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Aerospace Composites Market 2018-2025: Leading Players Overview Unitech Aerospace, Ascent Aerospace, Hindustan Aeronautics Limited, AIM Aerospace, Inc., VX Aerospace, Hexcel Corporation, Solvay, SGL Carbon, Toray Industries, Inc., Teijin
Press release from: Data Bridge Market Research
This market report defines the market trends and forecast the upcoming opportunities and threats of the aerospace composites market in the next 8 years. On the basis of fibre, the global aerospace composite market is segmented into carbon, glass, and ceramic carbon fibre is the primary material for the construction in aircrafts. It has high resistance and high stiffness with low weight properties. Glass fibre provides unique reinforcement properties which include balance of strength, fibre toughness .Ceramic fibres are those fibres which are basically used in heat shields for fire protection in aircraft. Thermoplastic is also one of the most important resign in aerospace composite material. In 2014 according to the article published by compositesworld, thermoplastic contribute 0.6 percent of the total aero structures in all materials and it contribute 3.7 percent of total composite shipments. In 2015 thermoplastic composites of about 15.5 percent of total finished aerospace components. Due to the major contribution of composite material in aerospace will impact the growth of the market in future.
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Some of the major players operating in the global aerospace composites market are –
TORAY INDUSTRIES, INC,
Hindustan Aeronautics Limited,
Marshall of Cambridge Aerospace Limited,
Competitive Analysis: Global Aerospace Composites Market
The global aerospace composites market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aerospace composites market for global, Europe, North America, Asia Pacific and South America.
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Market segmentation: Global Aerospace Composites Market
• The global aerospace composites market is segmented based on fibre, resin, aircraft and geographical segments.
• Based on fibre, the global aerospace composites market is segmented into carbon, glass, ceramic and others.
• On the basis of resin, the global aerospace composites market is segmented into epoxy, phenolic, polyester, polyimides, thermoplastics, ceramic & metal matrix, and others.
• On the basis of aircraft, the global aerospace composites market is segmented into manufacturing process, application, region, and others.
• Based on geography, the global aerospace composites market report covers data points for 28 countries across multiple geographies namely
Middle East & Africa
• Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Major Market Drivers and Restraints:
• Increasing use of aerospace composites in commercial aircraft
• Replacement of old aircraft and increase in production to expedite processing of purchase order backlogs
• Reduction in manufacturing and assembling costs
• Lack of standardization in manufacturing technologies
• Issues related to recyclability
Market Analysis: Global Aerospace Composites Market
The Global Aerospace Composites Market is expected to reach USD 57.04 billion by 2025, from USD 26.90 billion in 2017, growing at a CAGR of 9.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Frequently Asked Questions:
- What will the market size be in 2025?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2025?
- Which strategies are used by top players in the Global Aerospace Composites Market?
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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