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The objective of the Aerospace Composites Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Aerospace Composites Market.
Market Insights – The Aerospace Composites Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Aerospace Composites Market are-
Owen Corning
Solvay S.A.
Hexcel Corporation
Royal TenCate N.V.
Teijin Limited
Toray Industries, Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aerospace Composites Market value and growth drivers over the trend period of 2022-27. According to the report -
Aerospace composites market is likely to witness an impressive CAGR of 8.5% during the forecast period. The prime factor that is contributing to the growth of the market is mainly the increasing usage of aerospace composite fabrics in various aircraft, such as commercial, regional, and military aircraft.
Segment Analysis:
Based on Fiber Type:
Based on the fiber type, the market is segmented as carbon fiber, ceramic fiber, glass fiber, and others. The carbon fiber segment held the largest share of the market in 2021, and is expected to remain dominant during the forecast period. The increasing demand for carbon fiber in the aerospace & defense industry is driving the growth of this segment. Carbon fiber possesses various properties such as high inherent strength, lightweight, weather-resistance, and offers a variety in surface textures.
Based on Region:
In terms of regions, North America is estimated to be the largest as well as the fastest-growing aerospace composites market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the increasing usage of composite material in the commercial and military aircraft. Further, the presence of a large number of aircraft manufacturers and mass production of aerospace parts using aerospace composites are bolstering the growth of the market in the North American region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Critical Questions Answered in the Report
l What are the key trends in the global Aerospace Composites Market?
l How the Aerospace Composites Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Aerospace Composites Market?
l What are the key strategies adopted by the major vendors to lead in the Aerospace Composites Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Aerospace Composites Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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