Press release
Aeroengine CFRP Market is Forecasted to Reach US$ 1609 million in 2030, Says Stratview Research
The global aeroengine CFRP market is projected to witness a growth rate of 5.1% annually from 2024 to 2030, with an anticipated size of US$ 1609 million by 2030, according to an analysis by Stratview Research.Stratview Research, a global market research firm has launched a report on the global aeroengine CFRP market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3772/aeroengine-cfrp-market.html#form
Report Highlights:
Market Size in 2030: US$ 1609 million
Growth (CAGR): 5.1% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Segment Insights on the Aeroengine CFRP Market:
The global aeroengine CFRP market is segmented based on application type, aircraft type, process type, resin type, engine type, and region.
Based on application type - The market is segmented into fan blade & case, outlet guide vane, spacer/platform, and others. Fan blade & case is expected to remain the widely used application in the market during the forecast period followed by OGV and Others. Composite fan blades & cases lead the market, meeting aerospace industry priorities for fuel efficiency, emissions reduction, and performance. Key engines, such as LEAP, GEnx, and GE90, are using composite fan blades. Composite fan blades are 66% lighter than titanium fan blades (GE90 engine) and fan cases are 30% lighter than aluminum fan cases (LEAP engine). OGV is another strong composite application in aero engines. BMI is preferred in OGVs, due to its outstanding heat resistance and minimal thermal expansion coefficient.
Based on the product type - The market is segmented into civil aircraft and military aircraft. Civil Aircraft is expected to remain the dominant aircraft in the market during the forecast period. The increasing demand for civil aircraft is driving growth in both narrow-body and wide-body aircraft programs. The aircraft category is primarily equipped with turbofan engines, leading to an increased utilization of composite parts. Today, almost all the major aeroengines used in commercial aircraft programs contain composites. However, a handful of those drive the demand for composites.
Based on the process type - The market is segmented into prepreg autoclave, resin transfer molding (rtm), and others. Prepreg layup is the dominant process, whereas RTM remains the fastest-growing process during the forecast period. Prepreg layup is the traditional process that ensures outstanding durability and surface quality. Produces parts with uniform resin distribution and minimized voids. Except for GE, other major engine makers mainly rely on the prepreg layup process. RTM, as the partnership between Albany and Safran, has propelled the role of RTM technology in the market.
Based on the resin type - The market is segmented into epoxy, bismaleimide (bmi), cyanate ester (ce), polyimide (pi), and others. Epoxy resin is anticipated to lead the market, followed by BMI and polyimide. Epoxy offers high strength, excellent adhesion, and chemical resistance properties, gaining preference in the fan section. BMI is gaining momentum in the market due to its exceptional performance in high-temperature applications. Key parts like OGVs, VBV ducts, and exhaust flaps.
Based on the engine type - The market is segmented into turbofan, turboprop, and others (piston, turbojets, etc. Turbofan is estimated to remain the most popular engine for CFRPs. The demand for CFRPs in turbofans is driven by the increasing delivery of civil aircraft, which mainly includes narrow-body and wide-body programs like the A320Neo, B737Max, B787, B777, and B767. Leading companies, such as Hartzell, MT Propellers, and Dowty, are prominently engaged in the production of composite propellers for turboprop engines.
To know the most attractive segments, visit:
https://www.stratviewresearch.com/3772/aeroengine-cfrp-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to remain the largest market for Aeroengine CFRPs during the forecast period. This growth outlook is majorly attributed to the following-
- North America is the hub of key players such as Albany, GE, Meggitt, and CFAN.
- M&A activities in North America are reshaping the competitive landscape [Parker acquired Meggitt, Melrose acquired GKN, etc.
Aeroengine CFRP Market Drivers:
Some of the key drivers listed in the report are given below.
- Rapid growth in the manufacturing and utilization of composites in parts like fan blades.
- Increased production of composite rich engines (LEAP and GEnx).
- Engine manufacturers have been increasing the usage of composites in aero engines to drive fuel efficiency and engine bypass ratio enhancement.
Top Companies in the Aeroengine CFRP Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Albany International Corp
• GE Aerospace
• CFAN
• Parker Meggitt
• GKN Aerospace
• Northrop Grumman
• FACC
• IHI
• Rolls-Royce
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Aeroengine CFRP Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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