The aerospace composites market refers to the market for composite materials used in the aerospace industry. Composite materials are made up of two or more constituent materials with significantly different physical or chemical properties that, when combined, produce a material with characteristics different from the individual components. In the aerospace industry, composite materials are used in a variety of applications, including structural components, such as wings, fuselages, and engine nacelles, as well as interior components, such as seats and cabin panels. Composite materials are favored in aerospace applications due to their high strength-to-weight ratio, corrosion resistance, and ability to withstand high temperatures.
The global aerospace composites market is expected to grow at a CAGR of around 7% from 2021 to 2026. This growth is driven by factors such as increasing demand for lightweight materials in the aerospace industry, the need to reduce fuel consumption and carbon emissions, and the development of advanced composite manufacturing technologies. North America is the largest market for aerospace composites, with the United States being the leading contributor to the region’s growth. Europe is also a significant market, with countries such as France, Germany, and the UK being major contributors to the region’s growth. Asia-Pacific is expected to be the fastest-growing market, with China and India being the major contributors to the region’s growth.
Some of the key players in the aerospace composites market include Hexcel Corporation, Toray Industries Inc., SGL Carbon SE, Mitsubishi Chemical Corporation, Solvay S.A., Teijin Limited, and Owens Corning. These companies are focusing on research and development activities to develop new composite materials and manufacturing processes that can meet the evolving needs of the aerospace industry.
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Key findings of the Aerospace Composites market study:
- The report provides a present market outlook on Aerospace Composites. Additionally, the Aerospace Composites market share is anticipated to grow with a CAGR of 9% in the forecast period.
- Regional breakdown of the Aerospace Composites market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Aerospace Composites vendors in detail.
- Region-wise and country-wise fragmentation of the Aerospace Composites market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Aerospace Composites market.
- Aerospace Composites price, market share, and Trends forecast for assessment period 2021-2031
Competitive landscape analysis
The market survey conducted by fact.mr offers key developments and challenges affecting the pharmaceutical industry, subsequently influencing demand and sales in the Aerospace Composites market. To study competitive trends across the industry, the report profiles some of the leading players operating in the Aerospace Composites market including
- Toray Industries, Inc.
- Mitsubishi Chemical Holdings
- Hexcel Corporation
- Teijin Limited
- SGL Group
- Spirit AeroSystems
Report benefits & key questions answered
- Aerospace Composites historical market outlook: the market intelligence survey report discloses the demand and sales projections of Aerospace Composites over the last forecast period 2016 to 2020.
- Post impact of covid on the Aerospace Composites market: the pharmaceutical industry has been largely influenced by covid-19 pandemic. The fact.mr market survey assesses how current trends that will influence expenditure on Aerospace Composites, thus affecting the market growth.
- Aerospace Composites market trend analysis: the report provides in-depth overview of the past, recent, and upcoming trends in the Aerospace Composites market to assist the businesses to formulate their strategies for expansion.
- Aerospace Composites category & segment level analysis: fact.mr’s category & segment level analysis provides insights into Aerospace Composites sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level.
- Aerospace Composites company & brand share analysis: the report discloses the competitiveness of the Aerospace Composites market and highlights the market share captured by tier 1, tier 2, and tier 3 players operating in the landscape.
Key Market Segments Covered in Aerospace Composites Industry Analysis
· On the Basis of Fibre:
- Carbon Fibre Aerospace Composites
- Ceramic Fibre Aerospace Composites
- Glass Fibre Aerospace Composites
· On the Basis of Matrix:
- Polymer Matrix
- Ceramic Matrix
- Metal Matrix
· On the Basis of Application:
- Aerospace Composites for Interiors
- Aerospace Composites for Exteriors
· On the Basis of Manufacturing Process:
- AFP (Automated Fibre Placement)/ATL (Automated Tape Layup)
- Resin Transfer Moulding
- Filament Winding
· On the Basis of Aircraft:
- Aerospace Composites for Commercial Aircraft
- Aerospace Composites for Business & General Aviation
- Aerospace Composites for Civil Helicopters
- Aerospace Composites for Military Aircraft