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The latest market report published by Acute Market Reports, Inc. “Aerospace Composites Market, By Fiber Type (Carbon Fiber, Glass Fiber, Aramid, and Others), By Application (Interior and Exterior Application), By Resin type (Epoxy, Phenolic, Polyester, Polyamide, and Thermoplastics) and By Region (North America, Europe, Asia Pacific, Latin America, & Middle East & Africa) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global aerospace composites market was valued at US$ 18.5 Bn in 2016, and is expected to reach US$ 36.20 Bn by 2025, expanding at a CAGR of 8.5% from 2017 to 2025.
Market Insights
Aerospace industry has now switched to composite from plastics due to their attractive mechanical and chemical properties. Aerospace composites finds its application in commercial & business aircraft, helicopters, and space sectors. Factors such as increasing air passenger traffic, rising use of composite in emerging economies, and increase in number of low cost carriers are driving the market for aerospace composites market.
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Composite materials offer several benefits such as lightweight structures which enables weight savings, lower fuel consumption and greater range which enhance the performance of the aircraft. Hence, composites are becoming increasingly popular among the market players for innovative methods of delivering additional value to its end-users. However, high cost of raw material and production and non-biodegradability aspect of reinforced polymers is expected to restrain market growth in coming years.
Competitive Insights
Aerospace composite market is extremely fragmented and competitive in nature with large number of players operating in this market. With the rise in the use of composite in the aerospace industry players are focusing on providing customized and innovative solution to the giants such as Airbus and Boeing to gain the competitive edge. Major players such as Solvay group, Hexcel Corp, Teijin and other are focusing on enhancement of their market in several emerging economies and attract a high volume of consumers during the forecast period. Joint ventures and Merger and acquisition are the major strategies which are being used by several players for the expansion.
For the purpose of this study, the global aerospace composite market by fiber type is categorized into:
Carbon Fiber
Glass Fiber
Aramid Fiber
Others
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For the purpose of this study, the global aerospace composite market by application is categorized into:
Interior Application
Exterior Application
On the basis of geography, the global aerospace composite market is segmented as per following regions and countries
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America is the largest market with a share of approximately 34.0%, in terms of value, of the global market in 2016; followed by Europe. Asia-Pacific is an emerging aerospace composites market, in terms of value and also the second fastest growing region. Growth in the aerospace composite market can be attributed to properties such as lightweight which help to reduce the aircraft weight that enables enhanced performance and operational capabilities as well as reduced costs. The
Key Trends
– Economies such as Europe and Asia-Pacific offers huge growth potential
– Decrease in Manufacturing and Assembling Cost of aircrafts
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Table of Content:
Chapter 1. Preface ……..
Chapter 2. Executive Summary ……..
Chapter 3 Global Aerospace Composites Market Dynamics ……..
Chapter 4 Global Aerospace Composites Market, by Fiber type
4.1 Overview
5.1.1 Global Aerospace Composites Market Volume & Revenue Share, by Fiber type, 2016 & 2025 (% Value)
4.2 Carbon Fiber
4.2.1 Global Aerospace Composites Market Volume & Revenue, by Carbon Fiber, 2016 – 2025 (Kilotons/US$ Bn)
4.3 Glass Fiber
4.3.1 Global Aerospace Composites Market Volume & Revenue, by Glass Fiber, Revenue, 2016 – 2025 (Kilotons/US$ Bn)
4.4 Aramid
4.4.1 Global Aerospace Composites Market Volume & Revenue, by Aramid, 2016 – 2025 (Kilotons/US$ Bn)
4.5 Others
4.5.1 Global Aerospace Composites Market Volume & Revenue, by Others, 2016 – 2025 (Kilotons/US$ Bn)
Chapter 5 Global Aerospace Composites Market Analysis, by Application
5.1 Overview
5.1.1 Global Aerospace Composites Market Volume & Revenue Share, by Application, 2016 & 2025 (% Value)
5.2 Interior Applications
5.2.1 Global Aerospace Composites Market Volume & Revenue, by Interior Applications, 2016 – 2025 (Kilotons/US$ Bn)
5.3 Exterior Applications
5.3.1 Global Aerospace Composites Market Volume & Revenue, by Exterior Applications, 2016 – 2025 (Kilotons/US$ Bn)
Chapter 6 Global Aerospace Composites Market, by Resin type
6.1 Overview
6.1.1 Global Aerospace Composites Market Volume & Revenue Share, by Resin type, 2016 & 2025 (% Value)
6.2 Epoxy
6.2.1 Global Aerospace Composites Market Volume & Revenue, by Epoxy Resin, 2016 – 2025 (Kilotons/US$ Bn)
6.3 Phenolic
6.3.1 Global Aerospace Composites Market Volume & Revenue, by Phenolic Resin, Revenue, 2016 – 2025 (Kilotons/US$ Bn)
6.4 Polyester
6.4.1 Global Aerospace Composites Market Volume & Revenue, by Polyester, 2016 – 2025 (Kilotons/US$ Bn)
6.5 Polyamide
6.5.1 Global Aerospace Composites Market Volume & Revenue, by Polyimide, 2016 – 2025 (Kilotons/US$ Bn)
6.6 Thermoplastics
6.6.1 Global Aerospace Composites Market Volume & Revenue, by Thermoplastics, 2016 – 2025 (Kilotons/US$ Bn) ……..
Chapter 8 Company Profiles
8.1 Cytec Solvay Group
8.2 Royal Ten Cate N.V.
8.3 Teijin Limited
8.4 Dupont
8.5 Hexcel Corp
8.6 Celanese Corp.
8.7 Gurit Holding AG
8.8 Senior plc
8.9 Huntsman Corp.
8.10 GKN Aerospace
8.11 Spirit Aerosystems Holdings Inc
8.12 Koninklijke TenCate NV
8.13 Owens Corning
8.14 SGL Group
8.15 Toray Industries Inc.
………………… toc continued
Browse the full Aerospace Composites Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at https://www.acutemarketreports.com/report/aerospace-composites-market
Research methodology applied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Aerospace Composites market specific to key segments, and regional segmentation.
a. Secondary Research
Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global Aerospace Composites market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Aerospace Composites market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Aerospace Composites market study.
b. Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
The participants tracked for primary interviews include:
• Marketing/product managers
• Vice President/ CEOs
• National sales managers
• Market intelligence managers
• Distributors
• Purchasing managers
• Other stakeholders
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