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

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Aerospace Composites Market to surge at 10.43% CAGR, growing demand for composite materials for the aerospace industry expected to propel growth

This report is anticipated to reach USD 34,752.9 million by 2030.  The market is estimated to portray a CAGR of 10.43% during the forecast period i.e. 2020-2030. As per the report, growing demand for composite materials for the aerospace industry is likely to drive the market for aerospace composites in the coming years.
Aspects such as increasing air travelers, growth in tourism, evolution of cost-efficient transporters, and emerging involvement towards aircraft fuel proficiency are projected to upsurge the market demand. The producers are increasingly spending in research & development to modernize light weight and low-cost composites for aerospace industry with great strength-to-weight proportion, and exceptional effect strength.
The market report on global aerospace composites market comprises of the following in-depth analysis:
• The estimated value of the market in 2019 was USD 18,307.3 million.
• Based on fiber type, the carbon fiber composites segment emerged out as a key segment in the aerospace composites market across the globe.
• On the basis of aircraft type, the commercial aircraft segment came out to be the leading segment of the market.
• Based on application, the exterior segment emerged to be the key segment in the market for aerospace composites.
• Region-wise, the market in Europe is witnessed to be the key market segment in the growth of the market.
• Key players are likely to focus on product innovations and expansion through union to retain their positions in developed markets.

Aerospace market is one of the utmost significant and largest markets for the composite sector. All the military aircrafts, commercial aircrafts, helicopters, and spacecrafts make use of composite substances both for interior and exterior applications. These composite substances, also called advanced polymer matrix composites, are usually controlled by high-strength fibers that have great flexibility and firmness and are constrained together with frailer matrices. Composite substances are utilized for several reasons in the aircraft sector. The benefit of composites is that they can maintain their characteristics and do not combine entirely with each other. On merging, the substances generate a hybrid substance that has better physical features, which can be utilized for aerospace constituents. Composite substances used in aerospace sector comprise of fiberglass, carbon fiber, and fiber-reinforced matrix programs or any mixture of these substances. Aerospace composites are utilized in several aircraft edges, such as wings, aircraft interiors, and fuselage as these can maintain radical functioning circumstances, including high temperature, high stress, shocks, and effect loads. The composites materials are significant for the aerospace sector, as they offer better structural strength in comparison to metallic alloys.
Global aerospace composites market is segmented by fiber type into carbon/graphite fiber composites, ceramic fiber composites, aramid fiber composites and glass fiber composites. Among these, the carbon fiber composites segment emerged as the key segment, holding a market share of xx% in 2019. The market is segmented by aircraft type into commercial aircraft, general aviation {business jets, piston airplanes (single-engine piston, multi-engine piston), turboprop airplanes (single-engine turboprops, multi-engine turboprops), helicopters (piston helicopters, turbine helicopters)}, military aircraft and space aircraft. Among these, the commercial aircraft segment came out to be the key segment of the market, capturing xx% of the total market share in 2019. On the basis of application, the market for aerospace composites is segmented into interior and exterior. The exterior segment emerged as the leading segment in the market, holding xx% of the total market share in the year 2019. Region-wise, the worldwide aerospace composites market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, the market in Europe is witnessed to be the key segment, acquiring xx% of the total market share in 2019.

Key Players in the Market
Some of the key players in global aerospace composites market are Cytec Industries, SGL Group, Koninklijke Ten Cate Kaneka Corporation, Hindustan Aeronautics, Argosy International, LMI Aerospace, Axioms Materials, ACT Aerospace, BASF and Toray Industries.

Get Valuable Insights into Aerospace Composites Market
This report presents an unbiased analysis the global aerospace composites market that covers the historical demand data as well as forecast figures for the period i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The global aerospace composites market is segmented by fiber type into carbon/graphite fiber composites, ceramic fiber composites, aramid fiber composites and glass fiber composites. The market is divided by resin type into thermosetting and thermoplastic. On the basis of aircraft type, the market for aerospace composites is divided into commercial aircraft, general aviation, military aircraft and space aircraft. Region-wise, the market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.

Table of Contents

Contents
1. Executive Summary

2. Aerospace Composites
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. Market Dynamics
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends

6. Recent Development, Policies & Regulatory Landscape

7. Risk Analysis
7.1. Demand Risk Analysis
7.2. Supply Risk Analysis

8. Aerospace Composites Industry Analysis
8.1. Porters Five Forces
8.1.1. Threat of New Entrants
8.1.2. Bargaining Power of Suppliers
8.1.3. Threat of Substitutes
8.1.4. Rivalry
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological

9. Global Aerospace Composites Market
9.1. Market Size & forecast, 2019A-2030F
9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10. Global Aerospace Composites: Market Segmentation
10.1. By Regions
10.1.1. North America: (U.S. and Canada)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.3. Europe: (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
10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2. By Fiber Type: Market Share (2020-2030F)
10.2.1. Carbon/Graphite Fiber Composites, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.2. Ceramic Fiber Composites, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.3. Aramid Fiber Composites, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.4. Glass Fiber Composites, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3. By Resin Type: Market Share (2020-2030F)
10.3.1. Thermosetting, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.2. Thermoplastic, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4. By Aircraft Type: Market Share (2020-2030F)
10.4.1. Commercial Aircraft, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.2. General Aviation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.3. Military Aircraft, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.4. Space Aircraft, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5. By Application: Market Share (2020-2030F)
10.5.1. Interior, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.2. Exterior, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11. Company Profile
11.1. Cytex Industries
11.1.1. Company Overview
11.1.2. Company Total Revenue (Financials)
11.1.3. Market Potential
11.1.4. Global Presence
11.1.5. Key Performance Indicators
11.1.6. SWOT Analysis
11.1.7. Product Launch
11.2. SGL Group
11.3. Koninklijke Ten Cate Kaneka Corporation
11.4. Hindustan Aeronautics
11.5. Argosy International
11.6. LMI Aerospace
11.7. Axioms Materials
11.8. ACT Aerospace
11.9. BASF
11.10. Toray Industries

12. 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.

Company Mentioned

SGL Group
• Koninklijke Ten Cate Kaneka Corporation
• Hindustan Aeronautics
• Argosy International
• LMI Aerospace
• Axioms Materials
• ACT Aerospace
• BASF
• Toray Industries

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