The Aerospace Composites Market growth is supplemented by commercial aircrafts along with increase in defense and military activities. These composites are used in many applications such as ceiling panels, passenger and cargo floor panels, galleys, cabin linings, air ducts, plenums, lavatories, overhead compartments, ceiling panels, partitions, bars, seats, trailing edges, landing gear doors, winglets and fins, brackets, and wardrobes among others. In defense and military applications, aerospace composites are used in making of components essential for helicopters, aircrafts and launchers among others. Aerospace composites help the mechanisms to deal with fire, wear and tear and harsh weather conditions. Also, aerospace composites help the components to improve the performance of aircrafts. Repair, maintenance and overhaul are one of the main segments in aerospace business and will be a key opportunity for the aerospace composites over the estimate period. Though, higher prices and recyclability matters regarding the aerospace composites is expected to hinder the growth of the market in close future

1. Aerospace Composites Market- By Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014- 2024- Acumen Research and Consulting
Introduction:
A wide variety of compounds are used in aerospace industry. Commercial aircrafts,
helicopters, defense aircrafts, engines and launchers are comprised of composites.
Aerospace composites help in increasing the efficiency of engines and lightening the weight
of components, thereby lessening the fuel consumption. Durability and low weight of
components are of enormous importance in aircraft aerospace industry. The aerospace
composite market is classified as: glass fiber reinforced composites, carbon fiber reinforced
composites, metal matrix composites, ceramic matrix composites, and foam core materials,
among others. Aerospace composites are used in exterior as well as interior of the aircrafts.
Furthermore, to this ceramic matrix compounds are used in manufacturing of engines,
which withstands higher temperatures. Besides, aerospace composites provide numerous
characteristics to the components such as durability, fire resistance, lighter weight and
flexibility among others.
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Market Classification:
The Aerospace Composites Market growth is supplemented by commercial aircrafts
along with increase in defense and military activities. These composites are used in many
applications such as ceiling panels, passenger and cargo floor panels, galleys, cabin linings,
air ducts, plenums, lavatories, overhead compartments, ceiling panels, partitions, bars,
seats, trailing edges, landing gear doors, winglets and fins, brackets, and wardrobes among
others. In defense and military applications, aerospace composites are used in making of
components essential for helicopters, aircrafts and launchers among others. Aerospace
composites help the mechanisms to deal with fire, wear and tear and harsh weather
conditions. Also, aerospace composites help the components to improve the performance
of aircrafts. Repair, maintenance and overhaul are one of the main segments in aerospace
business and will be a key opportunity for the aerospace composites over the estimate
period. Though, higher prices and recyclability matters regarding the aerospace
composites is expected to hinder the growth of the market in close future.
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2. Regional Overview:
In case of demand, North America was the foremost region in aerospace composites market
in 2014. The aerospace composites market in North America was directed by the U.S.
Growing demand for aerospace composites from commercial airlines coupled with defense
activities has been influencing the market in earlier few years. North America is trailed by
Asia Pacific in the global aerospace composite market. Asia Pacific is regarded to be fastest
rising market for aerospace composites. Growing demand from helicopters and aircrafts is
driving the demand for aerospace composites in this area. Chins displays maximum
demand for aerospace composites in Asia-Pacific.Other countries such as Singapore, Japan
and India are probable to show potential development for the aerospace composites in
near years. Europe had the third largest portion for aerospace composites in 2014, in terms
of demand. Western Europe had the largest demand in this region for aerospace
composites due to the enormous demand from defense and military activities. However,
Russia and Central Europe will have higher market share for aerospace composites in
predictable future. New product growth in order to meet the rising expectations of the
industry is one of the main strategies in the market.
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Market Participants:
Some of the leading players in the aerospace composites market include Hexcel
Corporation, Cytec Industries, Gurit Holding Co., Toray Industries Inc., Royal Ten Cate and
GKN Plc among others.
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