Global Aeroengine Composites Market Outlook, Opportunities And Strategies – Includes Aeroengine Composites Market Trends
Learn about the global aeroengine composites market through The Business Research Company, which provides information on aeroengine composites market size, aeroengine composites market drivers and restraints, aeroengine composites market players, the COVID-19 impact on the aeroengine composites market, and more.
The global aeroengine composites market size is expected to grow from $1.61 billion in 2021 to $1.83 billion in 2022 at a compound annual growth rate (CAGR) of 14.10%. The global aeroengine composite market size is expected to reach $3.08 billion in 2026 at a CAGR of 13.85%.
The constant demand for low-fuel engines is expected to propel the growth of the aero-engine composites market.
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The aero-engine composites market consists of sales of aero-engine composites by entities (organizations, sole traders, and partnerships) that refer to materials made up of two or more constituent parts used in the manufacture of various aerospace engines. Aeroengine composites help in reducing the overall weight of the aircraft and increase fuel efficiency. They offer high strength, thermal stability, and impact resistance. The aero-engine composites are easy to assemble and are resistant to fatigue or corrosion.
Global Aeroengine Composites Market Segments Include:
By Type: Polymer Matrix Composites, Ceramic Matrix Composites, Metal Matrix Composites
By Component: Fan Blades, Fan Case, Guide Vanes, Shrouds, Others
By Application: Commercial Aircraft, Military Aircraft, General Aviation Aircraft
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 aeroengine composites market in 2021.
Technological advancement is a key trend gaining popularity in the aero-engine composites market. The aero-engine composites manufacturers are increasingly focusing on adopting advanced technologies to manufacture the aero-engine composites that enable high fuel efficiency in the engines and reduce CO2 emissions.
Major Market Players: Solvay SA, Meggitt PLC, Hexcel Corporation, Albany Engineered Composites Inc, FACC AG, General Dynamics Corporation, E.I. DuPont de Nemours, LMI Aerospace, BASF SE, Pratt & Whitney, Godrej Group, Triumph Group Inc, and ZOLTEK 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 Aeroengine 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 aeroengine composites market overviews, analyzes and forecasts market size, share, aeroengine composites market players, aeroengine composites market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s aeroengine composites market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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