Bharat Book Bureau Provides the Treding Market Research Report on "Global Aerospace Composites Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030" under Aerospace and Defence Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.

Global Aerospace Composites Market : Market Segments: By Type (Carbon Fiber, Glass Fiber & Aramid Fiber); By Resin Type (Thermoset & Thermoplastic); By Aircraft Type (Commercial Aircraft, Business & Civil Aviation, Civil Helicopter & Military Aircraft); By Application (Interior & Exterior); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030

Product Overview

Wide variety of composites are used in the aerospace industry. Composite aircraft consist of commercial aircraft, defence aircraft, helicopters, launchers, and engines. Aerospace composites help to lighten the components 'weight and improve the engines' performance. Aerospace composites assist in reducing weight, thus reducing fuel consumption. In the aerospace and aircraft industries, low weight and component reliability are of huge importance.

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Market Highlights

Global Aerospace Composites Market is expected to project a notable CAGR of XX.X% in 2030.

Global Aerospace Composites Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The increase in demand for lightweight composite materials is due to their demand in the aircraft industry, which is the primary factor likely to contribute to the future growth of the aerospace composite market.

Global Aerospace Composites Market: Segments

Carbon Fiber Composites Segment to grow with the highest CAGR of XX.X% during 2019-30

Global Aerospace Composites Market is segmented by Type into Carbon Fiber, Glass Fiber, Aramid Fiber and others. Based on composite types, Carbon fiber composites accounted for the largest volumetric share in the market in 2019. This can mainly be attributed, as opposed to other materials, to the strong demand for carbon fiber composites due to their high tensile strength, high chemical resistance, high temperature tolerance, low thermal expansion, and outstanding load carrying ability. In defense and aerospace aircraft, there is a growing market for carbon fiber composites. Its insubstantial weight, high strength property, weather-resistant finish, and various surface textures are the reason for major preference among all the composite types.

Global Aerospace Composites Market: Market Dynamics
Drivers

Expanding commercial aircraft fleet

The large-scale demand and adoption of carbon fiber composites for aircraft production is one of the major factors driving the aerospace composite market. Manufacturers of aircraft are increasingly concentrating on the use of lightweight, high-performance structural materials to improve their aircraft's fuel economy and reduce operating costs. Carbon fiber composites exhibit characteristics such as low weight, high rigidity and high tensile strength, which is they are experiencing high industry demand.

Restraint
High cost of raw materials

The reduction in the number of deliveries of aircraft would directly have an impact on the demand for aerospace composites. As more than 80% of the use of composite material is in commercial aircraft, the reduction in demand for composite material due to the decrease in the number of orders for aircraft will have a negative effect on the industry. In addition, the massive decrease in market capitalization has culminated in the restructuring of the sector.

Global Aerospace Composites Market: Regions

Global Aerospace Composites Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

Global Aerospace Composites Market in North America held the largest market share of XX.X% in the year 2019 owing of the increase in end-user industries and the rising demand in the aerospace industry for lightweight materials. Increased consumption of aerospace composites in the exterior and interior sections of commercial and military aircraft is mainly driving development. In terms of value and volume, the United States is the world 's largest user of aerospace composites, and is expected to further improve its position during the forecast era.

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