Aerospace Composites Market 2018-2023 | Key Companies Overview By Owen Corning, Solvay, Teijin, Royal Ten Cate, Toray, Hexcel, SGL, Koninklijke Ten Cate and General Electric
Composite materials are used for various purposes in the aircraft industry. The advantage of composites is that they can sustain their identities and do not merge completely with each other. On mixing, the materials create a hybrid material that has better structural properties, which can be used for aerospace components. Composite materials used in aerospace industry consist of fiberglass, carbon fiber, and fiber-reinforced matrix systems or any combination of these materials. Aerospace composites are used in various aircraft frames, such as wings, aircraft interiors, and fuselage as these can sustain extreme operating conditions, including high temperature, high stress, shocks, and impact loads.
Nearly 55% of the new Airbus aircraft A350XWB is manufactured using aerospace composite materials as compared to old aircraft, which used only 2–5% aerospace composites. The use of composites in the aerospace industry is mainly to reduce the overall weight and corrosion in the aircraft body. In addition to this, maintenance costs for aircraft manufactured using aerospace composites have reduced drastically in comparison to the maintenance costs for aircraft manufactured using traditional materials.
Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1242
The usage of carbon fiber composites is estimated to account for 75% of the total composites used in manufacturing aircraft. There is an increasing demand for carbon fiber composites in defense and aerospace aircraft. The reason behind this is their insubstantial weight, high strength property, weather-resistant finish, and different surface textures.
Composite material have many advantages, such as excellent fatigue and corrosion resistance property, strength-to-weight ratio is high and composites also withholds against high impact load. Reduction in weight is particularly important in a market environment with high fuel prices and stringent aircraft emissions standards. The air transport sector has started using composites in the last few decades. For example, Airbus A320 started using composite material in the late 1980s and Boeing 777 implemented the use of composites to 10-15% percent of the total structural weight per plane. New technologies and integrated process innovations led to automated tape laying, decreased costs, and increased use of composites in Airbus A380 and Boeing 787 Dreamliner, along with the recently revamped Airbus A350 XWB. The aerospace composites are used right from the initial production of aircraft to the maintenance, repair, and overhaul (MRO) services.
The global aerospace composites market is expected to grow at a CAGR of over 9%, during the forecast period from 2017 to 2023.
The key players for the global aerospace composites market are Owen Corning (U.S.), Solvay Group (Belgium), Teijin Limited (Japan), Royal Ten Cate (Netherlands), Toray Industries, Ltd. (Japan), Hexcel Corporation (U.S.), SGL Group (Germany), Kaman(U.S.), Koninklijke Ten Cate BV (Netherlands), and General Electric (U.S.).
Materials used in aircraft interior parts and components must have low flammability to withstand smoke and toxic gasses released during exposure to fire. The material should also be easy to process for high volume production, due to the need for high volume of parts for aircraft interiors. Many aircraft manufacturers and component OEMs are using composites for various aircraft interiors and components. For example, the aircraft seat manufacturers use the composites to reduce the seat weight. Also, in 2014, the composites accounted for about 25% of the aircraft interior component weight. As a result, it is expected that the usage of composites is expected to witness a surge by over 40%, in the forthcoming 10 years.
• Distributor & Supplier Companies
• Consultants and Investment Bankers
• Government as well as Independent Regulatory Authorities
• Glass Fiber
• Carbon Fiber
• Aramid Fiber
• North America
• Asia Pacific
• Middle East & Africa
• South America
According to the analysis, at present, North America is the biggest market for aerospace composites across the globe. In addition, the market for aerospace composites in the North American region is likely to grow at the highest CAGR, during the forecast period, with respect to both volume and market value.
Growth of the North American aerospace composites market is mainly due to the presence of mass manufacturers of aerospace parts in the region. Due to the increased requirement of carbon fiber composites, most of the companies are focusing on setting up their carbon fiber composites manufacturing plants, in North America and Europe.
In Europe, the aerospace composites market is driving the aviation industry, the competition from high-speed trains, and other means of travel. In the past few years, a sudden rise in air passenger traffic and evolving global aircraft leaders in Asia Pacific have increased the growth of the aerospace composites market for this region.
In Latin America, the market is expected to have a strong growth due to the increased number of low-cost carriers and rising demand from Brazil. The presence of one of the dominant aircraft competitors, Embraer, will also enhance the market expansion in the region.
The Middle East & Africa is also likely to have significant growth due to the presence of aircraft competitors and growing number of maintenance, repair, and operational activities of aircraft in the region. Similarly, Central Europe and Russia would have high growth rates for the aerospace composites market, during the forecast period.
Early Diners Are Offered Free Customization- Up to 20%
Get Attractive Discount @ https://www.marketresearchfuture.com/check-discount/1242
Table of Contents
1 Executive Summary$ 1,350.00
2 Scope of the Report$ 0.00
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Commercialscape$ 950.00
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics$ 950.00
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List of Tables$
Table 1 Global Aerospace Composites Market: by Region, 2017-2023
Table 2 North America Aerospace Composites Market: by Country, 2017-2023
Table 3 Europe Aerospace Composites Market: by Country, 2017-2023
Table 4 Asia Pacific Aerospace Composites Market: by Country, 2017-2023
Table 5 Row Aerospace Composites Market: by Country, 2017-2023
Table 6 Global Aerospace Composites Market, by Type by Regions, 2017-2023
Table 7 North America Aerospace Composites Market, by Type by Country, 2017-2023
Table 8 Europe Aerospace Composites Market, by Type by Country, 2017-2023
Table 9 Asia Pacific Aerospace Composites Market by Type by Country, 2017-2023
Table 10 Row Aerospace Composites Market by Type by Country, 2017-2023
Ask for your specific company profile and country level customization on reports.
Get More Information on Aerospace Composites Market Research Report- Global Forecast to 2023 @ https://www.marketresearchfuture.com/reports/aerospace-composites-market-1242
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Research Future
Office No. 524/528
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aerospace Composites Market 2018-2023 | Key Companies Overview By Owen Corning, Solvay, Teijin, Royal Ten Cate, Toray, Hexcel, SGL, Koninklijke Ten Cate and General Electric here
News-ID: 1430842 • Views: 347
More Releases from Market Research Future
Dermal Fillers Market Business Insights & Deep Analysis to 2025 by World’s Top …
Market Scope The global dermal filler market can reach a valuation of USD 6,899.16 million by 2025. It is predicted to expand at a CAGR of 13.2% over the forecast period. Dermal fillers or wrinkle fillers are solutions injected into the skin. Its effects can last from six months to two years. Efforts are being made to prolong its effects and revolutionize anti-aging. The global dermal filler market report by Market Research
Field Programmable Gate Array Market 2021 Size, Share, Industry Analysis, Emergi …
Field Programmable Gate Array Market by technology (EEPROM, Antifuse, SRAM, Flash, and others (EPROM and PROM), by Application (data processing, consumer electronics, industrial, military & aerospace, automotive, telecom, and others), and by Type (high-end, mid-end, and low-end FPGA) - Global Opportunity Analysis and Industry Forecast, 2017-2023 According to a recent report published by Allied Market Research, titled, Field Programmable Gate Array Market by Technology, Application, and Type: Global Opportunity Analysis and
Semiconductor IC Tester Market Growth Factor, Demand, Size, Share, Trends, Growt …
The Semiconductor IC Tester Market research report includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the Semiconductor IC Tester market growth. Semiconductor IC Tester is
Tilt Sensor Market Share, COVID-19 Pandemic Impact, Comprehensive Analysis, Oppo …
Global Tilt Sensor Market Highlights: The global Tilt Sensor Market is growing rapidly over 7.42% of CAGR and is expected to reach at USD 257.64 million by the end of forecast period. The global tilt sensor market has been witnessing a steady growth over the last few years on account of rapid growth of automobile and transportation market, high implementation of sensors in the constructions machines and rising demand for tilt
More Releases for Composite
New & Enhanced Composite Decking from TimberTechUK
For those who know, composite decking offers both home and business owners alike a superior deck option for their outdoor spaces. Created using a combination of natural wood and synthetic materials, it combines all of the prowess of real wood decking with the extremely low-maintenance properties of plastic decking. Resulting in a flooring product that offers the best of both worlds with none of the drawbacks. The long, painful hours
Automotive Composite Suspension Component Market
The Automotive Composite Suspension Component Market report provides a detailed overview of the industry including both qualitative and quantitative information with detailed market segmentation by component, vehicle, process. The global automotive composite suspension component market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive composite suspension component market players and offers key trends and opportunities in
Global Tooling Composite Market Growth 2019-2024
The composite tools are made either from glass fiber or carbon fiber mixed with a suitable matrix (resin) such as epoxy, BMI, and others. The composite tools provide lightweight, dimensionally accurate, and affordable tooling. The increasing penetration of tooling composites in aerospace and other niche applications is the driving force of the global tooling composites market. Global tooling composite consumption and production market, by geography is segmented into Europe, USA, Japan
Composite Kitchen Sinks Market
Dulcimer Instruction Market The Global Dulcimer Instruction Market 2019 Research Report incorporates a total and careful investigation of Dulcimer Instruction industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Dulcimer Instruction development patterns, assortment of uses, use volume, request and supply examination, creation limit and Dulcimer Instruction industry cost structures amid Forecast period from 2019 to 2025. The report titled Global Dulcimer Instruction Market 2019
Composite Plate Market
Composite Plate Market Research 2017 A market study ” Global Composite Plate Market ” examines the performance of the Composite Plate market 2017. It encloses an in-depth Research of the Composite Plate market state and the competitive landscape globally. This report analyzes the potential of Composite Plate market in the present and the future prospects from various angles in detail. The Global Composite Plate Market 2017 report includes Composite Plate market Revenue,
Global Composite Packaging Market 2016-2020
Researchmoz added Most up-to-date research on "Global Composite Packaging Market 2016-2020" to its huge collection of research reports. About Composite Packaging Paperboard composite cans are mainly used in the packaging of a wide range of food and beverages products, including snacks and instant beverages, soups and sauces. A paperboard composite can's end closures, one or both, are permanently affixed and have a convolute wound or spiral wound to form a rigid body.