The global aerospace composites market is anticipated to grow at a steady rate during the forecast period, 2023-2027. The market growth can be attributed to the increasing replacement of traditional aircraft materials with light-weight and superior performance aerospace composites in the commercial aircrafts. In addition, the ongoing fluctuations in prices of crude oil and increasing government efforts towards curbing environmental emissions are fostering growth in fuel-efficient aircrafts, which is expected to further stimulate growth of the global aerospace composites market in the coming years. Besides, superior performance properties of the aerospace composites are adding to their increased demand for the development of fuel-efficient aircrafts, which is expected to propel the market growth. Moreover, rising use of composites in military and commercial aircrafts and increasing deployment of aircraft delivery are expected to positively influence the market growth. Increasing investments by the market players to develop high-performance aircraft components with low operating costs are expected to further propel the growth of the global aerospace market in the coming years. However, decreasing number of commercial aircraft delivery is expected to negatively impact the aerospace composites market.
The global aerospace composites market is segmented on the basis of fiber type, resin type, manufacturing process, aircraft type, application, region, and company. Based on the fiber type, the market is further divided into carbon fiber composites, ceramic fiver composites, glass fiber composites, and others. The carbon fiber composites segment is expected to account for a large share of the global aerospace composites market owing to their superior strength-to-weight ratio and anti-corrosive properties, which contribute to their greater adoption in the aerospace industry. Based on aircraft type, the military segment is anticipated to register the highest growth in the global aerospace composites market in the coming years. Composites utilized in the military aircrafts are light-weight, durable, chemical, and temperature-sensitive, hence they are widely used in military aircrafts.
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Global aerospace composites market is controlled by these major players, namely– Teijin Limited (Japan), Toray Industries (Japan), SGL Group (Germany), etc.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · By Fiber Type · By Resin Type · By Manufacturing Process · By Aircraft Type · By Application |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | China, India, Japan, South Korea, Indonesia, Rest of APAC, U. S., Canada, Mexico, Rest of North America, Germany, U.K., France, Italy, Spain, Rest of Europe, Saudi Arabia, UAE, Iran, South Africa, South America, Brazil, Colombia, Argentina, Rest of South America |
| Key Companies Profiled | Teijin Limited (Japan), Toray Industries (Japan), SGL Group (Germany) |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
