US Defense Composites Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

US Defense Composites Industry Overview

There are several players in the market that are directly involved in providing composite materials to military equipment and are involved in research and development programs for the integration of composites. Solvay SA, Hexcel Corporation, Toray Industries Inc., DuPont, and The NORDAM Group LLC are some of the prominent players in this market that are expected to hold a significant share in the coming years. The long-term contracts of composite manufacturing companies with military equipment manufacturers and government research programs are expected to support the companies in increasing their shares in the market. For instance, in September 2020, Solvay was awarded a five-year material supply contract for Lockheed Martin's F-35 fighter jet. The contract extends Solvay's long-standing partnership on the F-35 program and underlines the company's leadership in composite and adhesive technologies for defense platforms. Furthermore, there has been an increase in consolidation in the market as the companies are acquiring companies that will complement their product portfolios and further enhance their footprint in the market. In this regard, in February 2020, DuPont announced that the company had successfully completed the acquisition of Tex Tech's Core Matrix Technology, a monolithic fabric structure that can significantly help in the reduction of back face trauma while increasing ballistic and fragmentation performance for military and law enforcement personnel.