Aerospace Composites Market

Aerospace Composites Market 2018
Aerospace Composites Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
According to the analysis, at present, North America is the biggest market for aerospace composites across the globe.
In addition, the market for aerospace composites in the North American region is likely to grow at the highest CAGR,
during the forecast period, with respect to both volume and market value.
Growth of the North American aerospace composites market is mainly due to the presence of mass manufacturers of
aerospace parts in the region. Due to the increased requirement of carbon fiber composites, most of the companies are
focusing on setting up their carbon fiber composites manufacturing plants, in North America and Europe.
In Europe, the aerospace composites market is driving the aviation industry, the competition from high-speed trains,
and other means of travel. In the past few years, a sudden rise in air passenger traffic and evolving global aircraft
leaders in Asia Pacific have increased the growth of the aerospace composites market for this region.
In Latin America, the market is expected to have a strong growth due to the increased number of low-cost carriers and
rising demand from Brazil. The presence of one of the dominant aircraft competitors, Embraer, will also enhance the
market expansion in the region.
The Middle East & Africa is also likely to have significant growth due to the presence of aircraft competitors and
growing number of maintenance, repair, and operational activities of aircraft in the region. Similarly, Central Europe
and Russia would have high growth rates for the aerospace composites market, during the forecast period.
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