Composites are used in the aerospace industries; those are termed aerospace composite. The composite materials are light in weight. The lightweight of composite structural aerospace parts helps reduce the overall weight of the aircraft, thereby leading to a better weight ratio. The structural parts manufactured using composites tend to be light in weight and possess high strength. Composites are used to make various parts of aircraft like engine blades, interiors, and nacelles.
The "Global Aerospace Composite Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aerospace composite market with detailed market segmentation by product type, application, and geography. The report provides key statistics on the market status of the leading aerospace composite market players and offers key trends and opportunities in the market.
- Based on product type, the global aerospace composite market is segmented into carbon fiber composites, glass fiber composites, aramid fiber composites, and others.
- Based on application, the global aerospace composite market is segmented into commercial & business aircraft, military, helicopters, space, and others.
- The properties offered by aerospace composites such as lightweight, temperature & chemical resistance.
- The extended life design and low assembly cost.
- Increase in demand in aviation industry.
- Rising R&D activities drive the aerospace composite market.
- The inflated price of the composites and long manufacturing time.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aerospace composite market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aerospace composite market in these regions.
IMPACT OF COVID-19 ON aerospace composite MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. The market for 3D printed metal is impacted by the pandemic due to shortfall in production along with halt in construction projects due to global lockdown.
The report covers key developments in the aerospace composite market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aerospace composite market are anticipated to lucrative growth opportunities in the future with the rising demand for aerospace composite in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aerospace composite market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- General Electric
- Hexcel Corporation
- Materion Corporation
- Mitsubishi Rayon Co. Ltd
- Renegade Materials Corporation
- Royal Ten Cate
- SGL Group
- Solvay Group
- Teijin Ltd.
- Toray Industries Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.