Aerospace Composites Market Analysis

Aerospace Composites Market Analysis

The carbon segment in the aerospace composites market will dominate 60% of revenue share by 2027. Carbon is widely used to create high-quality precision components used in the manufacturing and treating of high-quality components such as machine plates, nuts, bolts, and posts. Superior strength, hardness, and flexibility are the key factors driving the industry expansion of graphite in aerospace applications. In addition to this, the material is widely used in engine parts, such as impellers and rotors, providing safety against sparks. Lightness, resistance to extreme temperatures, and enhanced strength are the key properties supporting the industry progression. Additionally, graphite possesses self-lubrication properties, providing a stable behavior and reduced maintenance

The thermosetting aerospace composites market is slated to generate a demand of more than 45 kilo tons by 2027. Thermosetting resins are among the most widely used synthetic materials. Easy applicability owing to a change in shape and compatibility with other materials are some of the key properties positively impelling product penetration. These resins are widely used as adhesives and bonding agents. Processing, fabrication, and composite material properties are among the key factors affecting the chemical & physical properties of the resins.

Epoxy is widely used in high-performance materials with a high demand for advanced materials, delivering enhanced performance in aircraft design and assembly along with the repair of interior & exterior aircraft components. Aerospace composites are in high demand as flame, smoke, and toxicity-resistant materials. Growing applications as structural components in aircraft due to their properties, such as enhanced performance in high temperature/high humidity environments, will further support the industry demand. The epoxy material is highly used in interior applications such as insert potting, reinforcement, panel joining, and panel structures.

The commercial aerospace composites market accounted for USD 6 billion in 2020. Growing affordability of flights has increased the number of air passengers traveling in past few years. The growth in the overall passengers will further increase the market revenue. Composites account for more than 50% of the overall market share. Increasing advantages of product usage, such as weight reduction and an increase in the overall efficiency of the aircraft, will fuel the industry size. Moreover, the advantage over other counterparts during manufacturing and molding will support the overall market value.
 

The exterior application segment will showcase around 7.5% growth rate through 2027. Exterior aerospace applications require composites, which have higher operating temperatures and better curing properties. They offer sturdy aerospace frames, which will further foster the industry revenue. Continuous R&D in enhancing the performance of commercial and military applications has resulted in increased usage of composite materials owing to their exceptional strength, higher stiffness-to-density ratio, and superior physical properties. Furthermore, aerospace composites reduce production time, have higher damage tolerance during production, and enable 20% weight reduction.
 

North America aerospace composites market will hold over 35% revenue share by 2027. The region dominates the overall aerospace industry with the highest number of commercial and defense aircraft in the world. Increasing exports along with rising demand from the aerospace sector will augment product demand during the forecast timeframe. The U.S. has majorly influenced the market credited to a vast expansion in the aerospace industry along with high demand from the rest of the region will positively impact the overall industry value.