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Aerospace Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2021-2026

Published on: Aug 2021 | From USD $2299 | Published By: IMARCGROUP | Number Of Pages: 145

The global aerospace composites market reached a value of US$ 40.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

The aerospace composite refers to reinforced carbon, ceramic and glass based fibers that are present in a tough resin matrix. They are commonly used in propellers, seats, wing assemblies, rotor blades and instrument enclosures of passenger airlines, fighter planes, helicopters, space shuttles and gliders. These composites exhibit high mechanical strength and low density that can be used for manufacturing both structural and utility components of the aircraft. They also exhibit flexibility in manufacturing complex shapes, fiber toughness and resistance to fatigue and corrosion that aids in enhancing the efficiency of the engine.

Significant growth in the aviation and aerospace industries is among the key factors driving the growth of the market. Furthermore, the growing need to develop fuel-efficient aircraft is also providing a boost to the market growth. Manufacturers are building commercial aircraft with composite materials due to their low-weight, high mechanical strength and weather resistance properties. Additionally, increasing air traffic and tourism activities, especially in the emerging economies, is acting as another growth-inducing factor. Airlines are replacing outdated aircraft with technologically advanced and modern airplanes that are equipped with increased payload capacities and cost-efficiency. This has resulted in the widespread adoption of aerospace composites across the globe. Apart from this, increasing space exploratory activities using drones, spaceships and aircraft is also favoring the market growth. Composites safeguard the aircraft and the equipment against damages caused by accidents, climatic changes and collisions. Other factors, including favourable government policies to improve air transport infrastructure, increasing trade activities and extensive research and development (R&D), are projected to drive the market in the upcoming years.

Breakup by Fiber Type:

Carbon Fiber Composites
Ceramic Fiber Composites
Glass Fiber Composites
Other Fiber Composites

Breakup by Resin Type:

Epoxy
Phenolic
Polyester
Polyimides
Thermoplastics
Ceramic and Metal Matrix
Others

Breakup by Aircraft Type:

Commercial Aircraft
Business Aviation
Civil Helicopters
Military Aircraft & Helicopters
Others

Breakup by Application:

Interior Parts
Exterior Parts

Breakup by Manufacturing Process:

AFP/ATL
Layup
RTM/VARTM
Filament Winding
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Bally Ribbon Mills, Hexcel Corporation, Materion Corporation, Mitsubishi Chemical Holding Corporation, Renegade Materials Corporation, Koninklijke Ten Cate B.V., SGL Carbon SE, Solvay, Teijin Limited, Toray Industries Inc., etc. Key Questions Answered in This Report:

How has the global aerospace composites market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global aerospace composites market?
What is the breakup of the market based on the fiber type?
What is the breakup of the market based on the resin type?
What is the breakup of the market based on the aircraft type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the manufacturing process?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global aerospace composites market and who are the key players?
What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Aerospace Composites Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Fiber Type
6.1 Carbon Fiber Composites
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Ceramic Fiber Composites
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Glass Fiber Composites
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Other Fiber Composites
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Resin Type
7.1 Epoxy
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Phenolic
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Polyester
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Polyimides
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Thermoplastics
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Ceramic and Metal Matrix
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Aircraft Type
8.1 Commercial Aircraft
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Business Aviation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Civil Helicopters
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Military Aircraft & Helicopters
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Application
9.1 Interior Parts
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Exterior Parts
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Manufacturing Process
10.1 AFP/ATL
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Layup
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 RTM/VARTM
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Filament Winding
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Others
10.5.1 Market Trends
10.5.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Bally Ribbon Mills
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Hexcel Corporation
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Materion Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Mitsubishi Chemical Holding Corporation
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Renegade Materials Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Koninklijke Ten Cate B.V.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 SGL Carbon SE
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Solvay
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Teijin Limited
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Toray Industries Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis

Figure 1: Global: Aerospace Composites Market: Major Drivers and Challenges
Figure 2: Global: Aerospace Composites Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Aerospace Composites Market: Breakup by Fiber Type (in %), 2020
Figure 4: Global: Aerospace Composites Market: Breakup by Resin Type (in %), 2020
Figure 5: Global: Aerospace Composites Market: Breakup by Aircraft Type (in %), 2020
Figure 6: Global: Aerospace Composites Market: Breakup by Application (in %), 2020
Figure 7: Global: Aerospace Composites Market: Breakup by Manufacturing Process (in %), 2020
Figure 8: Global: Aerospace Composites Market: Breakup by Region (in %), 2020
Figure 9: Global: Aerospace Composites Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Aerospace Composites (Carbon Fiber Composites) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Aerospace Composites (Carbon Fiber Composites) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Aerospace Composites (Ceramic Fiber Composites) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Aerospace Composites (Ceramic Fiber Composites) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Aerospace Composites (Glass Fiber Composites) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Aerospace Composites (Glass Fiber Composites) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Aerospace Composites (Other Fiber Composites) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Aerospace Composites (Other Fiber Composites) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Aerospace Composites (Epoxy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Aerospace Composites (Epoxy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Aerospace Composites (Phenolic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Aerospace Composites (Phenolic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Aerospace Composites (Polyester) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Aerospace Composites (Polyester) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Aerospace Composites (Polyimides) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Aerospace Composites (Polyimides) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Aerospace Composites (Thermoplastics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Aerospace Composites (Thermoplastics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Aerospace Composites (Ceramic and Metal Matrix) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Aerospace Composites (Ceramic and Metal Matrix) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Aerospace Composites (Other Resin Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Aerospace Composites (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Aerospace Composites (Commercial Aircraft) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Aerospace Composites (Commercial Aircraft) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Aerospace Composites (Business Aviation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Aerospace Composites (Business Aviation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Aerospace Composites (Civil Helicopters) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Aerospace Composites (Civil Helicopters) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Aerospace Composites (Military Aircraft & Helicopters) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Aerospace Composites (Military Aircraft & Helicopters) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Aerospace Composites (Other Aircraft Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Aerospace Composites (Other Aircraft Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Aerospace Composites (Interior Parts) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Aerospace Composites (Interior Parts) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Aerospace Composites (Exterior Parts) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Aerospace Composites (Exterior Parts) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Aerospace Composites (AFP/ATL) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Aerospace Composites (AFP/ATL) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Global: Aerospace Composites (Layup) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Global: Aerospace Composites (Layup) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Global: Aerospace Composites (RTM/VARTM) Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Global: Aerospace Composites (RTM/VARTM) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Global: Aerospace Composites (Filament Winding) Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Global: Aerospace Composites (Filament Winding) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Global: Aerospace Composites (Other Manufacturing Process) Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Global: Aerospace Composites (Other Manufacturing Process) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: North America: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: North America: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: United States: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: United States: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Canada: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Canada: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Asia Pacific: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Asia Pacific: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: China: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: China: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Japan: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Japan: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: India: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: India: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: South Korea: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: South Korea: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Australia: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Australia: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Indonesia: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Indonesia: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Others: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Others: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Europe: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Europe: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Germany: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Germany: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: France: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: France: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: United Kingdom: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: United Kingdom: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Italy: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Italy: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Spain: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Spain: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Russia: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Russia: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Others: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Others: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 94: Latin America: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 95: Latin America: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 96: Brazil: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 97: Brazil: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 98: Mexico: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 99: Mexico: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 100: Others: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 101: Others: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 102: Middle East and Africa: Aerospace Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 103: Middle East and Africa: Aerospace Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 104: Global: Aerospace Composites Industry: SWOT Analysis
Figure 105: Global: Aerospace Composites Industry: Value Chain Analysis
Figure 106: Global: Aerospace Composites Industry: Porter’s Five Forces Analysis

Table 1: Global: Aerospace Composites Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Aerospace Composites Market Forecast: Breakup by Fiber Type (in Million US$), 2021-2026
Table 3: Global: Aerospace Composites Market Forecast: Breakup by Resin Type (in Million US$), 2021-2026
Table 4: Global: Aerospace Composites Market Forecast: Breakup by Aircraft Type (in Million US$), 2021-2026
Table 5: Global: Aerospace Composites Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Aerospace Composites Market Forecast: Breakup by Manufacturing Process (in Million US$), 2021-2026
Table 7: Global: Aerospace Composites Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Aerospace Composites Market: Competitive Structure
Table 9: Global: Aerospace Composites Market: Key Players

SECONDARY RESEARCH
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PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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