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    Aeroengine Cfrp Market Report

    Aeroengine Cfrp Market Report
    Report code - SR2886 Published On : May,2024 No. of Pages: 140
    Aeroengine CFRP Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppo See more...

    “The Aeroengine CFRP Market size was US$ 969 Million in 2023 and is likely to grow at an impressive CAGR of 5.1%, in the long run, to reach US$ 1,609 Billion in 2030”.

    Market Dynamics


    Initially concentrating on small parts, major aircraft programs have begun to delve into research & development for the creation of composite parts such as fan cases and blades. After 2010, there was rapid growth in the manufacturing and utilization of composites in parts like fan blades, and cases, for instance: GE90 emerged as the key engine that incorporated several composite parts, and GEnx is following suit with several composite applications, especially in the fan section, and other key engines are CF-6 and CF-34), the demand for composites was also driven by increased production of composite rich engines (LEAP and GEnx). Engine manufacturers have been increasing the usage of composites in aeroengines to drive fuel efficiency and engine bypass ratio enhancement.

    Recent Market JVs and Acquisitions:

    A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:

    • GE-Safran JV for CFAN: The partnership was created to introduce composite fan blades in a GE90 engine that powers the Boeing 777.  It has leveraged the success of this product to introduce additional fan blades on the GEnx Engines.
    • GE-Safran JV for CFM: CFM is the world's largest commercial aircraft engine manufacturer. It has delivered around 37,500 engines to more than 570 operators including CFM56 and LEAP engines.
    • In 2022, Parker acquired Meggitt: Meggitt’s complementary product portfolio and geographic footprint significantly enhanced Parker’s capabilities, positioning them to provide a broader suite of solutions for aircraft and aeroengine components and systems.
    • In 2019, Albany acquired Circomp GmBH: CirComp specializes in designing and manufacturing customized engineered composite parts for aerospace and other applications. The company became part of the Albany Engineered Composites (AEC) business unit.
    • In 2018, Northrop Grumman acquired Orbital ATK: The acquisition of Orbital ATK by Northrop Grumman marks a strategic alignment aimed at leveraging enhanced technical and financial resources. This move underscores a commitment to operational excellence and pursuing new opportunities in the aerospace & defense industry.

    Recent Product Development:

    • Rolls-Royce aims to launch Ultrafan, the largest demonstrator aeroengine in the world that contains a suite of new technologies that deliver greater fuel efficiency (25% more than the first-gen Trent).
    • The 3D-woven RTM carbon fiber composites used for the fan blade & case of the LEAP engine reduce engine weight by 500 lbs. per engine.
    • The GEnx engine introduced by GE reduced the blade count down to 18 (previously 22 in GE90).

    Market Segments' Analysis


    List of Sub-Segments

    Segments with High Growth Opportunity

    Application-Type Analysis

    Fan Blade & Case, Outlet Guide Vane, Spacer/Platform, and Others.

    Fan blade & case is the biggest user of CFRPs in aeroengines.

    Aircraft-Type Analysis

    Civil Aircraft and Military Aircraft.

    The civil aircraft claimed a higher market share in 2023.

    Process-Type Analysis

    Prepreg Autoclave, Resin Transfer Molding (RTM), and Others.

    Prepreg is the dominant process and RTM is the fastest-growing process.

    Resin-Type Analysis

    Epoxy, Bismaleimide (BMI), Cyanate Ester (CE), Polyimide (PI) and Others.

    Epoxy is the dominant resin mainly used in the coldest section of fans; the applications include fan case & blade.

    Engine-Type Analysis

    Turbofan, Turboprop and Others (Piston, Turbojets, etc.).

    Turbofan engines have the largest and fastest-growing market.

    Region Analysis

    North America, Europe, Asia-Pacific, and Rest of the World.

    North America is the dominant region, serving as the primary hub for key players in the industry.


    By Application Type

    Fan blade & case is expected to remain the widely used application in the market during the forecast period followed by OGV and Others.”

    • Composite fan blades & cases lead the market, meeting aerospace industry priorities for fuel efficiency, emissions reduction, and performance. Key engines, such as LEAP, GEnx, and GE90, are using composite fan blades.
    • Composite fan blades are 66% lighter than titanium fan blades (GE90 engine) and fan cases are 30% lighter than aluminum fan cases (LEAP engine).
    • OGV is another strong composite application in aeroengines. BMI is preferred in OGVs, due to its outstanding heat resistance and minimal thermal expansion coefficient. 

    By Aircraft Type

    Civil Aircraft is expected to remain the dominant aircraft in the market during the forecast period.

    • The increasing demand for civil aircraft is driving growth in both, narrow-body and wide-body aircraft programs.
    • The aircraft category is primarily equipped with turbofan engines, leading to an increased utilization of composite parts.
    • Today, almost all the major aeroengines used in commercial aircraft programs contain composites. However, a handful of those drive the demand for composites.

    By Process Type

    Prepreg layup is the dominant process, whereas RTM remains the fastest-growing process during the forecast period”.

    • Prepreg layup is the traditional process that ensures outstanding durability and surface quality. Produces parts with uniform resin distribution and minimized voids. Except for GE, other major engine makers mainly rely on the prepreg layup process.
    • RTM, as the partnership between Albany and Safran, has propelled the role of RTM technology in the market.

    By Resin Type

    “Epoxy resin is anticipated to lead the market, followed by BMI and polyimide”.

    • Epoxy offers high strength, excellent adhesion, and chemical resistance properties, gaining preference in the fan section.
    • BMI is gaining momentum in the market due to its exceptional performance in high-temperature applications. Key parts like OGVs, VBV ducts, and exhaust flaps.

    By Engine Type

    Turbofan is estimated to remain the most popular engine for CFRPs”.

    • The demand for CFRPs in turbofans is driven by the increasing delivery of civil aircraft, which mainly includes narrow-body and wide-body programs like the A320Neo, B737Max, B787, B777, and B767.
    • Leading companies, such as Hartzell, MT Propellers, and Dowty, are prominently engaged in the production of composite propellers for turboprop engines.

    Regional Analysis

    North America is expected to remain the largest market for Aeroengine CFRPs during the forecast period”.

    • North America is the hub of key players such as Albany, GE, Meggitt, and CFAN.
    • M&A activities in North America are reshaping the competitive landscape [Parker acquired Meggitt, Melrose acquired GKN, etc.]

    Key Players

    The market is highly fragmented with the presence of over 15 players. Most of the major players compete in some of the governing factors including price, technology, long-term relationships, service offerings, regional presence, etc. The following are the key players in the aeroengine CFRP market.

    Here is the list of the Top Players (Based on Dominance)

    • Albany International Corp
    • GE Aerospace
    • CFAN
    • Parker Meggitt
    • GKN Aerospace
    • Northrop Grumman
    • FACC
    • IHI
    • Rolls-Royce


    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The global aeroengine CFRP market is segmented into the following categories. 

    Aeroengine CFRP Market, by Application Type

    • Fan Blade & Case (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Outlet Guide Vane (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Spacer/Platform (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)

    Aeroengine CFRP Market, by Aircraft Type

    • Civil Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)

    Aeroengine CFRP Market, by Process Type

    • Prepreg Autoclave (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Resin Transfer Molding (RTM) (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)

    Aeroengine CFRP Market, by Resin Type

    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Bismaleimide (BMI) (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Cyanate Ester (CE) (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Polyimide (PI) (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)

    Aeroengine CFRP Market, by Engine Type

    • Turbofan (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Turboprop (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)

    Aeroengine CFRP Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China Singapore, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: The Middle East, Latin America, and Others)

    Research Methodology

    • This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aeroengine CFRP market realities and future market possibilities for the forecast period. 
    • The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
    • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
    • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
    • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
    • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    RTM and prepreg are preferred technologies. 3D-RTM technology is used for the development of aeroengine composites for LEAP engines, making it the fastest-growing process.

    The aeroengine CFRP is reaching new market heights (US$ 1,609 million market size in 2030). Upcoming engines (Ultrafan and GE9X) are likely to create new revenue pockets for the industry stakeholders.

    The aeroengine CFRP market is estimated to grow at a CAGR of 5.1% by 2030, driven by a growing trend toward using composite fan blades & cases (GE90, GEnx, LEAP, TrentXWB, F135, and GE9x).

    Increase in the production of key engines (LEAP, GEnx, GE9x, and Ultrafan), increasing usage of composites in aeroengines to drive fuel efficiency, and stable demand for turboprop engines with composite propellers.

    Aisa-Pacific is the fastest-growing market. IHI Corporation is one of the leading players. Anticipated to evolve in the coming years, particularly in China.

    Albany International Corp, GE Aerospace, Parker Meggitt, CFAN, GKN Aerospace, FACC, Northrop Grumman, Rolls Royce, and IHI are the leading players in the aeroengine CFRP market.

    Fan blades & case is expected to be dominant in the market in the coming years, due to the increased usage of composites, driven by the industrys need to provide more fuel-efficient aircraft, predominantly through lighter, more efficient parts.

    Resin Transfer Molding (RTM) will emerge as the front-runner in aeroengine composites, anticipating rapid growth in the wake of its adoption in the LEAP engines fan section.


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