Cabin Interior Composites Market

According to Stratistics MRC, the Global Cabin Interior Composites Market is accounted for $26.37 billion in 2023 and is expected to reach $68.04 billion by 2030 growing at a CAGR of 14.5% during the forecast period. Cabin Interior Composites create an aesthetic and structural atmosphere that travellers can experience. Airlines are also putting in new fiber sheets that can be manually adjusted using remote controls, including temperature, pressure, tension, and movement settings using mood lighting, real-time cockpit displays, and applications.

According to the International Civil Aviation Organization (ICAO), the introduction of low-cost airlines has changed the dynamics of global air travel, with low-cost airlines carrying approximately one billion passengers each year.



Market Dynamics:

Driver:

Rising demand for lightweight materials

The growing demand for lightweight materials in the aviation industry is one of the main factors driving the market for cabin interior composites. Composite materials are used in airplane cabins to reduce weight, which helps airlines save money on fuel and cut emissions. This is crucial because airlines are being pushed harder than ever to improve their environmental performance and cut back on their carbon footprint. Moreover, the use of lightweight materials is a key tactic to accomplish this goal. Airline operators are constantly looking for ways to lower their operating costs. Airlines can save money on fuel, maintenance, and aircraft life with the aid of cabin interior composites.

Restraint:

High material costs

Some airlines, especially those with tight budgets, may find composites less appealing because they are frequently more expensive than traditional materials. This may be especially true for smaller airlines or those operating in developing nations, which might not have the same financial resources as bigger airlines. Moreover, the complexity of the manufacturing process, the need for specialized tools and knowledge, as well as additional expenses related to installation and maintenance in aircraft cabins, all contribute to the high cost of composite materials.

Opportunity:

Improvement of current aircrafts

The global Cabin Interior Composites market expected to drive growth during the forecast period. Airlines all over the world are working to increase passenger comfort by retrofitting older aircraft with modern products like in-flight entertainment systems, aircraft seating, and cabin lighting. By offering state-of-the-art cabin interiors, airlines are trying their best to attract customers. Airlines are modernizing their aircraft seats by replacing the worn-out ones and adding new ones to maximize available space. Moreover, the installation of cutting-edge galley and restroom configuration systems is another thing that the airline companies are doing to improve passenger comfort.

Threat:

Rise in the aircraft's total weight

An increase in an aircraft's total weight can have a big impact on how safely and effectively it can fly. Aircraft will need more fuel to attain and maintain flight as they get heavier, which could increase operating costs. In addition, a heavier plane might need longer runways for takeoff and landing, which might reduce the number of airports it can use. Additionally, the structural integrity of the aircraft must also be taken into account because added weight can strain the airframe and raise the risk of mechanical failures. In order to avoid placing undue strain on the aircraft and its components and thereby jeopardizing the safety of the flight, proper restraint systems must also be installed and maintained.

Covid-19 Impact:

The market for cabin interior composites has been significantly impacted by the COVID-19 pandemic. The pandemic has had a particularly severe impact on the aviation sector, with falling demand for air travel resulting in a drop in aircraft orders and a slowdown in production. As a result, there has been a decline in demand for new cabin interior components as well as a slowdown in the production of composites for cabin interiors. Additionally, the pandemic has increased attention to passenger hygiene and safety, increasing the demand for surfaces in the cabin that are anti-microbial and simple to clean. The increased emphasis on passenger safety and hygiene will likely present challenges for cabin interior composite manufacturers in the short term but may open up new avenues for innovation and growth in the long run.

The Commercial Aircraft segment is expected to be the largest during the forecast period

The Commercial Aircraft segment holds the largest market share for cabin interior composites. Interior composites are widely used by commercial aircraft manufacturers to improve cabin aesthetics, reduce weight, and increase fuel efficiency. These composites are used in a variety of interior parts, including sidewalls, overhead bins, galleys, lavatories, and seats, to give passengers a contemporary and comfortable environment. Furthermore, the adoption of interior composites in commercial aircraft is driven by the demand for air travel, which is continuously increasing, as well as the focus on improving passenger experiences and lowering operating costs.

The carbon fiber composites segment is expected to have the highest CAGR during the forecast period

The segment of carbon fiber composites in the market for cabin interior composites has experienced the highest CAGR during the anticipated period. Composites with carbon fiber reinforcement excel in strength-to-weight ratios, making them a preferred option for cabin interior parts. Carbon fiber composites are being used more frequently by airlines and aircraft manufacturers for cabin components like seat structures, tray tables, and interior panels. The use of carbon fiber composites improves passenger comfort and aesthetics while also lowering the weight of the aircraft overall, improving fuel efficiency, and lowering emissions. The demand for carbon fiber composites in cabin interiors is anticipated to increase as the aviation industry places an increased emphasis on sustainability and fuel efficiency, spurring further advancements in the segment and influencing the future of aircraft cabin design.

Region with largest share:

During the forecast period, the North American region is anticipated to have the largest share. Major aircraft manufacturers and suppliers are well represented in the aerospace industry in North America, especially in the United States. The dominance of the region can be attributed to the high demand for commercial aircraft, the presence of important players engaged in the production of cabin interior composites, and the ongoing emphasis on technological developments in the aviation industry. Moreover, the adoption of lightweight and fuel-efficient composite materials in cabin interiors has also been influenced by North America's dedication to sustainability and strict regulations regarding aircraft emissions.

Region with highest CAGR:

The Cabin Interior Composites Market is expected to have the highest CAGR in the Asia-Pacific region. Rapid urbanization, rising disposable incomes and the emergence of low-cost carriers have all contributed to an increase in demand for air travel in the Asia-Pacific region. A growing emphasis has been placed on enhancing the traveller experience and lowering fuel consumption as airlines in the area grow their fleets and update their aircraft. Due to their advantages in terms of light weight and fuel efficiency, carbon fiber composites and other cutting-edge interior materials have become more popular in this area.



Key players in the market

Some of the key players in Cabin Interior Composites market include BASF Corporation, FACC AG, Hexcel Corporation, SGL Carbon SE, AIM Altitude Limited (AVIC), Safran SA, Solvay S.A., Singapore Technologies Engineering Ltd, Diehl Stiftung& Co. KG, The Nordam Group LLC, Gurit Holding AG, Triumph Group, Inc., Collins Aerospace, Inc., JAMCO Corporation, Hexion Inc., Teijin Limited, The Gill Corporation, Toray Industries, Inc., Owens Corning , TenCate Advanced Composites, Mitsubishi Chemical Holdings Corporation

Key Developments:

In April 2023, Solvay and GKN Aerospace have signed an extension to their 2017 collaboration agreement. Under the agreement, both businesses are developing a joint thermoplastic composites (TPC) roadmap to explore new materials and manufacturing processes for aerospace structures, while jointly targeting future strategic high-rate programs.

In January 2023, BASF has announced an investment in the capacity expansion of polymer dispersions at its production site in Merak, Indonesia. The expansion is in line with the growing trend of high-quality packaging in ASEAN where key paper and board manufacturers are located.

In January 2022, S7 Technics’ base in Mineralnye Vody introduced Russia’s first automated facility for manufacturing composite panels for cabin floors and overhead bins for Airbus A320 family aircraft. This new facility enables the company to cut its costs and time.

Products Covered:
• Seats
• Living Room Lighting
• Windows
• Galleys and Toilets
• Onboard Entertainment Systems
• Other Products

Aircraft Types Covered:
• Narrow-body Aircraft
• Wide-body Aircraft
• Regional Aircraft
• Business Jets
• Commercial Aircraft
• Military Aircraft
• Helicopters
• Other Aircraft Types

Materials Covered:
• Carbon Fiber Composites
• Glass Fiber Composites
• Aramid Fiber Composites
• Other Materials

Components Covered:
• Floor Panels
• Sidewall Panels
• Ceiling Panels
• Stowage Bins
• Other Components

Classes Covered:
• First Class
• Executive Class
• Economy
• Premium Economic Class
• Other Classes

Sales of Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

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 2021, 2022, 2023, 2026, and 2030
- 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
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances