Global Aerospace composites Market Is Estimated to Grow at a CAGR of +9% by 2025 Top Companies Covered Like SGL Group, Solvay Group, Hexcel Corporation, Gurit Holding Co

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PUNE, India, July 02, 2019 (GLOBE NEWSWIRE) -- The aerospace composites Industry is projected to grow from an estimated USD 29.53 Billion in 2018 to USD 57.02 Billion by 2025, at a CAGR of 9.9% between 2018 and 2025. The growth of the aerospace composites Industry can be attributed to increased use of aerospace composites commercial and military aircraft, as these offer a high strength-to-weight ratio and increased heat resistance. Moreover, these are lightweight, which increases the fuel efficiency of the aircraft and provides structural stability.

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The aerospace composites Industry has been segmented based on fiber type, resin type, aircraft type, manufacturing process, application, and region.

Among manufacturing processes, the AFP/ATL manufacturing process segment led the aerospace composites Industry in 2016, in terms of both value as well as volume. The growth of this segment is attributed to the ease of manufacturing complex structures which is not possible in any other manufacturing process.

North America is the largest consumer of aerospace composites across the globe, in terms of both value and volume. The growth of the North America aerospace composites Industry is driven by the increasing consumption of aerospace composites in exterior and interior parts in commercial and military aircraft. The US is the largest consumer of aerospace composites globally, in terms of value and volume and is expected to strengthen its position further during the forecast period. The growth of the US aerospace composites Industry is attributed to the presence of giant players such as Boeing and GE along with the establishment of several new carbon fiber production plants in the country.

Major market players in Aerospace Composites industry are SGL Group (Germany), Solvay Group (Belgium), Hexcel Corporation, Gurit Holding Co., Cytec Industries, Royal Tencate, Toray Industries Inc. and GKN Plc among others.

Aerospace Composites Industry Segmentation:

Aerospace Composites Industry, By Fiber Type:

  • Carbon Fiber Composites
  • Ceramic Fiber Composites
  • Glass Fiber Composites
  • Other Fiber Composites

Aerospace Composites Industry, By Resin Type:

  • Epoxy
  • Phenolic
  • Polyester
  • Polyimides
  • Thermoplastics
  • Ceramic and Metal Matrix
  • Others

Aerospace Composites Industry, By Manufacturing Process:

  • AFP/ATL
  • Layup
  • RTM/VARTM
  • Filament Winding
  • Others

Aerospace Composites Industry, By Aircraft Type:

  • Commercial Aircraft
  • Business Aviation
  • Civil Helicopters
  • Military Aircraft & helicopters
  • Others

Aerospace Composites Industry, By Application:

  • Interior
  • Exterior

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