Composites that are used in the aerospace industries are termed as aerospace composite. The composite materials are light in weight. The structural parts manufactured using composites tend to be light in weight and possess high strength.
The lightweight of composite structural aerospace parts helps in reducing the overall weight of the aircraft, thereby leading to a better weight ratio. Composites are used to make various parts in aircraft like engine blades, interiors, and nacelles. These composite materials are used to make commercial aircraft, business aircraft, general aircraft, military aircraft, helicopter, spacecraft, and others.
Some of the key players influencing the Aerospace Composite Industry are
- General Electric
- Hexcel Corporation
- Materion Corporation
- Mitsubishi Rayon Co. Ltd
- Renegade Materials Corporation
- Royal Ten Cate
- SGL Group
- Solvay Group
- Teijin Ltd.
- Toray Industries Ltd.
The properties offered by aerospace composites such as lightweight, temperature & chemical resistance, are the major factors anticipated to propel the growth of the aerospace composites industries. Moreover, the extended life design and low assembly cost further boost the aerospace composite market. However, the inflated price of the composites and long manufacturing time are the major factors restraining the growth of the market. Likewise, the growth in the aviation industry may provide a lucrative opportunity for market players in the near future.
The “Global Aerospace Composite Market Analysis to 2027” is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aerospace composite market with detailed market segmentation by fiber type, resin type, manufacturing process, aircraft type and application and geography. The global market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aerospace composite market players and offers key trends and opportunities in the market.