The Global Aerospace Composites Market size was estimated to be US$ 22.5 billion in 2019 and is expected to grow at a CAGR of 9% from 2020 and 2030. Increasing investment in research & development of high-performance composite materials, rising demand for commercial aircrafts, and increased adoption of aerospace composites in unmanned aerial vehicles are the key factors driving the growth of the global aerospace composites market. The demand for high strength and lightweight materials is continuously increasing with rising air traffic. Aerospace composites are high performance materials developed for manufacturing of aerospace components. Increasing disposable income has triggered the adoption of airways as preferred means of passenger transportation across the globe.
Additionally, the growth of commercial fleets for cargo movement has increased significantly during past couple of decades. This has resulted in increased number of commercial and passenger aircraft orders for leading aircraft manufacturers. The aerospace composites reduce the weight of airframe and increase the structural strength of aircraft, thereby improving overall performance. This is expected to contribute towards the growth of the global aerospace composites market during forecast period. However, government mandate to ensure social distancing in an attempt to prevent spread of COVID-19 has disrupted the production and supply of aircrafts and associated components, thereby impeding the growth of the global aerospace composites market. The global aerospace composites market is anticipated to rebound to its original market potential post COVID-19 to exhibit a steady growth during the forecast period.
North America contributed the largest share to the global aerospace composites market in 2019 and is anticipated to be a dominating segment throughout the forecast period owing to the presence of leading aircraft manufactures. Increasing investment in research & development of performance aerospace materials and rising spending for space exploration operations is anticipated to contribute towards the growth of North America aerospace composite market during the forecast period. Europe contributed a prominent share to the global aerospace composites market and is anticipated to witness steady growth during the forecast period. Asia Pacific is anticipated to be the most lucrative market during the forecast period owing to increasing number of aerospace composite manufacturers across emerging countries.
Aerospace Composites Market Share Analysis, by Geography (2021)
The report titled “Aerospace Composites Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032” wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global aerospace composites market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Mitsubishi Chemical Corporation generated a revenue of US$ 33,219.0 million in 2019. The product segment analysis of the company indicated that the Performance Products business segment of the company dominated the revenue in 2019.
The global aerospace composites market is segmented on the basis of fiber type, resin type, manufacturing process, aircraft type, application, and geography. Based on fiber type, the global aerospace composites market is segmented into carbon fiber composites, ceramic fiber composites, glass fiber composites, and others. Based on resin type, the global aerospace composites market is segmented into epoxy, phenolic, polyester, polyimides, thermoplastics, ceramic and metal matrix, and others. Based on manufacturing process, the automated fiber placement and tape laying (AFP/ATL), layup, resin transfer molding and vacuum-assisted (RTM/VARTM), filament winding, and others. Based on aircraft type, the global aerospace composites market is segmented into commercial aircraft, business aviation, civil helicopters, military aircraft & helicopters, and others. Based on application, the global aerospace composites market is segmented into interior and exterior. Based on geography, the global aerospace composites market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on aerospace composites. Further, market share of prominent companies in the global aerospace composites market would also be estimated. For instance, Mitsubishi Chemical Corporation operates through five business segments namely Performance Products, Chemicals, Industrial Gases, Health Care, and others. The aerospace composites are delivered under Performance Products business segment of the company with revenue contribution of US$ 10,034.9 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the aerospace composites companies. The global aerospace composites market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the aerospace composites business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global aerospace composites market.
Major players active in the global aerospace composites market include Hexcel Corporation, Koninklijke Ten Cate bv., Materion Corporation, Mitsubishi Chemical Corporation, Owens Corning, Renegade Materials Corporation, SGL Carbon, Solvay (Cytec Industries Incorporated), Teijin Limited, and TORAY INDUSTRIES, INC.
The Global Aerospace Composites Market Is Segmented
Based On Fiber Type
- Carbon Fiber Composites
- Ceramic Fiber Composites
- Glass Fiber Composites
- Others
Based On Resin Type
- Epoxy
- Phenolic
- Polyester
- Polyimides
- Thermoplastics
- Ceramic
- Metal Matrix
- Others
Based On Manufacturing Process
- The Automated Fiber Placement And Tape Laying (AFP/ATL)
- Layup
- Resin Transfer Molding And Vacuum-assisted (RTM/VARTM)
- Filament Winding
- Others
Based On Aircraft Type
- Commercial Aircraft
- Business Aviation
- Civil Helicopters
- Military Aircraft & Helicopters
- Others
Based On Application
Based On Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America.
1. Introduction 1.1. Research Objectives 1.2. Report Assumptions 1.3. Research Methodology 1.4. Abbreviations 2. Preface 2.1. Market Definition 2.2. Report Scope and Market Segmentation 2.3. Research Highlights 3. Market Synopsis: Global Aerospace Composites Market 4. Global Aerospace Composites Market Qualitative Analysis 4.1. Ecosystem Analysis 4.1.1. Role of participants 4.1.2. Integration scenario 4.2. Trends 4.2.1. Market trends 4.2.2. Technology Trends 4.3. PESTEL Analysis (For 5 prominent countries) 4.4. Market Influencers 4.4.1. Driving Forces 4.4.2. Hindering Forces 4.4.3. Opportunities 5. Global Aerospace Composites Market Analysis and Forecast, by Fiber Type 5.1. Overview and definitions 5.2. Key segment analysis 5.3. Global Aerospace Composites Market Estimates (US$ Mn), by Fiber Type, 2018 – 2030 5.3.1. Carbon fiber composites 5.3.2. Ceramic fiber composites 5.3.3. Glass fiber composites 5.3.4. Others 6. Global Aerospace Composites Market Analysis and Forecast, by Resin Type 6.1. Overview and definitions 6.2. Key segment analysis 6.3. Global Aerospace Composites Market Estimates (US$ Mn), by Resin Type, 2018 – 2030 6.3.1. Epoxy 6.3.2. Phenolic 6.3.3. Polyester 6.3.4. Polyimides 6.3.5. Thermoplastics 6.3.6. Ceramic and metal matrix 6.3.7. Others 7. Global Aerospace Composites Market Analysis and Forecast, by Manufacturing Process 7.1. Overview and definitions 7.2. Key segment analysis 7.3. Global Aerospace Composites Market Estimates (US$ Mn), by Manufacturing Process, 2018 – 2030 7.3.1. Automated Fiber Placement And Tape Laying (AFP/ATL) 7.3.2. Hand layup 7.3.3. Resin Transfer Molding And Vacuum-Assisted (RTM/VARTM) 7.3.4. Filament winding 7.3.5. Others 8. Global Aerospace Composites Market Analysis and Forecast, by Aircraft Type 8.1. Overview and definitions 8.2. Key segment analysis 8.3. Global Aerospace Composites Market Estimates (US$ Mn), by Aircraft Type, 2018 – 2030 8.3.1. Commercial aircraft 8.3.2. Business aviation 8.3.3. Civil helicopters 8.3.4. Military aircraft & helicopters 8.3.5. Others 9. Global Aerospace Composites Market Analysis and Forecast, by Application 9.1. Overview and definitions 9.2. Key segment analysis 9.3. Global Aerospace Composites Market Estimates (US$ Mn), by Application, 2018 – 2030 9.3.1. Interior 9.3.2. Exterior 10. Global Aerospace Composites Market Analysis and Forecast, by Region 10.1. Overview and definitions 10.2. Key segment analysis 10.3. Global Aerospace Composites Market Estimates (US$ Mn), by Region, 2018 – 2030 10.3.1. North America 10.3.2. Europe 10.3.3. Asia Pacific 10.3.4. Middle East & Africa 10.3.5. South America 11. North America Aerospace Composites Market Analysis and Forecast 11.1. Overview and definitions 11.2. Key segment analysis 11.3. North America Aerospace Composites Market Estimates (US$ Mn), by Fiber Type, 2018 – 2030 11.3.1. Carbon fiber composites 11.3.2. Ceramic fiber composites 11.3.3. Glass fiber composites 11.3.4. Others 11.4. North America Aerospace Composites Market Estimates (US$ Mn), by Resin Type, 2018 – 2030 11.4.1. Epoxy 11.4.2. Phenolic 11.4.3. Polyester 11.4.4. Polyimides 11.4.5. Thermoplastics 11.4.6. Ceramic and metal matrix 11.4.7. Others 11.5. North America Aerospace Composites Market Estimates (US$ Mn), by Manufacturing Process, 2018 – 2030 11.5.1. Automated Fiber Placement And Tape Laying (AFP/ATL) 11.5.2. Hand layup 11.5.3. Resin Transfer Molding And Vacuum-Assisted (RTM/VARTM) 11.5.4. Filament winding 11.5.5. Others 11.6. North America Aerospace Composites Market Estimates (US$ Mn), by Aircraft Type, 2018 – 2030 11.6.1. Commercial aircraft 11.6.2. Business aviation 11.6.3. Civil helicopters 11.6.4. Military aircraft & helicopters 11.6.5. Others 11.7. North America Aerospace Composites Market Estimates (US$ Mn), by Application, 2018 – 2030 11.7.1. Interior 11.7.2. Exterior 11.8. North America Aerospace Composites Market Estimates (US$ Mn), Country, 2018 – 2030 11.8.1. The U.S. 11.8.2. Canada 11.8.3. Rest of North America 12. Europe Aerospace Composites Market Analysis and Forecast 12.1. Overview and definitions 12.2. Key segment analysis 12.3. Europe Aerospace Composites Market Estimates (US$ Mn), by Fiber Type, 2018 – 2030 12.3.1. Carbon fiber composites 12.3.2. Ceramic fiber composites 12.3.3. Glass fiber composites 12.3.4. Others 12.4. Europe Aerospace Composites Market Estimates (US$ Mn), by Resin Type, 2018 – 2030 12.4.1. Epoxy 12.4.2. Phenolic 12.4.3. Polyester 12.4.4. Polyimides 12.4.5. Thermoplastics 12.4.6. Ceramic and metal matrix 12.4.7. Others 12.5. Europe Aerospace Composites Market Estimates (US$ Mn), by Manufacturing Process, 2018 – 2030 12.5.1. Automated Fiber Placement And Tape Laying (AFP/ATL) 12.5.2. Hand layup 12.5.3. Resin Transfer Molding And Vacuum-Assisted (RTM/VARTM) 12.5.4. Filament winding 12.5.5. Others 12.6. Europe Aerospace Composites Market Estimates (US$ Mn), by Aircraft Type, 2018 – 2030 12.6.1. Commercial aircraft 12.6.2. Business aviation 12.6.3. Civil helicopters 12.6.4. Military aircraft & helicopters 12.6.5. Others 12.7. Europe Aerospace Composites Market Estimates (US$ Mn), by Application, 2018 – 2030 12.7.1. Interior 12.7.2. Exterior 12.8. Europe Aerospace Composites Market Estimates (US$ Mn), Country, 2018 – 2030 12.8.1. Germany 12.8.2. United Kingdom 12.8.3. Belgium 12.8.4. Spain 12.8.5. Rest of Europe 13. Asia Pacific Aerospace Composites Market Analysis and Forecast 13.1. Overview and definitions 13.2. Key segment analysis 13.3. Asia Pacific Aerospace Composites Market Estimates (US$ Mn), by Fiber Type, 2018 – 2030 13.3.1. Carbon fiber composites 13.3.2. Ceramic fiber composites 13.3.3. Glass fiber composites 13.3.4. Others 13.4. Asia Pacific Aerospace Composites Market Estimates (US$ Mn), by Resin Type, 2018 – 2030 13.4.1. Epoxy 13.4.2. Phenolic 13.4.3. Polyester 13.4.4. Polyimides 13.4.5. Thermoplastics 13.4.6. Ceramic and metal matrix 13.4.7. Others 13.5. Asia Pacific Aerospace Composites Market Estimates (US$ Mn), by Manufacturing Process, 2018 – 2030 13.5.1. Automated Fiber Placement And Tape Laying (AFP/ATL) 13.5.2. Hand layup 13.5.3. Resin Transfer Molding And Vacuum-Assisted (RTM/VARTM) 13.5.4. Filament winding 13.5.5. Others 13.6. Asia Pacific Aerospace Composites Market Estimates (US$ Mn), by Aircraft Type, 2018 – 2030 13.6.1. Commercial aircraft 13.6.2. Business aviation 13.6.3. Civil helicopters 13.6.4. Military aircraft & helicopters 13.6.5. Others 13.7. Asia Pacific Aerospace Composites Market Estimates (US$ Mn), by Application, 2018 – 2030 13.7.1. Interior 13.7.2. Exterior 13.8. Asia Pacific Aerospace Composites Market Estimates (US$ Mn), Country, 2018 – 2030 13.8.1. Japan 13.8.2. India 13.8.3. China 13.8.4. Australia 13.8.5. Rest of Asia Pacific 14. Middle East & Africa Aerospace Composites Market Analysis and Forecast 14.1. Overview and definitions 14.2. Key segment analysis 14.3. Middle East & Africa Aerospace Composites Market Estimates (US$ Mn), by Fiber Type, 2018 – 2030 14.3.1. Carbon fiber composites 14.3.2. Ceramic fiber composites 14.3.3. Glass fiber composites 14.3.4. Others 14.4. Middle East & Africa Aerospace Composites Market Estimates (US$ Mn), by Resin Type, 2018 – 2030 14.4.1. Epoxy 14.4.2. Phenolic 14.4.3. Polyester 14.4.4. Polyimides 14.4.5. Thermoplastics 14.4.6. Ceramic and metal matrix 14.4.7. Others 14.5. Middle East & Africa Aerospace Composites Market Estimates (US$ Mn), by Manufacturing Process, 2018 – 2030 14.5.1. Automated Fiber Placement And Tape Laying (AFP/ATL) 14.5.2. Hand layup 14.5.3. Resin Transfer Molding And Vacuum-Assisted (RTM/VARTM) 14.5.4. Filament winding 14.5.5. Others 14.6. Middle East & Africa Aerospace Composites Market Estimates (US$ Mn), by Aircraft Type, 2018 – 2030 14.6.1. Commercial aircraft 14.6.2. Business aviation 14.6.3. Civil helicopters 14.6.4. Military aircraft & helicopters 14.6.5. Others 14.7. Middle East & Africa Aerospace Composites Market Estimates (US$ Mn), by Application, 2018 – 2030 14.7.1. Interior 14.7.2. Exterior 14.8. Middle East & Africa Aerospace Composites Market Estimates (US$ Mn), Country, 2018 – 2030 14.8.1. Saudi Arabia 14.8.2. UAE 14.8.3. Rest of Middle East 15. South America Aerospace Composites Market Analysis and Forecast 15.1. Overview and definitions 15.2. Key segment analysis 15.3. South America Aerospace Composites Market Estimates (US$ Mn), by Fiber Type, 2018 – 2030 15.3.1. Carbon fiber composites 15.3.2. Ceramic fiber composites 15.3.3. Glass fiber composites 15.3.4. Others 15.4. South America Aerospace Composites Market Estimates (US$ Mn), by Resin Type, 2018 – 2030 15.4.1. Epoxy 15.4.2. Phenolic 15.4.3. Polyester 15.4.4. Polyimides 15.4.5. Thermoplastics 15.4.6. Ceramic and metal matrix 15.4.7. Others 15.5. South America Aerospace Composites Market Estimates (US$ Mn), by Manufacturing Process, 2018 – 2030 15.5.1. Automated Fiber Placement And Tape Laying (AFP/ATL) 15.5.2. Hand layup 15.5.3. Resin Transfer Molding And Vacuum-Assisted (RTM/VARTM) 15.5.4. Filament winding 15.5.5. Others 15.6. South America Aerospace Composites Market Estimates (US$ Mn), by Aircraft Type, 2018 – 2030 15.6.1. Commercial aircraft 15.6.2. Business aviation 15.6.3. Civil helicopters 15.6.4. Military aircraft & helicopters 15.6.5. Others 15.7. South America Aerospace Composites Market Estimates (US$ Mn), by Application, 2018 – 2030 15.7.1. Interior 15.7.2. Exterior 15.8. South America Aerospace Composites Market Estimates (US$ Mn), Country, 2018 – 2030 15.8.1. Brazil 15.8.2. Rest of South America 16. Competition Analysis – Aerospace Composites Market 16.1. Market Composition 16.2. Market Share Analysis (%), by Supplier (2019) 16.3. Company Profiles 16.3.1. Hexcel Corporation 16.3.1.1. Business overview 16.3.1.2. Management 16.3.1.3. Geographic presence 16.3.1.4. Product portfolio 16.3.1.5. Financial facts 16.3.1.6. Channel partners 16.3.1.7. Relevant news and strategic view 16.3.2. Koninklijke Ten Cate bv. 16.3.3. Materion Corporation 16.3.4. Mitsubishi Chemical Corporation 16.3.5. Owens Corning 16.3.6. Renegade Materials Corporation 16.3.7. SGL Carbon 16.3.8. Solvay (Cytec Industries Incorporated) 16.3.9. Teijin Limited 16.3.10. TORAY INDUSTRIES, INC. 17. Conclusion & Recommendations
