Aerospace Composites Market to Exhibit 9.1% CAGR; Thriving Civil Aviation Industry to Provide Growth Promise - TMR

News provided by

Sep 27, 2018, 09:30 ET

ALBANY, New York, September 27, 2018 /PRNewswire/ --

Featuring a largely consolidated vendor landscape, the global aerospace composites market had the three leading companies collectively accounting for over half of the overall market in 2015, according to a recent market research report by Transparency Market Research. High growth prospects of the market have attracted several new players to the market in the past few years and the market is steadily becoming a more fragmented space. In the near future, new players could pose challenge to the growth potential of established vendors.

(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Some of the leading companies operating in the global aerospace composites market are Huntsman International LLC, Toray Industries Inc., SGL-The Carbon Company, Hexcel Corporation, and Cytec Solvay Group.

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=21086

According to the report, the market will rise from a valuation of US$11.5 bn in 2015 to a revenue opportunity of US$24.8 bn by 2024, exhibiting an impressive 9.1% CAGR from 2016 to 2024. From a geographical standpoint, the market for aerospace composites in North America accounted for the dominant share of 35.4% in the overall market in 2015, thanks chiefly to the presence of leading aircraft manufacturers and the high density air traffic. Of the key product varieties in the market, the segment of carbon fiber composites is expected to remain the most popular owing to the benefits of structures made from carbon fiber in terms of fuel efficiency and a low carbon emission quotient.

High Rise in Demand for Lightweight Aircrafts to Help Market Sail at Steady Pace

There has been increased focus on the development of lightweight aircrafts in the past few years that ensure fuel efficient behavior, have improved payloads, which is highly desirable in machines used in the military sector, and pose less harm to the environment. As the use of lightweight composites enables the production of such aircrafts, the rising global demand for lightweight aircrafts is likely to emerge as one of the leading drivers of the global aerospace composites market in the near future.

Browse Research Release at https://www.transparencymarketresearch.com/aerospace-composites-market.html

The thriving civil aviation industry, especially across emerging economies across the globe, is also expected to bode well for the market. Moreover, the market is also expected to benefit from the vast technological advancements witnessed in the aerospace composites sector, increased demand for airplanes, and the high order backlogs with some of the most eminent manufacturers of aircrafts.

High Cost of Carbon Fiber Could Hinder Growth Prospects

Despite mostly promising growth opportunities, some factors continue to cloud the growth prospects of the market, key ones of which include the high cost of popular composites such as carbon fiber. The usage of carbon fiber still remains high owing to the high demand from military applications.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=21086

Nevertheless, the market is likely to be influenced by the rising adoption of additive manufacturing techniques in the aerospace domain. With 3D printed parts such as small and lightweight compressors, screw threads, and new-age fasteners being installed in aircrafts, companies operating in the aerospace composites sector could benefit from developing new composites suitable for the additive manufacturing industry.

This analysis of the global aerospace composites market has been based on a recent market research report by Transparency Market Research, titled "Aerospace Composites Market (Product - Carbon Fiber Composites, Glass Fiber Composites, and Aramid Fiber Composites; Application - Commercial & Business Aircraft, Military, Helicopters, and Space) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024."

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=21086

For the study, the market has been segmented as follows:

Aerospace Composites Market - Product Type Analysis

Carbon Fiber Composites
Glass Fiber Composites
Aramid Fiber Composites
Others

Aerospace Composites Market - Application Type Analysis

Commercial & Business Aircraft
Military
Helicopters
Space

Aerospace Composites Market - Regional Analysis

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Latin America
- Brazil
- Mexico
- Rest of Latin America

Browse More Chemical & Materials Market Research Reports

Popular Research Reports by TMR:

Graphene Composites Market (Product Type - Polymer based Graphene Composites, Ceramic based Graphene Composites, Metal based Graphene Composites Market Graphene Composites, Others (Cement, Carbon Fillers, etc.); End use Industry - Electronics, Building and Construction, Aerospace, Automotive, Aerospace, Energy Storage and Generation, Others - Textiles, Paints and Coatings, Health Care Devices): https://www.transparencymarketresearch.com/graphene-composites-market.html
Engineering Plastic Compounds Market (Compound Type - Polycarbonate (PC) Compound, Polyamide (PA) Compound, Polymethyl Methacrylate (PMMA) Compound, Polyacetal/Polyoxymethylene (POM) Compound, PET Compound, PBT Compound, Polyphenylene Oxide (PPO/PPE Blends) Compound, Fluoropolymer (PTFE and Other FPs) Compound, Polyphenylene Sulfide (PPS) Compound, Acrylonitrile Butadiene Styrene (ABS) Compound, Styrene-Acrylonitrile (SAN) Compound, Thermoplastic Elastomer Compound (TPE-s: Styrenic Block Copolymers, TPE-o: Thermoplastic Polyolefin Elastomers, TPE-v: Thermoplastic Vulcanizates, TPE-u: Thermoplastic Polyurethanes, TPE-e: Thermoplastic Copolyesters, TPE-a: Thermoplastic Polyamides): https://www.transparencymarketresearch.com/engineering-plastics-market.html
Fiber-reinforced Composites Market (Product - Short Fiber-reinforced Composites, Long Fiber/Continuous Reinforced Composites; Matrix -Polymer Matrix, Metal Matrix, Non-metal Matrix; Fiber Type - Glass, Carbon, Aramid; End use Industry - Automotive, Building and Construction, Aerospace, Electrical & Electronics, Marine, Sports and Leisure): https://www.transparencymarketresearch.com/fiber-reinforced-composites.html

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]