Aerospace Composites Market Size – Industry Share Report Analysis - 2023


The global aerospace composite market is estimated to grow during the forecast period (2017-2023) owing to the rising demand of fuel efficient aircrafts. The increasing air traffic and fluctuating oil prices has boosted the demand of aerospace composites in the manufacture of commercial aircrafts, defense aircrafts, helicopters, launchers and engines.
The global market for aerospace composites are categorized on the basis of fiber type, resin type, aircraft type, application and region. Based on fiber type, the market for aerospace composites is segmented into glass fiber composites, carbon fiber composites, and aramid fiber composites.
On the basis of resin type, the aerospace composites market can be segmented into epoxy, phenolic, polyester, polyamide and thermoplastic. The thermoplastic resin composites are estimated to rise at a faster pace during the forecast period due to their increased demand in structural aerospace applications.
On the basis of aircraft type, the aerospace composites market is segmented into commercial aircrafts, business and GA aircrafts, military aircrafts and civil helicopter. Based on application, the global aerospace composites market is categorized as interior and exterior.
North America is expected to be the fastest growing market for aerospace composites, in value terms, during the forecast period owing to the growth in aviation industry and airplane deliveries. Asia-Pacific is projected to witness significant growth in the aerospace composites market, in value terms, during the forecast period.
The key companies operating in the global aerospace composites market include Hexcel Corporation, Owens Corning, Toray Industries, Inc., Solvay SA, Teijin Limited, SGL Group, Mitsubishi Rayon Co. Ltd., Renegade Materials Corporation and Koninklijke Ten Cate NV.

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