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 $17.6 billion by 2022. The major growth drivers for this market are increasing demand of lightweight materials to increase the fuel efficiency, growth of aircraft with high composite penetration such B787, A350WXB, and A380, and increasing use of composite in aftermarket.
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In this market, carbon fiber, glass fiber, and aramid fiber are the major fiber used to fabricate various aircraft components. On the basis of our comprehensive research, Lucintel forecasts that carbon composites will show above average growth during the forecast period. Increasing penetration of carbon composites in commercial aircraft such as B787, A350XWB, and A380 is expected to spur growth for this segment over the forecast period from 2017 to 2022.
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By aircraft type, commercial aircraft is expected to remain the largest market by value and volume consumption followed by military aircraft.
By type of structure, primary structure is expected to remain the largest market by value and volume due to high composite consumption and new aircraft model with higher composite penetration in structural parts.
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North America is expected to remain the largest region during the forecast period due to high demand for newer aircraft and the ongoing replacement of an aging fleet.
Emerging trends, which have a direct impact on the dynamics of the industry, include the use of nano-composites and recycling of advanced composites. Hexcel, Cytec, Toray, TenCate, and Gurit are among the major suppliers of aerospace composite materials.
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The study includes a forecast for composites in the global aerospace market by aircraft type, material type, manufacturing process, type of structure, and region as follows:
Composites in the Aerospace Market by Aircraft Type (Value ($ Million) and Volume (M lbs) from 2011 to 2036):
Commercial aircraftRegional aircraftGeneral aviationHelicopterMilitary aircraftOthers
Composites in the Aerospace Market by Material Type (Volume (M lbs) from 2011 to 2022):
Carbon CompositesGlass CompositesAramid CompositesOthers
Composites in the Aerospace Market by Manufacturing Process (Volume (M lbs) from 2011 to 2022):
Hand Lay-UpAFP/ATLRTMInjection MoldingCompression MoldingOthers
Composites in the Aerospace Market by type of Structure (Value ($ Million) and Volume (M lbs) from 2011 to 2022):
Composites in the Aerospace Market by Region (Volume (M lbs) from 2011 to 2022):
North AmericaEuropeAsia PacificThe Rest of the World
This 291-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 click on this link http://www.lucintel.com/toc/composites-in-the-aerospace-market-2033.aspx or firstname.lastname@example.org .
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