The global aerospace composites materials market is projected to reach $3.3 billion by 2025, at a CAGR of 1.7% during 2020-2025. The growth of aerospace composites materials market is driven by growing demand for lightweight materials to increase fuel efficiency and growth of aircraft with high composites penetration such B787, A350WXB, and A380.
Some of the Key Questions answered in
this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the aerospace composites
materials market by aircraft type (commercial aircraft, regional aircraft,
general aviation, helicopter, military aircraft, others), by reinforcement type
(carbon composites, glass composites, aramid composites, others)),
manufacturing process (hand lay-up, AFP/ATL, RTM, injection molding,
compression molding, others), type of structure (primary structure interior,
engine, others), component (wing, fuselage, empennage, engine, interior, rotor
blade, radome, landing gear, others), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the aerospace composites materials market?
Q.4 What are some
changing demands of customers in the aerospace composites materials market?
Q.5 What are the new
developments in the aerospace composites materials market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this aerospace composites materials area
and how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this aerospace composites materials
market?
Emerging trends, which have a direct impact on the dynamics of the industry, include includes the recycling of advanced composites.
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Market Segmentation:
Based on reinforcement, the aerospace composite materials market is segmented
into carbon composites, glass composites, aramid composites, others. The carbon
composites segment accounted for the largest share of the market in 2020 and is
expected to register the highest CAGR during the forecast period, due to the
increasing penetration of carbon composites in commercial aircraft, such as
B787 and A350XWB is expected to drive the demand for this segment.
North America is expected to be the largest region with the highest growth over the forecast period due to a higher demand for newer aircraft and the ongoing replacement of an aging fleet.
Key Players in the aerospace composite materials market are Hexcel Corporation, TenCate Advanced Composites, Toray Industries Inc., Teijin Limited, Cytec Solvay Group, Zodiac Aerospace, Spirit AeroSystems, Inc., Elbit Systems and others.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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