Global Aerospace Composites Market

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Global Aerospace Composites Market
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Aerospace composites market projected to grow at
a CAGR of 8.95
The global aerospace composites market is
projected to reach USD 32.35 billion by 2021, at
a CAGR of 8.95 from 2016 to 2021. The major
drivers stimulating the growth of the global
aerospace composites market are, the increasing
demand for light weight, fuel efficient and high
performance materials from commercial airline
companies, increased penetration of composites in
advanced aircraft as well as low cost carriers
and the high worldwide growth in the number of
new generation aircraft deliveries. However,
issues related to recyclability and the lack of
standardization in manufacturing technologies,
are restraining the growth of the aerospace
composites market.
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Exterior structural applications accounted for
the largest market share in the aerospace
composites market, by value
Aerospace composites are extensively used in
exterior aircraft components such as fuselage,
wings, undercarriage, propulsion system and
others. The key drivers for aerospace composites
are, the global growth in the number of airplane
deliveries in the near future, high performance
properties such as being light weight, excellent
safety acoustic features and complying
eco-friendly regulations. In order to comply with
the eco-friendly regulations, aerospace
manufacturers such as Boeing (U.S.), Airbus
(France), GE Aviation (U.S.),and others have
started using aerospace composites to
manufacture exterior as well as interior
components of aircraft.
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North America is the fastest-growing market for
aerospace composites
North America is expected to be the
fastest-growing market for aerospace composites
during the forecast period. Increased number of
aircraft deliveries, clearance in the backlog of
aircraft orders by commercial airline companies,
and the replacement of old aircraft with advanced
ones, is driving the growth of the aerospace
composites market in North America. The U.S.
leads the market for aerospace composites in
North America. Further, the penetration of
aerospace composites in the U.S. aerospace
industry is expected to increase due to capacity
expansion for the production of aerospace
composites by major composite manufacturers, the
increased budget for defense aircraft programs
and growth in the aerospace industry due to a
stable economy.
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The report provides a comprehensive analysis of
company profiles, which include

• Solvay Group (Belgium)
• Toray Industries, Ltd. (Japan)
• Teijin Ltd. (Japan)
• Hexcel Corporation (U.S.)
• Royal Ten Cate (Netherlands)
• SGL group (Germany)
• Mitsubishi Rayon Co., Ltd. (Japan)
• Materion Corporation (U.S.)
• Renegade Materials Corporation (U.S.)

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Research Coverage
The report covers the global aerospace composites
market and the usage of aerospace composites in
various structural components of different types
of aircraft. It aims at estimating the market
size and future growth potential of this market
across different segments such as application,
service, deployment type, user type, industry
verticals, and regions. Furthermore, the report
also includes an in-depth competitive analysis
of the key players in the market along with their
company profiles, SWOT analysis, recent
developments, and key market strategies.
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Reasons to buy the report
The report will help market leaders/new entrants
in this market by providing them the closest
approximations of the revenues for the overall
aerospace composites market and the subsegments.
This report will help stakeholders to better
understand the competitive landscape and gain
more insights, to better position their
businesses and market strategies. The report
also helps the stakeholders to understand the
pulse of the market and provides them
information on key market drivers, restraints,
challenges, and opportunities.
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Full Report Global Aerospace Composites Market
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