DUBLIN--(BUSINESS WIRE)--The "Global Aerospace Composites Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global aerospace composites market was valued at US$ 18.5 Bn in 2016, and is expected to reach US$ 36.20 Bn by 2025, expanding at a CAGR of 8.5% from 2017 to 2025.
Factors such as increasing air passenger traffic, rising use of composite in emerging economies, and increase in number of low cost carriers are driving the market for aerospace composites market.
Composite materials offer several benefits such as lightweight structures which enables weight savings, lower fuel consumption and greater range which enhance the performance of the aircraft. Hence, composites are becoming increasingly popular among the market players for innovative methods of delivering additional value to its end-users. However, high cost of raw material and production and non-biodegradability aspect of reinforced polymers is expected to restrain market growth in coming years.
Aerospace composite market is extremely fragmented and competitive in nature with large number of players operating in this market. With the rise in the use of composite in the aerospace industry players are focusing on providing customized and innovative solution to the giants such as Airbus and Boeing to gain the competitive edge. Major players such as Solvay group, Hexcel Corp, Teijin and other are focusing on enhancement of their market in several emerging economies and attract a high volume of consumers during the forecast period. Joint ventures and Merger and acquisition are the major strategies which are being used by several players for the expansion.
- Economies such as Europe and Asia-Pacific offers huge growth potential
- Decrease in Manufacturing and Assembling Cost of aircrafts
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Aerospace Composites Market Dynamics
Chapter 4 Global Aerospace Composites Market, by Fiber type
Chapter 5 Global Aerospace Composites Market Analysis, by Application
Chapter 6 Global Aerospace Composites Market, by Resin type
Chapter 7 Global Aerospace Composites Market, by Geography
Chapter 8 Company Profiles
- Cytec Solvay Group
- Royal Ten Cate N.V.
- Teijin Limited
- Hexcel Corp
- Celanese Corp.
- Gurit Holding AG
- Senior plc
- Huntsman Corp.
- GKN Aerospace
- Spirit Aerosystems Holdings Inc
- Koninklijke TenCate NV
- Owens Corning
- SGL Group
- Toray Industries Inc.
For more information about this report visit https://www.researchandmarkets.com/research/ljffqd/global_36_2?w=4