According to a new market report published by
Lucintel, the future of the global aerospace composite materials market looks attractive
with opportunities in commercial aircraft, regional aircraft,
general aviation, helicopter, military aircraft, and others. The global aerospace composite materials market
is expected to reach an estimated $3.9 billion by 2022 and is forecast to grow at
a CAGR of 5.3% from 2017 to 2022. The
global aerospace composites end product market is expected to reach an
estimated $17.6 billion by 2022. The major growth drivers for this market are increasing
demand of lightweight materials to
increase the fuel efficiency, growth of aircraft with high composite
penetration such B787, A350WXB, and A380, and increasing use of composite in
aftermarket.
In this market, carbon fiber, glass fiber, and
aramid fiber are the major fiber used to fabricate various aircraft components.
On the basis of our comprehensive research, Lucintel forecasts that carbon
composites will show above average growth during the forecast period.
Increasing penetration of carbon composites in commercial aircraft such as
B787, A350XWB, and A380 is expected to spur growth for this segment over the
forecast period from 2017 to 2022.
By aircraft
type, commercial aircraft is expected to remain the largest market by value and volume consumption followed by military aircraft.
By type of structure, primary structure is expected to remain the largest
market by value and volume due to high composite consumption and new aircraft
model with higher composite penetration in structural parts.
North America is expected to remain the
largest region during the forecast period due to high demand for newer aircraft
and the ongoing replacement of an aging fleet.
Emerging
trends, which have a direct impact on the dynamics of the industry, include the
use of nano-composites and recycling of advanced composites. Hexcel, Cytec, Toray,
TenCate, and Gurit are among the major suppliers of aerospace composite
materials.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities for
composites in the global aerospace market by aircraft type, material type, manufacturing
process, type of structure, and region and has compiled a comprehensive
research report entitled “Growth
Opportunities for Composites in the Global Aerospace Market 2017-2036: Trends,
Forecast, and Opportunity Analysis.”
This Lucintel report serves as a catalyst for growth strategy, as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for composites in the global aerospace market by
aircraft type, material type, manufacturing process, type of structure, and region
as follows:
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Composites
in the Aerospace Market by Aircraft Type (Value ($ Million) and Volume (M lbs) from 2011
to 2036):
·
Commercial
aircraft
·
Regional
aircraft
·
General
aviation
·
Helicopter
·
Military
aircraft
·
Others
Composites in the Aerospace Market by
Material Type (Volume (M lbs) from 2011 to 2022):
·
Carbon Composites
·
Glass Composites
·
Aramid Composites
·
Others
Composites in the Aerospace Market by
Manufacturing Process (Volume (M lbs) from 2011 to 2022):
·
Hand Lay-Up
·
AFP/ATL
·
RTM
·
Injection Molding
·
Compression Molding
·
Others
Composites in the Aerospace Market by type
of Structure (Value ($ Million) and Volume
(M lbs) from 2011 to 2022):
·
Primary Structure
·
Interior
·
Engine
·
Others
Composites in the Aerospace Market by Region
(Volume (M lbs) from 2011 to 2022):
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This 291-page research report will enable
you to make confident business decisions in this globally competitive
marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056
or helpdesk@lucintel.com. Lucintel offerings include Advanced
Materials Reports, Composite
Materials Market Report, Capital
Investment Analysis, Strategic
Growth Consulting and Due Diligence.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries.
For further information, visit www.lucintel.com.
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This
report answers the following 6 key questions:
Q.1 What are some of the
most promising, high-growth opportunities for the composites
in the aerospace market by aircraft type (commercial aircraft, regional aircraft,
general aviation, helicopter, military aircraft, and others), material type (carbon
composites, glass composites, aramid composites, and others), manufacturing process (ATL/AFP, hand lay-up, RTM,
injection molding, compression molding and others), type of structure
(primary structure, interior, engine, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2 Which product segments will grow at a
faster pace and why?
Q.3 Which region will
grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the
drivers and challenges of the market?
Q.5 Who
are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.6 What are emerging trends in this market
and the reasons behind them?
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