Research and Markets: Aerospace Composites (Glass Fiber, Carbon Fiber, Ceramic Matrix, Aramid Fiber, Metal Matrix) Market by Type, Aircraft Parts, & Application - Global Trends & Forecasts to 2019

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/d6xg7k/aerospace) has announced the addition of the "Aerospace Composites Market by Type, Aircraft Parts, & Application - Global Trends & Forecasts to 2019" report to their offering.

The aerospace composite market size is projected to register a CAGR of 7.1% between 2014 and 2019 to reach $4.93 billion in terms of value.

The commercial aircrafts application segment holds 62.7% market share by volume and thus constitutes a significant part of the overall aerospace composite market. However, the military application segment is projected to grow at a high CAGR of 9.7% by 2019. The high growth can be attributed to the rise in global security issues and increased defense budgets of certain countries, such as the U.S. and Russia.

Composite materials in aerospace are used primarily because they have higher strength to weight ratio than metals. Thus, they help save fuel and also aid to decrease the harmful fuel emissions. The various types of aerospace composites that have been included in this report are: glass fiber reinforced composites, carbon fiber reinforced composites, metal matrix composites (MMC), aramid fiber composites, and ceramic matrix composites (CMC).

Among different aerospace composite types, glass fiber reinforced composites occupied the highest market share in terms of value in 2013. Carbon fiber reinforced composites is the fastest-growing type due to growing consumption in commercial, business, and military aircrafts. The rise in demand of fuel-efficient aircrafts and robust economic growth are the two main drivers of the market. Although the high cost of carbon fibers is projected to inhibit the growth to some extent, the long-terms benefits of using them are undeniable. Efforts are being made by companies for the profitable mass production of carbon fibers. This is chiefly due to the growing demand for fuel-efficient aircrafts and certain environmental norms, such as EPA regulations and ACARE emission targets.

Due to the region's favorable prospects, several companies are expanding in Asian countries to benefit from the low-cost structures and growing local demand for composites. Commercial aircrafts represent the largest application for aerospace composites. This is mainly due to the leading OEMs, Airbus and Boeing. The demand is therefore expected to grow for aerospace composites among other aircraft manufacturers as well.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market, By Type

8 Market By Application

9 Market, By Aircraft Parts

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles

  • Cytec Industries Inc.
  • E. I. DU PONT DE Nemours
  • Gurit Holding AG
  • Hexcel Corporation
  • Mitsubishi Rayon Co. Ltd
  • Owens Corning
  • SGL Group - the Carbon Company
  • Teijin Limited
  • Tencate
  • Toray Industries

For more information visit http://www.researchandmarkets.com/research/d6xg7k/aerospace

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Chemicals, Aerospace and Defence, Aviation

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Chemicals, Aerospace and Defence, Aviation