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Global aerospace composite materials market is forecast to reach $3.9 billion by 2022 according to new research report

Global aerospace composite materials market is forecast to reach $3.9 billion by 2022 according to new research report

Trends, opportunities and forecast in this market to 2036 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 ROW)

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 Growth Opportunities for Composit…Market 2017-2036

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.

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Browse 48 Market Data Tables and 169 Figures spread through 291 Pages and in-depth TOC on www.lucintel.com/composites-in-aer…market-2017.aspx

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.

Download PDF Brochure: www.lucintel.com/rb/composites-in-…market-2017.aspx

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.

Browse Report Pages at www.lucintel.com/ds/composites-in-…market-2017.aspx

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:

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

 

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