Global Aerospace Composites Market

Global Aerospace Composites Market

Posted by: Nilesh (Business) 17 April 2019

Global Aerospace Composites Market was valued US$ 11.9 Bn and is projected to reach US$ 25.3 Bn by 2026 at a CAGR of 9.8 % during forecast.

Phenomenal properties such as lightweight materials, high order backlog of aircraft deliveries, high penetration of composite materials in aircraft structures, improving their lift-to-weight ratio, excellent strength, good stiffness-to-density ratios, stability at high temperature, longer durability and superior physical properties, which make them ideal materials for the aerospace hence driving the market. The market for aerospace composites is mainly driven by commercial aircraft s coupled with military and defense activities.

Global Aerospace Composites Market

Thermosetting resins is dominating aerospace composites market constituting more than half market. Epoxy and phenolics in aircraft internal structures provides various benefits such as resistance to corrosives and solvents, fatigue strength, excellent adhesion, resistance to high temperature and heat, and excellent finishing. Thermosetting resins are expected to mark high growth over the forecast period. Superior impact toughen of thermoset resins such as improved mechanical strength, high corrosion-resistance, and low-weight, over other resin types, have contributed to its increasing liability across varied aerospace utilities.

Based on fiber, aerospace composite can be segmented into carbon, ceramic, aramid and glass. Carbon fiber composites segment is predicted to lead the aerospace composites market during the forecast period. Due to its properties such as superior heat-resistance, fire-resistance, high stiffness, and exceptional load carrying properties increasing demand from the military and commercial aerospace segment.

Based on aircraft type aerospace composites market is divided into commercial aircraft business and general aviation aircraft military aircraft civil helicopter, and others (spacecraft).Commercial Aircraft has been leading the global market contributes almost half of market. Military aircraft will be second leading segment.

Increasing use of aerospace composites in the commercial and military aircraft is the key reason driving the growth of the North America’s aerospace composites market. Presence of major aerospace manufacturers and mass production of aerospace parts using aerospace composites are driving the growth of the North American aerospace composites market. North America will mark a higher CAGR in a coming forecast period. Owing to development led by countries like China India and Japan Asia Pacific will be marking a pace growth to market. Middle East & Africa is also anticipated to have a growth owing to growing number of maintenance, repair, and operational activities in the region.

Owen Corning Solvay, Hexcel Corporation, Royal Ten Cate, Teijin Limited, and Toray Industries Bally Ribbon Mills, DuPont, Cytec C Solvay Group, Hexcel, SGL Carbon, Toray Industries, Toho Tenax, Mitsubishi Chemical Carbon Fiber Composites are some of key players of aerospace composite market.
Scope of the Global Aerospace Composites Market

Global Aerospace Composites Market By Resin Type:

• Thermosetting
• Epoxy
• Phenolics
• Polyester
• Polyimides
Global Aerospace Composites Market By Fiber Type:

• Glass
• Carbon
• Ceramic
• Aramid

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Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors
Report Published by: Maximize Market Research

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