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Global Aerospace Composites Market (2021-2026) by Fiber Type, Application, Manufacturing Process, Resin Type, Aircraft Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5503475
  • Report
  • October 2021
  • Region: Global
  • 177 Pages
  • Infogence Global Research

FEATURED COMPANIES

  • Gurit Holding AG
  • Kineco-Kaman Composites
  • Materion Corporation
  • PRF Composite Materials
  • SGL Group
  • Spirit AeroSystems Inc.
The Global Aerospace Composites Market is estimated to be USD 35.7 Bn in 2021 and is expected to reach USD 55.18 Bn by 2026, growing at a CAGR of 9.1%.



Market Dynamics

Composites are materials made up of two or more substances with different physical and chemical properties. The surging demand for composites for making aircraft parts due to its exceptional strength and heat-bearing capacity is driving the growth of the Aerospace Composites Market. Other factors driving the growth are high demand for aerospace composite materials in the aerospace industry, development of fuel-efficient aircraft, and growing uses of abrasives in the Military & Defence sectors. Whereas a decrease in the number of commercial aircraft deliveries and high fabrication & assembly costs may create hindrances in the growth of the market.

Reduction in the cost of carbon fiber and the development of advanced software tools for aerospace composites are opportunities for the market's growth. Although maintaining the supply chain & operating at full capacity and liquidity crunch are the challenges for the market.

Market Segmentation

The Global Aerospace Composites Market is segmented further based on Fiber Type, Application, Manufacturing Process, Resin Type, Aircraft Type, and Geography.

By Fiber Type, the market is classified into Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites, and Other Segments. Amongst all segments, the Carbon Fiber segment is expected to grow at the highest CAGR.

By Application, the market is classified into Interior and Exterior segments. Amongst all, the Exterior Segment is expected to contribute the highest growth.

By Manufacturing Process, the market is classified into AFP/ATL, Lay-Up Process, Resin Transfer Moulding Process, Filament Winding Process, and Other Processes. Amongst all, the AFP/ATL segment is expected to contribute the highest growth.

By Resin Type, the market is classified into Benzoxazine, Cyanate Ester, Bismalimide, Ceramic, and Metal Matrix, Thermosetting Resins, Polyester, and Others. Amongst all, the Thermosetting Resins segment is expected to contribute the highest growth.

By Aircraft Type, the market is classified into Commercial Aircraft, Business & General Aviation, Civil Aircraft, Military Aircraft, Spacecraft, and Other Segments. Amongst all, the Commercial Aircraft Segment is expected to contribute the highest growth.

By Geography, North America is projected to lead the market.

Recent Developments

1. Arlington Capital partners close the acquisition of Triumph’s Composites Business, forming Qarbon Aerospace - May 10, 2021
2. Kaman expands composite repair to the aftermarket through a partnership with C&L Aerospace - Dec 1, 2020
3. Rolls-Royce plans to open a new facility to make composite fan blades and fan cases for jet engines - Jan 14, 2020

Company Profiles

Some of the companies covered in this report are Solvay AG, Toray Industries Inc., Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, Teijin Limited, SGL Group, General Electric Corporation, Rolls-Royce Motor Cars Ltd., etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Aerospace Composites Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Aerospace Composites Market

What is the estimated value of the Global Aerospace Composites Market?

The Global Aerospace Composites Market was estimated to be valued at $35700.0 Million in 2021.

What is the growth rate of the Global Aerospace Composites Market?

The growth rate of the Global Aerospace Composites Market is 9.1%, with an estimated value of $55180.0 Million by 2026.

What is the forecasted size of the Global Aerospace Composites Market?

The Global Aerospace Composites Market is estimated to be worth $55180.0 Million by 2026.

Who are the key companies in the Global Aerospace Composites Market?

Key companies in the Global Aerospace Composites Market include Solvay AG, Toray Industries Inc., Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, Teijin Limited, SGL Group, Materion Corporation, Owens Corning and LEE Aerospace, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Gurit Holding AG
  • Kineco-Kaman Composites
  • Materion Corporation
  • PRF Composite Materials
  • SGL Group
  • Spirit AeroSystems Inc.

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Exceptional Heat Bearing Capacity & High Strength
4.1.2 High Demand of Aerospace Composites Material in Aerospace Industry
4.1.3 Development of Fuel-Efficient Aircraft
4.1.4 Growing Demand in Military & Defence Sector
4.2 Restraints
4.2.1 Decrease in Number of Commercial Aircraft Deliveries
4.2.2 High Fabrication and Assembly Cost of Composite Materials
4.3 Opportunities
4.3.1 Reduction in Cost of Carbon Fiber
4.3.2 Development of Advanced Software Tools for Aerospace Composites
4.4 Challenges
4.4.1 Maintaining Uninterrupted Supply & Operating at Full Capacity
4.4.2 Liquidity Crunch
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Aerospace Composites Market, By Fiber Type
6.1 Introduction
6.2 Carbon Fiber Composites
6.3 Ceramic Fiber Composites
6.4 Glass Fiber Composites
6.5 Others
7 Global Aerospace Composites Market, By Application
7.1 Introduction
7.2 Interior
7.2.1 Seats
7.2.2 Cabin
7.2.3 Sandwich Panels
7.2.4 Environmental Control System (ECS) Ducting
7.3 Exterior
7.3.1 Fuselage
7.3.2 Engine
7.3.3 Rotor Blades
7.3.4 Tail Boom
7.3.5 Wings
8 Global Aerospace Composites Market, By Manufacturing process
8.1 Introduction
8.2 AFP/ATL
8.3 Lay-Up Process
8.4 Resin Transfer Moulding Process
8.5 Filament Winding Process
8.6 Other Processes
9 Global Aerospace Composites Market, By Resin Type
9.1 Introduction
9.2 Benzoxazine
9.3 Cyanate Ester
9.4 Epoxy
9.5 Bismalimide
9.6 Ceramic and Metal Matrix
9.7 Thermosetting Resins
9.8 Polyester
9.9 Others
10 Global Aerospace Composites Market, By Aircraft type
10.1 Introduction
10.2 Commercial Aircraft
10.2.1 Regional Jets
10.2.2 Single Aisle Aircraft
10.2.3 Widebody Aircraft
10.3 Business & General Aviation
10.3.1 Business Jet
10.3.2 Piston & Turboprop
10.4 Civil Aircraft
10.5 Military Aircraft
10.6 Spacecraft
10.7 Others (UAV)
11 Global Aerospace Composites Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 South America
11.3.1 Brazil
11.3.2 Argentina
11.3.3 Chile
11.3.4 Colombia
11.4 Europe
11.4.1 UK
11.4.2 France
11.4.3 Germany
11.4.4 Italy
11.4.5 Spain
11.4.6 Netherlands
11.4.7 Sweden
11.4.8 Russia
11.4.9 Rest of Europe
11.5 Asia-Pacific
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Indonesia
11.5.5 Malaysia
11.5.6 South Korea
11.5.7 Australia
11.5.8 Sri Lanka
11.5.9 Thailand
11.5.10 Rest of APAC
11.6 Middle-East and Africa
11.6.1 Qatar
11.6.2 Saudi Arabia
11.6.3 South Africa
11.6.4 United Arab Emirates
12 Competitive Landscape
12.1 IGR Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Solvay AG
13.2 Toray Industries Inc.
13.3 Mitsubishi Chemical Holdings Corporation
13.4 Hexcel Corporation
13.5 Teijin Limited
13.6 SGL Group
13.7 Materion Corporation
13.8 Owens Corning
13.9 Spirit AeroSystems Inc.
13.10 LEE Aerospace, Inc.
13.11 Gurit Holding AG
13.12 General Electric Corporation
13.13 Rolls-Royce Motor Cars Ltd.
13.14 Kineco-Kaman Composites
13.15 Nippon Graphite Fiber Corporation
13.16 Hyosung Advanced Materials
13.17 Quantum Composites
13.18 Albany Engineered Composites
13.19 PRF Composite Materials
13.20 Victrex PLC
14 Appendix
14.1 Questionnaire
Note: Product cover images may vary from those shown
  • Solvay AG
  • Toray Industries Inc.
  • Mitsubishi Chemical Holdings Corporation
  • Hexcel Corporation
  • Teijin Limited
  • SGL Group
  • Materion Corporation
  • Owens Corning
  • Spirit AeroSystems Inc.
  • LEE Aerospace, Inc.
  • Gurit Holding AG
  • General Electric Corporation
  • Rolls-Royce Motor Cars Ltd.
  • Kineco-Kaman Composites
  • Nippon Graphite Fiber Corporation
  • Hyosung Advanced Materials
  • Quantum Composites
  • Albany Engineered Composites
  • PRF Composite Materials
  • Victrex PLC
Note: Product cover images may vary from those shown