Global Aerospace Composites Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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Global Aerospace Composites Market is segmented by Type into Carbon Fiber, Glass Fiber, Aramid Fiber and others. Based on composite types, Carbon fiber composites accounted for the largest volumetric share in the market in 2019.

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Description

Global Aerospace Composites Market Overview

Product Overview
Wide variety of composites are used in the aerospace industry. Composite aircraft consist of commercial aircraft, defence aircraft, helicopters, launchers, and engines. Aerospace composites help to lighten the components ‘weight and improve the engines’ performance.

Aerospace composites assist in reducing weight, thus reducing fuel consumption. In the aerospace and aircraft industries, low weight and component reliability are of huge importance.

Market Highlights
Global Aerospace Composites Market is expected to project a notable CAGR of XX.X% in 2030.
Global Aerospace Composites Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The increase in demand for lightweight composite materials is due to their demand in the aircraft industry, which is the primary factor likely to contribute to the future growth of the aerospace composite market.

Global Aerospace Composites Market: Segments
Carbon Fiber Composites Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Aerospace Composites Market is segmented by Type into Carbon Fiber, Glass Fiber, Aramid Fiber and others. Based on composite types, Carbon fiber composites accounted for the largest volumetric share in the market in 2019.

This can mainly be attributed, as opposed to other materials, to the strong demand for carbon fiber composites due to their high tensile strength, high chemical resistance, high temperature tolerance, low thermal expansion, and outstanding load carrying ability. In defense and aerospace aircraft, there is a growing market for carbon fiber composites.

Its insubstantial weight, high strength property, weather-resistant finish, and various surface textures are the reason for major preference among all the composite types.

Global Aerospace Composites Market: Market Dynamics
Drivers
Expanding commercial aircraft fleet
The large-scale demand and adoption of carbon fiber composites for aircraft production is one of the major factors driving the aerospace composite market. Manufacturers of aircraft are increasingly concentrating on the use of lightweight, high-performance structural materials to improve their aircraft’s fuel economy and reduce operating costs.

Carbon fiber composites exhibit characteristics such as low weight, high rigidity and high tensile strength, which is they are experiencing high industry demand.

Restraint
High cost of raw materials
The reduction in the number of deliveries of aircraft would directly have an impact on the demand for aerospace composites. As more than 80% of the use of composite material is in commercial aircraft, the reduction in demand for composite material due to the decrease in the number of orders for aircraft will have a negative effect on the industry.

In addition, the massive decrease in market capitalization has culminated in the restructuring of the sector.

Global Aerospace Composites Market: Regions
Global Aerospace Composites Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

Global Aerospace Composites Market in North America held the largest market share of XX.X% in the year 2019 owing of the increase in end-user industries and the rising demand in the aerospace industry for lightweight materials.

Increased consumption of aerospace composites in the exterior and interior sections of commercial and military aircraft is mainly driving development. In terms of value and volume, the United States is the world ‘s largest user of aerospace composites, and is expected to further improve its position during the forecast era.

The growth of the US market for aerospace composites is due to the involvement of giant players such as The Boeing Company and General Electric Company, along with the establishment in the country of several new composite manufacturing facilities.

Key Developments in the Market:
Several strategic steps have been taken by major players in the industry in recent years to boost their market share. Hexcel Corporation, for example, purchased the aerospace and defence (A&D) company of Oxford Performance Materials, a developer of biomedical polymers, biomedical instruments, and industrial components, in December 2017.

Global Aerospace Composites Market: Key Players
Bally Ribbon Mills
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Mitsubishi Chemical Carbon Fiber and Composites Inc.
• Toho Tenax
• Toray Industries Inc.
• SGL Carbon SE
• Hexcel Corporation
• Solvay SA
• Royal Ten Cate
• Materion Corp

Global Aerospace Composites Market report also contains analysis on:
Global Aerospace Composites Market:
By Type:
• Carbon fiber
• Glass fiber
• Aramid fiber
• Others
By Resin Type:
• Thermoset
• Thermoplastic
• Others
By Aircraft Type:
• Commercial aircraft
• Business and general aviation
• Civil helicopter
• Military aircraft
• Others
By Application:
• Interior
• Exterior
• Aerospace Composites Market Dynamics
• Aerospace Composites Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Advanced Space Composites Market – A Global and Regional Analysis: Focus on Platform, Component, Material, Manufacturing Process, Services, and Country – Analysis and Forecast, 2021-2031

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Table of Contents

1. Executive Summary
2. Global Aerospace Composites Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Aerospace Composites Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global Aerospace Composites Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Global Aerospace Composites Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe: (Brazil, Mexico, Argentina, Rest of Latin America)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. LATAM: (Brazil, South Africa, Saudi Arabia, U.A.E. and Other Countries)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. MEA: (Brazil, South Africa, Saudi Arabia, U.A.E. and Other Countries)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Carbon fiber, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Glass fiber, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Aramid fiber, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.4. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3. By Resin Type: Market Share (2020-2030F)
12.3.1. Thermoset, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Thermoplastic, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4. By Aircraft Type: Market Share (2020-2030F)
12.4.1. Commercial aircraft, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Business and general aviation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.3. Civil helicopter, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.4. Agriculture and forestry, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.5. Military aircraft, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5. By Application: Market Share (2020-2030F)
12.5.1. Interior, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5.2. Construction and development, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5.3. Exterior, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13 Company Profile
13.1. Hexcel Corporation.
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Koninklijke Ten Cate bv.
13.3. Teijin Limited.
13.4. Toray Industries Inc
13.5. Royal DSM N.V
13.6. SGL Group – The Carbon Company
13.7. Mitsubishi Chemical Corporation
13.8. Materion Aerospace Metal Composites
13.9. Renegade Materials Corporation
13.10. Other Prominent Players
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.