Aerospace Composites Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC189

A wide variety of compounds are used in aerospace industry. Commercial aircrafts, helicopters, defense aircrafts, engines and launchers are comprised of composites. Aerospace composites help in increasing the efficiency of engines and lightening the weight of components, thereby lessening the fuel consumption. Durability and low weight of components are of enormous importance in aircraft aerospace industry. The aerospace composite market is classified as: glass fiber reinforced composites, carbon fiber reinforced composites, metal matrix composites, ceramic matrix composites, and foam core materials, among others. Aerospace composites are used in exterior as well as interior of the aircrafts. Furthermore, to this ceramic matrix compounds are used in manufacturing of engines, which withstands higher temperatures. Besides, aerospace composites provide numerous characteristics to the components such as durability, fire resistance, lighter weight and flexibility among others.
 
The aerospace composites market growth is supplemented by commercial aircrafts along with increase in defense and military activities. These composites are used in many applications such as ceiling panels, passenger and cargo floor panels, galleys, cabin linings, air ducts, plenums, lavatories, overhead compartments, ceiling panels, partitions, bars, seats, trailing edges, landing gear doors, winglets and fins, brackets, and wardrobes among others. In defense and military applications, aerospace composites are used in making of components essential for helicopters, aircrafts and launchers among others. Aerospace composites help the mechanisms to deal with fire, wear and tear and harsh weather conditions. Also, aerospace composites help the components to improve the performance of aircrafts. Repair, maintenance and overhaul are one of the main segments in aerospace business and will be a key opportunity for the aerospace composites over the estimate period. Though, higher prices and recyclability matters regarding the aerospace composites is expected to hinder the growth of the market in close future.
 
In case of demand, North America was the foremost region in aerospace composites market in 2014. The aerospace composites market in North America was directed by the U.S. Growing demand for aerospace composites from commercial airlines coupled with defense activities has been influencing the market in earlier few years. North America is trailed by Asia Pacific in the global aerospace composite market. Asia Pacific is regarded to be fastest rising market for aerospace composites. Growing demand from helicopters and aircrafts is driving the demand for aerospace composites in this area. Chins displays maximum demand for aerospace composites in Asia-Pacific. Other countries such as Singapore, Japan and India are probable to show potential development for the aerospace composites in near years. Europe had the third largest portion for aerospace composites in 2014, in terms of demand. Western Europe had the largest demand in this region for aerospace composites due to the enormous demand from defense and military activities. However, Russia and Central Europe will have higher market share for aerospace composites in predictable future. New product growthin order to meet the rising expectations of the industry is one of the main strategies in the market. Some of the leading players in the aerospace composites market include Hexcel Corporation, Cytec Industries, Gurit Holding Co., Toray Industries Inc., Royal Ten Cate and GKN Plc among others.


Related Reports

Lignin Market (By Product: Ligno-sulphonates, Organosolv Lignin, Kraft Lignin, Others; By Application: Macromolecules, Aromatics) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global lignin market value is expected to reach around US$ 907.1 million by 2026 and forecasted to grow at a CAGR of 2% over the time frame 2019 to 2026. The report provides analysis of global lignin market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights The worldwide lignin industry is evolving at a good pace, with a favorable develop

Graphene Market (By Product: Graphene nanoplatelets, Graphene oxide, Others; By Application: Electronics, Composites, Energy, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global graphene market is forecasted to grow at a CAGR around 38.2% over the forecast time frame 2019 to 2026 and reach around US$ 552.6 million by 2026. The report provides analysis of global Graphene market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Increasing demand for lightweight and durable products for different parts, incl

Acetic Acid Market (By Manufacturing Process: Synthetic route{ Methanol carbonylation, Terephthalic/isophthalic acid coproduct, Paraffin oxidation, Oxidation of hydrocarbons, Olefin oxidation}, Biological route; By Application: Vinyl acetate monomer, Monochloroacetic, Acetic anhydride, Terephthalic acid, Acetate esters, Dimethylacetamide, Ketene, Textiles, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global acetic acid market size is expected to worth around US$ 16.4 billion by 2026 and forecasted to grow at striking CAGR around 6.2% over the forecast time frame 2019 to 2026, According to Acumen Research and Consulting. The report provides analysis of global acetic acid market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Also re

Hydrogen Peroxide Market (By End User: Mining, Chemical, Paper & pulp, Wastewater Treatment and Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global hydrogen peroxide market size is expected to reach around US$ 6.3 billion by 2026 and forecasted to grow at a CAGR of 5.2 % over forecast period 2019 to 2026. Hydrogen peroxide or H2O2 was identified in 1818 as a chemical compound. It is a transparent liquid that is used mainly in diverse sectors because of its superior bleaching properties. This chemical compound is marginally more viscous than wate

Chondroitin Sulfate Market (By Source: Bovine, Swine, Poultry, Shark, Synthetic; By Application: Dietary Supplements, Pharmaceutical, Cosmetics, Veterinary Use) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global chondroitin sulfate market size is anticipated to worth around US$ 1.5 billion by 2026 and growing at a CAGR of 3.3 % over the forecast time period 2019 to 2026. Chondroitin sulfate is also regarded as glycosaminoglycan sulfated glucose (GAG). Chondroitin sulfate comprises a large alternating sugar chain including glucuronic acid and N-acetylgalactosamine. Chondroitin sulfate is a chemical compound d

Biological Seed Treatment Market (By Product: Microbials, Botanicals and Others; By Function: Seed Enhancement, Seed Protection; By Crop Type: Vegetable Crops, Wheat, Corn, Soybean, Sunflower, Cotton, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Introduction According to Acumen Research and Consulting, the global biological seed treatment market size is expected to worth around US$ 2 billion by 2026 and to grow at striking CAGR around 11.2 % from 2019 to 2026. The report provides analysis of global Biological Seed Treatment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Ins

Cart Summary