Aerospace Composites Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report to 2023

The aerospace composites market is projected to reach $4,234.4 million by 2023. The market growth is mainly driven by the expanding commercial aircraft fleet worldwide, increasing demand for carbon fiber composites in aerospace applications, and growing application of composites in military aviation.the aerospace composites market is categorized into carbon fiber, glass fiber, aramid fiber, and others (ceramic fiber and metal fiber). Of these, carbon fiber has been the largest category in the market, with an estimated volume contribution of more than 45.0% in 2017. The largest share of the category is ascribed to its superior properties over other types, such as high tensile strength, high stiffness, exceptionally light-weight, and improved durability.

Request to get the report sample pages: www.psmarketresearch.com/market-analysis/aerospace-composites-market/report-sample

On the basis of aircraft type, the aerospace composites market is categorized into commercial aircraft, business and general aviation aircraft, military aircraft, civil helicopter, and others (spacecraft). The commercial aircraft category has been leading the market, with an estimated revenue contribution of more than 50.0% in 2017. The large-scale production of these aircraft and increase in air travel worldwide is the major reason for the category’s largest share.

North America has been the largest aerospace composites market so far, with an estimated volume sales share of more than 35.0% in 2017. This can be ascribed to the presence of large number of composite material manufacturers such as Hexcel Corporation and Owens Corning in the region. Also, these companies are undergoing expansions and acquisitions in order to increase their composite product line. For instance, in June 2017, Hexcel Corporation acquired Structil SA, a producer and supplier of high-performance composites to the defense, aerospace, and industrial markets.

Explore Full Report With TOC: www.psmarketresearch.com/market-analysis/aerospace-composites-market

Europe is estimated to be the second largest aerospace composites market, with more than 25.0% volume sales contribution in 2017. The market in the region is powered by the presence of strong aircraft manufacturing companies such as Airbus SE, ArianeGroup, and European Satellite Navigation Industries. Further, in France, the production of aircraft is increasing owing to the increase in air travel and tourism in the country.

Some of the major players operating in the global aerospace composites market are Toray Industries Inc., Teijin Limited, Koninklijke Ten Cate bv, Hexcel Corporation, Royal DSM N.V., SGL Group, Mitsubishi Chemical Corporation, Materion Aerospace Metal Composites, Renegade Materials Corporation, Quantum Composites, and Solvay S.A.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:

P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

This release was published on openPR.