North America Holds Over 40% of Aerospace Composites Market Revenue Share – Fact.MR Study – Queen Anne and Mangolia News

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The impact of the COVID-19 outbreak has forced several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemistry industry has suffered a huge setback due to production stoppages and a limited supply of raw materials.

The report offers actionable and valuable insights into the Aerospace Carbon Fiber Composites market. The latest report from Fact.MR provides details about the current market scenario across different regions along with the historical data and forecast of the market. The report also includes sales and demand information for the Aerospace Carbon Fiber Composites market across various industries and regions.

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Fact.MR’s Aerospace Composites industry analysis shows that the global market was valued at US$32 billion in 2020, and is expected to reach the top $56 billion by 2031, growing at an impressive CAGR of 9% over the entire forecast period. Sales of carbon fiber composites are expected to reach a valuation of around $22 billion, increasing at a CAGR of 9% until 2031, that of glass composites increasing to 8%.

Market research by Fact.MR gives exclusive insights on market growth. The study identifies crucial trends driving the growth of the Aerospace Carbon Fiber Composites Market. This newly released report sheds light on vital dynamics, such as drivers, restraints, and opportunities for major market players as well as emerging players associated with production and supply. Fact.MR Latest Report Provides Detailed Analysis of Aerospace Carbon Fiber Composites Market

This newly published and insightful report sheds light on the Aerospace Carbon Fiber Composites Market outlook, key dynamics, their impact on the overall value chain from suppliers to end users and the Aerospace Carbon Fiber Composites Market growth. .

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Key Market Segments Covered by Aerospace Composites Industry Analysis

  • On the basis of fibers:

    • Carbon fiber aerospace composites
    • Ceramic fiber aerospace composites
    • Fiberglass Aerospace Composites
  • Based on the matrix:

    • Polymer matrix
    • Ceramic matrix
    • metal matrix
  • Based on the app:

    • Aerospace composites for interiors
    • Aerospace composites for exteriors
  • Based on the manufacturing process:

    • AFP (Automated Fiber Placement)/ATL (Automated Tape Layup)
    • Lay-up
    • Resin transfer molding
    • Filament winding
  • Based on aircraft:

    • Aerospace composites for commercial aircraft
    • Aerospace composites for business and general aviation
    • Aerospace composites for civil helicopters
    • Aerospace composites for military aircraft

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Key insights from market research

  • Revenues from aerospace composites topped US$32 billion in 2020 and are expected to reach a valuation of over US$56 billion by 2031.
  • Major factors driving the demand for aerospace composites are growth in aerospace industry, increasing demand for fuel efficient aircraft and propulsion from space exploration and defense industry
  • North America, with the highest market share of 40%, will contribute significantly to the revenue growth of aerospace composites over the next few years.
  • The Chinese aerospace composites market is expected to grow at a CAGR of 8% over the forecast period.
  • The demand for aerospace composites in the United States was approximately US$9 billion in 2020.
  • Carbon fiber composites accounted for 40% market share.

“The growth of the aviation industry and the propulsion of the space and defense industry to increase the demand for aerospace composites over the next few years,” says an analyst at Fact.MR.

Competitive landscape

Major market players are focusing on adopting merger and acquisition (M&A) strategies to expand their product portfolios. Major companies are involved in adopting various inorganic and organic strategies to increase their presence in the industry. Leading manufacturers are also investing in research and development to innovate lightweight, cost-effective composites for the aerospace industry.

Some of the key developments are

  • In December 2019, Solvay and SGL Carbon entered into a Joint Development Agreement (JDA) to bring to market the first large-tow intermediate modulus (IM) carbon fiber composite materials. These materials respond to the need to reduce costs and CO2 emissions, and to improve the production process and energy efficiency of next-generation commercial aircraft.
  • In January 2019, Teijin Limited entered into an agreement with Boeing for the supply of unidirectional prepreg tape (TENAX TPUD). This has helped the company in its medium-term growth in the aerospace sector.
  • In February 2019, Teijin Limited acquired Renegade Materials Corporation, a supplier of highly heat-resistant thermoset prepregs for the aerospace industry in North America. This has helped the company solidify its position as a leading solution provider for aerospace applications.

Read more trend reports from Fact.MR- https://www.einpresswire.com/article/557298123/demand-for-independent-front-suspension-is-estimated-to-remain-high-owing-to-the-system-of-better-handling-stability

Benefits of the report and answers to key questions

  • Business and Brand Share Analysis of Aerospace Carbon Fiber Composites: The report offers brand share analysis in the Aerospace Carbon Fiber Composites market to offer a deeper analysis of the competition. This is intended to help businesses with proactive long-term planning.
  • Aerospace Carbon Fiber Composites Historical Volume Analysis: Factors affecting sales in the past are analyzed in detail. The report also offers a comparative analysis between the growth trajectory displayed in 2016-2020 and 2021-2031.
  • Aerospace Carbon Fiber Composites Category and Segment Level Analysis: To offer a comprehensive analysis, the market identifies major segments and highlights key factors enabling growth in these categories.
  • Consumption of Aerospace Carbon Fiber Composites by Demographics: Demographic analysis aims to provide recommendations to businesses to help them create growth strategies around dynamic consumption patterns.
  • Aerospace Carbon Fiber Composites Manufacturing Trend Analysis: Analysis of manufacturing trends is the culmination of the study. It offers vital data on the strategies adopted by market players to align their manufacturing strategies with prevailing market trends.
  • Post-COVID Consumer Spending on Aerospace Carbon Fiber Composites: The survey offers a chapter dedicated to the analysis of post-COVID consumer behavior. Changes in their spending habits are carefully analyzed to provide insight into the potential impact on Aerospace Carbon Fiber Composites sales.

More Valuable Insights into Aerospace Carbon Fiber Composites Market

Fact.MR, in its new report, offers an unbiased analysis of Aerospace Carbon Fiber Composites Market, Aerospace Carbon Fiber Composites Sales and Demand, Analyzing Forecast Statistics till 2019 and Beyond . The study reveals growth projections based on various criteria.

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