Aerospace Composites Growth Opportunities

Post-Pandemic Rebound in Air Travel Increases Aircraft Orders and Delivery Enhancing the Growth Pipeline

The analysis focuses on the primary regions and competitive environment at the sub-segment level and includes competitive structure and market share data at the overall level. The aerospace sector is one of the leading end-use industries in material development innovation, which has led to the adoption of composites in other major end-use industries such as automotive, medical, construction, and electronics. Composites are forecast to become a highly-critical material in aerospace manufacturing by the end of the forecast period in 2028.

The study highlights the key market participants and critical competitive factors to achieve organic growth and gain a solid foothold in the market. The current size of the aerospace composites market is assessed by factors such as air traffic recovery, post-pandemic air travel trends, material substitution potential, and shifting political, socioeconomic, regulatory, environmental, raw material, and technology trends. The study also examines the demand for air travel and offers an in-depth scenario of the substitution potential of composites replacing metals in structural applications. The study also assesses the top growth opportunities for composite manufacturers over the forecast period.

Research Scope

This study assesses the global aerospace composites market in 2021 and provides a CAGR forecast over the 2022 to 2028 period. It discusses the different value chain tiers and estimates volume and revenue for aerospace composites. The research scope encompasses three major aerospace end industries: Commercial Aviation, Defense Aviation, and General Aviation.

These primary segments are divided into the following sub-segments: 

• Fiber (carbon fiber, glass fiber, and aramid fiber) 
• Resin (epoxy, phenolics, high-performance polymers) and Others (polyurethanes, vinylesters, and PP)
• End Use (OEM and MRO) 
• Application (airframe, interiors, and engine) 

Research Highlights

The geographic coverage covers four primary regions: 

• Americas (the United States, Canada, and Latin America, including Mexico)
• Europe (European Economic Area and European Free Trade Association states including the United Kingdom, Commonwealth of Independent States including Ukraine. and Israel)
• Middle East, Africa, and South Asia (Africa, Middle Eastern countries including Turkey, and South Asian countries including India, Pakistan, Bangladesh, Sri Lanka, and Nepal) 
• Asia-Pacific (China, Japan, South Korea, ASEAN Free Trade Area, Australia, New Zealand, and Southeast Asian countries)