Best Prospects in the Global Aerospace Composites Market and Strategies for Growth – Includes Aerospace Composites Market Demand
The Business Research Company’s report goes into great detail on the aerospace composites market size and growth, aerospace composites market regional analysis, aerospace composites market competitive landscape, and other critical information needed to excel in the aerospace composites industry.
Major players in the aerospace composites market include 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.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global aerospace composites market 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 compsite market size is expected to grow to $43.33 billion in 2026 at a CAGR of 13.84%.
North America was the largest region in the aerospace composites market in 2021.
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.
The increasing demand for high strength and lightweight composite materials is expected to drive the aerospace composites market.
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 Airlines are trying to replace outdated aircraft with technologically advanced and modern airplanes.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 Global Aerospace Composites Market Report Is Segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Aerospace Composites Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the aerospace composites market globally and regionally, analyzes and forecasts market size, share, aerospace composites market players, aerospace composites market segments, leading competitor revenues, profiles and market shares.
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