Opportunities for composites in the global aerospace interior market is expected to reach $468 million by 2023

According to a new market report published by Lucintel, the future of composites in the global aerospace interior market looks promising with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. Composite in the global aerospace interior market is expected to reach an estimated $468 million by 2023 with a CAGR of 4.7% from 2018 to 2023. The major growth drivers for this market are increasing deliveries of aircraft and the demand for lightweight materials.

In this market, interior panels are the major applications of composites in the global aerospace interior market. On the basis of its comprehensive research, Lucintel forecasts that the interior panels will remain the largest application over the forecast period. The major parts fabricated from composites include floor panels, ceiling panels, sidewalls and partition walls. Increased focus on weight reduction and fuel efficiency by aircraft manufacturers has augmented the use of composites in aircraft interior.

By fiber type, glass fiber composite is expected to remain the largest segment over the forecast period. Carbon fiber composites is expected to witness the highest growth due to an increase in new aircraft applications, such as window frames and seat components and increasing penetration of carbon fiber composites in aircraft interior components.

By resin type, phenolic resin based composite is expected to remain the largest segment by value and volume.  It is also expected to witness the highest growth during the forecast period due to the performance benefits related to fire, smoke, and toxicity.

North America is expected to remain the largest region and witness the highest growth over the forecast period due to a significant increase in aircraft deliveries and increasing demand for lightweight materials.

Emerging trends, which has a direct impact on the dynamics of the industry, includes introduction of composites for aircraft window frames and development of thermoplastic composite application in aircraft interiors. Hexcel, Gurit, Toray, Teijin, and SGL are among the major providers of composites in the global aerospace interior market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for composites in the global aerospace interior market by aircraft type, application type, manufacturing process, market type, fiber type, resin type and region and has come up with a comprehensive research report entitled “Growth Opportunities for Composites in the Global Aerospace Interior Market 2018-2023: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for composites in the global aerospace interior market by aircraft type, application, market type, manufacturing process, fiber type, resin type and region as follows:

By Aircraft Type [Value ($M) and Volume (M lbs) from 2012 to 2023]: ·        Commercial Aircraft ·        Regional Aircraft ·        General Aviation ·        Helicopter ·        Military Aircraft By Application Type [Value ($M) and Volume (M lbs) from 2012 to 2023]: ·        Interior Panels ·        Seating ·        Galley ·        Stowage Bin ·        Lavatory ·        Others By Market Type [Value ($M) and Volume (M lbs) from 2012 to 2023]: ·        OEM ·        Aftermarket By Manufacturing Process [Value ($M) and Volume (M lbs) from 2012 to 2023]: ·        Prepreg Layup ·        RTM ·        Others By Fiber Type [Value ($M) and Volume (M lbs) from 2012 to 2023]: ·        Glass Fiber ·        Carbon Fiber ·        Others By Resin Type [Value ($M) and Volume (M lbs) from 2012 to 2023]: ·        Phenolic ·        Epoxy ·        Others Region [Value ($M) from 2012 to 2023]: ·        North America ·        Europe ·        Asia Pacific ·        The Rest of the World This 199 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 Aerospace Report, Defense Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix. About Lucintel Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer 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. This report answers the following 10 key questions: Q.1 What are some of the most promising, high-growth opportunities for composites in the global aerospace interior market by aircraft type (commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft), by application (interior panels, seating, galley, stowage bin, lavatory and others), by market type (OEM, and aftermarket), by manufacturing process (prepreg layup, RTM and Others), By fiber type (glass fiber, carbon fiber and others), By resin type (phenolic, epoxy and others) and by 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 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 in this market? Q.5 What are the business risks and threats of this market? Q.6 What are emerging trends in this market and reasons behind them? Q.7 What are some of the changing demands of customers in the market? Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth? Q.9 What M&A activity has occurred in the last 5 years?