Current Industry Research Report Titled On:- Global Aerospace Composites Market – Growth, Trends and Forecast (2018 – 2023)
“Aerospace Composites Market” Report Provides detailed summary of Company Competition, Market demand, Regional Forecast, Marketing & Price and also New investment feasibility analysis is included of Aerospace Composites Market in global region. The Global Aerospace Composites Market is anticipated to register a CAGR of 7% over the forecast period of (2018 – 2023).
Aerospace Composites Market Competitive Analysis: The existence of large, small, and local vendors in the market creates high competition. Following are the Leading Manufacturers –
- Bally Ribbon Mills
- Mitsubishi Chemical Composites and Composites
- Toho Tenax
- Toray Industries
- SGL Carbon
- Cytec C
- Solvay Group
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Aerospace Composites Market Segment by Regions, regional analysis covers
- North America (USA, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America, Middle East and Africa
Overview of TOC, what it will contains in Research Report ? –
- Overview of Aerospace Composites Market,
- Competitions by (Types, Applications, Players),
- Imports/Exports Market Analysis,
- Players Profiles and Sales Data,
- Production Market Analysis by Regions,
- Sales Market Analysis by Region,
- Aerospace Composites Market Forecast (2018-2023),
- And More…..
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The global aerospace composites market is expected to register a CAGR close to 7% during the forecast period. Demand for fuel efficient and long haul aircrafts, are the major driving factors for the carbon fiber composite industry. Use of carbon fiber composites in wings, can reduce the weight of the aircraft by 50,000 pounds. It offers superior strength to weight ratio, high chemical resistance, high stiffness, low thermal expansion, and its mechanical properties can be tailored based on application. The use of composite materials in commercial transport aircraft is attractive because reduced airframe weight enables better fuel economy, and therefore, lowers operating costs. Reduced maintenance and longer design life, fewer parts, and reduced tooling and assembly costs are some of the reasons, which drive the market for carbon fiber in the aerospace industry. Initially, composite materials were used only in secondary structure, but as knowledge and development of the materials has improved, their use in primary structure, such as wings and fuselages has increased. Thus, there is increasing penetration of carbon fiber in commercial aircraft (B787 and A380), wind turbine blades, and other aerospace applications. However, the strict performance requirements of composites in aerospace applications lead to certification barriers and tighter manufacturing tolerances than those associated with other composites applications. This in turn leads to higher prices for aerospace parts. The other restraints identified in the market include difficulty in test detection, need for specialized repair techniques.
High Demand from the North America Market
North America is expected to remain the largest market, due to the augmentation in the end-use industries, and an increasing demand for lightweight materials in the aerospace industry. The growth is mainly driven by the increasing consumption of aerospace composites in exterior and interior parts in commercial and military aircraft. The US is the largest consumer of aerospace composites globally, in terms of value and volume and is expected to strengthen its position further during the forecast period. The growth of the US aerospace composites market is attributed to the presence of giant players, such as Boeing and GE, along with the establishment of several new carbon fiber production plants in the country.
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Reasons to Purchase Aerospace Composites Market Report:
- The report analyses how the stringent emission control norms will drive the global Aerospace Composites market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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