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Aerospace Composites Market Share

Report ID: GMI1358
Published Date: Sep 2021
Report Format: PDF

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Aerospace Composites Market Share

Key companies functioning in the aerospace composites market are :

Hexcel
E.I. DuPont de Nemours
LMI Aerospace
Solvay Group
BASF SE

Companies induce forward, backward, or full integration strategies between raw material manufacturers, composites manufacturers, and distributors. Aerospace market players mostly adopt forward integrated, involving the manufacturing and distribution of the product.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

Market size of aerospace composites had surpassed USD 10 billion in 2020 and will witness a CAGR of over 7.3% through 2027.

Composites are used in aerospace industry to fulfill the lightweight and sturdy component requirements.

Carbon segment will capture a revenue share of 60% by 2027 owing to high product demand to create high-quality precision components in the manufacturing and treating of high-quality components.

Commercial aerospace composites market size was valued at USD 6 billion in 2020 on account of rising affordability of flights leading to increased air travel.

North America market will capture over 35% revenue share by 2027 owing to the availability of highest number of commercial and defense aircraft in the region.