The aerospace composites market is analyzed for growth trends and forecasts till 2031, focusing on key dynamics and innovations.
A recent study by Fact.MR on the aerospace composites market offers a 10-year forecast for 2021 to 2031. The study analyses crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering aerospace composites.
Aerospace Composites Market sizing for chemical, material and additives involves measurement of capacities, and subsequent statistical analysis thereof. We track the companies engaged in production, processing and supply of target chemical, material and additives. Once, companies / manufacturers are tracked – our team of analysts identify the production plants of tracked companies, subsequently discovering the plant capacities for Aerospace Composites respective product. Since, not all production plants operate at hundred percent capacity, we use the regional and tier group wise benchmarking statistical technique to derive Aerospace Composites capacity utilization coefficient.
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The numerical coefficient of plant utilization rate value is mapped with actual production capacity, and thereby apparent Aerospace Composites production is calculated. Similarly, apparent production of each company in one country is derived, and country level data is aggregated to deduce regional production volumes. Simultaneously, trade volume i.e. export and import of target chemical, material and additives is tracked.
Key Market Segments Covered in Aerospace Composites Industry Analysis
Some Notable Offerings by Fact.MR Report on Aerospace Composites market:
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Some of the Aerospace Composites Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
Which Region Offers the Largest Opportunity for Aerospace Composite Suppliers?
North America holds over 40% revenue share for aerospace composites owing to the presence of a mature aerospace industry in the region. Factors such as significant R&D investments, high air travel frequency, cheaper air travel rates, and presence of major aerospace companies such as Boeing and Lockheed Martin boost market revenue in the region.
In Europe, the market for aerospace composites is expected to rise at a CAGR of 7% across forecast period. This high demand can be attributable to the presence of big aerospace and defence companies in the region. Countries such as France, Germany, and the UK are major aircraft component manufacturers.
What are the Restraints being Encountered by Aerospace Composite Providers?
The aerospace composites industry is capital-intensive. Owing to the current pandemic, largest end users of aerospace composite materials such as commercial & business aircraft manufacturers, rotary aircraft manufacturers, and helicopter manufacturers have been witnessing slow progress. Some OEMs have low liquidity with minimal operating cash flows.
Furthermore, massive drop in market capitalization has led to industry consolidation. Without revenue, OEMs and their suppliers are expected to face a liquidity crunch soon. The biggest challenge for the aerospace industry would be to ensure undisrupted financial flow to avoid the liquidity crunch.
Although composite materials are widely used in the aerospace industry, high manufacturing cost for their production has hampered the growth of the market. Difficulty in repairing composites compared to metallic structures is also restraining the growth of market.
In addition, carbon fibre-reinforced composites are non-biodegradable and do not decompose in landfills. Recycling carbon fiber composites is very difficult and requires a lot of energy. Thus, long-lasting composite scraps badly impact the environment and act as a restraint for the growth of market.
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How Fact.MR Assists in Making Strategic Moves For Aerospace Composites Market Manufacturer?
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The main topic is the growth and trends in the aerospace composites market from 2021 to 2031.
The market is segmented by fibre type, matrix type, application, and aircraft type.
The report evaluates the post-pandemic impact on the aerospace composites market sales.
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