The report titled “Aerospace Composites Market” sheds a concentrated focus on the Aerospace Composites industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.
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The Global Aerospace Composites Market size is projected to grow from USD 23.8 Billion in 2020 to USD 41.4 Billion by 2025, at a CAGR of 11.7% during the same period.
Top Companies Profiled in the Aerospace Composites Market:
- Solvay (Belgium)
- Toray Industries, Inc. (Japan)
- Mitsubishi Chemical Holdings (Japan)
- Hexcel Corporation (US)
- Teijin Limited (Japan)
- SGL Group (Germany)
- Materion Corporation (US)
- Owens Corning (US)
- Spirit AeroSystems (US)
- Lee Aerospace (US)
“The ceramic fiber composite segment of aerospace composites to be the fastest-growing segment in terms of value.”
The aerospace composites in the ceramic fiber composite segment are expected to register faster growth. There is a high demand for ceramic fiber composites for making jet engines from commercial, military, civil, business, and general aviation aircraft.
“Ceramic matrix composites to be the faster-growing matrix type, in terms of value.”
Ceramic matrix composites are reinforced with discontinuous reinforcement, such as particles, whiskers or chopped, fibers, or with continuous fibers. The matrix is used to keep the reinforcing phase in the required orientation, which acts as a load transfer media, and protects the reinforcement from the environment.
“The commercial aircraft segment to be the fastest-growing aircraft type, in terms of value, in the aerospace composites market.”
The commercial aircraft segment is the fastest-growing aircraft type in terms of value, of the overall aerospace composites market in 2019. There is a high demand for carbon fiber composites in commercial airliners as they enable reduction of weight, increase fuel efficiency, reduce assembly time & maintenance, and improve performance.
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