Global Aerospace Composites Market Size, Forecasts, And Opportunities
Learn about the global aerospace composites market through The Business Research Company, which provides information on aerospace composites market size, aerospace composites market drivers and restraints, aerospace composites market players, the COVID-19 impact on the aerospace composites market, and more.
The global aerospace composites market size is expected to grow from $23.03 billion in 2021 to $25.79 billion in 2022 at a compound annual growth rate (CAGR) of 11.98%. The global aerospace composites market size is expected to grow to $43.33 billion in 2026 at a CAGR of 13.84%.
The increasing demand for high strength and lightweight composite materials is expected to drive the aerospace composites market.
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The aerospace composites market consists of sales of aerospace composites by entities (organizations, sole traders, and partnerships) which are used to enhance the performance of commercial and military aircraft. Aerospace composites have superior physical properties and exceptional strength and stiffness-to-density ratios. Composites can be manufactured in different shapes which reduce corrosion resistance and material wastage.
Global Aerospace Composites Market Segments Include:
By Fiber Type: Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites, Others
By Aircraft Type: Commercial Aircraft, Business and General Aviation, Civil Helicopter, Military Aircraft, Others
By Manufacturing Process: AFP/ATL, Lay-Up Process, Resin Transfer Moulding Process, Filament Winding Process, Others
By Resin Type: Benzoxazine, Cyanate Ester, Bismalimide, Ceramic and Metal Matrix, Thermosetting Resins, Polyester, Others
By Application: Interior, Exterior
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the aerospace composites market in 2021.
Companies in the aerospace market are focusing on technological advancement to accelerate and develop composite material and process technologies for the next generation of energy efficient aircraft and future mobility. Airlines are trying to replace outdated aircraft with technologically advanced and modern airplanes. These new aircrafts are equipped with increased payload capacities and cost-efficiency. As a result of this, there is widespread adoption of aerospace composites across the globe.
TBRC’s aerospace composites market report covers:
Major Market Players: Solvay, Toray Industries Inc., Mitsubishi Chemical Holdings, Hexcel Corporation, Teijin Limited, SGL Group, Spirit AeroSystems, Materion Corporation, Owens Corning, Spirit AeroSystems Inc., LEE Aerospace Inc., Gurit Holding AG, General Electric Corporation, Rolls-Royce Motor Cars Ltd., Kineco-Kaman Composites, and Nippon Graphite Fiber Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Aerospace Composites Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides aerospace composites market overviews, analyzes and forecasts market size, share, aerospace composites market players, aerospace composites market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s aerospace composites market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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