New Research: Lucintel Predicts a Bright Future for Composites in the Aerospace Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities for Composites in the Global Aerospace Market 2020-2025”.

This market report for aerospace composite materials identifies and predicts future opportunities for growth of aerospace composite materials market for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for aerospace composite materials in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft markets.

According to Lucintel’s market report, the aerospace composite materials market is expected to reach an estimated $3.3 billion by 2025 with a CAGR of 5% to 7% from 2020 to 2025. Some of the dominant players in the aerospace composite materials market are Hexcel, Cytec Solvay Group, Toray, Gurit, and Teijin.

There are some interesting developments in aerospace composite materials market as competition heats up and players try to increase their market share. An emerging trend shaping the market dynamics include recycling of advanced composites.

Read more about this report at:

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