© 2016 Global Market Insights. All Rights Reserved Global Aerospace Composites Market to exceed 70 thousand tons till 2024 Aerospace Composites Market 2016 – 2024 Market Size: USD 2.5 Bn in 2016 Forecast Market: USD 5 Bn by 2024

© 2016 Global Market Insights. All Rights Reserved  Aerospace Composites Market size is estimated to surpass USD 5 billion by 2024; according to a new research report by Global Market Insights, Inc. Aerospace Composites Market  Global aerospace composites are expected to cross 70 thousand tons till 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.  Huge investments by various governments in aerospace business will spur the aerospace composites market growth till 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. Global Market Scenario of Marine Sealants Industry

© 2016 Global Market Insights. All Rights Reserved  Advanced fiber recycling, especially for carbon fiber will be witnessed as an emerging trend over the coming years. The significant potential demand of reclaimed fibers can be attributed to their high value, recovered high strength, and high modulus aerospace grade fibers that retain better properties. One of the key innovations is the complete digitization of the aerospace industry.  Carbon fiber will account for highest revenue share in the industry crossing USD 3.5 billion till 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.  Aramid fiber will grow at over 7% CAGR from 2017 to 2024 owing to the provision of all- weather operation of commercial aircrafts and an enhanced vision system. Moreover, the features such as temperature stability and durability will further support the aerospace composites market growth over the coming years. Continue:-

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© 2016 Global Market Insights. All Rights Reserved  Analysis By Aircraft:-  Commercial aircraft is expected to dominate the aerospace composites market with 52% revenue share over the next eight years owing to rising usage of composites, especially carbon fiber in these aircrafts. Increasing expenditure in defense will support the high revenue generation till Military aircrafts will grow exponentially owing to the rising investments in military aviation across the globe. For instance, the military aviation sector in India is expected to invest approximately USD 35 billion over the next 20 years.  Application Analysis:-  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 Increased fuel efficiency and higher passenger comfort are among the key factors fueling the growth of aerospace composites market from interior application. Request for customization:

© 2016 Global Market Insights. All Rights Reserved Regional Analysis:  North America aerospace composites market is anticipated to cross USD 2 billion, capturing almost 40% revenue share till 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. Competitive Analysis: Airbus, Boeing, BASF, E. I. du Pont de Nemours, Huntsman International, Lee Aerospace, and Hindustan Aeronautics are among the prominent players in the aerospace composites market. Other notable players include ACT Aerospace, Gurit Holding AG, Hexcel, Cytec Industries, Teijin Ltd, and Axioms Materials. Inquire Before Buying This

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