From GlobeNewswire: 2024-05-29 01:00:00

The Global Aero Engine Composite Material Market is expected to grow from $2.9 billion in 2023 to $6.1 billion by 2033, with a CAGR of 7.72%. The demand for composite materials in aero engines is rising due to fuel efficiency and environmental regulations driving the aerospace industry. North America leads the market, with Asia Pacific seeing the fastest growth.

In the Aero Engine Composite Material Market, the commercial aircraft segment dominates, driven by demand for narrowbody aircraft and composite materials like carbon fibre fan blades. The engine casing segment is also growing rapidly, with lightweight materials increasing fuel efficiency and performance. Major players like GE Aviation are driving innovation in this market.

Major players in the Aero Engine Composite Material Market include Materion Corporation, Hexcel Corporation, and Solvay. Recent market developments include Hexcel’s successful contribution to the Airbus 321XLR. The market is segmented by application (commercial, military, general aviation) and component (fan blades, engine casing), with regional analysis for North America, Europe, Asia Pacific, and more.

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