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 fiber composites comprise a major share of the aerospace composites market
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-
Europe is expected to account for the largest share in the aerospace composites market during the forecast period.
Europe accounted for the largest market share in the aerospace composites market due to high demand from commercial aerospace industries. Moreover, it is home to many key aerospace composite manufacturers, such as SGL Carbon, Solvay, and TenCate. Increased deliveries of Airbus aircraft primarily drives the composites material demand in Europe. Apart from this, the region develops military aircraft and helicopters.
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