business news

Aerospace Composites - Industry Size 2019 | Market Opportunities, Share Analysis up to 2025

A new report on Aerospace Composites market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Aerospace Composites market in tandem with its competitive terrain.

Global aerospace composites are expected to cross 70 thousand tons till 2024. Continuously rising demand for commercial aircrafts along with growing defense sector will primarily drive the growth over the forecast timespan. Rising passenger traffic travelling by air across the globe will also have a positive impact on the aerospace composites market .

Aerospace Composites Market is estimated to surpass USD 5 billion by 2024; according to a new research report

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/12495

Carbon fiber will account for highest revenue share in the industry crossing USD 3.5 billion till 2024. Rising demand from commercial airline operators for their external structural operations will support the aerospace composites market dominance. These external operations are the primary & secondary aircraft structures that include wings, fuselage, undercarriage, and propulsion systems. Reduction in the raw material cost for production of carbon fiber will further escalate the aerospace composites market growth.

Aerospace Composites - Industry Size 2019 | Market Opportunities, Share Analysis up to 2025
Aerospace Composites - Industry Size 2019 | Market Opportunities, Share Analysis up to 2025

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/12495

Huge investments by various governments in aerospace business will spur the aerospace composites market growth till 2024. The economies that are witnessing rapid growth in aerospace industry are forecasted to possess robust growth prospects over the coming years. These investments will contribute significantly towards the high revenue generation over the next eight years. However, complex manufacturing processes may hamper the aerospace composites market growth.

Aramid fiber will grow at over 7% CAGR from 2017 to 2024 owing to the provision of all-weather operation of commercial aircrafts and an enhanced vision system. Moreover, the features such as temperature stability and durability will further support the aerospace composites market growth over the coming years.

Advanced fiber recycling, especially for carbon fiber will be witnessed as an emerging trend over the coming years. The significant potential demand of reclaimed fibers can be attributed to their high value, recovered high strength, and high modulus aerospace grade fibers that retain better properties. One of the key innovations is the complete digitization of the aerospace industry. This includes real-time resource planning & allocation and high-tech enabled equipment and engines that notify the maintenance staff & operations centers during issues in the aircrafts.

Thermosetting resins is anticipated to dominate the industry with over 75% revenue share and will generate over 52 thousand tons till 2024. The high revenue generation can be attributed to numerous benefits such as resistance to high temperatures, fatigue strength, enhanced finishing, excellent adhesion, and resistance to solvents & corrosives. High usage of Epoxy and Phenolics in aircraft internal structures will further support the aerospace composites market dominance. Thermoplastics will exhibit approximately 9% CAGR over the forecast timeframe owing to higher shelf life as compared to its counterpart. Less requirement of curing time and easy molding into various shapes will further escalate the growth of aerospace composites market.

Commercial aircraft is expected to dominate the aerospace composites market with 52% revenue share over the next eight years owing to rising usage of composites, especially carbon fiber in these aircrafts. Increasing expenditure in defense will support the high revenue generation till 2024. Military aircrafts will grow exponentially owing to the rising investments in military aviation across the globe. For instance, the military aviation sector in India is expected to invest approximately USD 35 billion over the next 20 years.

Exterior applications will account for over USD 3 billion over the forecast timeline owing to the extensive usage of aerospace composites in exterior structural aircraft applications. The use of composites enables for 20% weight reduction along with low production time and higher damage tolerance during the production. Interior application will grow at over 8% CAGR from 2017 to 2024. Increased fuel efficiency and higher passenger comfort are among the key factors fueling the growth of aerospace composites market from interior application.

North America aerospace composites market is anticipated to cross USD 2 billion, capturing almost 40% revenue share till 2024. Higher consumer spending along with the constant ageing of commercial aircraft are among the primary factors influencing the overall product penetration in the region. Additionally, huge investments in defense sector in developed countries such as U.S. will induce immense potential to the regional growth. Asia Pacific aerospace composites market will witness highest growth rate over the forecast timeframe owing to rising demand of commercial aircrafts across the region, especially in the emerging economies including China.

Airbus, Boeing, BASF, E. I. du Pont de Nemours, Huntsman International, Lee Aerospace, and Hindustan Aeronautics are among the prominent players in the aerospace composites market. Other notable players include ACT Aerospace, Gurit Holding AG, Hexcel, Cytec Industries, Teijin Ltd, and Axioms Materials.

aerospace composites market players focus on aircraft commercialization and extensive utilization of carbon fiber for their product enhancement. For instance, Boeing and Airbus are shifting their focus on commercialization of their advanced passenger aircrafts with wide body that use considerable amount of carbon fiber in their structures, therefore escalating the aerospace composites market demand.

Aerospace Composites market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2013 to 2024, for the following segments:

Aerospace Composites Market by Fiber

Glass

Carbon

Ceramic

Aramid

Others

Aerospace Composites Market by Resin

Thermosetting resins

Epoxy

Phenolics

Polyester

Polyimides

Others

Thermoplastic resins

Semi crystalline

Amorphous

Polyether ether Ketone (PEEK)

Aerospace Composites Market by Aircraft

Commercial aircraft

Single engine piston

Business aircraft

Military aircraft

Helicopters

Space

Others

Aerospace Composites Market by Application

Interior

Exterior

Major Highlights from Table of contents are listed below for quick lookup into Aerospace Composites Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Aerospace Composites Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Aerospace Composites Market Statistical model and forecast
  • Industry insights and validation
  • Aerospace Composites Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Aerospace Composites industry 360º synopsis - 2025
  • Aerospace Composites Business trends
  • Region trends

Chapter 5. Aerospace Composites industry Insights

  • Aerospace Composites Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Aerospace Composites Market Growth potential analysis

Request Customization on This Report @ https://www.cuereport.com/request-for-customization/12495

About the author

Market Study Report

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.