Market Share of Aerospace Composites Industry
The aerospace composites market is semi-consolidated, wherein prominent players in the market occupy the majority of the market share: Toray Industries Inc., SGL Carbon SE, Hexcel Corporation, Solvay SA, and DuPont.
The partnerships of the companies with OEMs for the development of components and parts of the aircraft to increase the profitability of the end user are expected to open new market opportunities to the existing players. Also, investments of companies in advanced composites for space-based applications may help increase their market presence. For instance, in February 2023, Toray Industries Inc. supplied the Japan Aerospace Exploration Agency's (JAXA, Tokyo) H3 launch vehicle - the successor to its H-IIA rocket - with Torayca carbon fiber and prepreg. Such developments will be fueling the growth of the market during the forecasted period.
Aerospace Composites Market Leaders
Toray Industries Inc.
SGL Carbon SE
Hexcel Corporation
Solvay SA
DuPont
*Disclaimer: Major Players sorted in no particular order
