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Global Aerospace Composite Market 2016-2020

  • Executive summary
    • Highlights
  • Scope of the report
    • Top-vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Aerospace composites market
    • Market size and forecast
      • Table Global aerospace composites market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Global aerospace and defense value chain system
    • Table Global aerospace and defense value chain system
  • Global aerospace and defense supply chain system
    • Table Global aerospace and defense supply chain system
  • Segmentation by composite type
    • Segmentation of market by composite type 2015-2020
      • Table Segmentation of market by composite type 2015
      • Table Segmentation of market by composite type 2020
      • Table Segmentation of market by composite type 2015-2020 ($ billions)
    • Global glass fiber composites market for aerospace industry
      • Table Global glass fiber composites market for aerospace industry 2015-2020 ($ billions)
      • Table Characteristics of glass fiber
    • Global carbon fiber composites market for aerospace industry
      • Table Global carbon fiber composites market for aerospace industry 2015-2020 ($ billions)
      • Table Characteristics of carbon fiber
    • Global aramid fiber composites market in aerospace industry
      • Table Global aramid fiber composites market in aerospace industry 2015-2020 ($ millions)
      • Table Characteristics of aramid fiber
  • Geographical segmentation
    • Geographical segmentation of global aerospace composites market 2015-2020
      • Table Geographical segmentation of market 2015
      • Table Geographical segmentation of market 2020
      • Table Market segmentation by geography 2015-2020 ($ billions)
    • Aerospace composites market in APAC
      • Table Aerospace composites market in APAC ($ billions)
    • Aerospace composites market in EMEA
      • Table Aerospace composites market in EMEA ($ billions)
    • Aerospace composites market in the Americas
      • Table Aerospace composites market in the Americas ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • List of vendors in global aerospace composites market
      • Table Major vendors
      • Table Other prominent vendors
    • Cytec Industries
      • Table Cytec Industries: Business segmentation by revenue 2014
      • Table Cytec Industries: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table Cytec Industries: Geographical segmentation by revenue 2014
    • Hexcel
      • Table Hexcel: Business segmentation by revenue 2015
      • Table Hexcel: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Hexcel: Geographical segmentation by revenue 2015
    • Koninklijke Ten Cate (TenCate)
      • Table TenCate: Business segmentation by revenue 2014
      • Table TenCate: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table TenCate: Geographical segmentation by revenue 2014
    • Mitsubishi Rayon
    • Owens Corning
      • Table Owens Corning: Business segmentation by revenue 2015
      • Table Owens Corning: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Owens Corning: Geographical segmentation by revenue 2015
    • Key vendors' recent developments
  • Appendix
    • List of abbreviation
  • Explore Technavio

About Aerospace Composites

Composites are made up of two or more different materials, resulting in a product that has physical and chemical properties different from those of its constituents. Fiber-reinforced polymers, for instance, are composed of carbon, glass, and aramid fibers and are primarily used in the aerospace industry. Though composites provide lightweight components for aircraft, they do not compromise on strength.

Technavio’s analysts forecast the global aerospace composites market to grow at a CAGR of 6.81% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global aerospace composites market for 2016-2020. To calculate the market size, the report provides a global overview and looks at market segmentation by composite type (glass, carbon, and aramid) and growth prospects by region (APAC, EMEA, and the Americas). It also presents the market landscape and a corresponding analysis of the prominent vendors in the market.The market is divided into the following segments based on geography:

  • APAC
  • EMEA
  • ROW
  • US
Technavio's report, Global Aerospace Composite Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cytec Industries
  • Hexcel
  • Koninklijke Ten Cate (TenCate)
  • Mitsubishi Rayon
  • Owens Corning
Other prominent vendors
  • Hartzell Aerospace
  • Hyosung
  • Kaman
  • SGL Group
  • Teijin Aramid
Market driver
  • Reduction in need for MRO necessity
  • For a full, detailed list, view our report
Market challenge
  • High acquisition and operation cost of autoclave systems
  • For a full, detailed list, view our report
Market trend
  • Adoption of composites in jet engines
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Aerospace Composites Market 2016-2020

Technavio recognizes the following companies as the key players in the global aerospace composites market: Cytec Industries, Hexcel, Koninklijke Ten Cate (TenCate), Mitsubishi Rayon, and Owens Corning.

Other Prominent Vendors in the market are: Hartzell Aerospace, Hyosung, Kaman, SGL Group, Teijin Aramid.

Commenting on the report, an analyst from Technavio’s team said: “Adoption of composites in jet engines will be one of the prime trends leading to market growth. The next-generation GE Leap engines are expected to feature a considerable amount of carbon ceramic composite in the high-pressure turbines, replacing the nickel-metal alloys. GE is also using carbon fiber composites for its jet engine fan blades that will be launched in the market along with the GE9X engine powering Boeing's 777X aircraft. The composite has allowed GE9X engine to have thinner and fewer blades, resulting in a 5% reduction in fuel consumption than similar other engines.”

According to the report, one of the key drivers in market growth is the reduction in need for MRO necessity. Metal structures and components are susceptible to long-term fatigue. Thus, the majority of expenses accounts for the operation, maintenance, and repair of aircraft rather than the cost of acquisition in its total life cycle. On the other hand, composite structures retain their strength and characteristics for a longer period and do not decompose. Thus, the cost of structural inspection and other MRO requirements is less than metals.

Further, the report states that complex design process will be one of the challenges faced by the market. Though composites are more desirable than metals, its use poses issues in damage tolerance, delamination, and design challenges. Metals exhibit plasticity, which makes them capable of undergoing deformation (bend or stretch) under high loads before they break. It makes the metal more suitable to handle small impacts and loads with little reduction in the basic strength of the structure. The high plasticity of metals allows them to distribute the loads on the structure, saving them from conditions of permanent structural failure.

Companies Mentioned

Cytec Industries, Hexcel, Koninklijke Ten Cate (TenCate), Mitsubishi Rayon, Owens Corning, Hartzell Aerospace, Hyosung, Kaman, SGL Group, Teijin Aramid.

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