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Aerospace Composites Market 2020 Industry Growth, size, Manufacturers, and Forecast Research Report to 2025

“The Aerospace Composites Market was valued at US$ 21307.1 million in 2019 and is projected to reach US$ 46243.84 million by 2025, at a CAGR of 11.7 percentage during the forecast period. In this study, 2019 has been considered as the base and 2020 to 2025 as the forecast period to estimate the market size for Aerospace Composites Market

Deep analysis about market status (2016-2019), competition pattern, advantages and disadvantages of products, industry development trends (2019-2025), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included. From raw materials to downstream buyers of this industry have been analysed scientifically. This report will help you to establish comprehensive overview of the Aerospace Composites Market

The Aerospace Composites Market can be split based on product types, major applications and regions.

By Fiber Type:
Carbon Fiber Composites
Ceramic Fiber Composites
Glass Fiber Composites

By Matrix Type:
Polymer Matrix
Ceramic Matrix
Metal Matrix

By Aircraft Type:
Commercial Aircraft
Business & General Aviation
Civil Helicopter
Military Aircraft


Key companies covered / Analyzed in the report are: Solvay
Toray Industries, Inc.
Mitsubishi Chemical Holdings
Hexcel Corporation
Teijin Limited
SGL Group
Spirit AeroSystems

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The report provides analysis & data at a regional level (North America, Europe, Asia Pacific, Middle East & Africa , Rest of the world) & Country level (13 key countries – The U.S, Canada, Germany, France, UK, Italy, China, Japan, India, Middle East, Africa, South America)

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Key questions Answered in the report:
1. What is the current size of the Aerospace Composites Market, at a global, regional & country level?
2. How is the market segmented, who are the key end user segments?
3. What are the key drivers, challenges & trends that is likely to impact businesses in the Aerospace Composites Market?
4. What is the likely market forecast & how will be impacted Aerospace Composites Market?
5. What is the competitive landscape, who are the key players?
6. What are some of the recent M&A, PE / VC deals that have happened in the Aerospace Composites Market?

The report also analysis the impact of COVID – 19 based on a scenario based modelling. This provides a clear view of how has COVID impacted the growth cycle & when is the likely recovery of the industry is expected to pre-covid levels.

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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.