Industrial, Manufacturing & Heavy Industry Market News

The global aerospace composite materials market is expected to reach $3.9 billion by 2022

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.


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 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.