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Report updated on 11th September, 2021: Global Aerospace Composites Market 2021 (Includes Business Impact of COVID-19)Global Aerospace Composites Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global aerospace composites market report has been segmented on the basis of resin, aircraft, fiber type, application, and region. Request Covid - 19 Impact The global Aerospace Composites market size was valued at USD$29.22 billion in 2020 and is projected to reach $70.27 billion by 2030, and is anticipated to expand at a CAGR of 9.53% over the forecast period from 2020 to 2030.
Introduction:Composites are versatile, used for both structural applications and components, in all aircraft and spacecraft, from hot air balloon gondolas and gliders, to passenger airliners, fighter planes, and the space shuttle.
Dynamics:Rapid advancements in composite materials for aircraft application in order to reduce aircraft weight, increasing demand for commercial aircrafts, and rising adoption of composite materials in interior and exterior of aircraft from manufacturers, owing to high mechanical properties are major factors expected to drive growth of the global aerospace composites market. In addition, increasing government expenditure on defense sector and manufacturers approach towards development of composite material, which are light weight and fuel efficient are some other factors expected to support growth of the global market. Moreover, increasing trade activities across globe and rising tourism activates in developed and developing countries, coupled with increasing manufactures approach towards reducing cost of manufacturing and assembly of aircraft are some other factors expected to support growth of the global market over the forecast period. However, issues related to recycling for some composite material is a major factor expected to hamper growth of the global aerospace composites market. In addition, lack of technology and standardization related to use of materials are other factors expected to limit growth of the global market to certain extent. Technological advancements and increasing investment for R&D activities by major players is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period.
Segment Analysis:On the basis of resin segment the global aerospace composites market is segmented into epoxy, phenolic, polyester, polyimides, thermoplastics, ceramic, and metal matrix. The epoxy segment is expected to contribute significant revenue share in the global market over the forecast period.
Region Analysis:The market in North America is expected to dominate the global aerospace composites market and is expected to continue its dominance over the forecast period. The dominance can be attributed to increasing demand from defense sector, increasing trade activities in the country, and presence of major players operating in the countries in this region. In addition, increasing merger and acquisition activities among regional and international players is expected to further support growth of the market in this region. The market in Asia Pacific is expected to witness faster growth, owing to increasing tourism in the countries such as India and China. The market in Europe is expected to contribute significant revenue share in the global market over the forecast period.
Below are the active patents related to Aerospace Composites Market.Patent Number: EP3040307A1 Graphene fiber for aerospace composites Abstract Graphene fibers made from a graphene film formed into an elongated fiber-like shape and composite materials made from the graphene fibers. The graphene film has amine groups formed on at least an outer surface of the graphene film and epoxide groups formed on at least one edge of the graphene film. The amine groups are formed in a functionalized area on the outer surface of the graphene film that is within about 10 microns from the at least one edge of the graphene film, or the functionalized area may extend the entire width of the graphene film. The graphene film may also have holes formed through the graphene film. The elongated fiber-like shapes may be the graphene film in a rolled spiral orientation or the graphene film in a twisted formation. Application File Date: 2015-10-05 Application Granted Date: 2019-07-31 Current Assignee: Boeing Co Patent Number: US9421739B2 Graphene aerospace composites Abstract Composite prepreg materials made from a plurality of layers of graphene film having a size that spans an entire width and an entire length of the composite prepreg material, each of the layers of graphene film being functionalized with holes formed through the graphene film, amine groups formed on both an upper and a lower surface of the graphene film, epoxide groups formed on at least one edge of the graphene film, amine monomers and/or epoxy monomers. The plurality of layers may be formed by stacking a plurality of layers of graphene film to form a stacked composite prepreg material or by folding a graphene film to form a crumpled composite prepreg material. Application File Date: 2015-01-05 Application Granted Date: 2016-08-23 Current Assignee: Boeing Co Patent Number: US20110147670A1 Composite materials with blend of thermoplastic particles Abstract Pre-impregnated composite material (prepreg) is provided that can be cured to form composite parts that have high levels of damage tolerance. The matrix resin includes a thermoplastic particle component that is a blend of particles that have a melting point above the curing temperature and particles that have a melting point at or below the curing temperature. Application File Date: 2011-03-07 Application Granted Date: 2012-01-17 Current Assignee: Hexcel Composites Ltd, Hexcel Corp
Global Aerospace Composites Market Segmentation:By Resin:
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Aerospace Composites Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...