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    Aerospace Composites Market | Market Size, Share & Forecast | Covid-19 Impact Analysis

    Aerospace Composites Market | Market Size, Share & Forecast | Covid-19 Impact Analysis

    Aerospace Composites Market | Market Size, Share & Forecast | Covid-19 Impact Analysis
    Report code - SRAD310 Delivery - 2 Weeks
    Aerospace Composites Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Aerospace Composites Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aerospace Composites Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aerospace Composites Market Insights

    Aerospace composites market is likely to witness an impressive CAGR of 8.5% during the forecast period. The prime factor that is contributing to the growth of the market is mainly the increasing usage of aerospace composite fabrics in various aircraft, such as commercial, regional, and military aircraft.

    Aerospace Composites Market - Snapshot

    Growth

    8.5% for the next five years

    Major Fiber Type

    Carbon Fiber

    Dominant Aircraft Type

    Commercial Aircraft

    Region with the highest demand

    North America

    Key Players

    Solvay S.A., Hexcel Corporation, Royal Tencate N.V., Teijin Limited,

    Toray Industries, Inc., SGL Group—The Carbon Company,

    Owens Corning, Materion Corporation, Mitsubishi Rayon Co. Ltd.,

    and Renegade Materials Corporation

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    Market Share Analysis

    Aerospace Composites Market Share: By Fiber Type

    Based on the fiber type, the market is segmented as carbon fiber, ceramic fiber, glass fiber, and others. The carbon fiber segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The increasing demand for carbon fiber in the aerospace & defense industry is driving the growth of this segment. Carbon fiber possesses various properties such as high inherent strength, lightweight, weather-resistance, and offers a variety in surface textures.

    Aerospace Composites Market Share: By Aircraft Type

    Based on the aircraft type, the aerospace composites market is segmented as commercial aircraft, business and general aviation, civil helicopters, military aircraft, and others. The commercial aircraft segment dominates the market, as the latest aircraft program, A350XWB, uses a significantly larger amount of aerospace composite material, compared to older aircraft programs, which use only 2-5% of the material. Further, various factors such as high corrosion-resistance, low-maintenance cost, and lightweight are fueling the growth of the segment during the forecast period.

    Aerospace Composites Market Share: By Region

    In terms of regions, North America is estimated to be the largest as well as the fastest-growing aerospace composites market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the increasing usage of composite material in the commercial and military aircraft. Further, the presence of a large number of aircraft manufacturers and mass production of aerospace parts using aerospace composites are bolstering the growth of the market in the North American region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Some of the major players in the aerospace composites market are- 

    • Owen Corning
    • Solvay S.A.
    • Hexcel Corporation
    • Royal TenCate N.V.
    • Teijin Limited
    • Toray Industries, Inc.

     

    Market Scope & Segmentation

    Composite materials are used in various applications in the aerospace & defense industry. They possess various properties such as lightweight, high strength, weather-resistant finish, and different surface textures.

    Composite materials also offer a host of other advantages, such as excellent fatigue and corrosion resistant properties, high strength-to-weight ratio, and the ability to withhold against high impact load.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Aerospace Composites Market Research Report - Features

    Market Segmentation

    6

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The aerospace composites market is segmented into the following categories. 

    Aerospace Composites Market Size, Share, & Forecast, by Fiber Type:

    • Carbon Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ceramic Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Composites Market Size, Share, & Forecast, by Resin Type:

    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Phenolic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyimide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermoplastic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ceramic and Metal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Resin Type Analysis: Benzoxazine, Cyanate Ester, and Bismalimide (BMI))

    Aerospace Composites Market Size, Share, & Forecast, by Aircraft Type:

    • Commercial Aircraft
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Aircraft Type Analysis: Single Aisle Aircraft, Wide-body Aircraft, and Regional Jets)
    • Business and General Aviation
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Aircraft Type Analysis: Business Jet and Piston & Turboprop)
    • Civil Helicopters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Aircraft Type Analysis: Unmanned Aerial Vehicles (UAV) and Spacecraft)

    Aerospace Composites Market Size, Share, & Forecast, by Manufacturing Process Type:

    • AFP/ATL (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lay-Up (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • RTM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Filament Winding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Composites Market Size, Share, & Forecast, by Application Type:

    • Interior
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Seats, Cabin, Sandwich Panel, and Environmental Control System (ECS) Ducting)
    • Exterior
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Fuselage, Engine, Wings, Rotor Blades, and Tail Boom)

    Aerospace Composites Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the fiber types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Aerospace Composites Market in the foreseeable future?

    Driven by the factors like increasing usage of aerospace composite fabrics in various aircraft, such as commercial, regional, and military aircraft, the aerospace composites market is expected to grow at a CAGR of 8.5% in the foreseeable future.

    Which type of aircraft is expected to remain dominant in the Aerospace Composites Market?

    The commercial aircraft segment is expected to remain dominant aircraft type in the aerospace composites market.

    Who are the key players in the Aerospace Composites Market?

    Owen Corning, Solvay S.A., Hexcel Corporation, Royal TenCate N.V., Teijin Limited, and Toray Industries, Inc. are among the key players in the aerospace composites market.

    Which country/region is expected to remain the largest Aerospace Composites Market?

    North America is expected to remain the largest market for aerospace composites in the coming five years.

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