Global Aerospace Composites Market was valued US$ 13.07 Bn and is projected to reach US$ XX Bn by 2026 at a CAGR of XX % during forecast.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Phenomenal properties such as lightweight materials, high order backlog of aircraft deliveries, high penetration of composite materials in aircraft structures, improving their lift-to-weight ratio, excellent strength, good stiffness-to-density ratios, stability at high temperature, longer durability and superior physical properties, which make them ideal materials for the aerospace hence driving the market. The market for aerospace composites is mainly driven by commercial aircraft s coupled with military and defense activities.
In terms of the resin type, thermosetting resins is dominating aerospace composites market constituting more than half market. Epoxy and phenolics in aircraft internal structures provides various benefits such as resistance to corrosives and solvents, fatigue strength, excellent adhesion, resistance to high temperature and heat, and excellent finishing. Thermosetting resins are expected to mark high growth over the forecast period. Superior impact toughen of thermoset resins such as improved mechanical strength, high corrosion-resistance, and low-weight, over other resin types, have contributed to its increasing liability across varied aerospace utilities.
Based on fiber, aerospace composite can be segmented into carbon, ceramic, aramid and glass. Carbon fiber composites segment is expected to lead the aerospace composites market during the forecast period. Attributable to its properties such as superior heat-resistance, fire-resistance, high stiffness, and exceptional load carrying properties increasing demand from the military and commercial aerospace segment.
Based on aircraft type, the aerospace composites market is divided into commercial aircraft business and general aviation aircraft military aircraft civil helicopter, and others (spacecraft). Commercial Aircraft has been leading the global market contributes almost half of market. Military aircraft will be second leading segment.
Region-wise, increasing use of aerospace composites in the commercial and military aircraft is the key reason driving the growth of the North America’s aerospace composites market. Presence of major aerospace manufacturers and mass production of aerospace parts using aerospace composites are driving the growth of the North American aerospace composites market. North America will mark a higher CAGR in a coming forecast period. On account of development led by countries like China India and Japan Asia Pacific will be marking a pace growth to market. Middle East & Africa is also expected to have a growth on account of growing number of maintenance, repair, and operational activities in the region.
The report also helps in understanding Global Aerospace Composites market dynamics, structure by analyzing the market segments, and project the Global Aerospace Composites market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Aerospace Composites market make the report investor’s guide.
The objective of the report is to present a comprehensive analysis of the Global Aerospace Composites Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Aerospace Composites Market dynamics, structure by analyzing the market segments and project the Global Aerospace Composites Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Aerospace Composites Market make the report investor’s guide.
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Scope of the Global Aerospace Composites Market
Global Aerospace Composites Market, By Resin Type:
• Thermosetting
• Epoxy
• Phenolics
• Polyester
• Polyimides
Global Aerospace Composites Market, By Fiber Type:
• Glass
• Carbon
• Ceramic
• Aramid
Global Aerospace Composites Market, By Aircraft Type:
• Commercial Aircraft
• Business And General Aviation Aircraft
• Military Aircraft
• Civil Helicopter
• Others (Spacecraft).
Global Aerospace Composites Market, By Region:
• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Latin America
Key Players Analysed In Global Aerospace Composites Market:
• Bally Ribbon Mills.
• DuPont.
• Cytec C Solvay Group.
• Hexcel.
• SGL Carbon.
• Toray Industries.
• Toho Tenax.
• Mitsubishi Chemical Carbon Fiber Composites
• Koninklijke TenCate
• BASF
• Royal Ten Cate
• Teijin Limited
• Huntsman International LLC
• Argosy International LLC
• E.I. DuPont de Nemours
• LMI Aerospace
• Materion Aerospace Metal Composites
• Renegade Materials Corporation
• Quantum Composites
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