The global demand for Aerospace Composites Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Composite is an engineered material made of two or more material. Aerospace composite is based on reinforced carbon, ceramic and glass-based fibers that are present in a tough resin matrix. They are usually used in propellers, seats, wing assemblies, rotor blades and instrument enclosures of passenger airlines, fighter planes, helicopters, space shuttles, and gliders. These composites have shown the properties like high mechanical strength and low density that can be utilized for manufacturing both structural and utility components of the aircraft. These composites also have shown other properties such as flexibility, resistance to corrosion that help in enhancing the efficiency of the engine.
The thriving aerospace and aviation sector is considered as a key factor driving the market growth. In addition to this, the rising need to develop fuel fuel-efficient aircraft is also aids in market growth. Furthermore, rising air-traffic and tourism activities across the globe is another factor that propels the demand. Additionally, airline operators are replacing old aircraft or airplanes coupled with rising adoption of drones by the defense sector and rising investment in aerospace activities is also providing a boost to market growth. Apart from this, rising trade activities across the globe and improving air transport infrastructure are anticipated to drive the market in the upcoming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of aerospace composites.
The entire aerospace composites market has been sub-categorized into fiber type, resin type, aircraft type, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Fiber Type
By Resin Type
- Carbon Fiber Composites
- Ceramic Fiber Composites
- Glass Fiber Composites
- Other Fiber Composites
By Aircraft Type
- Ceramic and Metal Matrix
- Commercial Aircraft
- Business Aviation
- Civil Helicopters
- Military Aircraft & Helicopters
- Interior Parts
- Exterior Parts
This section covers regional segmentation which accentuates on current and future demand for aerospace composites market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Aerospace Composites Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the aerospace composites market include Bally Ribbon Mills, Hexcel Corporation, Materion Corporation, Mitsubishi Chemical Holding Corporation, Renegade Materials Corporation, Koninklijke Ten Cate B.V., SGL Carbon SE, Solvay, Teijin Limited, Toray Industries Inc.. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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