The Global Aerospace Composite Materials Market was valued at USD 19.78 Billion in 2023 and is projected to reach USD 33.19 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2030). This robust growth is driven by increasing demand for fuel-efficient aircraft, the expansion of next-generation military and space programs, and the accelerating adoption of lightweight and high-performance materials across commercial, defense, and general aviation sectors.
As the aviation industry intensifies its focus on reducing carbon emissions and improving operational efficiency, the spotlight is on the key materials suppliers who are driving innovation, performance, and sustainability. In this blog, we profile the Top 10 Companies in the Aerospace Composite Materials Market—a mix of chemical conglomerates, specialty material producers, and composite innovators defining the next generation of aircraft structures.
🔟 1. Hexcel Corporation
Headquarters: Stamford, Connecticut, USA
Key Offering: Carbon fibers, prepregs, adhesives, and honeycomb cores
Hexcel is a world-leading advanced composites company, specializing in carbon fiber reinforcements and resin systems for primary and secondary aircraft structures. Their products are used in wings, fuselages, and engine components for major commercial and military aircraft programs worldwide. Hexcel’s materials enable weight savings of up to 30% compared to traditional aluminum structures.
Innovation & Market Position:
- Leading supplier for Airbus A350 and Boeing 787 composite structures
- Advanced thermoset and thermoplastic composite systems
- Strategic partnerships with OEMs for next-gen aircraft development
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9️⃣ 2. Solvay SA
Headquarters: Brussels, Belgium
Key Offering: Carbon fiber prepregs, thermoplastic composites, and adhesive films
Solvay is a global leader in advanced materials, offering a comprehensive portfolio of composite solutions for aerospace applications. The company provides materials for primary structures, interiors, and engine components, with a focus on high-temperature performance and sustainability.
Innovation & Market Position:
- Pioneer in high-performance thermoplastics for aerospace
- Comprehensive range of cyanate ester and epoxy systems
8️⃣ 3. Toray Industries, Inc.
Headquarters: Tokyo, Japan
Key Offering: TORAYCA® carbon fibers, prepregs, and composite parts
Toray Industries is the world’s largest manufacturer of carbon fibers, supplying materials for aircraft structures, space applications, and sporting goods. Their aerospace division serves all major aircraft manufacturers with advanced composite materials.
Innovation & Market Position:
- Global carbon fiber production capacity exceeding 30,000 tons annually
- Key supplier for Boeing 787 Dreamliner composite components
7️⃣ 4. Teijin Limited
Headquarters: Tokyo, Japan
Key Offering: Carbon fibers, prepregs, and composite structures
Teijin is a global technology company providing advanced composite solutions for aerospace applications. Their Tenax® carbon fibers and thermoplastic composites are used in primary structures and interior components.
Innovation & Market Position:
- Leading supplier of carbon fiber for aerospace and defense applications
- Development of recyclable thermoplastic composites for sustainable aviation
6️⃣ 5. Mitsubishi Chemical Group Corporation
Headquarters: Tokyo, Japan
Key Offering: Pyrofil® carbon fibers, prepregs, and composite materials
Mitsubishi Chemical is a major player in the carbon fiber and composite materials market, supplying materials for aerospace, automotive, and industrial applications.
Innovation & Market Position:
- Advanced carbon fiber technologies for high-performance aerospace applications
- Focus on large-tow carbon fibers for cost-effective composite solutions
Download FREE Sample Report: Aerospace Composite Materials Market – View in Detailed Research Report
5️⃣ 6. Royal Ten Cate (Toray Advanced Composites)
Headquarters: Almelo, Netherlands
Key Offering: Advanced thermoset and thermoplastic composites, carbon fabrics
Royal Ten Cate, now part of Toray Industries, specializes in advanced composite materials for aerospace and defense. Their products include prepregs, sandwich structures, and composite components.
Innovation & Market Position:
- Leading supplier of composite materials for military and space applications
- Development of out-of-autoclave (OOA) technologies for cost reduction
4️⃣ 7. SGL Carbon SE
Headquarters: Wiesbaden, Germany
Key Offering: Carbon fibers, composite materials, and carbon/carbon composites
SGL Carbon is a global leader in carbon-based solutions, providing composite materials for aircraft structures, braking systems, and engine components.
Innovation & Market Position:
- Specialized in carbon fiber reinforcements and composite components
- Key supplier for aircraft brake discs and structural components
Innovation & Market Position:
- Development of lightweight carbon fiber composites for aerospace applications
3️⃣ 8. Owens Corning
Headquarters: Toledo, Ohio, USA
Key Offering: Fiberglass reinforcements, composite materials, and insulation productsOwens Corning is a leading global producer of glass fiber reinforcements and composite materials for aerospace applications.
Innovation & Market Position:
- Leading supplier of fiberglass reinforcements for aerospace composite applications
- Focus on cost-effective composite solutions for interior and secondary structures
2️⃣ 9. Materion Corporation
Headquarters: Mayfield Heights, Ohio, USA
Key Offering: Beryllium-aluminum alloys, metal matrix composites, and engineered materialsMaterion provides advanced material solutions for aerospace, including beryllium alloys and metal matrix composites for high-performance applications.
Innovation & Market Position:
- Specialized in high-performance metal matrix composites and beryllium alloys
1️⃣ 10. Renegade Materials Corporation
Headquarters: Miamisburg, Ohio, USA
Key Offering: High-temperature prepregs, adhesives, and composite materialsRenegade Materials specializes in high-temperature composite materials for aerospace applications, including engine components and thermal protection systems.
Innovation & Market Position:
- Leading supplier of high-temperature composite materials for aerospace engines and hot structures.
Innovation & Market Position:
- Development of polyimide and bismaleimide resin systems for extreme environments
Get Full Report Here: Aerospace Composite Materials Market – View in Detailed Research Report
🔬 Outlook: The Future of Aerospace Composite Materials Is Lighter and Smarter
The aerospace composite materials market is experiencing a fundamental transformation. While traditional aluminum structures still dominate in certain applications, the industry is increasingly adopting composite materials for their superior strength-to-weight ratio, corrosion resistance, and design flexibility.
📈 Key Trends Shaping the Market:
- Rising adoption of thermoplastic composites for recyclability and faster production cycles
- Increasing demand for carbon fiber composites in next-generation narrow-body aircraft programs
- Emerging applications in urban air mobility (UAM) and electric vertical takeoff and landing (eVTOL) aircraft
- Development of digital twin technologies for composite manufacturing and maintenance
Get Full Report Here: Aerospace Composite Materials Market – View in Detailed Research Report
The companies listed above are not only enabling advanced aircraft manufacturing—they’re spearheading the lightweight revolution in aerospace.
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