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Aerospace Composites Market by Type, by Resin Type, by Aircraft Type, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023

  • ID: 4600370
  • Report
  • April 2018
  • Region: Global
  • 155 Pages
  • Prescient & Strategic Intelligence Private Limited


  • Hexcel Corporation
  • Koninklijke Ten Cate bv
  • Quantum Composites
  • Royal DSM N.V.
  • Solvay S.A.
  • Teijin Limited
The aerospace composites market is projected to reach $4,234.4 million by 2023.

The market growth is mainly driven by the expanding commercial aircraft fleet worldwide, increasing demand for carbon fiber composites in aerospace applications, and growing application of composites in military aviation.

Glimpse of market segments

Based on type, the aerospace composites market is categorized into carbon fiber, glass fiber, aramid fiber, and others (ceramic fiber and metal fiber). Of these, carbon fiber has been the largest category in the market, with an estimated volume contribution of more than 45.0% in 2017. The largest share of the category is ascribed to its superior properties over other types, such as high tensile strength, high stiffness, exceptionally light-weight, and improved durability.

In terms of resin type, the aerospace composites market is categorized into thermoset, thermoplastic, and others (ceramic and metallic matrices). Among these, thermoset has been the dominant category in the market in terms of size. This can be ascribed to the increasing adoption of thermoset such as epoxy, phenolic, and polyester resins in the construction of aircraft.

On the basis of aircraft type, the aerospace composites market is categorized into commercial aircraft, business and general aviation aircraft, military aircraft, civil helicopter, and others (spacecraft). The commercial aircraft category has been leading the market, with an estimated revenue contribution of more than 50.0% in 2017. The large-scale production of these aircraft and increase in air travel worldwide is the major reason for the category’s largest share.

Based on application, the aerospace composites market is categorized into interior and exterior. During the forecast period, the consumption of aerospace composites is expected to witness higher growth for interior applications, with a CAGR of 10.7%, in terms of value and 9.8%, in terms of value. This can be attributed to the increase in adoption of composite materials for developing aesthetic and mechanically strong interior parts of aircraft, such as seat frames, cabin components, lavatories, and storage bins, in the aerospace industry.

North America reigns as the largest aerospace composites market

North America has been the largest aerospace composites market so far, with an estimated volume sales share of more than 35.0% in 2017. This can be ascribed to the presence of large number of composite material manufacturers such as Hexcel Corporation and Owens Corning in the region. Also, these companies are undergoing expansions and acquisitions in order to increase their composite product line. For instance, in June 2017, Hexcel Corporation acquired Structil SA, a producer and supplier of high-performance composites to the defense, aerospace, and industrial markets. With this acquisition, the company aims to expand its footprints in the next generation aerospace and industrial applications.

Europe is estimated to be the second largest aerospace composites market, with more than 25.0% volume sales contribution in 2017. The market in the region is powered by the presence of strong aircraft manufacturing companies such as Airbus SE, ArianeGroup, and European Satellite Navigation Industries. Further, in France, the production of aircraft is increasing owing to the increase in air travel and tourism in the country. Composites provide strong load carrying capacities to aircraft parts; thus, with the increase in production of aircraft, the demand for these also increases, leading to the growth of the market.

Emerging nations to offer huge growth opportunities

Emerging nations such as China and India, are among the fastest growing aviation markets in the world. This is mainly due to the growing economic prosperity in these countries, which is characterized by the rising middle-class population and growing disposable income. The increasing income level in these countries is encouraging people to opt for air travel more frequently, resulting in higher passenger traffic. The growing passenger traffic in these nations is consistently generating the demand for new commercial aircraft, which in turn is giving momentum to the sales of composites used in aircraft manufacturing, thus accelerating the aerospace composites market growth.

Aerospace composites market competitive landscape

Some of the major players operating in the global aerospace composites market are Toray Industries Inc., Teijin Limited, Koninklijke Ten Cate bv, Hexcel Corporation, Royal DSM N.V., SGL Group, Mitsubishi Chemical Corporation, Materion Aerospace Metal Composites, Renegade Materials Corporation, Quantum Composites, and Solvay S.A.
Note: Product cover images may vary from those shown


  • Hexcel Corporation
  • Koninklijke Ten Cate bv
  • Quantum Composites
  • Royal DSM N.V.
  • Solvay S.A.
  • Teijin Limited

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Type
1.3.2 Market Segmentation By Resin Type
1.3.3 Market Segmentation By Aircraft Type
1.3.4 Market Segmentation By Application
1.3.5 Market Segmentation By Geography
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit Value Volume
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents By Region By Industry Participant By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Type Carbon Fiber Glass Fiber Aramid Fiber Others
4.1.2 By Resin Type Thermoset Thermoplastic Others
4.1.3 By Aircraft Type Commercial Aircraft Business And General Aviation Civil Helicopter Military Aircraft Others
4.1.4 By Application Interior Exterior
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends Adoption Of Efficient Production Process
4.3.2 Drivers Expanding Commercial Aircraft Fleet Rising Demand For Carbon Fiber Composites In Aircraft Manufacturing Growing Application Of Composites In Military Aviation Impact Analysis Of Drivers On Market Forecast
4.3.3 Restraints High Price Of Composite Materials Impact Analysis Of Restraints On Market Forecast
4.3.4 Opportunities Emerging Nations To Offer Huge Growth Opportunities
Chapter 5. Global Market Size And Forecast
5.1 By Type
5.2 By Resin Type
5.3 By Aircraft Type
5.4 By Application
5.5 By Region
Chapter 6. North America Market Size And Forecast
6.1 By Type
6.2 By Resin Type
6.3 By Aircraft Type
6.4 By Application
6.5 By Country
Chapter 7. Europe Market Size And Forecast
7.1 By Type
7.2 By Resin Type
7.3 By Aircraft Type
7.4 By Application
7.5 By Country
Chapter 8. APAC Market Size And Forecast
8.1 By Type
8.2 By Resin Type
8.3 By Aircraft Type
8.4 By Application
8.5 By Country
Chapter 9. LATAM Market Size And Forecast
9.1 By Type
9.2 By Resin Type
9.3 By Aircraft Type
9.4 By Application
9.5 By Country
Chapter 10. MEA Market Size And Forecast
10.1 By Type
10.2 By Resin Type
10.3 By Aircraft Type
10.4 By Application
10.5 By Country
Chapter 11. Competitve Landscape
11.1 Competitive Benchmarking Of Key Players
11.2 Market Share Analysis Of Key Players
11.3 Global Strategic Developments Of Key Players
11.3.1 Mergers And Acquisitions
11.3.2 Product Launches
11.3.3 Partnerships
11.3.4 Client Wins
11.3.5 Other Developments
Chapter 12. Company Profiles
12.1 Hexcel Corporation
12.1.1 Business Overview
12.1.2 Product And Service Offerings
12.1.3 Key Financial Summary
12.2 Koninklijke Ten Cate Bv
12.2.1 Business Overview
12.2.2 Product And Service Offerings
12.2.3 Key Financial Summary
12.3 Teijin Limited
12.3.1 Business Overview
12.3.2 Product And Service Offerings
12.3.3 Key Financial Summary
12.4 Toray Industries Inc.
12.4.1 Business Overview
12.4.2 Product And Service Offerings
12.4.3 Key Financial Summary
12.5 Royal Dsm N.V.
12.5.1 Business Overview
12.5.2 Product And Service Offerings
12.5.3 Key Financial Summary
12.6 Sgl Group - The Carbon Company
12.6.1 Business Overview
12.6.2 Product And Service Offerings
12.6.3 Key Financial Summary
12.7 Mitsubishi Chemical Corporation
12.7.1 Business Overview
12.7.2 Product And Service Offerings
12.8 Materion Aerospace Metal Composites
12.8.1 Business Overview
12.8.2 Product And Service Offerings
12.9 Renegade Materials Corporation
12.9.1 Business Overview
12.9.2 Product And Service Offerings
12.10 Quantum Composites
12.10.1 Business Overview
12.10.2 Product And Service Offerings
12.11 Solvay S.A.
12.11.1 Business Overview
12.11.2 Product And Service Offerings
12.11.3 Key Financial Summary
Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources And References
Note: Product cover images may vary from those shown

  • Hexcel Corporation

  • Koninklijke Ten Cate bv

  • Teijin Limited

  • Toray Industries Inc.

  • Royal DSM N.V.

  • SGL Group - The Carbon Company

  • Mitsubishi Chemical Corporation

  • Materion Aerospace Metal Composites

  • Renegade Materials Corporation

  • Quantum Composites

  • Solvay S.A.

Note: Product cover images may vary from those shown