Press release
Aerospace Composites Market will Exhibit a Steady High CAGR Through 2024 - PPG Industries, Mankiewicz Gebr. & Co., Akzonobel, BASF SE, Brycoat.Inc, Zodiac Aerospace, Argosy International
Carbon fiber will account for highest revenue share in the industry crossing USD 3.5 billion till 2024. Rising demand from commercial airline operators for their external structural operations will support the aerospace composites market dominance. These external operations are the primary & secondary aircraft structures that include wings, fuselage, undercarriage, and propulsion systems. Reduction in the raw material cost for production of carbon fiber will further escalate the aerospace composites market growth.
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Aerospace Composites Market from Aramid fiber will grow at over 7% CAGR from 2017 to 2024 owing to the provision of all-weather operation of commercial aircrafts and an enhanced vision system. Moreover, the features such as temperature stability and durability will further support the aerospace composites industry growth over the coming years.
Commercial aircraft is expected to dominate the aerospace composites market with 52% revenue share over the next eight years owing to rising usage of composites, especially carbon fiber in these aircrafts. Increasing expenditure in defense will support the high revenue generation till 2024. Military aircrafts will grow exponentially owing to the rising investments in military aviation across the globe. For instance, the military aviation sector in India is expected to invest approximately USD 35 billion over the next 20 years.
North America aerospace composites market is anticipated to cross USD 2 billion, capturing almost 40% revenue share till 2024. Higher consumer spending along with the constant ageing of commercial aircraft are among the primary factors influencing the overall product penetration in the region. Additionally, huge investments in defense sector in developed countries such as U.S. will induce immense potential to the regional growth. Asia Pacific aerospace composites market will witness highest growth rate over the forecast timeframe owing to rising demand of commercial aircrafts across the region, especially in the emerging economies including China.
Browse key industry insights spread across 595 pages with 747 market data tables & 25 figures & charts from the report, Aerospace Composites Market in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/aerospace-composites-market
Airbus, Boeing, BASF, E. I. du Pont de Nemours, Huntsman International, Lee Aerospace, and Hindustan Aeronautics are among the prominent players in the aerospace composites market. Other notable players include ACT Aerospace, Gurit Holding AG, Hexcel, Cytec Industries, Teijin Ltd, and Axioms Materials.
Some Point from Table of Contents:
Chapter 4. Aerospace Composites Industry, By Fiber
4.1. Global market share by fiber, 2016 & 2024
4.2. Glass
4.2.1. Market estimates and forecast from glass, 2013 – 2024, (Tons) (USD Million)
4.2.2. Market estimates and forecast by region, 2013-2024, (Tons) (USD Million)
4.3. Carbon/graphite
4.3.1. Market estimates and forecast from carbon/graphite, 2013 – 2024, (Tons) (USD Million)
4.3.2. Market estimates and forecast by region, 2013-2024, (Tons) (USD Million)
4.4. Ceramic
4.4.1. Market estimates and forecast from ceramic, 2013 – 2024, (Tons) (USD Million)
4.4.2. Market estimates and forecast by region, 2013-2024, (Tons) (USD Million)
4.5. Aramid
4.5.1. Market estimates and forecast from aramid, 2013 – 2024, (Tons) (USD Million)
4.5.2. Market estimates and forecast by region, 2013-2024, (Tons) (USD Million)
4.6. Others
4.6.1. Market estimates and forecast from others, 2013 – 2024, (Tons) (USD Million)
4.6.2. Market estimates and forecast by region, 2013-2024, (Tons) (USD Million)
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/aerospace-composites-market
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