Market Research Report
Composites in the Aerospace Market Report: Trends, Forecast and Competitive Analysis
|Published by||Lucintel||Product code||948323|
|Published||Content info||311 Pages
Delivery time: 1-2 business days
|Composites in the Aerospace Market Report: Trends, Forecast and Competitive Analysis|
|Published: June 1, 2020||Content info: 311 Pages||
The future of the global aerospace composite materials market looks promising with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft markets. The global aerospace composites materials market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $3.3 billion by 2025 with a CAGR of 5% to 7% from 2020 to 2025. The major drivers for this market are growing demand for lightweight materials to increase fuel efficiency and growth of aircraft with high composites penetration such B787 and A350WXB.
An emerging trend, which has a direct impact on the dynamics of the industry, includes the recycling of advanced composites. Hexcel, Cytec Solvay Group, Toray, Gurit, and Teijin are among the major suppliers of aerospace composites materials.
A total of 174 figures / charts and 48 tables are provided in this 311-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of aerospace composite material market report purchase our report.
The study includes a forecast of the growth opportunities for the composites in the global aerospace market by aircraft type, reinforcement type, manufacturing process, type of structure, component, and region as follows:
By Aircraft Type [Volume (M lbs) and Value ($ Million) from 2014 to 2039]:
By Reinforcement Type [Volume (M lbs) from 2014 to 2025]:
By Manufacturing Process [Volume (M lbs) from 2014 to 2025]:
By Type of Structure [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
By Component [Volume (M lbs) from 2014 to 2025]:
By Region [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
Some of the aerospace composite materials companies profiled in this report include: Hexcel, Cytec Solvay Group, Toray, Gurit, and Teijin.
In this market, carbon fiber, glass fiber, and aramid fiber are used to fabricate various aircraft components. On the basis of our comprehensive research, Lucintel forecasts that carbon fiber based composites will remain the largest market during the forecast period. Increasing penetration of carbon composites in commercial aircraft, such as B787 and A350XWB is expected to drive the demand for this segment over the forecast period from 2020 to 2025.
Within the aerospace composites market, commercial aircraft will remain the largest market by value and volume consumption followed by military aircraft.
By type of structure, primary structure will remain the largest market by value and volume due to higher composite consumption.
North America will remain the largest region during the forecast period due to a higher demand for newer aircraft and the ongoing replacement of an aging fleet.
This report answers following 11 key questions: