Fatpos Global has released a report titled “Aerospace Composites Market — Analysis of Market Size, Share & Trends till 2020 and Forecasts to 2030” which is anticipated to reach USD XXX billion by 2030. According to a study by Fatpos Global Global aerospace composites market is expected to exceed USD 34,752.9 million by 2030 from USD 18,307.3 million in 2019 at a CAGR of 10.43% throughout the forecast period i.e. 2020-2030. The market is anticipated to grow on the back of growing demand for composite materials for the aerospace industry. Aspects such as increasing air travelers, growth in tourism, the evolution of cost-efficient transporters, and emerging involvement towards aircraft fuel proficiency are projected to upsurge the market demand. The producers are increasingly spending in research & development to modernize lightweight and low-cost composites for the aerospace industry with great strength-to-weight proportion, and exceptional effect strength.
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The market report on Aerospace Composites Market includes in-depth insights as:
The Carbon Fiber Composites segment to grow with the fastest CAGR of XX% during 2020-2030
Global aerospace composites market is segmented by Fiber Type into Carbon/Graphite Fiber Composites, Ceramic Fiber Composites, Aramid Fiber Composites, and Glass Fiber Composites. Among these, the carbon fiber composites segment is estimated to hold the largest market share of xx% in 2019. Carbon fiber composites are widely utilized in aerospace applications, based on their greater strength-to-weight ratio and anti-corrosive property. The aerospace sector has broadly implemented carbon fiber composites for several applications, such as wings, fuselage, engine nacelles, fan casings, floorboards, and interior parts.
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Aerospace Composites Market: Regions
Europe to surge at the highest CAGR of XX% during 2020-2030
Region-wise, the market for aerospace composites across the globe is segmented into North America, Latin America, Europe, Middle East & Africa and the Asia Pacific. Among these, Europe is witnessed to constitute xx% of the total market share in the year 2019, owing to increased demand from commercial aerospace sectors. In addition, it is internal to many primary aerospace composite producers, such as SGL Carbon, Solvay, and Ten Cate. Raised supplies of Airbus aircraft mainly pushes the compounds material need in Europe. Other than this, the region builds military aircraft and helicopters.
Key Players in the Aerospace Composites Market:
• SGL Group
• Koninklijke Ten Cate Kaneka Corporation
• Hindustan Aeronautics
• Argosy International
• LMI Aerospace
• Axioms Materials
• ACT Aerospace
• Toray Industries
About Fatpos Global
Fatpos Global is a leading management consulting, advisory, and market research organization that serves its clients globally by its team of experts and industry veterans that have years of expertise for management consulting, advisory, and market research analysis. The organization functions across business consulting, strategy consulting, and market research, operations consulting, financial advisory, human resources, risk & compliance, environmental consulting, software consulting, and sales consulting amongst others, and aims to aid businesses with bold decisions that help them embrace change for their sustainable growth.
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