Global Aerospace Composites Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
May. 14, 2018
DUBLIN--(BUSINESS WIRE)--May 14, 2018--The "Global Aerospace Composites Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global aerospace composites market is expected to register a CAGR close to 7% during the forecast period.
Demand for fuel efficient and long haul aircrafts, are the major driving factors for the carbon fiber composite industry. Use of carbon fiber composites in wings, can reduce the weight of the aircraft by 50,000 pounds. It offers superior strength to weight ratio, high chemical resistance, high stiffness, low thermal expansion, and its mechanical properties can be tailored based on application.
The use of composite materials in commercial transport aircraft is attractive because reduced airframe weight enables better fuel economy, and therefore, lowers operating costs. Reduced maintenance and longer design life, fewer parts, and reduced tooling and assembly costs are some of the reasons, which drive the market for carbon fiber in the aerospace industry.
North America is expected to remain the largest market, due to the augmentation in the end-use industries, and an increasing demand for lightweight materials in the aerospace industry. The growth is mainly driven by the increasing consumption of aerospace composites in exterior and interior parts in commercial and military aircraft. The US is the largest consumer of aerospace composites globally, in terms of value and volume and is expected to strengthen its position further during the forecast period.
Companies MentionedBally Ribbon Mills Mitsubishi Chemical Composites And Composites Toho Tenax Toray Industries SGL Carbon Hexcel Cytec C Solvay Group DuPont
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview And Technology Trends
5. Market Dynamics
6. Global aerospace composites Market, Segmented By Fiber Type
7. Global aerospace composites Market, Segmented By Application
8. Global aerospace composites Market, Segmented By Geography
9. Competitive Landscape
10. Company Profiles
11. Future Outlook
For more information about this report visit https://www.researchandmarkets.com/research/vxpffb/global_aerospace?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180514005553/en/
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Related Topics:Commercial Aerospace,Composites
INDUSTRY KEYWORD: MANUFACTURING AEROSPACE CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 05/14/2018 07:05 AM/DISC: 05/14/2018 07:05 AM