Worldwide Aerospace Composites Market Size was valued at around USD 25.21 billion in the year 2017 and is estimated to reach up to USD XX.XX billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 7.35% during the forecast period, i.e. 2017-2025.

Worldwide Aerospace Composites Market Growth Opportunities (Revenue, Growth) By 2017-2025

Aerospace composites materials are projected to cross 70.5 kilo tons in 2025. Aerospace Composites are the materials that have played a major role in weight reduction, and hence they are used for both structural applications and components of all spacecraft and aircraft from gliders and hot air balloon gondolas to fighter planes, space shuttle and passenger airliners

Market Dynamics

Aerospace Composites market was valued at around USD 25.21 billion in the year 2017, to grow exponentially during the forecast period. The market is primarily driven by increasing use of aerospace composites in various commercial aircrafts, and reducing in the manufacturing of aircraft assembling costs. Similarly, replacement of old aircraft and escalation in production to expedite processing of purchase order backlogs and development of fuel-efficient aircraft.

However, the issues related to the recyclability, and lack of standardization in manufacturing technologies would impede the market growth during the forecast period. In addition, the opportunities aerospace composites owning to Development of Advanced Software Tools for Aerospace Composites, and need for reducing the cost of carbon fibers.

Segment Analysis 

Based on fiber type, the Aerospace Composites market is segments as Carbon, Glass, and Ceramic. Carbon fibers reinforce the use of manufacture aerospace composites across the globe. There is an increasing demand for carbon fiber composites in the aerospace and defense aircraft, owing to their lightweight, high inherent strength, weather-resistant finish, and variety in surface textures offered.

On the basis of resin type, the aerospace composites market is segmented as Epoxy, Phenolic, Polyester, Polyimides, Thermoplastics, Ceramic and Metal Matrix. The global aerospace composites market is segmented Commercial aircraft, Business & General Aviation, Civil Helicopter, Military aircraft, and others.

Regional Analysis

North America is anticipated to hold the major market share in the global aerospace composites market, owing to increasing use of aerospace composites in the commercial and military aircraft. Additionally, the presence of major aerospace manufacturers and mass production of aerospace parts using aerospace composites to also support the market growth.  

Worldwide Aerospace Composites Market Size, Share Analysis By Region 2017

Additionally, Europe is second largest region in the Aerospace Composites market. This growth is mainly attributed to the growing application in the automotive, wind turbine manufacturing and aerospace & defense industry. Rapid growth of the wind energy production industry in Germany and Spain is expected to drive the demand for composites over the forecast period with the industry expected to register a CAGR of 4.7% over the forecast period.

Global Aerospace Composites Market Study Objective

1. To forecast the market size of aerospace composites market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of aerospace composites market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of aerospace composites market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of aerospace composites market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the aerospace composites market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of aerospace composites market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of aerospace composites market commercially.

Key Players

Major players operating in global Aerospace Composites market include Royal Ten Cate (Netherlands), Toray Industries, Ltd. (Japan), Teijin Ltd. (Japan), Hexcel Corporation (US), SGL Group (Germany), and Solvay Group (Belgium).

Global Aerospace Composites Market Study Report Offer You!

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