The global market for aerospace composites is projected to have considerable CAGR of around 10.5% during the forecast period. The market growth mainly driven by the growing demand of composites material in the aviation industry. With the aim of reducing the weight of aircraft, there are several research activities going across the globe. For instance, Rolls-Royce PLC collaborated with Oak Ridge National Laboratory (ORNL) and developed a virtual sandbox that has the capability to lift gas turbine engines of aircraft and power plants to higher efficiencies. Along with this, General Electric Co. is working to explore the application of ceramic composites in helicopter engines, compressor power plants and gas turbines. For instance, the new GE9X engine, the world’s largest jet engine developed by General Electric Co. for next-gen Boeing 777X wide-body plane have core parts produced from ceramic composites. Moreover, growing demand of composites in the fuel efficient aircraft further provide significant opportunity to the market.
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The global aerospace composites market is segmented based on resin type and aircraft type. Based on the resin type, the market is further classified into ceramic fiber, carbon fiber, glass fiber, and others. On the basis of aircraft type the market is further segregated into general aviation, commercial aviation, military aviation, and space. Among aircraft type, the commercial aviation is projected to hold significant share in the global aerospace composites market. This owing to increasing demand of light weight aircraft in commercial aviation coupled with significant growth in the commercial aircraft industry.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Aerospace Composites Market by Fiber Type
- Ceramic Fiber
- Carbon Fiber
- Glass Fiber
- Others( Aramid)
Global Aerospace Composites Market by Aircraft Type
- General Aviation
- Commercial Aviation
- Military Aviation
- Space
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Albany International Corp.
- Bally Ribbon Mills
- DuPont de Nemours, Inc.
- Gurit
- General Electric Co.
- Hexcel Corp.
- Hyosung Advanced Materials
- Kineco Kaman Composites India Pvt. Ltd.
- Lee Aerospace, Inc.
- Mitsubishi Chemical Holdings Corp.
- Materion Corp.
- Nippon Graphite Fiber Co., Ltd.
- Owens Corning
- Plastic Reinforcement Fabrics Ltd.
- Rolls-Royce plc
- Solvay Group
- SGL Carbon SE
- Toray Industries, Inc.
- Teijin Ltd.
- Victrex plc
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aerospace composites market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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