Aerospace Composites Market 2022

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Aerospace Composites Market to Rise at a CAGR of
9.85 by 2022
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• The report "Aerospace Composites Market by Fiber
  Type (Carbon, Glass, Ceramic), Resin Type (Epoxy,
  Phenolic, Polyester, Polyimides, Thermoplastics,
  Ceramic and Metal Matrix), Aircraft Type,
  Manufacturing Process, Application, Region -
  Global Forecast to 2022", The aerospace
  composites market is projected to reach USD 42.97
  Billion by 2022 from USD 26.87 Billion in 2017,
  at a CAGR of 9.85 from 2017 to 2022. The major
  factors fueling the growth of the aerospace
  composites market across the globe are the
  increasing use of aerospace composites in
  commercial and military aircraft.
• Early buyers will receive 10 customization on
  this report.

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• Browse 76 Market Data Tables and 55 Figures
  spread through 155 Pages and in-depth TOC
  on "Aerospace Composites Market by Fiber Type
  (Carbon, Glass, Ceramic), Resin Type (Epoxy,
  Phenolic, Polyester, Polyimides, Thermoplastics,
  Ceramic and Metal Matrix), Aircraft Type,
  Manufacturing Process, Application, Region -
  Global Forecast to 2022"https//www.marketsandma
  rkets.com/Market-Reports/aerospace-composites-mark
  et-246663558.htmlIncreasing use of aerospace
  composites in the commercial aircraft segment is
  expected to drive the growth of the aerospace
  composites market from 2017 to 2022.
• The use of aerospace composites in the commercial
  aircraft has gained momentum during the past few
  decades. Up to 53 of the latest Airbus aircraft
  A350XWB is made using aerospace composite
  materials as compared to old aircraft models,
  which used only 25 aerospace composites. The
  main reasons for the growing use of aerospace
  composites in commercial aircraft are the
  reduction in the weight of aircraft and high
  resistance offered against corrosion. Moreover,
  the maintenance costs for aircraft manufactured
  using aerospace composites are lower in
  comparison to the maintenance costs for aircraft
  manufactured using traditional materials.

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Among fiber types, the carbon fiber composites
segment is projected to lead the aerospace
composites market during the forecast period in
terms of both, volume and value. Carbon fibers
account for over 70 of the reinforcements used
to manufacture aerospace composites across the
globe. There is an increasing demand for carbon
fiber composites in the aerospace and defense
aircraft, owing to their lightweight, high
inherent strength, weather-resistant finish, and
variety in surface textures offered. As the
demand for carbon fiber composites is increasing
across the globe, several companies are investing
in setting up their carbon fiber composites
manufacturing plants in North America and
Europe. North America is the largest market for
aerospace composites across the globe. North
America is the largest consumer of aerospace
composites across the globe. In addition, the
North American aerospace composites market is
projected to grow at the highest CAGR in terms of
both value and volume during the forecast period
from 2017 to 2022. The increasing use of
aerospace composites in the commercial and
military aircraft is the major factor driving the
growth of the North American aerospace composites
market.
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Moreover, the presence of major aerospace
manufacturers and mass production of aerospace
parts using aerospace composites are driving the
growth of the North American aerospace composites
market. Some of the leading manufacturers of
composites include Owen Corning (US), Solvay
(Belgium), Hexcel Corporation (US), Royal Ten
Cate (Netherland), Teijin Limited (Japan), and
Toray Industries (Japan), among others. These
players have adopted various organic and
inorganic strategies to strengthen their foothold
in the aerospace composites market. Dont miss
out on business opportunities in Aerospace
composites Market. Speak to our analyst and gain
crucial industry insights that will help your
business grow. https//www.marketsandmarkets.com/s
peaktoanalystNew.asp?id246663558
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• Target Audience
• Manufacturers of Aerospace Composites
• Raw Material Suppliers
• Distributors Suppliers of Aerospace Composites
• Industry Associations
• Investment Research Firms

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aerospace-composites-market.asp