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Aerospace Composites Market 2020: Emerging Trends, Revenue Estimation, Global Size and Forecast Report to 2023

In 2017, the global aerospace composites market generated a value of $2,376.7 million and is predicted to attain a value of $4,234.4 million in 2023, advancing at a 10.1% CAGR during the forecast period (2018–2023). The market is growing due to the wide applications of composites in military aviation, expanding commercial aircraft fleet, and increasing requirement for carbon fiber composites in aircraft manufacturing. Composites are utilized in different aerospace applications such as nacelles, engine blades, brackets, and interiors, as they play a vital role in decreasing the weight of the aircraft.

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On the basis of type, the aerospace composites market is classified into aramid fiber, carbon fiber, glass fiber, and others (which include metal fibers and ceramic fibers). Out of these, the carbon fibers classification held the largest share of the market during the historical period (2013–2017) and is further projected to dominate the market during the forecast period, in terms of volume. This is due to the several beneficial properties of this composite, such as fire-resistance, heat-resistance, high stiffness, and exceptional load carrying properties, which are leading to its increased demand.

When aircraft type is taken into consideration, the aerospace composites market is categorized into military aircraft, commercial aircraft, civil helicopter, business & general aviation, and others (which include spacecraft that is designed to fly in outer space). Among these, the commercial aircraft category dominated the market during the historical period, in terms of value, which is ascribed to the large-scale production of commercial aircraft around the world. The civil helicopter category is expected to register the highest value CAGR of 11.1% CAGR during the forecast period.

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The expanding commercial aircraft fleet is a key driving factor of the aerospace composites market. As per the International Air Transport Association, the global aviation traffic is predicted to reach 7.8 billion passengers by 2036. This is ascribed to the growing travel & tourism industry, lower air fares, and improving living standards in developing countries, primarily Asian countries such as India and China. It is due to this swift growth in passenger traffic that the primary airlines across the world are investing for the expansion of their fleet size by ordering new aircraft.

Another major factor which is resulting in the growth of the aerospace composites market is the wide applications of composites in military aviation. While before the requirement for composite materials in military aviation was limited to the replacement of the metal parts of aircraft, composite materials are now being utilized for a majority of airframe structure of a military aircraft because of their high chemical, mechanical, and thermal strength. Glass and carbon fiber composites are the primarily utilized composite materials in military aircrafts.

The adoption of efficient productions process is a key trend in the aerospace composites market. At the present time, a large number of composites are manufactured by the autoclave process, which makes use of pressurized vessels at high temperature and pressure for manufacturing composite materials. However, this process takes a large amount of time, energy, and cost, which increases the overall cost of the composite material. The out of autoclave process is a more efficient composite manufacturing process that includes the manufacturing of composites within a closed mold through pressurizing and heating, without the use of autoclaves.

Hence, the market is witnessing growth due to the expansion of the commercial aircraft fleet and extensive applications of composites in military aviation.

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Aerospace Composites Market Analysis, Growth Opportunities And Latest Trends By Leading Regions, And Manufacturers From 2020 To 2026

The Aerospace Composites market research report provides essential statistics on the market position of the Aerospace Composites manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. The report provides a basic summary of the Aerospace Composites industry including its definition, applications and manufacturing technology. The report presents the company profile, product specifications, capacity, production value, and market shares for key vendors.

The overall market is split by the company, by country, and by application/type for the competitive landscape analysis. The report estimates market development trends of Aerospace Composites industry. Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out. The Aerospace Composites market report makes some important proposals for a new project of Aerospace Composites Industry before evaluating its feasibility.

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Key segments covered in Aerospace Composites market report: Major key companies, product type segment, end use/application segment and geography segment.

The information for each competitor includes:

  • Company Profile
  • Main Business Information
  • SWOT Analysis
  • Sales, Revenue, Price and Gross Margin
  • Market Share
  • For a complete companies list, please ask for sample pages. 

Company segment, the report includes global key players of Aerospace Composites as well as some small players:

  • SOLVAY GROUP
  • HEXCEL.
  • ROYAL TENCATE N.V.
  • TEIJIN FIBERS
  • TORAY INDUSTRIES
  • SGL GROUP-THE CARBON
  • OWENS CORNING
  • MATERIONORATION

For product type segment, this report listed the main product type of Aerospace Composites market

  • CelaneseCarbon Fiber
  • Glass Fiber
  • Aramid Fiber
  • Epoxy
  • Phenolic
  • Others

For end use/application segment, this report focuses on the status and outlook for key applications. End users are also listed.

  • Commercial Aviation
  • Military Aerospace

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This report covers the following regions:

  • North America (US and Canada)
  • Europe (UK, Germany, France and Rest of Europe)
  • Asia Pacific (China, Japan, India and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (GCC and Rest of Middle East & Africa)

Key Questions Answered in the Report:

  • What is the size of the overall Aerospace Composites Market and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Aerospace Composites Market and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Market?
  • What is the Aerospace Composites Market size at the regional and country-level?
  • Who are the key market players and their key competitors?
  • Market value- chain and key trends impacting every node with reference to companies
  • What are the strategies for growth adopted by the key players in Aerospace Composites Market?
  • How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness, and market capitalization?
  • How financially strong are the key players in Aerospace Composites Market (revenue and profit margin, market capitalization, expenditure analysis, investment analysis)?
  • What are the recent trends in Aerospace Composites Market? (M&A, partnerships, new product developments, expansions)

We also can offer a customized report to fulfill the special requirements of our clients. Regional and Countries report can be provided as well.

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