Market Research Future published a Cooked-research report on “Global Aerospace Composites Market Research Report- Forecast to 2021” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.
Market Synopsis of Aerospace Composites Market
The Global Aerospace Composites market is expected to grow at a CAGR of around 8% during 2016-2021. This growth is driven due to significant demand for aircraft weight reduction and fuel efficiency and high corrosion resistance.
As per the MRFR analysis, demand for aircraft weight reduction and fuel efficiency and reduction in need for MRO necessity are one of the key drivers for global aerospace composites market. The challenges associated with the market are the complex design process and high acquisition and operation cost of autoclave systems.
APAC is leading the global aerospace composites market with 40% market share. With the growing procurement of next generation aircraft and increased backlog, the region is likely to outpace other in the forecast period.
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Key Players
- Cytec Industries,
- Hexcel,
- Koninklijke Ten Cate (TenCate),
- Mitsubishi Rayon,
- Owens Corning,
- Hartzell Aerospace,
- Hyosung,
- Kaman,
- SGL Group
- Teijin Aramid.
Study Objectives of Aerospace Composites Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Aerospace Composites Market
- To provide insights about factors affecting the market growth
- To analyse the Global Aerospace Composites Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country-level analysis of the market with respect to the current market size and future prospective
- To provide country-level analysis of the market for segment by types and applications
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Aerospace Composites Market
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Key Findings
· The APAC is predictable to lead the aerospace composite market in 2021 with a market share of 43%
· The carbon fiber segment is predictable to lead the aerospace composite market in 2021 with a share of around 50%, followed by glass fiber and aramid fiber
The market report for Aerospace Composites of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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We are thankful for the support and assistance from Global Aerospace Composites Market Research Report- Forecast to 2021 chain related technical experts and marketing experts during Research Team survey and interviews.
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