Press release
Aerospace Composites Market 2018-2024 | Hexcel Corporation, E.I. DuPont de Nemours, LMI Aerospace, Solvay Group, ACT Aerospace, Lee Aerospace, Hindustan Aeronautics and BASF
Huge investments by various governments in aerospace business will spur the Aerospace Composites Market growth till 2024. The economies that are witnessing rapid growth in aerospace industry are forecasted to possess robust growth prospects over the coming years. These investments will contribute significantly towards the high revenue generation over the next eight years. However, complex manufacturing processes may hamper the aerospace composites market growth.
Sample copy of this report @
www.gminsights.com/request-sample/detail/1358
Aerospace Composites Market size is estimated to surpass USD 5 billion by 2024; according to a new research report by Global Market Insights, Inc. Global aerospace composites are expected to cross 70 thousand tons till 2024. Continuously rising demand for commercial aircrafts along with growing defense sector will primarily drive the growth over the forecast timespan. Rising passenger traffic travelling by air across the globe will also have a positive impact on the aerospace composites market size.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cytec Industries
2. Hexcel
3. Koninklijke Ten Cate
4. Argosy International
5. Axioms Materials
6. BASF
7. E. I. du Pont de Nemours
8. Gurit Holding AG
9. Huntsman International
10. Owens Corning
11. Teijin Ltd.
12. Toray Industries
13. JPS Composite Materials
14. Lee Aerospace
15. ACT Aerospace
16. LMI Aerospace
17. Hindustan Aeronautics
18. SGL Group
19. Solvay
Browse Report Summary @
https://www.gminsights.com/industry-analysis/aerospace-composites-market
Carbon fiber will account for highest revenue share in the industry crossing USD 3.5 billion till 2024. Rising demand from commercial airline operators for their external structural operations will support the aerospace composites market dominance. These external operations are the primary & secondary aircraft structures that include wings, fuselage, undercarriage, and propulsion systems. Reduction in the raw material cost for production of carbon fiber will further escalate the aerospace composites market growth.
Exterior applications will account for over USD 3 billion over the forecast timeline owing to the extensive usage of aerospace composites in exterior structural aircraft applications. The use of composites enables for 20% weight reduction along with low production time and higher damage tolerance during the production. Interior application will grow at over 8% CAGR from 2017 to 2024. Increased fuel efficiency and higher passenger comfort are among the key factors fueling the growth of aerospace composites market from interior application.
Aerospace Composites Market by Aircraft
• Commercial aircraft
• Single engine piston
• Business aircraft
• Military aircraft
• Helicopters
• Space
• Others
Aerospace Composites Market by Application
• Interior
• Exterior
Make an inquiry for purchasing this report @
www.gminsights.com/inquiry-before-buying/1358
North America aerospace composites market is anticipated to cross USD 2 billion, capturing almost 40% revenue share till 2024. Higher consumer spending along with the constant ageing of commercial aircraft are among the primary factors influencing the overall product penetration in the region.
Additionally, huge investments in defense sector in developed countries such as U.S. will induce immense potential to the regional growth. Asia Pacific aerospace composites market will witness highest growth rate over the forecast timeframe owing to rising demand of commercial aircrafts across the region, especially in the emerging economies including China.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
Sample copy of this report @
www.gminsights.com/request-sample/detail/1358
Aerospace Composites Market size is estimated to surpass USD 5 billion by 2024; according to a new research report by Global Market Insights, Inc. Global aerospace composites are expected to cross 70 thousand tons till 2024. Continuously rising demand for commercial aircrafts along with growing defense sector will primarily drive the growth over the forecast timespan. Rising passenger traffic travelling by air across the globe will also have a positive impact on the aerospace composites market size.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cytec Industries
2. Hexcel
3. Koninklijke Ten Cate
4. Argosy International
5. Axioms Materials
6. BASF
7. E. I. du Pont de Nemours
8. Gurit Holding AG
9. Huntsman International
10. Owens Corning
11. Teijin Ltd.
12. Toray Industries
13. JPS Composite Materials
14. Lee Aerospace
15. ACT Aerospace
16. LMI Aerospace
17. Hindustan Aeronautics
18. SGL Group
19. Solvay
Browse Report Summary @
https://www.gminsights.com/industry-analysis/aerospace-composites-market
Carbon fiber will account for highest revenue share in the industry crossing USD 3.5 billion till 2024. Rising demand from commercial airline operators for their external structural operations will support the aerospace composites market dominance. These external operations are the primary & secondary aircraft structures that include wings, fuselage, undercarriage, and propulsion systems. Reduction in the raw material cost for production of carbon fiber will further escalate the aerospace composites market growth.
Exterior applications will account for over USD 3 billion over the forecast timeline owing to the extensive usage of aerospace composites in exterior structural aircraft applications. The use of composites enables for 20% weight reduction along with low production time and higher damage tolerance during the production. Interior application will grow at over 8% CAGR from 2017 to 2024. Increased fuel efficiency and higher passenger comfort are among the key factors fueling the growth of aerospace composites market from interior application.
Aerospace Composites Market by Aircraft
• Commercial aircraft
• Single engine piston
• Business aircraft
• Military aircraft
• Helicopters
• Space
• Others
Aerospace Composites Market by Application
• Interior
• Exterior
Make an inquiry for purchasing this report @
www.gminsights.com/inquiry-before-buying/1358
North America aerospace composites market is anticipated to cross USD 2 billion, capturing almost 40% revenue share till 2024. Higher consumer spending along with the constant ageing of commercial aircraft are among the primary factors influencing the overall product penetration in the region.
Additionally, huge investments in defense sector in developed countries such as U.S. will induce immense potential to the regional growth. Asia Pacific aerospace composites market will witness highest growth rate over the forecast timeframe owing to rising demand of commercial aircrafts across the region, especially in the emerging economies including China.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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