Market Insight: Composites in the Global Aerospace Market to reach $5.9 billion by 2033

Lucintel has announced the launch of a market research report entitled “Growth Opportunities for Composites in the Global Aerospace Market.”
This market report for composites in the global aerospace market identifies and predicts future opportunities for growth in the global composites in the global aerospace industry for various segments and for the various regions of North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for composites in the global aerospace market in lightweight materials, high order backlog of aircraft deliveries, high penetration of composite materials in aircraft structures, and increasing production of various aircrafts.
The APAC region is expected to be high demand region for aircraft and composite materials consumption.
According to our market report, the composites market in global aerospace industry is expected to reach an estimated value of $5.9 billion by 2033 with total consumption of composite materials in is anticipated to grow to 133.8 million pounds. The major drivers are increasing demand for lightweight materials, high order backlog of aircraft deliveries, high penetration of composite materials in aircraft structures, and increasing production of various aircrafts.
On the basis of its comprehensive research, Lucintel forecasts that composites in the global aerospace industry is expected to depict a high growth during 2014-2033. APAC will remain the largest region in terms of shipment of composite materials to the global aerospace industry during the forecast period. Boeing 787 uses composites approximately 50% of its total structural weight. Both Airbus A380 and 787 contain more than 100,000 pounds of composites per aircraft. Composites consumption in the commercial aerospace industry will be driven by three programs, Boeing 787, A350 XWB, and A380.
To read more about this report, click below:

http://www.lucintel.com/pq/composites-in-the-aerospace-market-2033.aspx

Feel free to download research content by clicking:

http://www.lucintel.com/rb/composites-in-the-aerospace-market-2033.aspx

You can also get sample pages by clicking:

http://www.lucintel.com/ds/composites-in-the-aerospace-market-2033.aspx

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