How big is the Aerospace Composites Market?

The Aerospace Composites Market size is expected to reach USD 27.79 billion in 2024 and grow at a CAGR of 9.36% to reach USD 43.47 billion by 2029. Read More

What is the current Aerospace Composites Market size?

In 2024, the Aerospace Composites Market size is expected to reach USD 27.79 billion. Read More

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. Read More

Which is the fastest growing region in Aerospace Composites Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aerospace Composites Market?

In 2024, the North America accounts for the largest market share in Aerospace Composites Market. Read More

What years does this Aerospace Composites Market cover, and what was the market size in 2023?

In 2023, the Aerospace Composites Market size was estimated at USD 25.19 billion. The report covers the Aerospace Composites Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aerospace Composites Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Aerospace Composites Market Share

Statistics for the 2023 & 2024 Aerospace Composites market share, created by Mordor Intelligence™ Industry Reports. Aerospace Composites share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Aerospace Composites Industry

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.