Aerospace Composites Market
PUBLISHED: 2020 ID: SMRC19980
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Aerospace Composites Market

Aerospace Composites - Global Market Outlook (2019 -2027)

4.7 (19 reviews)
4.7 (19 reviews)
Published: 2020 ID: SMRC19980

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Aerospace Composites Market is accounted for $21.6 billion in 2019 and is expected to reach $60.5 billion by 2027 growing at a CAGR of 13.7% during the forecast period. The high command for composite materials from the aerospace industry and expansion of fuel-efficient aircraft are some of the major factors propelling the growth of the market. However, a decrease in the number of commercial aircraft deliveries is hampering the growth of the market.

 

Aerospace Composites - Global Market Outlook  (2019 -2027)

 

Composite materials are used for different purposes in the aircraft industry. The benefit of composites is that they can sustain their identities and do not join completely with each other. On mixing, the materials create a hybrid material that has better structural properties, which can be used for aerospace components.

Based on the fiber type, the carbon/graphite fiber composites segment is anticipated to grow at a significant rate during the forecast period due to their higher strength-to-weight ratio and anti-corrosive property. The aerospace industry has broadly adopted carbon fiber composites for various applications, such as fuselage, floorboards, engine nacelles, fan casings, and interior parts. The evolution in the manufacturing technology of carbon fiber composites parts is also driving its use in aerospace applications. By geography, Europe is anticipated to hold considerable market share during the forecast period due to high demand from commercial aerospace industries. Increased delivery of airbus aircraft primarily drives the composites material demand in Europe. Apart from this, the region develops military aircraft and helicopters.

Some of the key players profiled in the Aerospace Composites Market include General Electric Company, Gurit Holding AG, Hexcel Corp., Materion Corporation, Mitsubishi Rayon Co. Ltd., Owens Corning, Royal Tencate N.V., SGL Group—The Carbon Company, Solvay SA, Teijin Limited, Toray Industries, Inc., Bally Ribbon Mills, Toho Tenax, DuPont, and BASF.

Matrix Types Covered:
• Ceramic Matrix
• Metal Matrix 
• Polymer Matrix

Manufacturing Processes Covered:
• Automated Fiber Placement/ Automated Tape Laying (AFP/ATL)
• Filament Winding
• Lay-up
• Resin Transfer Molding/ Vacuum Assisted Resin Transfer Molding (RTM/VARTM)

Aircraft Types Covered:
• Civil Helicopter
• Military Aircraft
• Commercial Aircraft
• Business & General Aviation
• Other Aircraft Types

Fiber Types Covered:
• Glass Fiber Composites
• Ceramic Fiber Composites
• Carbon/Graphite Fiber Composites
• Aramid Fiber

Resins Covered:
• Thermosetting
• Thermoplastic

Applications Covered:
• Exterior
• Interior

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface    
     
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Application Analysis       
 3.7 Emerging Markets        
 3.8 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Aerospace Composites Market, By Matrix Type     
 5.1 Introduction        
 5.2 Ceramic Matrix        
 5.3 Metal Matrix         
 5.4 Polymer Matrix        
           
6 Global Aerospace Composites Market, By Manufacturing Process    
 6.1 Introduction        
 6.2 Automated Fiber Placement/ Automated Tape Laying (AFP/ATL)   
 6.3 Filament Winding        
 6.4 Lay-up         
 6.5 Resin Transfer Molding/ Vacuum Assisted Resin Transfer Molding (RTM/VARTM)  
           
7 Global Aerospace Composites Market, By Aircraft Type     
 7.1 Introduction        
 7.2 Civil Helicopter        
 7.3 Military Aircraft        
 7.4 Commercial Aircraft        
  7.4.1 Single Aisle Aircraft       
  7.4.2 Regional Jets       
  7.4.3 Wide-body Aircraft       
 7.5 Business & General Aviation       
  7.5.1 Turboprop Airplanes      
   7.5.1.1 Multi-engine Turboprops     
   7.5.1.2 Single-engine Turboprops     
  7.5.2 Business Jets       
  7.5.3 Piston Airplanes       
   7.5.3.1 Multi-Engine Piston      
   7.5.3.2 Single-Engine Piston     
  7.5.4 Helicopters       
   7.5.4.1 Piston Helicopters       
   7.5.4.2 Turbine Helicopters      
 7.6 Other Aircraft Types       
  7.6.1 Unmanned Aerial Vehicles (UAV)     
  7.6.2 Spacecraft       
           
8 Global Aerospace Composites Market, By Fiber Type     
 8.1 Introduction        
 8.2 Glass Fiber Composites       
 8.3 Ceramic Fiber Composites       
 8.4 Carbon/Graphite Fiber Composites      
 8.5 Aramid Fiber        
           
9 Global Aerospace Composites Market, By Resin    
 
 9.1 Introduction        
 9.2 Thermosetting         
  9.2.1 Polyester        
  9.2.2 Epoxy        
  9.2.3 Polyimides       
  9.2.4 Phenolic        
 9.3 Thermoplastic        
  9.3.1 Polyetherimide (PEI)      
  9.3.2 Polyether Ether Ketone (PEEK)     
  9.3.3 Polysulfones (PSU)       
  9.3.4 Polyethersulfones (PES)      
  9.3.5 Polyamide-imides (PAI)      
           
10 Global Aerospace Composites Market, By Application     
 10.1 Introduction        
 10.2 Exterior         
  10.2.1 Fuselage        
  10.2.2 Engine        
  10.2.3 Wings        
  10.2.4 Rotor Blades       
  10.2.5 Tail Boom       
 10.3 Interior         
  10.3.1 Seats        
  10.3.2 Cabin        
  10.3.3 Sandwich Panels       
  10.3.4 Environment Control System (ECS) Ducting    
           
11 Global Aerospace Composites Market, By Geography     
 11.1 Introduction        
 11.2 North America        
  11.2.1 US        
  11.2.2 Canada        
  11.2.3 Mexico        
 11.3 Europe         
  11.3.1 Germany        
  11.3.2 UK        
  11.3.3 Italy        
  11.3.4 France        
  11.3.5 Spain        
  11.3.6 Rest of Europe       
 11.4 Asia Pacific        
  11.4.1 Japan        
  11.4.2 China        
  11.4.3 India        
  11.4.4 Australia        
  11.4.5 New Zealand       
  11.4.6 South Korea       
  11.4.7 Rest of Asia Pacific       
 11.5 South America        
  11.5.1 Argentina       
  11.5.2 Brazil        
  11.5.3 Chile        
  11.5.4 Rest of South America      
 11.6 Middle East & Africa       
  11.6.1 Saudi Arabia       
  11.6.2 UAE        
  11.6.3 Qatar        
  11.6.4 South Africa       
  11.6.5 Rest of Middle East & Africa      
           
12 Key Developments         
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 12.2 Acquisitions & Mergers       
 12.3 New Product Launch       
 12.4 Expansions        
 12.5 Other Key Strategies       
           
13 Company Profiling    
    
 13.1 General Electric Company       
 13.2 Gurit Holding AG        
 13.3 Hexcel Corp.        
 13.4 Materion Corporation       
 13.5 Mitsubishi Rayon Co. Ltd.       
 13.6 Owens Corning        
 13.7 Royal Tencate N.V.        
 13.8 SGL Group—The Carbon Company      
 13.9 Solvay SA         
 13.10 Teijin Limited        
 13.11 Toray Industries, Inc.       
 13.12 Bally Ribbon Mills        
 13.13 Toho Tenax        
 13.14 DuPont         
 13.15 BASF         


List of Tables          
1 Global Aerospace Composites Market Outlook, By Region (2018-2027) ($MN)   
2 Global Aerospace Composites Market Outlook, By Matrix Type (2018-2027) ($MN)   
3 Global Aerospace Composites Market Outlook, By Ceramic Matrix (2018-2027) ($MN)  
4 Global Aerospace Composites Market Outlook, By Metal Matrix (2018-2027) ($MN)   
5 Global Aerospace Composites Market Outlook, By Polymer Matrix (2018-2027) ($MN)  
6 Global Aerospace Composites Market Outlook, By Manufacturing Process (2018-2027) ($MN)  
7 Global Aerospace Composites Market Outlook, By Automated Fiber Placement/ Automated Tape Laying (AFP/ATL) (2018-2027) ($MN)
8 Global Aerospace Composites Market Outlook, By Filament Winding (2018-2027) ($MN)  
9 Global Aerospace Composites Market Outlook, By Lay-up (2018-2027) ($MN)   
10 Global Aerospace Composites Market Outlook, By Resin Transfer Molding/ Vacuum Assisted Resin Transfer Molding (RTM/VARTM) (2018-2027) ($MN)
11 Global Aerospace Composites Market Outlook, By Aircraft Type (2018-2027) ($MN)   
12 Global Aerospace Composites Market Outlook, By Civil Helicopter (2018-2027) ($MN)  
13 Global Aerospace Composites Market Outlook, By Military Aircraft (2018-2027) ($MN)  
14 Global Aerospace Composites Market Outlook, By Commercial Aircraft (2018-2027) ($MN)  
15 Global Aerospace Composites Market Outlook, By Single Aisle Aircraft (2018-2027) ($MN)  
16 Global Aerospace Composites Market Outlook, By Regional Jets (2018-2027) ($MN)   
17 Global Aerospace Composites Market Outlook, By Wide-body Aircraft (2018-2027) ($MN)  
18 Global Aerospace Composites Market Outlook, By Business & General Aviation (2018-2027) ($MN) 
19 Global Aerospace Composites Market Outlook, By Turboprop Airplanes (2018-2027) ($MN)  
20 Global Aerospace Composites Market Outlook, By Business Jets (2018-2027) ($MN)   
21 Global Aerospace Composites Market Outlook, By Piston Airplanes (2018-2027) ($MN)  
22 Global Aerospace Composites Market Outlook, By Helicopters (2018-2027) ($MN)   
23 Global Aerospace Composites Market Outlook, By Other Aircraft Types (2018-2027) ($MN)  
24 Global Aerospace Composites Market Outlook, By Unmanned Aerial Vehicles (UAV) (2018-2027) ($MN) 
25 Global Aerospace Composites Market Outlook, By Spacecraft (2018-2027) ($MN)   
26 Global Aerospace Composites Market Outlook, By Fiber Type (2018-2027) ($MN)   
27 Global Aerospace Composites Market Outlook, By Glass Fiber Composites (2018-2027) ($MN)  
28 Global Aerospace Composites Market Outlook, By Ceramic Fiber Composites (2018-2027) ($MN) 
29 Global Aerospace Composites Market Outlook, By Carbon/Graphite Fiber Composites (2018-2027) ($MN)
30 Global Aerospace Composites Market Outlook, By Aramid Fiber (2018-2027) ($MN)   
31 Global Aerospace Composites Market Outlook, By Resin (2018-2027) ($MN)   
32 Global Aerospace Composites Market Outlook, By Thermosetting (2018-2027) ($MN)  
33 Global Aerospace Composites Market Outlook, By Polyester (2018-2027) ($MN)   
34 Global Aerospace Composites Market Outlook, By Epoxy (2018-2027) ($MN)   
35 Global Aerospace Composites Market Outlook, By Polyimides (2018-2027) ($MN)   
36 Global Aerospace Composites Market Outlook, By Phenolic (2018-2027) ($MN)   
37 Global Aerospace Composites Market Outlook, By Thermoplastic (2018-2027) ($MN)  
38 Global Aerospace Composites Market Outlook, By Polyetherimide (PEI) (2018-2027) ($MN)  
39 Global Aerospace Composites Market Outlook, By Polyether Ether Ketone (PEEK) (2018-2027) ($MN) 
40 Global Aerospace Composites Market Outlook, By Polysulfones (PSU) (2018-2027) ($MN)  
41 Global Aerospace Composites Market Outlook, By Polyethersulfones (PES) (2018-2027) ($MN) 
42 Global Aerospace Composites Market Outlook, By Polyamide-imides (PAI) (2018-2027) ($MN) 
43 Global Aerospace Composites Market Outlook, By Application (2018-2027) ($MN)   
44 Global Aerospace Composites Market Outlook, By Exterior (2018-2027) ($MN)   
45 Global Aerospace Composites Market Outlook, By Fuselage (2018-2027) ($MN)   
46 Global Aerospace Composites Market Outlook, By Engine (2018-2027) ($MN)   
47 Global Aerospace Composites Market Outlook, By Wings (2018-2027) ($MN)   
48 Global Aerospace Composites Market Outlook, By Rotor Blades (2018-2027) ($MN)   
49 Global Aerospace Composites Market Outlook, By Tail Boom (2018-2027) ($MN)   
50 Global Aerospace Composites Market Outlook, By Interior (2018-2027) ($MN)   
51 Global Aerospace Composites Market Outlook, By Seats (2018-2027) ($MN)   
52 Global Aerospace Composites Market Outlook, By Cabin (2018-2027) ($MN)   
53 Global Aerospace Composites Market Outlook, By Sandwich Panels (2018-2027) ($MN)  
54 Global Aerospace Composites Market Outlook, By Environment Control System (ECS) Ducting (2018-2027) ($MN)
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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