Aerospace Composites Market Forecast 2014-2024
 

Aerospace Composites Market Forecast 2014-2024

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For an Executive Summary of this report please contact ediz.ibrahim@visiongain.com (+44 (0)20 7549 9976) or refer to our website ...

For an Executive Summary of this report please contact ediz.ibrahim@visiongain.com (+44 (0)20 7549 9976) or refer to our website https://www.visiongain.com/Report/1288/Aerospace-Composites-Market-Forecast-2014-2024

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    Aerospace Composites Market Forecast 2014-2024 Aerospace Composites Market Forecast 2014-2024 Document Transcript

    • Aerospace Composites Market Forecast 2014-2024 Opportunities in Commercial, Military & Business Aircraft & Civil Helicopters for CFRP, GFRP & AFRP ©notice This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior written agreement of visiongain.You cannot photocopy, fax, download to database or duplicate in any other way any of the material contained in this report. Each purchase and single copy is for personal use only.
    • www.visiongain.com Contents 1. Report Overview 1.1 Global Aerospace Composites Market Overview 1.2 Global Aerospace Composites Market Segmentation 1.3 Why You Should Read This Report 1.4 How This Report Delivers 1.5 Key Questions Answered by This Analytical Report Include: 1.6 Who is This Report For? 1.7 Methodology 1.8 Frequently Asked Questions (FAQ) 1.9 Associated Visiongain Reports 1.10 About Visiongain 2. Introduction to the Aerospace Composites Market 2.1 What are Composites? 2.1.1 Polymer Matrix Composites (PMCs) 2.1.2 Metal Matrix Composites (MMCs) 2.1.3 Ceramic Matrix Composites (CMCs) 2.2 Common Use Advanced Composite Materials (ACMs) in the Aerospace Industry 2.2.1 Carbon Fibre Reinforced Polymers (CFRPs) 2.2.2 Glass Fibre Reinforced Polymers (GFRPs) 2.2.3 Aramid Fibre Reinforced Polymers (AFRPs) 2.3 Constituents of Advanced Polymer Matrix Composites 2.3.1 The Matrix 2.3.2 Reinforcing Fibres 2.3.3 Interphase 2.4 A Brief Description of Composites Usage in the Aerospace Industry 2.5 Global Aerospace Composites Market Structure Overview 2.6 Aerospace Composites Market Definition 3. Global Aerospace Composites Market 2014-2024 3.1 Global Aerospace Composites Market Forecast 2014-2024 3.2 Global Aerospace Composites Market Drivers & Restraints 3.3 Positive Prospective for the Global Aerospace Composites Market 3.4 An Overview of the Aerospace Composites Supply Chain
    • www.visiongain.com Contents 4. Global Aerospace Composites Submarket by Aircraft Applications 2014-2024 4.1 Global Aerospace Composites Platform Applications Submarket Overview 4.2 Commercial Aircraft Composites Submarket 2014-2024 4.2.1 Promising Prospects for Growth in Commercial Aircraft 4.2.2 Developments to look out for in the Commercial Aircraft Segment 4.3 Military Aircraft Composites Submarket 2014-2024 4.3.1 What does the Military Aircraft Segment Market for Composites look like? 4.3.2 Budget Cuts will hurt the Military Aircraft Segment 4.4 Business & General Aviation Composites Submarket 2014-2024 4.4.1 Opportunities for the Business & General Aviation Segment Appear to be Promising in the Medium Term 4.5 Civil Helicopter Composites Submarket 2014-2024 4.5.1 Healthy Growth Rates Expected for the Civil Helicopter Segment 4.6 Global Aerospace Composites Submarkets by Platform Applications Cumulative Market Share Forecast 2014-2024 5. Global Aerospace Composites Submarket by Composite Types 2014- 2024 5.1 Global Aerospace Composites Types Submarket Overview 5.2 Carbon Fibre (CFRP) Composites Submarket 2014-2024 5.2.1 An Analysis of the Carbon Fibre (CFRP) Submarket 5.3 Glass Fibre (GFRP) Composites Submarket 2014-2024 5.3.1 An Analysis of the Glass Fibre (GFRP) Submarket 5.4 Aramid Fibre (AFRP) Composites Submarket 2014-2024 5.4.1 An Analysis of the Aramid Fibre (AFRP) Submarket 5.5 Global Aerospace Composites Submarket by Composite Types Cumulative Market Share Forecast 2014-2024 6. Leading 10 National Aerospace Composites Market Forecast 2014- 2024 6.1 Leading 10 National Aerospace Composites Market Share Forecast 2014-2024 6.2 United States Aerospace Composites Market Forecast 2014-2024
    • www.visiongain.com Contents 6.2.1 United States Aerospace Composites Market Drivers & Restraints 6.2.2 Analysis of Aerospace Composites Market suggests a Continuation of US dominance over the next Ten Years 6.2.3 The US Market will benefit from Increased Production Cycles and a Strong Domestic Supply Chain 6.2.4 Safety Regulation and Other Concerns 6.3 Japanese Aerospace Composites Market Forecast 2014-2024 6.3.1 Japanese Aerospace Composites Market Drivers & Restraints 6.3.2 The Japanese Aerospace Composites Market Analysis 6.3.3 Support to Develop a Domestic Aircraft Manufacturing Market will Help Drive Growth 6.4 United Kingdom Aerospace Composites Market Forecast 2014-2024 6.4.1 United Kingdom Aerospace Composites Market Drivers & Restraints 6.4.2 Will United Kingdom Continue to be the one of the Top Countries in the Global Aerospace Composites Market? 6.5 French Aerospace Composites Market Forecast 2014-2024 6.5.1 French Aerospace Composites Market Drivers & Restraints 6.5.2 Opportunities for the French Aerospace Composites Market Over Next Decade 6.6 German Aerospace Composites Market Forecast 2014-2024 6.6.1 German Aerospace Composites Market Drivers & Restraints 6.6.2 Growth Prospects Remain Positive for German Aerospace Composites Market in the Next Ten Years 6.7 Canadian Aerospace Composites Market Forecast 2014-2024 6.7.1 Canadian Aerospace Composites Market Drivers & Restraints 6.7.2 The Canadian Aerospace Industry Overview 6.7.3 Strong Support to Drive Growth on Canadian Market 6.8 Chinese Aerospace Composites Market Forecast 2014-2024 6.8.1 Chinese Aerospace Composites Market Drivers & Restraints 6.8.2 Enormous Potential will Encourage Government Support for Further Development 6.8.3 Further Partnerships with Foreign Firms will help to Improve Quality and Productivity 6.8.4 COMAC’s Decision over the Design of the C919 Likely to Affect Demand 6.8.5 Domestic Aerospace Composites Market will Benefit from AVIC’s Continue Military Application Innovation and Production 6.9 Italian Aerospace Composites Market Forecast 2014-2024 6.9.1 Italian Aerospace Composites Market Drivers & Restraints 6.9.2 Future Prospects of the Italian Aerospace Composites Market 6.10 Indian Aerospace Composites Market Forecast 2014-2024 6.10.1 Indian Aerospace Composites Market Drivers & Restraints
    • www.visiongain.com Contents 6.10.2 Indian Aerospace Composites Market Analysis 6.10.3 Mixed Signals from the Indian Aerospace Composites Market 6.11 Brazilian Aerospace Composites Market Forecast 2014-2024 6.11.1 Brazilian Aerospace Composites Market Drivers & Restraints 6.11.2 Embraer’s Fortunes are Crucial to the Brazilian Aerospace Composites Market 6.12 Rest of the World (ROW) Aerospace Composites Market Forecast 2014-2024 6.12.1 Rest of the World (ROW) Aerospace Composites Market Drivers & Restraints 6.12.2 Four other Aerospace Composite Markets to watch out for: Spain, Russia, Malaysia and Australia 6.13 Leading 10 National Aerospace Composites Markets Cumulative Market Share Forecast 2014-2024 7. SWOT Analysis of the Aerospace Composites Market 2014-2024 7.1 Strengths 7.1.1 Composite Usage in the Next Generation of Aircraft 7.1.2 Characteristics of Composite Materials make them Ideal for Aerospace Applications 7.2 Weaknesses 7.2.1 Difficulties with Recycling Composite Materials Could Lead to Decline in Usage in the Long Term 7.2.2 Compared to Traditional Materials, Aerospace Advanced Composite Manufacturing is Still Expensive 7.3 Opportunities 7.3.1 Opportunities for Growth Should Production Process Intensify 7.4 Threats 7.4.1 The Aerospace Industry still has Lots to Learn about Using Composite Materials 8. Expert Opinion 8.1 Gurit Holding AG 8.1.1 Gurit’s Involvement in the Aerospace Composite Market 8.1.2 Trends and Developments in the Aerospace Composite Market 8.1.3 Where is the Demand going to come from? 8.1.4 Technological Developments in the Aerospace Composites Market 8.1.5 Will the use of Composite Materials in new Aircraft such as the B787 and the A350 be as important as it would seem to be? 8.1.6 The Overall Aerospace Composites Market Segment Outlook 8.1.7 How will the Aerospace Composites Market Change?
    • www.visiongain.com Contents 8.1.8 Sustainability & Cost Issues in the Aerospace Composites Market 8.2 European-Based Leading Composites Company 8.2.1 Aerospace Composite Market Trends and Developments 8.2.2 Aerospace Composite Market Future Outlook and Sustainability 9. Leading 20 Aerospace Composites Companies 9.1 Top 20 Leading Aerospace Composites Company Analysis 2014 9.2 Celanese Corporation 9.2.1 Celanese Corporation Analysis 9.3 China Composites Group Corporation Ltd. & China Fiberglass Company Ltd. 9.3.1 China Composites Group Corporation Ltd. & China Fiberglass Company Ltd. Analysis 9.4 Crane Company 9.4.1 Crane Company Analysis 9.5 Cytec Industries Inc. 9.5.1 Cytec Industries Inc. Analysis 9.6 E. I. du Pont de Nemours and Company 9.6.1 E. I. du Pont de Nemours and Company Analysis 9.7 GKN PLC 9.7.1 GKN PLC Analysis 9.8 Gurit Holding AG 9.8.1 Gurit Holding AG Analysis 9.9 Hexcel Corporation 9.9.1 Hexcel Corporation Analysis 9.10 Huntsman International LLC 9.10.1 Huntsman International LLC Analysis 9.11 Kaman Aerospace Corporation 9.11.1 Kaman Aerospace Corporation Analysis 9.12 Mitsubishi Rayon Company Ltd. 9.12.1 Mitsubishi Rayon Company Ltd. Analysis 9.13 PPG Industries Inc. 9.13.1 PPG Industries Inc. Analysis 9.14 Royal TenCate N.V. 9.14.1 Royal TenCate N.V. Analysis 9.15 Safran S.A. 9.15.1 Safran S.A. Analysis 9.16 SGL Group
    • www.visiongain.com Contents 9.16.1 SGL Group Analysis 9.17 Spirit AeroSystems Inc. 9.17.1 Spirit AeroSystems Inc. Analysis 9.18 Strata Manufacturing PJSC 9.18.1 Strata Manufacturing PJSC Analysis 9.19 TOHO TENAX Company Ltd. 9.19.1 TOHO TENAX Company Ltd. Analysis 9.20 Toray Industries Inc. 9.20.1 Toray Industries Inc. Analysis 9.21 Triumph Group Inc. 9.21.1 Triumph Group Inc. Analysis 9.22 Other Major Aerospace Composites Companies 9.22.1 Aviation Industry Corporation of China (AVIC) 9.22.2 3M Company 9.22.3 Advanced Glassfiber Yarns LLC (AGY) 9.22.4 BASF Corporation 9.22.5 Composite Holding Company 9.23 Other Leading Companies in the Aerospace Composites Market 10. Conclusions 10.1 Global Aerospace Composites Market Outlook & Key Findings 10.2 Drivers & Restraints for the Global Aerospace Composites Market 10.3 Global Aerospace Composites Market Forecast 2014-2024 10.4 Global Aerospace Composites Platform Applications Submarket Forecast 2014-2024 10.5 Global Aerospace Composites Types Submarket Forecast 2014-2024 10.6 Leading 10 National Aerospace Composites Market Forecast 2014-2024
    • Page 68www.visiongain.com Aerospace Composites Market Forecast 2014-2024: Opportunities in Commercial, Military & Business Aircraft & Civil Helicopters for CFRP, GFRP & AFRP 4.5 Civil Helicopter Composites Submarket 2014-2024 Table 4.5 Civil Helicopter Composites Submarket Forecast 2014-2024 ($Bn, AGR %, Cumulative) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2014-24 Sales $Bn 1.08 1.12 1.16 1.20 1.24 1.29 1.34 1.39 1.44 1.50 1.56 1.62 14.86 AGR (%) 3.7 3.6 3.4 3.3 4.0 3.9 3.7 3.6 4.2 4.0 3.8 CAGR (%) 2014-19 3.7 2019-24 3.9 CAGR (%) 2014-24 3.8 Source: Visiongain 2014 Figure 4.22 Civil Helicopter Composites Submarket Forecast 2014-2024 ($Bn, AGR%) Source: Visiongain 2014 Figure 4.23 Civil Helicopter Composites Submarket Share Forecast 2014, 2019 and 2024 (% Share) 2014 2019 2024 Source: Visiongain 2014 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 AGR(%) SalesUS$Bn Year Market Value AGR % 10.9 % 10.6 % 10.5 %
    • Page 119www.visiongain.com Aerospace Composites Market Forecast 2014-2024: Opportunities in Commercial, Military & Business Aircraft & Civil Helicopters for CFRP, GFRP & AFRP 6.9 Italian Aerospace Composites Market Forecast 2014-2024 Table 6.16 Italian Aerospace Composites Market Forecast 2014-2024 ($Bn, AGR %, CAGR%, Cumulative) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2014-24 Sales $Bn 0.30 0.31 0.32 0.34 0.35 0.36 0.37 0.39 0.41 0.43 0.45 0.47 4.20 AGR (%) 3.3 3.2 6.3 2.9 2.9 2.8 5.4 5.1 4.9 4.7 4.4 CAGR (%) 2014-19 3.6 2019-24 4.9 CAGR (%) 2014-24 4.2 Source: Visiongain 2014 Figure 6.26 Italian Aerospace Composites Market Forecast 2014-2024 ($Bn, AGR%) Source: Visiongain 2014 Figure 6.27 Italian Aerospace Composites Market Share Forecast 2014, 2019 and 2024 (% Share) 2014 2019 2024 Source: Visiongain 2014 0 1 2 3 4 5 6 7 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 0.50 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 AGR(%) SalesUS$Bn Year Market Value AGR % 3.0 % 2.9 % 3.1 %
    • Page 138www.visiongain.com Aerospace Composites Market Forecast 2014-2024: Opportunities in Commercial, Military & Business Aircraft & Civil Helicopters for CFRP, GFRP & AFRP 8. Expert Opinion 8.1 Gurit Holding AG Headquartered in Wattwil, Switzerland, Gurit Holding AG, is an international industrial group specialised on the development and manufacture of advanced composite materials, related technologies and select finished parts and components. Gurit has established itself as a developer and innovator in the composites industry and positioned itself as the leading global supplier of composite materials and engineering services. With over 30 years’ experience in the practical application of composites across various market sectors and projects, the global group has production sites and offices in Switzerland, Germany, the UK, Canada, Spain, Australia, New Zealand, the USA, Ecuador, Brazil, India and China. The following interview was conducted in May 2014. The interviewee from Gurit, Mr Stefan Gautschi, is the General Manager of Gurit Composite Materials. Visiongain would like to thank Mr Stefan Gautschi and Gurit Composite Materials for their cooperation and contribution. 8.1.1 Gurit’s Involvement in the Aerospace Composite Market Visiongain: Could you outline your company’s involvement in the aerospace composite market? Mr Stefan Gautschi: Gurit is one of the world’s leading suppliers and manufacturers for composite materials. Gurit has been involved in the supply of composite materials to the aerospace industry for over twenty years. Our main focus throughout the years has been the supply of materials for interiors and for so- called secondary structures. I’m not talking about wings or of the fuselage but for secondary structures which are not critical in flying conditions. Supplies for interiors include materials for floor panels, side wall panels, overhead storage compartments, ceilings, etc. Secondary structures are aircraft fairings for cargo-doors, D-noses and so on. We have been a key supplier mainly to Airbus and the entire Airbus supply chain for two decades and today we supply materials into virtually all their aircraft.
    • Page 148www.visiongain.com Aerospace Composites Market Forecast 2014-2024: Opportunities in Commercial, Military & Business Aircraft & Civil Helicopters for CFRP, GFRP & AFRP 9.2 Celanese Corporation Table 9.2 Celanese Corporation Company Overview 2014 (Total Revenue, Revenue from Advanced Engineered Materials Market, % Revenue From Advanced Engineered Materials Market, HQ, IR Contact, Website) Total company revenue $m $6,510.0 million Revenue from Advanced Engineered Materials market $m $1,352.0 million % of revenue from Advanced Engineered Materials market 20.8% Headquarters Irving, Texas, USA IR Contact Mr Jon Puckett, Vice President, Investor Relations Email: jon.puckett@celanese.com Tel: +1 972-443-4965 Fax: +1 972-443-8519 Website www.celanese.com Source: Visiongain 2014 Table 9.3 Celanese Corporation Major Aerospace Composites Contracts / Projects / Programmes 2013 (Date, Country, Details) Date Country Details October 2013 France, Germany Celanese Corporation announced that the new Airbus A400M military transport aircraft features composite fuselage ice protection plates made with glass fabric- based Fortron polyphenylene sulfide (PPS) from Celanese Corporation. Fortron PPS is incorporated into a glass fabric by TenCate Advanced Composites. Fokker Aerostructures in Hoogeveen, Germany, processes the material into finished panels, which protect sides of the fuselage alongside the propeller tips from damage caused by chunks of ice flung from the propellers. The glass fibre reinforced Fortron PPS material is also used on the fixed wing leading edges of the Airbus A380. October 2013 Germany Celanese Corporation announced that the Faserinstitut Bremen e.V. (FIBRE) has developed a cost-effective and efficient process to manufacture lightweight aerospace components that use a continuous fibre-reinforced structural inlay based on Fortron polyphenylene sulfide (PPS) from Celanese. In a pilot project,