Table of Content

1 INTRODUCTION 15
1.1 MARKET DEFINITION 15
1.2 INCLUSIONS AND EXCLUSIONS 15
1.3 STAKEHOLDERS 16
2 EXECUTIVE SUMMARY 17
3 MARKET OVERVIEW 21
3.1 INTRODUCTION 21
3.2 MARKET DYNAMICS 21
3.2.1 DRIVERS 22
3.2.1.1 Rising demand for new generation fuel-efficient air fleet 22
3.2.1.2 Rising demand for structural and performance-driven advanced composites in aerospace applications 22
3.2.1.3 High demand for lightweight composites from aerospace manufacturers 22
3.2.2 RESTRAINTS 23
3.2.2.1 Surge in tariff due to global trade war 23
3.2.3 OPPORTUNITIES 24
3.2.3.1 Reduction in cost of carbon fibers 24
3.2.3.2 Development of advanced software tools for aerospace composites 24
3.2.3.3 Increased demand for commercial aircraft 24
3.2.4 CHALLENGES 25
3.2.4.1 Recycling of composite materials 25
3.2.4.2 Liquidity crunch plaguing airlines 25
3.3 PORTER’S FIVE FORCES ANALYSIS 26
3.3.1 THREAT OF NEW ENTRANTS 27
3.3.2 THREAT OF SUBSTITUTES 27
3.3.3 BARGAINING POWER OF SUPPLIERS 27
3.3.4 BARGAINING POWER OF BUYERS 28
3.3.5 INTENSITY OF COMPETITIVE RIVALRY 28
3.4 SUPPLY CHAIN ANALYSIS 28
3.4.1 RAW MATERIAL 29
3.4.2 MANUFACTURING PROCESS 29
3.4.3 FINAL PRODUCT 29
3.5 ECOSYSTEM/MARKET MAP 30
3.6 TECHNOLOGY ANALYSIS 31
3.6.1 KEY TECHNOLOGIES 31
3.6.1.1 Additive manufacturing and robotics 31
3.6.1.2 Traditional molding 32
3.6.1.3 Automated lay-up 32
3.6.2 COMPLEMENTARY TECHNOLOGIES 33
3.6.2.1 Advanced placed ply 33
3.7 PATENT ANALYSIS 33
3.7.1 INTRODUCTION 33
3.7.2 METHODOLOGY 33
3.7.3 DOCUMENT TYPES 34
3.7.4 INSIGHTS 35
3.7.5 LEGAL STATUS 35
3.7.6 JURISDICTION ANALYSIS 35
3.7.7 TOP APPLICANTS 36
3.7.8 PATENTS BY BOEING 36
3.7.9 PATENTS BY AIRBUS OPERATIONS GMBH 37
3.8 KEY CONFERENCES AND EVENTS IN 2025–2026 38
3.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 39
3.10 IMPACT OF AI/GEN AI ON AEROSPACE COMPOSITES MARKET 40
3.10.1 TOP USE CASES AND MARKET POTENTIAL 40
3.10.2 CASE STUDIES OF AI IMPLEMENTATION IN AEROSPACE COMPOSITES MARKET 40
4 COMPETITIVE LANDSCAPE 41
4.1 OVERVIEW 41
4.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2025 41
4.3 REVENUE ANALYSIS 43
4.4 MARKET SHARE ANALYSIS 43
4.4.1 MARKET RANKING ANALYSIS 45
4.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 47
4.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 48
4.6.1 STARS 48
4.6.2 EMERGING LEADERS 48
4.6.3 PERVASIVE PLAYERS 49
4.6.4 PARTICIPANTS 49
4.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 50
4.6.5.1 Company footprint 50
4.6.5.2 Region footprint 51
4.6.5.3 Fiber type footprint 52
4.6.5.4 Matrix type footprint 53
4.6.5.5 Aircraft type footprint 54
4.6.5.6 Application footprint 55
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4.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 55
4.7.1 PROGRESSIVE COMPANIES 55
4.7.2 RESPONSIVE COMPANIES 55
4.7.3 DYNAMIC COMPANIES 56
4.7.4 STARTING BLOCKS 56
4.7.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 57
4.8 VALUATION AND FINANCIAL METRICS OF AEROSPACE COMPOSITE VENDORS 59
4.9 COMPETITIVE SCENARIO 60
4.9.1 PRODUCT LAUNCHES 60
4.9.2 DEALS 62
4.9.3 EXPANSIONS 72
4.9.4 OTHER DEVELOPMENTS 74
5 COMPANY PROFILE 75
5.1 KEY PLAYERS 75
5.1.1 HEXCEL CORPORATION 75
5.1.1.1 Business overview 75
5.1.1.2 Products offered 76
5.1.1.3 Recent developments 78
5.1.1.3.1 Product launches 78
5.1.1.3.2 Deals 79
5.1.1.3.3 Expansions 79
5.1.1.4 MnM view 80
5.1.1.4.1 Right to win 80
5.1.1.4.2 Strategic choices 80
5.1.1.4.3 Weaknesses and competitive threats 80
5.1.2 TORAY INDUSTRIES, INC. 81
5.1.2.1 Business overview 81
5.1.2.2 Products offered 82
5.1.2.3 Recent developments 84
5.1.2.3.1 Product launches 84
5.1.2.3.2 Deals 84
5.1.2.3.3 Expansions 85
5.1.2.4 MnM view 86
5.1.2.4.1 Right to win 86
5.1.2.4.2 Strategic choices 86
5.1.2.4.3 Weaknesses and competitive threats 86
5.1.3 TEIJIN LIMITED 87
5.1.3.1 Business overview 87
5.1.3.2 Products offered 88
5.1.3.3 Recent developments 90
5.1.3.3.1 Product launches 90
5.1.3.3.2 Deals 90
5.1.3.3.3 Expansions 91
5.1.3.4 MnM view 92
5.1.3.4.1 Right to win 92
5.1.3.4.2 Strategic choices 92
5.1.3.4.3 Weaknesses and competitive threats 92
5.1.4 SGL CARBON 93
5.1.4.1 Business overview 93
5.1.4.2 Products offered 94
5.1.4.3 Recent developments 95
5.1.4.3.1 Product launches 95
5.1.4.3.2 Deals 95
5.1.4.3.3 Expansions 96
5.1.4.3.4 Other developments 96
5.1.4.4 MnM view 96
5.1.4.4.1 Right to win 96
5.1.4.4.2 Strategic choices 97
5.1.4.4.3 Weaknesses and competitive threats 97
5.1.5 MITSUBISHI CHEMICAL GROUP CORPORATION 98
5.1.5.1 Business overview 98
5.1.5.2 Products offered 99
5.1.5.3 Recent developments 100
5.1.5.3.1 Product launches 100
5.1.5.3.2 Deals 100
5.1.5.3.3 Expansions 101
5.1.5.4 MnM view 101
5.1.5.4.1 Right to win 101
5.1.5.4.2 Strategic choices 101
5.1.5.4.3 Weaknesses and competitive threats 101
5.1.6 LEE AEROSPACE 102
5.1.6.1 Business overview 102
5.1.6.2 Products offered 102
5.1.6.3 MnM view 103
5.1.6.3.1 Right to win 103
5.1.6.3.2 Strategic choices 103
5.1.6.3.3 Weaknesses and competitive threats 103
5.1.7 COLLINS AEROSPACE 104
5.1.7.1 Business overview 104
5.1.7.2 Products offered 104
5.1.7.3 Recent developments 105
5.1.7.3.1 Deals 105
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5.1.7.4 MnM view 106
5.1.7.4.1 Right to win 106
5.1.7.4.2 Strategic choices 106
5.1.7.4.3 Weaknesses and competitive threats 106
5.1.8 SPIRIT AEROSYSTEMS, INC. 107
5.1.8.1 Business overview 107
5.1.8.2 Products offered 108
5.1.8.3 Recent developments 108
5.1.8.3.1 Deals 108
5.1.8.3.2 Expansions 110
5.1.8.3.3 Other developments 110
5.1.8.4 MnM view 110
5.1.8.4.1 Right to win 110
5.1.8.4.2 Strategic choices 110
5.1.8.4.3 Weaknesses and competitive threats 111
5.1.9 SYENSQO 112
5.1.9.1 Business overview 112
5.1.9.2 Products offered 113
5.1.9.3 Recent developments 115
5.1.9.3.1 Deals 115
5.1.9.3.2 Other developments 115
5.1.9.4 MnM view 116
5.1.9.4.1 Right to win 116
5.1.9.4.2 Strategic choices 116
5.1.9.4.3 Weaknesses and competitive threats 116
5.1.10 MATERION CORPORATION 117
5.1.10.1 Business overview 117
5.1.10.2 Products offered 118
5.1.10.3 Recent developments 118
5.1.10.3.1 Deals 118
5.1.10.4 MnM view 119
5.1.10.4.1 Right to win 119
5.1.10.4.2 Strategic choices 119
5.1.10.4.3 Weaknesses and competitive threats 119
5.1.11 AVIOR PRODUITS INT?GR?S INC. 120
5.1.11.1 Business overview 120
5.1.11.2 Products offered 120
5.1.11.3 Recent developments 121
5.1.11.3.1 Deals 121
5.1.11.4 MnM view 121
5.1.11.4.1 Right to win 121
5.1.11.4.2 Strategic choices 121
5.1.11.4.3 Weaknesses and competitive threats 121
5.1.12 GENERAL DYNAMICS CORPORATION 122
5.1.12.1 Business overview 122
5.1.12.2 Products offered 123
5.1.12.3 Recent developments 123
5.1.12.3.1 Other developments 123
5.1.12.4 MnM view 124
5.1.12.4.1 Right to win 124
5.1.12.4.2 Strategic choices 124
5.1.12.4.3 Weaknesses and competitive threats 124
5.1.13 3M 125
5.1.13.1 Business overview 125
5.1.13.2 Products offered 126
5.1.13.3 MnM view 127
5.1.13.3.1 Right to win 127
5.1.13.3.2 Strategic choices 127
5.1.13.3.3 Weaknesses and competitive threats 127
5.1.14 AERNNOVA AEROSPACE, S.A. 128
5.1.14.1 Business overview 128
5.1.14.2 Products offered 128
5.1.14.3 Recent developments 129
5.1.14.3.1 Deals 129
5.1.14.4 MnM view 130
5.1.14.4.1 Right to win 130
5.1.14.4.2 Strategic choices 130
5.1.14.4.3 Weaknesses and competitive threats 130
5.1.15 FDC COMPOSITES INC. 131
5.1.15.1 Business overview 131
5.1.15.2 Products offered 131
5.1.15.3 MnM view 131
5.1.15.3.1 Right to win 131
5.1.15.3.2 Strategic choices 131
5.1.15.3.3 Weaknesses and competitive threats 132
5.2 OTHER PLAYERS 133
5.2.1 ARRIS COMPOSITES, INC. 133
5.2.2 NORTHROP GRUMMAN 133
5.2.3 ABSOLUTE COMPOSITES 134
5.2.4 GKN AEROSPACE 134
5.2.5 SEKISUI AEROSPACE 135
5.2.6 ACP COMPOSITES, INC. 135
5.2.7 VX AEROSPACE 136
5.2.8 PIRAN ADVANCED COMPOSITES 136
5.2.9 GODREJ ENTERPRISES 137
5.2.10 KINECO KAMAN COMPOSITES INDIA 137
6 APPENDIX 138
6.1 RESEARCH METHODOLOGY 138
6.1.1 RESEARCH DATA 138
6.1.1.1 Secondary data 139
6.1.1.2 Primary data 139
6.1.2 RESEARCH ASSUMPTIONS 140
6.1.3 RESEARCH LIMITATIONS AND RISK ASSESSMENT 141
6.2 COMPANY EVALUATION MATRIX: METHODOLOGY 141
6.3 AUTHOR DETAILS 144



List of Figures

FIGURE 1 CARBON FIBER COMPOSITES SEGMENT DOMINATED OVERALL MARKET IN 2024 17
FIGURE 2 POLYMER MATRIX RECORDED LARGEST SHARE IN AEROSPACE
COMPOSITES MARKET IN 2024 18
FIGURE 3 AFP/ATL MANUFACTURING PROCESS ACCOUNTED FOR LARGEST
MARKET SHARE IN 2024 18
FIGURE 4 COMMERCIAL AIRCRAFT ACCOUNTED FOR LARGEST SHARE OF AEROSPACE COMPOSITES MARKET IN 2024 19
FIGURE 5 EXTERIOR APPLICATION DOMINATED AEROSPACE COMPOSITES MARKET IN 2024 19
FIGURE 6 NORTH AMERICA TO REGISTER HIGHEST CAGR IN AEROSPACE
COMPOSITES MARKET DURING FORECAST PERIOD 20
FIGURE 7 AEROSPACE COMPOSITES MARKET: MARKET DYNAMICS 21
FIGURE 8 AEROSPACE COMPOSITES MARKET: PORTER’S FIVE FORCES ANALYSIS 26
FIGURE 9 AEROSPACE COMPOSITES MARKET: SUPPLY CHAIN ANALYSIS 29
FIGURE 10 AEROSPACE COMPOSITES MARKET: KEY STAKEHOLDERS IN ECOSYSTEM 30
FIGURE 11 AEROSPACE COMPOSITES MARKET: ECOSYSTEM ANALYSIS 30
FIGURE 12 PATENT ANALYSIS, BY DOCUMENT TYPE, 2015–2025 34
FIGURE 13 PATENT PUBLICATION TREND, 2015?2025 34
FIGURE 14 AEROSPACE COMPOSITES MARKET: LEGAL STATUS OF PATENTS 35
FIGURE 15 CHINA AND US JURISDICTIONS REGISTERED HIGHEST NUMBER OF PATENTS 35
FIGURE 16 BOEING REGISTERED HIGHEST NUMBER OF PATENTS 36
FIGURE 17 REVENUE SHIFT AND NEW REVENUE POCKETS IN AEROSPACE
COMPOSITES MARKET 39
FIGURE 18 AEROSPACE COMPOSITES MARKET: REVENUE ANALYSIS OF TOP 5 PLAYERS 43
FIGURE 19 SHARES OF KEY PLAYERS IN AEROSPACE COMPOSITES MARKET 44
FIGURE 20 RANKING OF TOP FIVE PLAYERS IN AEROSPACE COMPOSITES MARKET 45
FIGURE 21 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY AEROSPACE
COMPOSITE PRODUCTS 47
FIGURE 22 AEROSPACE COMPOSITES MARKET: COMPANY EVALUATION
MATRIX (KEY PLAYERS), 2024 49
FIGURE 23 AEROSPACE COMPOSITES MARKET: COMPANY FOOTPRINT (15 COMPANIES) 50
FIGURE 24 AEROSPACE COMPOSITES MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 56
FIGURE 25 AEROSPACE COMPOSITES MARKET: EV/EBITDA OF KEY VENDORS 59
FIGURE 26 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK
BETA OF KEY VENDORS 59
FIGURE 27 HEXCEL CORPORATION: COMPANY SNAPSHOT 76
FIGURE 28 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 82
FIGURE 29 TEIJIN LIMITED: COMPANY SNAPSHOT 88
FIGURE 30 SGL CARBON: COMPANY SNAPSHOT 94
FIGURE 31 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY SNAPSHOT 98
FIGURE 32 SPIRIT AEROSYSTEMS, INC.: COMPANY SNAPSHOT 107
?
FIGURE 33 SYENSQO: COMPANY SNAPSHOT 113
FIGURE 34 MATERION CORPORATION: COMPANY SNAPSHOT 117
FIGURE 35 GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT 122
FIGURE 36 3M: COMPANY SNAPSHOT 126
FIGURE 37 AEROSPACE COMPOSITES MARKET: RESEARCH DESIGN 138

List of Tables

TABLE 1 BOEING’S NEW AIRCRAFT FORECAST, 2025–2044 25
TABLE 2 AEROSPACE COMPOSITE MARKET: PORTER’S FIVE FORCES ANALYSIS 26
TABLE 3 AEROSPACE COMPOSITES MARKET: ROLE OF COMPANIES IN ECOSYSTEM 31
TABLE 4 AEROSPACE COMPOSITES MARKET: TOTAL NUMBER OF PATENTS 34
TABLE 5 US: TOP 10 PATENT OWNERS IN LAST 10 YEARS 37
TABLE 6 AEROSPACE COMPOSITES MARKET: KEY CONFERENCES AND EVENTS 2025–2026 38
TABLE 7 TOP USE CASES AND MARKET POTENTIAL 40
TABLE 8 CASE STUDIES OF AI IMPLEMENTATION IN AEROSPACE COMPOSITES MARKET 40
TABLE 9 STRATEGIES ADOPTED BY AEROSPACE COMPOSITE MANUFACTURERS 41
TABLE 10 DEGREE OF COMPETITION: AEROSPACE COMPOSITES MARKET 44
TABLE 11 AEROSPACE COMPOSITES MARKET: REGION FOOTPRINT (15 COMPANIES) 51
TABLE 12 AEROSPACE COMPOSITES MARKET: FIBER TYPE FOOTPRINT (15 COMPANIES) 52
TABLE 13 AEROSPACE COMPOSITES MARKET: MATRIX TYPE FOOTPRINT (15 COMPANIES) 53
TABLE 14 AEROSPACE COMPOSITES MARKET: AIRCRAFT TYPE FOOTPRINT (15 COMPANIES) 54
TABLE 15 AEROSPACE COMPOSITES MARKET: APPLICATION FOOTPRINT (15 COMPANIES) 55
TABLE 16 AEROSPACE COMPOSITES MARKET: LIST OF KEY STARTUPS/SMES 57
TABLE 17 AEROSPACE COMPOSITES MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES 58
TABLE 18 AEROSPACE COMPOSITES MARKET: PRODUCT LAUNCHES JANUARY 2019–JUNE 2025 60
TABLE 19 AEROSPACE COMPOSITES MARKET: DEALS, JANUARY 2019–JUNE 2025 62
TABLE 20 AEROSPACE COMPOSITES MARKET: EXPANSIONS, JANUARY 2019–JUNE 2025 72
TABLE 21 AEROSPACE COMPOSITES MARKET: OTHER DEVELOPMENTS JANUARY 2019–JUNE 2025 74
TABLE 22 HEXCEL CORPORATION: COMPANY OVERVIEW 75
TABLE 23 HEXCEL CORPORATION: PRODUCTS OFFERED 76
TABLE 24 HEXCEL CORPORATION: PRODUCT LAUNCHES 78
TABLE 25 HEXCEL CORPORATION: DEALS 79
TABLE 26 HEXCEL CORPORATION: EXPANSIONS 79
TABLE 27 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW 81
TABLE 28 TORAY INDUSTRIES, INC.: PRODUCTS OFFERED 82
TABLE 29 TORAY INDUSTRIES, INC.: PRODUCT LAUNCHES 84
TABLE 30 TORAY INDUSTRIES, INC.: DEALS 84
TABLE 31 TORAY INDUSTRIES, INC.: EXPANSIONS 85
TABLE 32 TEIJIN LIMITED: COMPANY OVERVIEW 87
TABLE 33 TEIJIN LIMITED: PRODUCTS OFFERED 88
TABLE 34 TEIJIN LIMITED: PRODUCT LAUNCHES 90
TABLE 35 TEIJIN LIMITED: DEALS 90
TABLE 36 TEIJIN LIMITED: EXPANSIONS 91
TABLE 37 SGL CARBON: COMPANY OVERVIEW 93
TABLE 38 SGL CARBON: PRODUCTS OFFERED 94
TABLE 39 SGL CARBON: PRODUCT LAUNCHES 95
TABLE 40 SGL CARBON: DEALS 95
TABLE 41 SGL CARBON: EXPANSIONS 96
TABLE 42 SGL CARBON: OTHER DEVELOPMENTS 96
TABLE 43 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY OVERVIEW 98
TABLE 44 MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCTS OFFERED 99
TABLE 45 MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCT LAUNCHES 100
TABLE 46 MITSUBISHI CHEMICAL GROUP CORPORATION: DEALS 100
TABLE 47 MITSUBISHI CHEMICAL GROUP CORPORATION: EXPANSIONS 101
TABLE 48 LEE AEROSPACE: COMPANY OVERVIEW 102
TABLE 49 LEE AEROSPACE: PRODUCTS OFFERED 102
TABLE 50 COLLINS AEROSPACE: COMPANY OVERVIEW 104
TABLE 51 COLLINS AEROSPACE: PRODUCTS OFFERED 104
TABLE 52 COLLINS AEROSPACE: DEALS 105
TABLE 53 SPIRIT AEROSYSTEMS, INC.: COMPANY OVERVIEW 107
TABLE 54 SPIRIT AEROSYSTEMS, INC.: PRODUCTS OFFERED 108
TABLE 55 SPIRIT AEROSYSTEMS, INC.: DEALS 108
TABLE 56 SPIRIT AEROSYSTEMS, INC.: EXPANSIONS 110
TABLE 57 SPIRIT AEROSYSTEMS, INC.: OTHER DEVELOPMENTS 110
TABLE 58 SYENSQO: COMPANY OVERVIEW 112
TABLE 59 SYENSQO: PRODUCTS OFFERED 113
TABLE 60 SYENSQO: DEALS 115
TABLE 61 SYENSQO: OTHER DEVELOPMENTS 115
TABLE 62 MATERION CORPORATION: COMPANY OVERVIEW 117
TABLE 63 MATERION CORPORATION: PRODUCTS OFFERED 118
TABLE 64 MATERION CORPORATION: DEALS 118
TABLE 65 AVIOR PRODUITS INT?GR?S INC.: COMPANY OVERVIEW 120
TABLE 66 AVIOR PRODUITS INT?GR?S INC.: PRODUCTS OFFERED 120
TABLE 67 AVIOR PRODUITS INT?GR?S INC.: DEALS 121
TABLE 68 GENERAL DYNAMICS CORPORATION: COMPANY OVERVIEW 122
TABLE 69 GENERAL DYNAMICS CORPORATION: PRODUCTS OFFERED 123
TABLE 70 GENERAL DYNAMICS CORPORATION: OTHER DEVELOPMENTS 123
TABLE 71 3M: COMPANY OVERVIEW 125
TABLE 72 3M: PRODUCTS OFFERED 126
TABLE 73 AERNNOVA AEROSPACE, S.A.: COMPANY OVERVIEW 128
TABLE 74 AERNNOVA AEROSPACE, S.A.: PRODUCTS OFFERED 128
TABLE 75 AERNNOVA AEROSPACE, S.A.: DEALS 129
TABLE 76 FDC COMPOSITES INC.: COMPANY OVERVIEW 131
TABLE 77 FDC COMPOSITES INC.: PRODUCTS OFFERED 131
TABLE 78 ARRIS COMPOSITES, INC.: COMPANY OVERVIEW 133
TABLE 79 NORTHROP GRUMMAN: COMPANY OVERVIEW 133
TABLE 80 ABSOLUTE COMPOSITES: COMPANY OVERVIEW 134
TABLE 81 GKN AEROSPACE: COMPANY OVERVIEW 134
TABLE 82 SEKISUI AEROSPACE: COMPANY OVERVIEW 135
TABLE 83 ACP COMPOSITES, INC.: COMPANY OVERVIEW 135
TABLE 84 VX AEROSPACE: COMPANY OVERVIEW 136
TABLE 85 PIRAN ADVANCED COMPOSITES: COMPANY OVERVIEW 136
TABLE 86 GODREJ ENTERPRISES: COMPANY OVERVIEW 137
TABLE 87 KINECO KAMAN COMPOSITES INDIA: COMPANY OVERVIEW 137