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Aerospace Composites Market 2018 - Global Industry Research, Application & Demand: Top Key Players SGL Group, Solvay, Hexcel, VX Aerospace, AIM Aerospace, ATLAS COMPOSITE

 

Pune, India -- (SBWIRE) -- 07/16/2018 -- Competitive Analysis:

The global aerospace composites market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aerospace composites market for global, Europe, North America, Asia Pacific and South America.

Market Analysis:

The Global Aerospace Composites Market is expected to reach USD 57.04 billion by 2025, from USD 26.90 billion in 2017, growing at a CAGR of 9.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Global Aerospace Composites Market, By Fibre Type (Carbon, Glass, Ceramic), By Resin Type (Epoxy, Phenolic, Polyester, Polyimides, Thermoplastics, Ceramic and Metal Matrix), By Aircraft Type, (Manufacturing Process, Application, Region), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025

Major Market Drivers and Restraints:

Increasing use of aerospace composites in commercial aircraft
Replacement of old aircraft and increase in production to expedite processing of purchase order backlogs
Reduction in manufacturing and assembling costs
Lack of standardization in manufacturing technologies
Issues related to recyclability

Market segmentation:

The global aerospace composites market is segmented based on fibre, resin, aircraft and geographical segments.
Based on fibre, the global aerospace composites market is segmented into carbon, glass, ceramic and others.

On the basis of resin, the global aerospace composites market is segmented into epoxy, phenolic, polyester, polyimides, thermoplastics, ceramic & metal matrix, and others.

On the basis of aircraft, the global aerospace composites market is segmented into manufacturing process, application, region, and others.

Based on geography, the global aerospace composites market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

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Market Definition:

This market report defines the market trends and forecast the upcoming opportunities and threats of the aerospace composites market in the next 8 years. On the basis of fibre, the global aerospace composite market is segmented into carbon, glass, and ceramic carbon fibre is the primary material for the construction in aircrafts. It has high resistance and high stiffness with low weight properties. Glass fibre provides unique reinforcement properties which include balance of strength, fibre toughness .Ceramic fibres are those fibres which are basically used in heat shields for fire protection in aircraft. Thermoplastic is also one of the most important resign in aerospace composite material. In 2014 according to the article published by composites world, thermoplastic contribute 0.6 percent of the total aero structures in all materials and it contribute 3.7 percent of total composite shipments. In 2015 thermoplastic composites of about 15.5 percent of total finished aerospace components. Due to the major contribution of composite material in aerospace will impact the growth of the market in future.

Top Key Competitors:

- TEIJIN LIMITED
- TORAY INDUSTRIES, INC
- SGL Group
- Solvay
- Hexcel
- VX Aerospace
- AIM Aerospace
- CTG
- Hindustan Aeronautics Limited
- ATLAS COMPOSITE
- Sdcomposites
- Ascent Aerospace
- Unitech Aerospace
- Marshall of Cambridge Aerospace Limited
- Marshall Land Systems Limited
- Among others.

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