Opportunities for the aerospace composites materials market to reach $3.8 billion by 2024


   September 16, 2019
According to a new market report published by Lucintel, the future of the aerospace composite materials market looks attractive with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft markets. The aerospace composite materials market is expected to reach an estimated $3.8 billion by 2024 with a CAGR of 4.5% from 2019 to 2024. The aerospace composites end product market is expected to reach an estimated $17.2 billion by 2024. Major drivers for this market are the growing demand for lightweight materials to increase fuel efficiency and growth of aircraft with high composites penetration such B787, A350WXB, and A380.

Browse 47 market data tables and 175 figures spread through 304 pages and in-depth TOC on “Composites in the Aerospace Market"

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In this market, carbon fiber, glass fiber, and aramid fiber are used to fabricate various aircraft components. On the basis of our comprehensive research, Lucintel forecasts that carbon fiber based composites is expected to witness the highest growth during the forecast period. Increasing penetration of carbon composites in commercial aircraft, such as B787 and A350XWB is expected to drive the demand for this segment over the forecast period from 2019 to 2024.

Within aerospace composite market, commercial aircraft will remain the largest market by value and volume consumption followed by military aircraft.

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By type of structure, primary structure will remain the largest market by value and volume due to higher composite consumption.

North America will remain the largest region during the forecast period due to a higher demand for newer aircraft and the ongoing replacement of an aging fleet.

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An emerging trend, which has a direct impact on the dynamics of the industry, includes the recycling of advanced composites. Hexcel, Cytec Solvay Group, Toray, Gurit, and Teijin are among the major suppliers of aerospace composites materials.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for composites in the aerospace market by aircraft type, by reinforcement type, manufacturing process, type of structure, by component, and region, and has compiled a comprehensive research report entitled Growth Opportunities for Composites in the Aerospace Market 2019-2024: Trends, Forecast and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategies as it provides a comprehensive data and analysis on trend, key drivers, and directions. The study includes a forecast of the growth opportunities for the composites in the aerospace market by aircraft type, reinforcement type, manufacturing process, type of structure, component, and region as follows:

By Aircraft Type [Volume (M lbs) and Value ($ Million) from 2013 to 2038]:



  • Commercial Aircraft


  • Military Aircraft


  • Regional Aircraft


  • General Aviation


  • Helicopter


  • Others


By Reinforcement Type [Volume (M lbs) from 2013 to 2024]:



  • Carbon Composites


  • Glass Composites


  • Aramid Composites


  • Others


By Manufacturing Process [Volume (M lbs) from 2013 to 2024]:



  • AFP/ALT


  • RTM


  • Compression Molding


  • Injection Molding


  • Hand Layup


  • Others


By Type of Structure [Volume (M lbs) and Value ($ Million) from 2013 to 2024]:



  • Primary Structure


  • Interior


  • Engine      


  • Others


By Component [Volume (M lbs) from 2013 to 2024]:



  • Wings


  • Fuselage


  • Empennage


  • Engine


  • Interior


  • Radome


  • Rotor Blade


  • Landing Gear


  • Others    


By Region [Volume (M lbs) and Value ($ Million) from 2013 to 2024]:



  • North America


  • Europe


  • Asia Pacific


  • ROW


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This 304-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/aerospace-composites-materials-market.aspx or   helpdesk@lucintel.com.

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Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.


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