Aerospace Composites Market by Fiber Type (Carbon, Glass, Ceramic), Resin Type (Epoxy, Phenolic, Polyester, Polyimides, Thermoplastics, Ceramic and Metal Matrix), Aircraft Type, Manufacturing Process, Application, Region - Global Forecast to 2022

  • ID: 4427174
  • Report
  • Region: Global
  • 161 pages
  • Markets and Markets
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Aerospace Composites Market Projected to Reach USD 42.97 Billion by 2022, from an Estimated USD 26.87 Billion by 2017

FEATURED COMPANIES

  • Advanced Composites
  • Hexcel Corp.
  • Hyosung
  • Mitsubishi Rayon Co. Ltd.
  • Quantum Composites
  • Solvay Group
  • MORE

The aerospace composites market is projected to reach USD 42.97 billion by 2022, from an estimated USD 26.87 billion by 2017, at a CAGR of 9.85% between 2017 and 2022. Increasing use of aerospace composites in the exterior and interior of commercial and military aircraft is driving the growth of the aerospace composites market across the globe. However, high processing and manufacturing costs of aerospace composites and lack of standardization in aerospace composite manufacturing technologies are the factors expected to restrain the growth of the aerospace composites market during the forecast period.

The commercial aircraft segment is projected to lead the aerospace composites market, in terms of both volume and value, during the forecast period.

The commercial aircraft segment is projected to lead the aerospace composites market during the forecast period. The growth of this segment can be attributed to the increased use of aerospace composites in aircraft structures. Aerospace composites are used in various aircraft structures such as wings, fuselage, and aircraft interiors, among others, as these can survive extreme operating conditions such as high stress, shocks, and impact loads. Thus, there is an increase in the demand for aerospace composites for the manufacture of new generation aircraft such as Airbus A350 XWB and A320neo, and the Boeing 787 and 737 MAX.

The North America aerospace composites market is projected to grow at the highest CAGR in terms of both, value and volume between 2017 and 2022

North America is expected to be the fastest-growing market for aerospace composites during the forecast period. Increased number of aircraft deliveries, clearance in the backlog of aircraft orders by commercial airline companies, and replacement of old aircraft with advanced ones is driving the growth of the aerospace composites market in North America. The US leads the market for aerospace composites in North America. The penetration of aerospace composites in the US aerospace industry is expected to increase due to the capacity expansion for the production of aerospace composites by major composite manufacturers, increased budget for defense aircraft programs, and growth in the aerospace industry due to a stable economy.

In the process of determining and verifying the market sizes gathered through secondary research for the aerospace composites market, its segments and subsegments, extensive primary interviews have been conducted.

The breakdown of these primary interviews has been given as follows:

  •  By Company Type: Tier 1—10%, Tier 2—25%, and Tier 3—65%.
  •  By Designation: C-level—10%, Director Level—30%, and Others—60%
  •  By Region: North America—20%, Europe—15%, Asia Pacific—45%, Latin America—11%, and the Middle East & Africa—9%

Aerospace composites are also being used in various other applications such as medical, oil & gas, and energy & power, among others. These are being used to manufacture reactors and healthcare equipment, among others.

The key players profiled in the report are as follows:
1. Solvay Group (Belgium)
2. Toray Industries, Ltd. (Japan)
3. Teijin Ltd. (Japan)
4. Hexcel Corporation (US)
5. Royal Ten Cate (Netherlands)
6. SGL Group (Germany)
7. Owens Corning (US)
8. Mitsubishi Rayon Co., Ltd. (Japan)
9. Materion Corporation (US)
10. Renegade Materials Corporation (US)

 Research Coverage
This report covers the global aerospace composites market and forecasts the market size till 2022. The report includes market segmentation on the basis of fiber type, resin type, application, aircraft type, manufacturing process, and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The Porter’s Five Force analysis, along with drivers, restraints, challenges, and opportunities of the market have been discussed in the report. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

REASONS TO BUY THE REPORT
The report is expected to help market leaders/new entrants in the aerospace composites market in the following ways:
1. This report segments the aerospace composites market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different verticals and regions.
2. The report is expected to help the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report is expected to help stakeholders understand competitors and gain insights to enhance their positions in the aerospace composites market. The competitive landscape section includes the ecosystem of competitors, investments & expansions, new product launches, and agreements.

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FEATURED COMPANIES

  • Advanced Composites
  • Hexcel Corp.
  • Hyosung
  • Mitsubishi Rayon Co. Ltd.
  • Quantum Composites
  • Solvay Group
  • MORE

1 Introduction 
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology 
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary 

4 Premium Insights 
    4.1 Significant Opportunities in Aerospace Composites Market
    4.2 Aerospace Composites Market, By Manufacturing Process
    4.3 Aerospace Composites Market, By Aircraft Type and Region
    4.4 Aerospace Composites Market, By Fiber Type
    4.5 Aerospace Composites Market, By Resin Type
    4.6 Aerospace Composites Market, By Application
    4.7 Aerospace Composites Market, By Country

5 Market Overview 
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Use of Aerospace Composites in Commercial Aircraft
                    5.2.1.2 Replacement of Old Aircraft and Increase in Production to Expedite Processing of Purchase Order Backlogs
                    5.2.1.3 Reduction in Manufacturing and Assembling Costs
                    5.2.1.4 Development of Fuel-Efficient Aircraft
           5.2.2 Restraints
                    5.2.2.1 Issues Related to Recyclability
                    5.2.2.2 Lack of Standardization in Manufacturing Technologies
           5.2.3 Opportunities
                    5.2.3.1 Increase in Number of Aircraft Deliveries Globally
                    5.2.3.2 Reduction in the Cost of Carbon Fibers
                    5.2.3.3 Development of Advanced Software Tools for Aerospace Composites
           5.2.4 Challenges
                    5.2.4.1 Developing Low-Cost Technologies
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends 
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Per Capita GDP vs Per Capita Composite Materials Demand
    6.4 Trends of Aerospace Industry
    6.5 Air Traffic Trends in Aerospace Industry

7 Aerospace Composites Market, By Fiber Type 
    7.1 Introduction
    7.2 Carbon Fiber Composites
    7.3 Ceramic Fiber Composites
    7.4 Glass Fiber Composites
    7.5 Others

8 Aerospace Composites, By Resin Type 
    8.1 Introduction
    8.2 Epoxy
    8.3 Phenolic
    8.4 Polyester
    8.5 Polyimide
    8.6 Thermoplastic
    8.7 Ceramic and Metal Matrix
    8.8 Others
           8.8.1 Benzoxazine
           8.8.2 Cyanate Ester
           8.8.3 Bismalimide (BMI

9 Aerospace Composites Market, By Aircraft Type 
    9.1 Introduction
    9.2 Commercial Aircraft
           9.2.1 Single Aisle Aircraft
           9.2.2 Widebody Aircraft
           9.2.3 Regional Jets
    9.3 Business and General Aviation
           9.3.1 Business Jet
           9.3.2 Piston & Turboprop
    9.4 Civil Helicopter
    9.5 Military Aircraft
    9.6 Others
           9.6.1 Unmanned Aerial Vehicles (UAV)
           9.6.2 Spacecraft

10 Aerospace Composites Market, By Manufacturing Process 
     10.1 Introduction
     10.2 AFP/ATL
     10.3 Layup Process
     10.4 Resin Transfer Molding Process
     10.5 Filament Winding Process
     10.6 Others

11 Aerospace Composites Market, By Application 
     11.1 Introduction
     11.2 Interior
             11.2.1 Seats
             11.2.2 Cabin
             11.2.3 Sandwich Panels
             11.2.4 Environmental Control System (ECS Ducting)
     11.3 Exterior
             11.3.1 Fuselage
             11.3.2 Engine
             11.3.3 Wings
             11.3.4 Rotor Blades
             11.3.5 Tail Boom

12 Regional Analysis 
     12.1 Introduction
     12.2 North America
             12.2.1 U.S.
             12.2.2 Canada
     12.3 Europe
             12.3.1 France
             12.3.2 U.K.
             12.3.3 Germany
             12.3.4 Italy
             12.3.5 Austria
             12.3.6 Netherlands
             12.3.7 Poland
             12.3.8 Russia
             12.3.9 Sweden
             12.3.10 Spain
             12.3.11 Turkey
     12.4 Asia-Pacific
             12.4.1 China
             12.4.2 Japan
             12.4.3 Singapore
             12.4.4 Malaysia
             12.4.5 India
             12.4.6 South Korea
             12.4.7 Australia & New Zealand
     12.5 Middle East & Africa
             12.5.1 UAE
             12.5.2 Israel
             12.5.3 South Africa
     12.6 Latin America
             12.6.1 Brazil
             12.6.2 Mexico

13 Competitive Landscape 
     13.1 Introduction
             13.1.1 Market Share Analysis
                        13.1.1.1 Solvay Group
                        13.1.1.2 Toray Industries, Inc.
                        13.1.1.3 Hexcel Corporation
             13.1.2 New Product Launches
             13.1.3 Agreements & Partnerships
             13.1.4 Investments & Expansions
             13.1.5 Acquisitions

14 Company Profiles 
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     14.1 Solvay Group
     14.2 Hexcel Corp.
     14.3 Royal Tencate N.V.
     14.4 Teijin Limited
     14.5 Toray Industries, Inc.
     14.6 SGL Group—The Carbon Company
     14.7 Owens Corning
     14.8 Materion Corporation
     14.9 Mitsubishi Rayon Co. Ltd.
     14.10 Renegade Materials Corporation
     14.11 Other Players
             14.11.1 Gurit
             14.11.2 General Electric
             14.11.3 Rolls Royce
             14.11.4 Honeywell International
             14.11.5 Advanced Composites
             14.11.6 Kineco-Kaman
             14.11.7 Nippon Graphite Fiber
             14.11.8 Quantum Composites
             14.11.9 Hyosung
             14.11.10 Hexion
             14.11.11 E. I. Du Pont Nemours & Co.

*Details Might Not Be Captured in Case of Unlisted Companies

15 Appendix 
     15.1 Insights From Industry Experts
     15.2 Discussion Guide

List of Tables 

Table 1 Trends and Forecast of GDP, 2016–2022 (USD Billion)
Table 2 Per Capita GDP vs Per Capita Composite Materials Demand, 2016
Table 3 Number of New Airplane Demand, By Region, 2016-2035
Table 4 Air Traffic Trends in Aerospace Industry, By Region, 2011–2015, (Revenue Passenger Kilometers)
Table 5 Aerospace Composites Market Size, By Fiber Type, 2015–2022 (USD Billion)
Table 6 Aerospace Composites Market Size, By Fiber Type, 2015–2022 (Kiloton)
Table 7 Carbon Fiber Composites Market Size, By Region, 2015–2022 (USD Million)
Table 8 Carbon Fiber Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 9 Ceramic Fiber Composites Market Size, By Region, 2015–2022 (USD Million)
Table 10 Ceramic Fiber Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 11 Glass Fiber Composites Market Size, By Region, 2015–2022 (USD Million)
Table 12 Glass Fiber Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 13 Other Fiber Composites Market Size, By Region, 2015–2022 (USD Million)
Table 14 Other Fiber Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 15 Aerospace Composites Market Size, By Resin Type, 2015–2022 (USD Million)
Table 16 Aerospace Composites Market Size, By Resin Type, 2015–2022 (Kiloton)
Table 17 Epoxy Resin Composites Market Size, By Region, 2015–2022 (USD Million)
Table 18 Epoxy Resin Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 19 Phenolic Resin Composites Market Size, By Region, 2015–2022 (USD Million)
Table 20 Phenolic Resin Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 21 Polyester Resin Composites Market Size, By Region, 2015–2022 (USD Million)
Table 22 Polyester Resin Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 23 Polyimide Resin Composites Market Size, By Region, 2015–2022 (USD Million)
Table 24 Polyimide Resin Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 25 Thermoplastic Resin Composites Market Size, By Region, 2015–2022 (USD Million)
Table 26 Thermoplastic Resin Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 27 Ceramic and Metal Matrix Resin Composites Market Size, By Region, 2015–2022 (USD Million)
Table 28 Ceramic and Metal Matrix Resin Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 29 Other Resin Composites Market Size, By Region, 2015–2022 (USD Million)
Table 30 Other Resin Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 31 Aerospace Composites Market Size, By Aircraft Type, 2015–2022 (USD Million)
Table 32 Aerospace Composites Market Size, By Aircraft Type, 2015–2022 (Kiloton)
Table 33 Aerospace Composites Market Size in Commercial Aircraft, By Region, 2015–2022 (USD Million)
Table 34 Aerospace Composites Market Size in Commercial Aircraft, By Region, 2015–2022 (Kiloton)
Table 35 Aerospace Composites Market Size in Business and General Aviation, By Region, 2015–2022 (USD Million)
Table 36 Aerospace Composites Market Size in Business and General Aviation, By Region, 2015–2022 (Kiloton)
Table 37 Aerospace Composites Market Size in Civil Helicopter, By Region, 2015–2022 (USD Million)
Table 38 Aerospace Composites Market Size in Civil Helicopter, By Region, 2015–2022 (Kiloton)
Table 39 Aerospace Composites Market Size in Military Aircraft, By Region, 2015–2022 (USD Million)
Table 40 Aerospace Composites Market Size in Military Aircraft, By Region, 2015–2022 (Kiloton)
Table 41 Aerospace Composites Market Size in Other Aircrafts, By Region, 2015–2022 (USD Million)
Table 42 Aerospace Composites Market Size in Other Aircrafts, By Region, 2015–2022 (Kiloton)
Table 43 Aerospace Composites Market Size, By Manufacturing Process, 2015–2022 (USD Million)
Table 44 Aerospace Composites Market Size, By Manufacturing Process, 2015–2022 (Kiloton)
Table 45 AFP/ATL Process: By Market Size, By Region, 2015–2022 (USD Million)
Table 46 AFP/ATL Process: By Market Size, By Region, 2015–2022 (Kiloton)
Table 47 Layup Process: By Market Size, By Region, 2015–2022 (USD Million)
Table 48 Layup Process: By Market Size, By Region, 2015–2022 (Kiloton)
Table 49 RTM/VARTM Process: By Market Size, By Region, 2015–2022 (USD Million)
Table 50 RTM/VARTM Process: By Market Size, By Region, 2015–2022 (Kiloton)
Table 51 Filament Winding Process: By Market Size, By Region, 2015–2022 (USD Million)
Table 52 Filament Winding Process: By Market Size, By Region, 2015–2022 (Kiloton)
Table 53 Other Processes: By Market Size, By Region, 2015–2022 (USD Million)
Table 54 Other Processes: By Market Size, By Region, 2015–2022 (Kiloton)
Table 55 Aerospace Composites By Market Size, By Application, 2015–2022 (USD Million)
Table 56 Aerospace Composites By Market Size, By Application, 2015–2022 (Kiloton)
Table 57 Aerospace Composites By Market Size in Interior Application, By Region, 2015–2022 (USD Million)
Table 58 Aerospace Composites By Market Size in Interior Application, By Region, 2015–2022 (Kiloton)
Table 59 Aerospace Composites By Market Size in Exterior Application, By Region, 2015-2022 (USD Million)
Table 60 Aerospace Composites By Market Size in Exterior Application, By Region, 2015–2022 (Kiloton)
Table 61 Aerospace Composites By Market Size, By Region, 2015–2022 (USD Million)
Table 62 Aerospace Composites By Market Size, By Region, 2015–2022 (Kiloton)
Table 63 North America: By Market Size, By Country, 2015–2022 (USD Million)
Table 64 North America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 65 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 66 Europe: By Market Size, By Country, 2015–2022 (Kiloton)
Table 67 Asia-Pacific: By Market Size, By Country, 2015–2022 (USD Million)
Table 68 Asia-Pacific: By Market Size, By Country, 2015–2022 (Kiloton)
Table 69 Middle East & Africa: By Market Size, By Country, 2015–2022 (USD Million)
Table 70 Middle East & Africa: By Market Size, By Country, 2015-2022 (Kiloton)
Table 71 Latin America: By Market Size, By Country, 2015–2022 (USD Million)
Table 72 Latin America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 73 New Product Launches, 2012–2017
Table 74 Agreements & Partnerships, 2012–2017
Table 75 Investments & Expansions, 2012–2017
Table 76 Acquisitions, 2012–2017

List of Figures

Figure 1 Aerospace Composites: Market Segmentation
Figure 2 Aerospace Composites Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Aerospace Composites Market: Data Triangulation
Figure 6 Carbon Fiber Composites to Lead Aerospace Composites Market Between 2017 and 2022
Figure 7 Epoxy Resin to Drive Aerospace Composites Market Between 2017 and 2022
Figure 8 Commercial Aircraft to Dominate Aerospace Composites Market Between 2017 and 2022
Figure 9 Exterior Application to Dominate the Market Between 2017 and 2022
Figure 10 AFP/ATL Manufacturing Process to Witness the Highest Growth Between 2017 and 2022
Figure 11 North America to Register the Highest CAGR Between 2017 and 2022
Figure 12 Attractive Opportunities in Aerospace Composite Market Between 2017 and 2022
Figure 13 AFP/ATL to Witness High Growth Between 2017 and 2022
Figure 14 Commercial Aircraft Segment Accounted for the Largest Market Share in 2016
Figure 15 Carbon Fiber Composites to Dominate the Market Between 2017 and 2022
Figure 16 Epoxy Segment to Lead Aerospace Composites Market Between 2017 and 2022
Figure 17 Exterior Segment to Dominate Aerospace Composites Market Between 2017 and 2022
Figure 18 Canada to Be the Fastest-Growing Aerospace Composites Market Between 2017 and 2022
Figure 19 Drivers, Restraints, Opportunities, and Challenges in Aerospace Composites Market
Figure 20 Aerospace Composites Market: Porter’s Five Forces Analysis
Figure 21 Trends and Forecast of GDP, 2016 (USD Billion)
Figure 22 Carbon Fiber Composites to Lead Overall Aerospace Composites Market
Figure 23 North America to Dominate Carbon Fiber Composites Market During Forecast Period
Figure 24 Asia-Pacific Projected to Register Highest CAGR in Glass Fiber Composites Market During Forecast Period
Figure 25 Epoxy Resins to Dominate Overall Aerospace Composites Market During Forecast Period
Figure 26 North America to Dominate Epoxy Resin Based Aerospace Composites Market
Figure 27 North America to Dominate Thermoplastics Aerospace Composites Market
Figure 28 Commercial Aircraft to Dominate Aerospace Composites Market During Forecast Period
Figure 29 North America to Dominate Commercial Aircraft Aerospace Composites Market During Forecast Period
Figure 30 North America to Dominate Aerospace Composites Market in Military Aircraft Segment During Forecast Period
Figure 31 AFP/ATL Manufacturing Process to Dominate Aerospace Composites Market
Figure 32 North America to Dominate Aerospace Composites Market for AFP/ATL Manufacturing Process Segment
Figure 33 Europe to Dominate Aerospace Composites Market for RTM/VARTM Manufacturing Process Segment
Figure 34 Exterior Application to Dominate Aerospace Composites Market Till 2022
Figure 35 North America Expected to Drive Aerospace Composites Market in Interior Applications During the Forecast Period
Figure 36 Regional Market Snapshot: Canada to Drive the Aerospace Composites Market Between 2017 and 2022
Figure 37 North America Market Snapshot: U.S. is the Most Lucrative Aerospace Composites Market
Figure 38 Europe Market Snapshot: France is the Most Lucrative Aerospace Composites Market
Figure 39 Aerospace Composites Market Snapshot: China is Fastest-Growing Market in Asia-Pacific
Figure 40 Companies Adopted New Product Launch and Agreement & Partnership as Key Growth Strategies Between 2012 and 2017
Figure 41 Solvay Group: Company Snapshot
Figure 42 Solvay Group: SWOT Analysis
Figure 43 Hexcel Corp.: Company Snapshot
Figure 44 Hexcel Corporation: SWOT Analysis
Figure 45 Royal Tencate N.V.: Company Snapshot
Figure 46 Royal Tencate N.V.: SWOT Analysis
Figure 47 Teijin Limited: Company Snapshot
Figure 48 Teijin Limited: SWOT Analysis
Figure 49 Toray Industries, Inc.: Company Snapshot
Figure 50 Toray Industries, Inc.: SWOT Analysis
Figure 51 SGL Group: Company Snapshot
Figure 52 SGL Group: SWOT Analysis
Figure 53 Owens Corning: Company Snapshot
Figure 54 Owens Corning: SWOT Analysis
Figure 55 Materion Corporation: Company Snapshot

Note: Product cover images may vary from those shown
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  • Advanced Composites
  • E. I. Du Pont Nemours & Co.
  • General Electric
  • Gurit
  • Hexcel Corp.
  • Hexion
  • Honeywell International
  • Hyosung
  • Kineco-Kaman
  • Materion Corporation
  • Mitsubishi Rayon Co. Ltd.
  • Nippon Graphite Fiber
  • Owens Corning
  • Quantum Composites
  • Renegade Materials Corporation
  • Rolls Royce
  • Royal Tencate N.V.
  • SGL Group - The Carbon Company
  • Solvay Group
  • Teijin Limited
  • Toray Industries, Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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