Global Aerospace Composites Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Global Aerospace Composites Market - By Fiber Type (Carbon/Graphite Fiber Composites, Ceramic Fiber Composites, Aramid Fiber Composites and Glass Fiber Composites); By Resin Type {Thermosetting (Epoxy, Phenolics, Polyester, Polyimides) and Thermoplastic (Polyether Ether, Ether Ketone, Polysulfones, Polyetherimide)}; By Aircraft Type [Commercial Aircraft, General Aviation {Business Jets, Piston Airplanes (Single-Engine Piston, Multi-Engine Piston), Turboprop Airplanes (Single-Engine Turboprops, Multi-Engine Turboprops), Helicopters (Piston Helicopters, Turbine Helicopters)}, Military Aircraft and Space Aircraft], By Application (Interior and Exterior); and Region – Analysis of Market Size, Shares & Trends for 2016-2019 and Forecasts to 2030
Product Overview
Aerospace is one of the utmost significances and largest sectors for the composite sector. All the military aircraft, commercial aircraft, helicopters, and spacecraft make use of composite substances both for interior and exterior applications. These composite substances, also called advanced polymer matrix composites, are usually controlled by high-strength fibers that have great flexibility and firmness and are constrained together with frailer matrices. Composite substances are utilized for several reasons in the aircraft sector. The benefit of composites is that they can maintain their characteristics and do not combine entirely with each other.
Market Highlights
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.
Global Aerospace Composites Market: Segments
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.
Global Aerospace Composites Market: Market Dynamics
Driver
Increasing Demand for Composite Substances for the Aerospace Sector
In the expectant situation, post-2021, when aerospace industries begin functioning at full volumes with no travel limitations and intervention in the supply chain, the need for composite materials from the aerospace & defense sector would grow. Composite substances are utilized widely as sandwich structures in interior and exterior applications in the aerospace sector.
Restraint
 Reduction in the Number of Commercial Aircraft Supplies
The reduction in the number of aircraft supplies would openly have an effect on the aerospace composites market. Since more than 80% of the utilization of composites substance is in commercial aircraft, the fall in the need for composite owing to the declined number of aircraft directives would adversely affect the market.
Global 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 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.
Global Aerospace Composites Market: Key Players
• Cytec Industries
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• SGL Group
• Koninklijke Ten Cate Kaneka Corporation
• Hindustan Aeronautics
• Argosy International
• LMI Aerospace
• Axioms Materials
• ACT Aerospace
• BASF
• Toray Industries

The market report on global aerospace composites also contains the following in-depth analysis:
• Aerospace Composites Market Segments:
o By Fiber Type
 Carbon/Graphite Fiber Composites
 Ceramic Fiber Composites
 Aramid Fiber Composites
 Glass Fiber Composites
o By Resin Type
 Thermosetting
 Epoxy, Phenolics
 Polyester
 Polyimides
 Thermoplastic
 Polyether Ether
 Ether Ketone
 Polysulfones
 Polyetherimide
o By Aircraft Type
 Commercial Aircraft
 General Aviation
 Business Jets
 Piston Airplanes
 Single-Engine Piston
 Multi-Engine Piston
 Turboprop Airplane
 Single-Engine Turboprops
 Multi-Engine Turboprops
 Helicopters
 Piston Helicopters
 Turbine Helicopters
 Military Aircraft
 Space Aircraft
o By Application
 Interior
 Exterior
o By Region
 North America
 Latin America
 Europe
 Middle East & Africa
 Asia Pacific
• Aerospace Composites Market Dynamics
• Aerospace Composites Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints