military aircraft) and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: [email protected]