The projected growth of the Aerospace Composites Market Size is USD 67.599 billion by 2032, showcasing a compound annual growth rate (CAGR) of 13.75% during the forecast period (2023 - 2032). The rapid expansion of aerospace composites' presence in the aerospace sector, along with their utilization in unique components, serves as a key driver fueling market growth.
In March 2022, Mitsubishi Chemical Corporation, a Japanese manufacturer specializing in various chemicals and materials, announced its intention to acquire c-m-p GmbH, a German Carbon Fiber Prepreg manufacturer. This acquisition is expected to enhance Mitsubishi Chemical Corporation's presence in the carbon fiber composites market.
In January 2022, Teijin Limited, a Japanese manufacturer known for a wide range of fibers and materials, revealed plans to acquire Renegade Materials Corporation, a US-based producer of composite materials primarily serving the aerospace sector.
Aerospace Composites Type Outlook
Aerospace Composites Application Outlook
Aerospace Composites Regional Outlook
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