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What fueled the previous growth in the aeroengine composites market?

In recent times, there has been a substantial escalation in the size of the aeroengine composites market. The market is anticipated to expand from $2.55 billion in 2024 to $2.98 billion in 2025, showcasing a compound annual growth rate (CAGR) of 16.8%. This substantial growth during the historic period is primarily due to factors such as the need for weight reduction, heightened demand for improved fuel efficiency, stringent emission regulation standards, and a greater focus on engine performance.

What will be the aeroengine composites market size in the future?

In the coming years, it’s anticipated that the aeroengine composites market size will witness a swift expansion. Estimated to reach a value of $4.85 billion in 2029 at a compound annual growth rate (CAGR) of 12.9%, several factors are contributing to this escalating growth during the forecast period. These factors include increasing demand for lightweight aircraft, the ongoing progress in enhancement of composite materials, stringent emission regulations, the surge in adoption of carbon fiber composites, and a heightened emphasis on eco-friendly aviation. Key trends for the forecast period encompass the incorporation of 3D printing into composite manufacturing, breakthroughs in nano-composites applied to aeroengines, the use of hybrid composite structures, creation of self-healing composites, and a strong focus on recycling and the circular economy within composite production.

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What main drivers are fueling expansion in the aeroengine composites market?

The aero-engine composites market is expected to be driven by a steady demand for engines that consume less fuel. These engines are going to decrease carbon dioxide emissions, in addition to minimizing the operating costs of airline companies. The continual increase in global oil demand in conjunction with diminishing reserves are the key factors elevating oil prices. Consequently, it fuels the need for engines with better fuel efficiency. Airlines could experience significant monetary savings through improved fuel usage. Aero-engine composites usage would contribute to a lighter aircraft weight, thereby, enhancing fuel efficiency. To illustrate, in April 2022, the US Department of Transportation responsible for the management and coordination of federal transportation initiatives, established new Corporate Average Fuel Economy (CAFE) standards. These standards oblige an average of roughly 49 mpg for passenger cars and light trucks by the model year 2026, targeting an 8% yearly fuel efficiency improvement for the model years 2024-2025 and 10% for 2026. This would equate to a nearly 10 mpg increase from the 2021 average. Thus, the persistent requirement for less-fuel consuming engines is spearheading the growth of the aero-engine composites market.

What key areas define the segmentation of the global aeroengine composites market?

The aeroengine composites market covered in this report is segmented –

1) By Type: Polymer Matrix Composites, Ceramic Matrix Composites, Metal Matrix Composites

2) By Component: Fan Blades, Fan Case, Guide Vanes, Shrouds, Other Components

3) By Application: Commercial Aircraft, Military Aircraft, General Aviation Aircraft

Subsegments:

1) By Polymer Matrix Composites (PMCs): Epoxy-Based Composites, Phenolic-Based Composites, Thermoplastic Composites

2) By Ceramic Matrix Composites (CMCs): Carbon Fiber Reinforced CMCs, Silicon Carbide Reinforced CMCs

3) By Metal Matrix Composites (MMCs): Aluminum Matrix Composites, Titanium Matrix Composites, Magnesium Matrix Composites

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Who are the dominant players expanding their reach in the aeroengine composites market?

Major companies operating in the aeroengine composites market include Solvay SA, Meggitt plc, Hexcel Corporation, Albany Engineered Composites Inc., Fischer Advanced Composite Components AG, General Electric Aircraft Engines, Rolls Royce plc, Safran SA, General Dynamics Corporation, GKN Ltd., Triumph Group Inc., Safran Aerospace Composites, Albany International Corp, Mitsubishi Heavy Industries Ltd., Dassault Aviation SA, Arconic Corporation, Aviation Industry Corporation of China Ltd., Aerojet Rocketdyne Holdings Inc., Moog Inc., Diehl Aerospace GmbH, Hexion Inc., Strongwell Corp, Huayuan Advanced Materials Co. Ltd., Toray Industries Inc., Teijin Ltd., Owens-Corning, SGL Carbon SE, Huntsman Corporation, Cytec Industries Inc., DuPont de Nemours Inc.

How are evolving market trends shaping aeroengine composites Strategies?

The rise of technologically advanced methods is a noteworthy trend gaining traction in the aeroengine composites market. Manufacturers are specifically focusing on advanced techniques for producing aeroengine composites that contribute to increased fuel efficiency and decreased CO2 emissions in engines. For instance, Toray Industries, Inc., a Japan-based advanced materials provider, introduced Toray Cetex TC1130 PESU in September 2024. This product boasts several advantages such as lightweight and full recyclability, making it perfect for use in aircraft interiors. It also demonstrates superior fire, smoke, and toxicity performance, as well as excellent impact resistance and durability, which are vital for adhering to the stringent safety regulations in the aerospace sector.

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Which regions are emerging as leaders in the aeroengine composites market?

North America was the largest region in the aeroengine composites market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the aeroengine composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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