Aug 16, 2018   SOURCE: BusinessWire

Global Aerospace Composites Market 2018 - Global Type, Resin Type, Aircraft Type, Application & Geography Analysis & Forecasts 2013-2023 - ResearchAndMarkets.com

The "Aerospace Composites Market by Type, by Resin Type, by Aircraft Type, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.

The aerospace composites market is projected to reach $4,234.4 million by 2023

The market growth is mainly driven by the expanding commercial aircraft fleet worldwide, increasing demand for carbon fiber composites in aerospace applications, and growing application of composites in military aviation.

Based on type, the aerospace composites market is categorized into carbon fiber, glass fiber, aramid fiber, and others (ceramic fiber and metal fiber). Of these, carbon fiber has been the largest category in the market, with an estimated volume contribution of more than 45.0% in 2017. The largest share of the category is ascribed to its superior properties over other types, such as high tensile strength, high stiffness, exceptionally light-weight, and improved durability.

Emerging nations to offer huge growth opportunities

Emerging nations such as China and India, are among the fastest growing aviation markets in the world. This is mainly due to the growing economic prosperity in these countries, which is characterized by the rising middle-class population and growing disposable income. The increasing income level in these countries is encouraging people to opt for air travel more frequently, resulting in higher passenger traffic. The growing passenger traffic in these nations is consistently generating the demand for new commercial aircraft, which in turn is giving momentum to the sales of composites used in aircraft manufacturing, thus accelerating the aerospace composites market growth.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

Chapter 5. Global Market Size And Forecast

Chapter 6. North America Market Size And Forecast

Chapter 7. Europe Market Size And Forecast

Chapter 8. Apac Market Size And Forecast

Chapter 9. Latam Market Size And Forecast

Chapter 10. Mea Market Size And Forecast

Chapter 11. Company Profiles

  • Hexcel Corporation
  • Koninklijke Ten Cate Bv
  • Teijin Limited
  • Toray Industries Inc.
  • Royal Dsm N.V.
  • Sgl Group - The Carbon Company
  • Mitsubishi Chemical Corporation
  • Materion Aerospace Metal Composites
  • Renegade Materials Corporation
  • Quantum Composites
  • Solvay S.A.

For more information about this report visit https://www.researchandmarkets.com/research/cwqvsn/global_aerospace?w=4