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

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