Lucintel Forecasts The Global Aerospace Composites Material Market To Reach $4 Billion By 2031

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According to a market report by Lucintel, the future of the global aerospace composites material market looks promising with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft types. The global aerospace composites materials market is expected to reach an estimated $4 billion by 2031 with a CAGR of 12% from 2024 to 2031. The major drivers for this market are growing demand for lightweight materials to increase fuel efficiency and growth of aircraft with high composites penetration such B787 and A350WXB.
A more than 150-page report to understand trends, opportunity and forecast in aerospace composites material market to 2031 by aircraft type (commercial aircraft, military aircraft, regional aircraft, general aviation, helicopter, and other aircraft types), reinforcement (carbon composites, glass composites, aramid composites, and other reinforcement types), manufacturing process (hand lay-up, AFP/ATL, RTM, injection molding, compression molding, and other manufacturing processes), type of structure (primary structure, interior, dry engine, and other structure types), ...
... component (wing, fuselage, empennage, engine, interior, rotor blade, radome, landing gear, and other components), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that carbon fiber based composites will remain the largest market during the forecast period. Increasing penetration of carbon composites in commercial aircraft, such as B787 and A350XWB is expected to drive the demand for this segment over the forecast period from 2024 to 2031.
Within the aerospace composites market, commercial aircraft will remain the largest market by value and volume consumption followed by military aircraft.
By type of structure, primary structure will remain the largest market by value and volume due to higher composite consumption.
Download sample by clicking on aerospace composites material market.
Europe will remain the largest region during the forecast period due to a higher demand for newer aircraft and the ongoing replacement of an aging fleet.

Hexcel, Syensqo, Toray Industries, Teijin, Zodiac Aerospace, Spirit Aerosystem (Boeing) are the major suppliers in the aerospace composites material market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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