Market Overview:
The global aerospace composite materials market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and fuel-efficient aircrafts. Additionally, the increasing adoption of composites by OEMs for manufacturing commercial and military aircraft is also propelling the growth of this market. The global aerospace composite materials market can be segmented on the basis of type into glass fiber composite materials, carbon fiber composite materials, aramid fiber composite materials, and others. Of these, carbon fiber composites are expected to account for a major share in terms of revenue in 2018 owing to their high strength-to-weight ratio as well as superior thermal and electrical insulation properties as compared to other types of composites. On the basis of application, the global aerospace composite materials market can be segmented into interior applications and exterior applications. Interior applications are further subsegmented into cabin interiors and cockpit interiors while exterior applications are subsegmented into fuselage skins & frames; empennages; wings; engine nacelles & thrust reversers; landing gear doors & fairings; control surfaces (rudders, elevators); helicopter rotor blades & hubs among others).
Product Definition:
Aerospace composite materials are advanced materials that are used in the aerospace industry. They are made of two or more different materials that are combined together to create a new material. This new material has properties that are better than the individual materials it is made of. Aerospace composite materials can be used to make aircraft parts, engines, and other components.
Glass Fiber Composite Materials:
Glass fiber composites materials are made from fine fibers of glass that are reinforced with a polymer resin. Glass fiber is the most commonly used raw material for composite manufacturing. The other types of raw materials include carbon, aramid, and hybrid fibers which are combined with different polymers to produce various composites.
Composite Materials have wide range applications in aerospace industry such as aircraft structures & components, engine parts & accessories.
Carbon Fiber Composite Materials:
Carbon fiber composite materials are expected to witness high growth in aerospace applications owing to their low weight, high stiffness and strength properties. The carbon fiber composites market is still emerging and has a wide scope for development in the aerospace industry.
Application Insights:
Exterior applications include fuselage, wings, empennage and body surfaces. These components make up the external parts of an aircraft. Demand for these products is expected to increase due to their use in manufacturing lightweight structures with superior strength-to-weight ratio that enable high performance aircraft designs. The interior application segment includes panels used for cabin interiors including overhead compartments, walls and ceiling as well as furniture such as seats and tables.
Increasing demand from low cost carriers (LCCs) on account of expanding route network coupled with rising passenger traffic is anticipated to augment the product demand in the interior application segment over the forecast period. In addition, growing preference towards composites owing to their light weight properties will further fuel market growth over the next eight years.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to witness significant growth on account of increasing use of composites in aerospace and automotive industries. In addition, rising demand for commercial aircraft by the U.S., coupled with growing manufacturing sector, is likely to drive regional market growth over the forecast period.
Asia Pacific is anticipated to register a CAGR exceeding 5% during the forecast period owing to rapid development witnessed by economies such as India and China along with other countries such as Indonesia, Vietnam, South Korea among others which are considered emerging markets in terms of industrialization and economic progressiveness.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient aircrafts is expected to drive the growth of the aerospace composite materials market.
- The increasing use of composites in military aircrafts is also projected to boost the demand for aerospace composite materials in the coming years.
- The growing popularity of unmanned aerial vehicles (UAVs) is also anticipated to propel the growth of this market during the forecast period.
- Rising investments by key players in research and development activities are expected to provide impetus to the growth of this market in future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Composite Materials Market Research Report
By Type
Glass Fiber Composite Materials, Carbon Fiber Composite Materials, Aramid Fiber Composite Materials, Others
By Application
Interior, Exterior
By Companies
Solvay, Hexcel, Royal Ten Cate, Teijin, Toray Industries, Renegade Materials, Owens Corning, Materion, Mitsubishi Rayon, SGL Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Composite Materials Market Report Segments:
The global Aerospace Composite Materials market is segmented on the basis of:
Types
Glass Fiber Composite Materials, Carbon Fiber Composite Materials, Aramid Fiber Composite Materials, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Interior, Exterior
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Solvay
- Hexcel
- Royal Ten Cate
- Teijin
- Toray Industries
- Renegade Materials
- Owens Corning
- Materion
- Mitsubishi Rayon
- SGL Group
Highlights of The Aerospace Composite Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass Fiber Composite Materials
- Carbon Fiber Composite Materials
- Aramid Fiber Composite Materials
- Others
- By Application:
- Interior
- Exterior
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerospace Composite Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerospace composite materials are a type of material that is used in aircraft and spacecraft. These materials are made up of multiple layers of different types of materials, and they can be designed to withstand high levels of stress. Aerospace composite materials are often used in areas where weight is a concern, such as the wings and fuselage of aircraft.
Some of the major companies in the aerospace composite materials market are Solvay, Hexcel, Royal Ten Cate, Teijin, Toray Industries, Renegade Materials, Owens Corning, Materion, Mitsubishi Rayon, SGL Group.
The aerospace composite materials market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Composite Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aerospace Composite Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace Composite Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aerospace Composite Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aerospace Composite Materials Market Size & Forecast, 2018-2028
4.5.1 Aerospace Composite Materials Market Size and Y-o-Y Growth
4.5.2 Aerospace Composite Materials Market Absolute $ Opportunity
Chapter 5 Global Aerospace Composite Materials Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aerospace Composite Materials Market Size Forecast by Type
5.2.1 Glass Fiber Composite Materials
5.2.2 Carbon Fiber Composite Materials
5.2.3 Aramid Fiber Composite Materials
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aerospace Composite Materials Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aerospace Composite Materials Market Size Forecast by Applications
6.2.1 Interior
6.2.2 Exterior
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Composite Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace Composite Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aerospace Composite Materials Analysis and Forecast
9.1 Introduction
9.2 North America Aerospace Composite Materials Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aerospace Composite Materials Market Size Forecast by Type
9.6.1 Glass Fiber Composite Materials
9.6.2 Carbon Fiber Composite Materials
9.6.3 Aramid Fiber Composite Materials
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aerospace Composite Materials Market Size Forecast by Applications
9.10.1 Interior
9.10.2 Exterior
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aerospace Composite Materials Analysis and Forecast
10.1 Introduction
10.2 Europe Aerospace Composite Materials Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aerospace Composite Materials Market Size Forecast by Type
10.6.1 Glass Fiber Composite Materials
10.6.2 Carbon Fiber Composite Materials
10.6.3 Aramid Fiber Composite Materials
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aerospace Composite Materials Market Size Forecast by Applications
10.10.1 Interior
10.10.2 Exterior
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aerospace Composite Materials Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aerospace Composite Materials Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aerospace Composite Materials Market Size Forecast by Type
11.6.1 Glass Fiber Composite Materials
11.6.2 Carbon Fiber Composite Materials
11.6.3 Aramid Fiber Composite Materials
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aerospace Composite Materials Market Size Forecast by Applications
11.10.1 Interior
11.10.2 Exterior
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aerospace Composite Materials Analysis and Forecast
12.1 Introduction
12.2 Latin America Aerospace Composite Materials Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aerospace Composite Materials Market Size Forecast by Type
12.6.1 Glass Fiber Composite Materials
12.6.2 Carbon Fiber Composite Materials
12.6.3 Aramid Fiber Composite Materials
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aerospace Composite Materials Market Size Forecast by Applications
12.10.1 Interior
12.10.2 Exterior
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aerospace Composite Materials Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aerospace Composite Materials Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aerospace Composite Materials Market Size Forecast by Type
13.6.1 Glass Fiber Composite Materials
13.6.2 Carbon Fiber Composite Materials
13.6.3 Aramid Fiber Composite Materials
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aerospace Composite Materials Market Size Forecast by Applications
13.10.1 Interior
13.10.2 Exterior
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace Composite Materials Market: Competitive Dashboard
14.2 Global Aerospace Composite Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Solvay
14.3.2 Hexcel
14.3.3 Royal Ten Cate
14.3.4 Teijin
14.3.5 Toray Industries
14.3.6 Renegade Materials
14.3.7 Owens Corning
14.3.8 Materion
14.3.9 Mitsubishi Rayon
14.3.10 SGL Group
