Aerospace Composites Market
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<strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong> 2018<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
<strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong> 2018<br />
<strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong> 2018: Industry Survey, Growth, Competitive<br />
Landscape and Forecasts to 2023<br />
Composite materials are used for various purposes in the aircraft industry. The advantage of composites is that they can sustain their identities and do not<br />
merge completely with each other. On mixing, the materials create a hybrid material that has better structural properties, which can be used for aerospace<br />
components. Composite materials used in aerospace industry consist of fiberglass, carbon fiber, and fiber-reinforced matrix systems or any combination of<br />
these materials. <strong>Aerospace</strong> composites are used in various aircraft frames, such as wings, aircraft interiors, and fuselage as these can sustain extreme<br />
operating conditions, including high temperature, high stress, shocks, and impact loads.<br />
Nearly 55% of the new Airbus aircraft A350XWB is manufactured using aerospace composite materials as compared to old aircraft, which used only 2–<br />
5% aerospace composites. The use of composites in the aerospace industry is mainly to reduce the overall weight and corrosion in the aircraft body. In<br />
addition to this, maintenance costs for aircraft manufactured using aerospace composites have reduced drastically in comparison to the maintenance costs<br />
for aircraft manufactured using traditional materials.<br />
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<strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong> 2018<br />
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100<br />
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “<strong>Aerospace</strong> <strong>Composites</strong><br />
<strong>Market</strong> Research Report - Global Forecast 2023”<br />
The usage of carbon fiber composites is estimated to account for 75% of the total composites used in manufacturing aircraft. There is an increasing<br />
demand for carbon fiber composites in defense and aerospace aircraft. The reason behind this is their insubstantial weight, high strength property,<br />
weather-resistant finish, and different surface textures.<br />
The global aerospace composites market is expected to grow at a CAGR of over 9%, during the forecast period from 2017 to 2023.<br />
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<strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong> 2018<br />
Segmentation:<br />
Materials used in aircraft interior parts and components must have low flammability to withstand smoke and toxic gasses released during exposure to fire.<br />
The material should also be easy to process for high volume production, due to the need for high volume of parts for aircraft interiors. Many aircraft<br />
manufacturers and component OEMs are using composites for various aircraft interiors and components. For example, the aircraft seat manufacturers use<br />
the composites to reduce the seat weight. Also, in 2014, the composites accounted for about 25% of the aircraft interior component weight. As a result, it<br />
is expected that the usage of composites is expected to witness a surge by over 40%, in the forthcoming 10 years.<br />
Browse Report @ https://www.marketresearchfuture.com/reports/aerospace-composites-market-1242<br />
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<strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong> 2018<br />
<strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong> Prominent Players:<br />
Application & Major Players in this Research:<br />
Owen Corning (U.S.),<br />
Solvay Group (Belgium),<br />
Teijin Limited (Japan),<br />
Royal Ten Cate (Netherlands),<br />
Toray Industries, Ltd. (Japan),<br />
Hexcel Corporation (U.S.),<br />
SGL Group (Germany),<br />
Kaman(U.S.), Koninklijke Ten Cate BV (Netherlands), and General Electric (U.S.).<br />
.<br />
. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1242<br />
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<strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong> 2018<br />
<strong>Aerospace</strong> <strong>Composites</strong> <strong>Market</strong> Competitive Analysis<br />
Commenting on the report, an analyst from <strong>Market</strong> Research Future (MRFR)’s team said:<br />
According to the analysis, at present, North America is the biggest market for aerospace composites across the globe.<br />
In addition, the market for aerospace composites in the North American region is likely to grow at the highest CAGR,<br />
during the forecast period, with respect to both volume and market value.<br />
Growth of the North American aerospace composites market is mainly due to the presence of mass manufacturers of<br />
aerospace parts in the region. Due to the increased requirement of carbon fiber composites, most of the companies are<br />
focusing on setting up their carbon fiber composites manufacturing plants, in North America and Europe.<br />
In Europe, the aerospace composites market is driving the aviation industry, the competition from high-speed trains,<br />
and other means of travel. In the past few years, a sudden rise in air passenger traffic and evolving global aircraft<br />
leaders in Asia Pacific have increased the growth of the aerospace composites market for this region.<br />
In Latin America, the market is expected to have a strong growth due to the increased number of low-cost carriers and<br />
rising demand from Brazil. The presence of one of the dominant aircraft competitors, Embraer, will also enhance the<br />
market expansion in the region.<br />
The Middle East & Africa is also likely to have significant growth due to the presence of aircraft competitors and<br />
growing number of maintenance, repair, and operational activities of aircraft in the region. Similarly, Central Europe<br />
and Russia would have high growth rates for the aerospace composites market, during the forecast period.<br />
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.<br />
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