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Aerospace Composites Market

Aerospace Composites Market (Product - Carbon Fiber Composites, Glass Fiber Composites, and Aramid Fiber Composites; Application - Commercial & Business Aircraft, Military, Helicopters, and Space) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

The aerospace sector of a region holds immense relevance for national authorities and state planners. Several indicators of national growth and development use the performance of the aerospace sector to evaluate various metrics. Furthermore, aerospace operations have helped a number of countries in gathering the reins of development and national progress. In this scenario, the investment index of the global aerospace composites market is expected to improve in the years to follow. Aerospace composites help in enhancing the performance of various equipment and aids. In this scenario, the global value of the aerospace composites market is projected to increase in the times to follow.

  • The aerospace sector hosts a robust manufacturing, repair, and overhaul (MRO) domain. The presence of an ever-evolving MRO sector has been a gamechanger for the global aerospace industry. Therefore, the total worth of the global aerospace composites market is slated to escalate in the years to follow. The aerospace sector functions in conjunction with the defense industry, and this is an important consideration from the perspective of evaluating market growth. The interdependence of the two industries has paved way for the inflow of fresh revenues across the aerospace composites market. Aerospace technologies have played a defining role in ascertaining growth across national territories.
  • Over the course of the next decade, investments in aerospace research could increase by a noticeable margin. These investments are projected to trickle down to the global aerospace composites market in the years to follow. Furthermore, research related to the development of high-performance composites has also garnered the attention of the masses. Aerospace engineering is an investment-heavy area, creating new inlets for market growth. Government authorities have played an integral role in enhancing the functional dynamics of the aerospace sector. This is an important dynamic responsible for the expansion of the global aerospace composites market.

Aerospace Composites has gained importance in the past few years. Novelty has introduced a broad range of variation in the existing products escalating demand in the global aerospace composites market. Globally, the market has been mounting at an exceptional rate over the past few decades and is projected to sustain the pace in the future too. There are numerous aspects that drive the demand in global aerospace composites market. Rising demand for lightweight composite materials in aircraft production is the prime aspect of the global aerospace composites market.

As stated by an analyst of Transparency Market Research (TMR), the global aerospace composites market was treasured at US$11.5 bn in 2015, and is projected to expand at a steady 9.1% CAGR between 2016 to 2024. The market is expected to reach US$24.8 bn by the end of 2024. Introduction of cutting-edge products attracting the eyes of youth and unique marketing approaches are garnering request in the global aerospace composites market. Further, brands will be looking at exploring new avenues in geographies to stay ahead in the market.

aerospace composites marketCarbon Fiber Composites to Lead the Global Aerospace Composites Market

Based on the type of products, the global aerospace composites market is divided into aramid fiber composites, carbon fiber composites, and glass fiber composites. Of this, carbon fiber composites constituted the leading product-based segment, with a volume share of nearly 53% in the overall market in 2015.

At the moment, composites are manufactured via autoclave process majorly. This process utilizes pressurized vessels at high temperature to producing composite materials. However, the autoclave process is extensively adopted in production process, it requires substantial time for processing, cost, and energy. This increases the global cost of the composite material manufactured.

On the basis of applications, the global aerospace composites market is divided into commercial & business aircraft, military, helicopters, and space. Among these, the aircrafts, helicopters and space are likely to remain dominant in the market in the coming years. Composites are ever more utilized in the exterior of aircraft with an aim to control the possible of composites including abrasion resistance, lightweight, and corrosion resistance.

Asia Pacific Holds a Bright Future in the Global Aerospace Composites Market

In terms of geography, the global aerospace composites market has been segmented into North America, Asia Pacific, Europe, Latin America and Middle East & Africa. In terms of demand, North America is expected to lead the global aerospace composites market in the coming years. The regional market was followed by its counterparts in Europe, Asia-Pacific, Latin America and Middle East & Africa.

The aerospace composites market in India is highly competitive with the existence of a few companies currently. It is projected that the growth of the market may attract global enterprises to enter the Indian market in the forthcoming years to capture a larger chunk of the growing aerospace composites market. Furthermore, it is also projected that the current enterprises may create better technological proficiencies in the future to remain in competition for long run.

Some of the key players in the global aerospace composites market are Toray Industries Inc., Huntsman International LLC, Hexcel Corporation, SGL-The Carbon Company, and Cytec Solvay Group.

The global aerospace composites market has been segmented as follows:

Product Type Analysis

  • Carbon Fiber Composites
  • Glass Fiber Composites
  • Aramid Fiber Composites
  • Others

Application Type Analysis

  • Commercial & Business Aircraft
  • Military
  • Helicopters
  • Space

Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
Aerospace Composites Market

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1. Preface
     1.1. Report Scope and Market Segmentation
     1.2. Research Objectives

2. Assumptions and Research Methodology
     2.1. Assumptions and Acronyms Used
     2.2. Research Methodology

3. Executive Summary
     3.1. Market Size, Indicative (US$ Bn)
     3.2. Top 3 Trends

4. Market Overview
     4.1. Product Overview
     4.2. Key Industry Developments
     4.3. Market Indicators

5. Market Dynamics
     5.1. Drivers and Restraints Snapshot Analysis
            5.1.1. Drivers
            5.1.2. Restraints
            5.1.3. Opportunity Analysis
            5.1.4. Opportunities
     5.2. Global Aerospace Composites Market Analysis and Forecasts
     5.3. Porter’s Analysis
            5.3.1. Threat of Substitutes
            5.3.2. Bargaining Power of Buyers
            5.3.3. Bargaining Power of Suppliers
            5.3.4. Threat of New Entrants
            5.3.5. Degree of Competition
     5.4. Value Chain Analysis

6. Global Aerospace Composites Market Value Share Analysis, by Product
     6.1. Key Findings
     6.2. Introduction
            6.2.1. Carbon Fiber Composites
            6.2.2. Glass Fiber Composites
            6.2.3. Aramid Fiber Composites
            6.2.4. Others
     6.3. Product Comparison
     6.4. Global Aerospace Composites Market Volume Share Analysis, by Product
     6.5. Global Aerospace Composites Market Forecast, by Product
     6.6. Global Aerospace Composites Market Analysis, by Product
     6.7. Global Aerospace Composites Market Attractiveness Analysis, by Product
     6.8. Key Trends

7. Global Aerospace Composites Market Value Share Analysis, by Application
     7.1. Key Findings
     7.2. Introduction
            7.2.1. Commercial & Business Aircrafts
            7.2.2. Military
            7.2.3. Helicopters
            7.2.4. Space
     7.3. Global Aerospace Composites Market Volume Share Analysis, by Application
     7.4. Global Aerospace Composites Market Forecast, by Application
     7.5. Global Aerospace Composites Market Analysis, by Application
     7.6. Global Aerospace Composite Market Attractiveness Analysis
     7.7. Key Trends

8. Global Aerospace Composites Market Analysis by Region
     8.1. Global Regulatory Scenario
     8.2. Global Aerospace Composites Market Volume Share Analysis, by Region
     8.3. Global Aerospace Composites Market Attractiveness Analysis, by Region

9. North America Aerospace Composites Market Analysis
     9.1. Key Findings
     9.2. North America Aerospace Composites Market
     9.3. North America Aerospace Composites Market Volume Share Analysis, by Product
     9.4. North America Aerospace Composites Market Forecast, by Product
     9.5. North America Aerospace Composites Market Attractiveness Analysis, by Product
     9.6. North America Aerospace Composites Market Volume Share Analysis, by Application
     9.7. North America Aerospace Composites Market Forecast, by Application
     9.8. North America Aerospace Composites Market Volume Share Analysis, by Country
     9.9. North America Aerospace Composites Market Forecast, by Country
            9.9.1. U.S
            9.9.2. Canada
            9.10 Market Trends

10. Europe Aerospace Composites Market Overview
     10.1. Key Findings
     10.2. Europe Aerospace Composites Market
     10.3. Europe Aerospace Composites Market Volume Share Analysis, by Product
     10.4. Europe Aerospace Composites Market Forecast, by Product
     10.5. Europe Aerospace Composites Market Attractiveness Analysis, by Product
     10.6. Europe Aerospace Composites Market Volume Share Analysis, by Application
     10.7. Europe Aerospace Composites Market Forecast, by Application
     10.8. Europe Aerospace Composites Market Volume Share Analysis, by Country
     10.9. Europe Aerospace Composites Market Forecast, by Country
            10.9.1. Germany
            10.9.2. France
            10.9.3. U.k
            10.9.4. Italy
            10.9.5. Spain
            10.9.6. Rest of Europe
     10.10. Market Trends

11. Asia Pacific Aerospace Composites Market Overview
     11.1. Key Findings
     11.2. Asia Pacific Aerospace Composites Market
     11.3. Asia Pacific Aerospace Composites Market Volume Share Analysis, by Product
     11.4. Asia Pacific Aerospace Composites Market Forecast, by Product
     11.5. Asia Pacific Aerospace Composites Market Attractiveness Analysis, by Product
     11.6. Asia Pacific Aerospace Composites Market Volume Share Analysis, by Application
     11.7. Asia Pacific Aerospace Composites Market Forecast, by Application
     11.8. Asia Pacific Aerospace Composites Market Volume Share Analysis, by Country
     11.9. Asia Pacific Aerospace Composites Market Forecast, by Country
            11.9.1. China
            11.9.2. India
            11.9.3. Japan
            11.9.4. ASEAN
            11.9.5. Rest of Asia Pacific
     11.10 Market Trends

12. Latin America Aerospace Composites Market Overview
     12.1. Key Findings
     12.2. Latin America Aerospace Composites Market
     12.3. Latin America Aerospace Composites Market Volume Share Analysis, by Product
     12.4. Latin America Aerospace Composites Market Forecast, by Product
     12.5. Latin America Aerospace Composites Market Attractiveness Analysis, by Product
     12.6. Latin America Aerospace Composites Market Volume Share Analysis, by Application
     12.7. Latin America Aerospace Composites Market Forecast, by Application
     12.8. Latin America Aerospace Composites Market Volume Share Analysis, by Country
     12.9. Latin America Aerospace Composites Market Forecast, by Country
            12.9.1. Brazil
            12.9.2. Mexico
            12.9.3. Rest of Latin America
     12.10   Market Trends

13. Middle East & Africa Aerospace Composites Market Overview
     13.1. Key Findings
     13.2. Middle East & Africa Aerospace Composites Market
     13.3. Middle East & Africa Aerospace Composites Market Volume Share Analysis, by Product
     13.4. Middle East & Africa Aerospace Composites Market Forecast, by Product
     13.5. Middle East & Africa Aerospace Composites Market Attractiveness Analysis, by Product
     13.6. Middle East & Africa Aerospace Composites Market Volume Share Analysis, by Application
     13.7. Middle East & Africa Aerospace Composites Market Forecast, by Application
     13.8. Middle East & Africa Aerospace Composites Market Volume Share Analysis, by Country
     13.9. Middle East & Africa Aerospace Composites Market Forecast, by Country
            13.9.1. GCC
            13.9.2. South Africa
            13.9.3. Rest of Middle East & Africa
     13.10. Market Trends

14. Competition Landscape
     14.1. Aerospace Composites Market Share Analysis by Company (2015)
     14.2. Competition Matrix
            14.2.1. Cytec Solvay Group
            14.2.2. Hexcel Corporation
            14.2.3. Koninklijke TenCate
            14.2.4. Toray Industries Inc.
     14.3. Company Profile
            14.3.1. Argosy International Inc
                      14.3.1.1. Company Description
                      14.3.1.2. Business Overview
                      14.3.1.3. Company Details
            14.3.2. Axioms Materials, Inc
                      14.3.2.1. Company Description
                      14.3.2.2. Business Overview
                      14.3.2.3. Company Details
            14.3.3. BASF SE
                      14.3.3.1. Company Description
                      14.3.3.2. Business Overview
                      14.3.3.3. Company Details
                      14.3.3.4. Financial Details
                      14.3.3.5. Strategic Overview
            14.3.4. Cytec Solvay Group
                      14.3.4.1. Company Description
                      14.3.4.2. Business Overview
                      14.3.4.3. Company Details
                      14.3.4.4. SWOT Analysis
                      14.3.4.5. Financial Details
                      14.3.4.6. Strategic Overview
            14.3.5. E. I. DUPONT DE NEMOURS
                      14.3.5.1. Company Description
                      14.3.5.2. Business Overview
                      14.3.5.3. Company Details
                      14.3.5.4. SWOT Analysis
                      14.3.5.5. Financial Details
                      14.3.5.6. Strategic Overview
            14.3.6. Gurit Holding AG
                      14.3.6.1. Company Description
                      14.3.6.2. Business Overview
                      14.3.6.3. Company Details
            14.3.7. Hexcel Corporation
                      14.3.7.1. Company Description
                      14.3.7.2. Business Overview
                      14.3.7.3. Company Details
                      14.3.7.4. SWOT Analysis
                      14.3.7.5. Financial Details
                      14.3.7.6. Strategic Overview
            14.3.8. Huntsman International LLC
                      14.3.8.1. Company Description
                      14.3.8.2. Business Overview
                      14.3.8.3. Company Details
            14.3.9. Mitsubishi Rayon Co., Ltd.
                      14.3.9.1. Company Description
                      14.3.9.2. Business Overview
                      14.3.9.3. Company Details
            14.3.10. Owens Corning Corporation
                      14.3.10.1. Company Description
                      14.3.10.2. Business Overview
                      14.3.10.3. Company Details
            14.3.11. SGL Group - The Carbon Company
                      14.3.11.1. Company Description
                      14.3.11.2. Business Overview
                      14.3.11.3. Company Details
                      14.3.11.4. SWOT Analysis
                      14.3.11.5. Financial Details
                      14.3.11.6. Strategic Overview
            14.3.12. Teijin Limited
                      14.3.12.1. Company Description
                      14.3.12.2. Business Overview
                      14.3.12.3. Company Details
                      14.3.12.4. SWOT Analysis
                      14.3.12.5. Financial Details
                      14.3.12.6. Strategic Overview
            14.4.13. Koninklijke TenCate nv
                      14.4.13.1 Company Description
                      14.4.13.2 Business Overview
                      14.4.13.3 Company Details
                      14.4.13.4 SWOT Analysis
                      14.4.13.5 Financial Details
                      14.4.13.6 Strategic Overview
            14.4.14. Toray Industries , Inc.
                      14.4.14.1 Company Description
                      14.4.14.2Business Overview
                      14.4.14.3 Company Details
                      14.4.14.4 SWOT Analysis
                      14.4.14.5 Financial Details
                      14.4.14.6 Strategic Overview
            14.4.15. JPS COMPOSITE MATERIALS
                      14.4.15.1 Company Description
                      14.4.15.2 Business Overview
                      14.4.15.3 Company Details

List of Tables

Table 01: Global Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2015–2024
Table 02: Global Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Application Type, 2015–2024
Table 03: Global Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Region, 2015–2024
Table 04: Global Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2015–2024
Table 05: Global Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 06: Global Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 07: Europe Aerospace Composites Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2015–2024
Table 08: Europe Aerospace Composites Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 09: Europe Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 10: Asia Pacific Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2015–2024
Table 11: Asia Pacific Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 12: Asia Pacific Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 13: Latin America Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2015–2024
Table 14: Latin America Aerospace Composites Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 15: Latin America Aerospace Composites Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 16: Middle East & Africa Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2015–2024
Table 17: Middle East & Africa Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 18: Middle East & Africa Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024

 

List of Figures

Figure 01: Global Aerospace Composites Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 02: Global Aerospace Composites Average Price (US$/Unit) 2015–2024
Figure 03: Global Aerospace Composites Market Volume Share Analysis, by Product, 2015 and 2024
Figure 04: Global Aerospace Composites Market Size Value (US$ Mn) and Volume (KiloTons) Analysis, by Product, 2015–2024
Figure 05: Global Aerospace Composites Market Size Value (US$ Mn) and Volume (Kilo Tons) Analysis, by Product, 2015–2024
Figure 06: Global Aerospace Composites Market Size Value (US$ Mn) and Volume (KiloTons) Analysis, by Product, 2015–2024
Figure 07: Global Aerospace Composites   Market Size Value (US$ Mn) and Volume (Kilo Tons) Analysis, by Product, 2015–2024
Figure 08: Aerospace Composite Market Attractiveness Analysis, by Product
Figure 09: Global Aerospace Composite Market Volume Share Analysis, by Application, 2015 and 2024
Figure 10: Global Aerospace Composites Market Size Value (US$ Mn) and Volume (Kilo Tons) Analysis, by Commercial & Business Aircrafts, 2015–2024
Figure 11: Global Aerospace Composites Market Size Value (US$ Mn) and Volume (Kilo Tons) Analysis, by Military, 2015–2024
Figure 12: Global Aerospace Composites Market Size Value (US$ Mn) and Volume (Kilo Tons) Analysis, by Helicopters, 2015–2024
Figure 13: Global Aerospace Composites Market Size Value (US$ Mn) and Volume (Kilo Tons) Analysis, by Space, 2015–2024
Figure 14: Aerospace Composite Market Attractiveness Analysis, by Application
Figure 15: Global Aerospace Composite Market Volume Share Analysis, by Region, 2015 and 2024
Figure 16: Aerospace Composite Market Attractiveness Analysis, by Region
Figure 17: North America Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 18: North America Aerospace Composite Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 19: North America Market Attractiveness Analysis, by Country
Figure 20: North America Market Volume Share Analysis, by Product, 2015 and 2024
Figure 21: Aerospace Composite Market Attractiveness Analysis, by Product
Figure 22: North America Market Volume Share Analysis, by Application, 2015 and 2024
Figure 23: North America Aerospace Composite Market Attractiveness Analysis, by Application
Figure 24: North America Market Volume Share Analysis, by Country, 2015 and 2024
Figure 25: North America Market Volume Share Analysis, by Country, 2015 and 2024
Figure 26: Europe Aerospace Composite Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 27: Europe Aerospace Composites Market Volume Share Analysis, by Product, 2015 and 2024
Figure 28: Europe Aerospace Composites Market Attractiveness Analysis, by Product
Figure 29: Europe Aerospace Composites Market Volume Share Analysis, by Application, 2015 and 2024
Figure 30: Europe Aerospace Composites Market Volume Share Analysis, by Application, 2015 and 2024
Figure 31: Europe Aerospace Composite Market Attractiveness Analysis, by Application
Figure 32: Europe Market Volume Share Analysis, by Country, 2015 and 2024
Figure 33: Asia Pacific Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 34: Asia Pacific Aerospace Composite Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 35: Asia Pacific Market Attractiveness Analysis, by Country and Sub-Region
Figure 36: Asia Pacific Aerospace Composites Market Volume Share Analysis, by Product, 2015 and 2024
Figure 37: Asia Pacific Aerospace Composite Market Attractiveness Analysis, by Product
Figure 38: Asia Pacific Aerospace Market Volume Share Analysis, by Application, 2015 and 2024
Figure 39: Asia Pacific Aerospace Composite Market Attractiveness Analysis, by Application
Figure 40: Asia Pacific Market Volume Share Analysis, by Country, 2015 and 2024
Figure 41: Latin America Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 42: Latin America Aerospace Composite Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 43: Latin America Market Attractiveness Analysis, by Country
Figure 44: Latin America Aerospace Composites Market Volume Share Analysis, by Product, 2015 and 2024
Figure 45: Latin America Aerospace Composite Market Attractiveness Analysis, by Product
Figure 46: Latin America Aerospace Market Volume Share Analysis, by Application, 2015 and 2024
Figure 47: Latin America Aerospace Composites Market Attractiveness Analysis, by Application
Figure 48: Latin America Market Volume Share Analysis, by Country, 2015 and 2024
Figure 49: Middle East & Africa Aerospace Composite Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 50: Middle East & Africa Aerospace Composite Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 51: MEA Market Attractiveness Analysis, by Country
Figure 52: Middle East & Africa Aerospace Composites Market Volume Share Analysis, by Product, 2015 and 2024
Figure 53: Middle East & Africa Aerospace Composite Market Attractiveness Analysis, by Product
Figure 54: Middle East & Africa Market Volume Share Analysis, by Application, 2015 and 2024
Figure 55: Middle East & Africa Aerospace Composites Market Attractiveness Analysis, by Application
Figure 56: Middle East & Africa Aerospace Composites Market Volume Share Analysis, by Country, 2015 and 2024
Figure 57: Global Aerospace Composites Market Share Analysis By Company (2015)

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