According to a market report by Lucintel, the future of the global aerospace composites material market looks promising with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft types. The global aerospace composites materials market is expected to reach an estimated $4 billion by 2031 with a CAGR of 12% from 2024 to 2031. The major drivers for this market are growing demand for lightweight materials to increase fuel efficiency and growth of aircraft with high composites penetration such B787 and A350WXB.
A more
than 150-page report to understand trends, opportunity and forecast in
aerospace composites material market to 2031 by aircraft type (commercial
aircraft, military aircraft, regional aircraft, general aviation, helicopter,
and other aircraft types), reinforcement (carbon composites, glass composites,
aramid composites, and other reinforcement types), manufacturing process (hand
lay-up, AFP/ATL, RTM, injection molding, compression molding, and other
manufacturing processes), type of structure (primary structure, interior, dry
engine, and other structure types), component (wing, fuselage, empennage,
engine, interior, rotor blade, radome, landing gear, and other components), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that carbon fiber based composites will remain the largest market
during the forecast period. Increasing penetration of carbon composites in
commercial aircraft, such as B787 and A350XWB is expected to drive the demand
for this segment over the forecast period from 2024 to 2031.
Within the
aerospace composites market, commercial aircraft will remain the largest market
by value and volume consumption followed by military aircraft.
By type of
structure, primary structure will remain the largest market by value and volume
due to higher composite consumption.
Download
sample by clicking on aerospace
composites material market.
Europe
will remain the largest region during the forecast period due to a higher
demand for newer aircraft and the ongoing replacement of an aging fleet.
Hexcel,
Syensqo, Toray Industries, Teijin, Zodiac Aerospace, Spirit Aerosystem (Boeing)
are the major suppliers in the aerospace
composites material market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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