By 2027, the market for aerospace composites will be worth $51.6 billion with a CAGR of 11.7%.

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• 180 Market data Tables
• 51   Figures
• 210 Pages and in-depth TOC on “Aerospace Composites Market – Global Forecast to 2027″

This report also provides a comprehensive analysis of the companies listed below:

Solvay (Belgium), Toray Industries, Inc. (Japan), Mitsubishi Chemical Holdings (Japan), Hexcel Corporation (US), Teijin Limited (Japan), SGL Group (Germany), and Spirit AeroSystems (US.)

Carbon fibers composites are extensively used in aerospace applications, owing to their superior strength-to-weight ratio and anti-corrosive property. The aerospace industry has widely adopted carbon fiber composites for various applications, such as wings, fuselage, engine nacelles, fan casings, floorboards, and interior parts. The evolution in the manufacturing technology of carbon fiber composites parts is also driving its use in aerospace applications.

Polymer matrix type accounted for the largest share in the global aerospace composites market in terms of value and volume.

Polymer matrix composites materials are made by reinforcing fibers, such as carbon and glass fibers with matrix materials – thermoset or thermoplastic. Fiber-reinforced polymer matrix composites combine high strength, stiffness, toughness, and low density, and thus obtain high strength-to-density and stiffness-to-density ratios along with superior physical properties. These materials find applications in the structural components, interior components, and engine components used in aircraft.