Aerospace Composites Market Size, Trends and Forecast to 2020 by Grand View Research, Inc

Growing importance for light weight composites in aircraft manufacturing to reduce the curb weight with an aim to increase fuel efficiency is expected to have a positive impact on the global market over the forecast period. Composites such as carbon fiber, Kevlar, glass fiber and natural fibers are gaining importance as substitutes to metals and alloys in the manufacture of aircraft components. Light weight, fatigue resistance, corrosion resistance and low pressure tooling are few properties of composite materials that are superior to metals. These properties are expected to have a positive impact on global aerospace composites demand. Moreover, low manufacturing costs associated with composite materials is beneficial in reducing aircraft production costs. Growing market for low cost air carriers is expected to further drive composites demand in aerospace applications. Recycling issues and raw material supply shortages are expected to challenge the market growth over the forecast period.

The report “Aerospace Composites Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/aerospace-composites-market 

North America and Europe are major regional aerospace composites markets. Presence of multinational aircraft manufacturers and advancements in production technologies by companies in the region are expected to drive aerospace composites market in these regions. Asia Pacific is expected to hold immense opportunities for the market over the forecast period. Increasing air traffic in the region on account of rising disposable incomes and improving travel standards have driven the aviation industry. Growing aviation industry coupled with increasing importance for reducing fuel costs are expected to drive the Asia Pacific aerospace composites market.

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