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Aerospace Composites Market Key Players, Opportunities, Revenue and Application Type Forecast to 2023

The aerospace composites market is projected to reach $4,234.4 million by 2023. Based on type, the aerospace composites market is categorized into carbon fiber, glass fiber, aramid fiber, and others (ceramic fiber and metal fiber)

The aerospace composites market is projected to reach $4,234.4 million by 2023. Based on type, the aerospace composites market is categorized into carbon fiber, glass fiber, aramid fiber, and others (ceramic fiber and metal fiber)

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<strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong>


Global <strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong><br />

The aerospace composites market is projected <strong>to</strong> reach $4,234.4 million by <strong>2023</strong>.<br />

Based on type, the aerospace composites market is categorized in<strong>to</strong> carbon<br />

fiber, glass fiber, aramid fiber, <strong>and</strong> others (ceramic fiber <strong>and</strong> metal fiber). Of these,<br />

carbon fiber has been the largest category in the market, with an estimated volume<br />

contribution of more than 45.0% in 2017.<br />

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In terms of resin type, the aerospace composites market is categorized in<strong>to</strong><br />

thermoset, thermoplastic, <strong>and</strong> others (ceramic <strong>and</strong> metallic matrices). Among these,<br />

thermoset has been the dominant category in the market in terms of size. This can be<br />

ascribed <strong>to</strong> the increasing adoption of thermoset such as epoxy, phenolic, <strong>and</strong><br />

polyester resins in the construction of aircraft.<br />

North America has been the largest aerospace composites market so far, with an<br />

estimated volume sales share of more than 35.0% in 2017. This can be ascribed <strong>to</strong><br />

the presence of large number of composite material manufacturers such as Hexcel<br />

Corporation <strong>and</strong> Owens Corning in the region.<br />

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Global <strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong><br />

Also, these companies are undergoing expansions <strong>and</strong> acquisitions in order <strong>to</strong><br />

increase their composite product line. For instance, in June 2017, Hexcel Corporation<br />

acquired Structil SA, a producer <strong>and</strong> supplier of high-performance composites <strong>to</strong> the<br />

defense, aerospace, <strong>and</strong> industrial markets.<br />

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Some of the major players operating in the global aerospace composites market are<br />

Toray Industries Inc., Teijin Limited, Koninklijke Ten Cate bv, Hexcel Corporation,<br />

Royal DSM N.V., SGL Group, Mitsubishi Chemical Corporation, Materion <strong>Aerospace</strong><br />

Metal <strong>Composites</strong>, Renegade Materials Corporation, Quantum <strong>Composites</strong>, <strong>and</strong><br />

Solvay S.A.<br />

GLOBAL AEROSPACE COMPOSITES MARKET SEGMENTATION<br />

By <strong>Type</strong><br />

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Global <strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong><br />

• Carbon Fiber<br />

• Glass Fiber<br />

• Aramid Fiber<br />

• Others<br />

By Resin <strong>Type</strong><br />

• Thermoset<br />

• Thermoplastic<br />

• Others<br />

By Aircraft <strong>Type</strong><br />

• Commercial Aircraft<br />

• Business <strong>and</strong> General Aviation<br />

• Civil Helicopter<br />

• Military Aircraft<br />

• Others<br />

By <strong>Application</strong><br />

• Interior<br />

• Exterior<br />

By Region<br />

• North America<br />

• U.S.<br />

• Canada<br />

• Europe<br />

• Germany<br />

• U.K.<br />

• France<br />

• Italy<br />

• Russia<br />

• Rest of Europe<br />

• APAC<br />

• China<br />

• Japan<br />

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Global <strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong><br />

• India<br />

• South Korea<br />

• Rest of APAC<br />

• Latin America (LATAM)<br />

• Brazil<br />

• Mexico<br />

• Rest of LATAM<br />

• Middle-East & Africa (MEA)<br />

• U.A.E.<br />

• Saudi Arabia<br />

• South Africa<br />

• Rest of MEA<br />

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Global <strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong><br />

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