Lucintel forecasts that carbon fiber based composites is expected to witness the highest growth during the forecast period. Increasing penetration of carbon composites in commercial aircraft, such as B787 and A350XWB is expected to drive the demand for this segment over the forecast period from 2019 to 2024. #AerospaceCompositesMaterialsMarket,#AerospaceCompositesMarket, #CompositesMarket, #AerospaceMarket, #AerospaceCompositesMaterials

1. Aerospace Composites Materials Market Report
2019-2024: Trends, Forecast and Competitive
Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by Aircraft
Type
Commercial aircraft, regional aircraft, general aviation, helicopter, military
aircraft, others
Market Segments by
Reinforcement Type
Carbon composites, glass composites, aramid composites, others
Market Segments by
Manufacturing Process
Hand lay-up, AFP/ATL, RTM, injection molding, compression molding, others
Market Segments by Type of
Structure
Primary structure interior, engine, others
Market Segments by Type of
Component
Wing, fuselage, empennage, engine, interior, rotor blade, radome, landing
gear, others
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
Hexcel Corporation, TenCate Advanced Composites, Toray Industries Inc.,
Teijin Limited, Cytec Solvay Group, Zodiac Aerospace, Spirit AeroSystems,
Inc., Elbit Systems and others.
Trend Growth Rate and CAGR 4.5%
Key Industry Forecast
The aerospace composite materials market is expected to reach an estimated
$3.8 billion by 2024 with a CAGR of 4.5% from 2019 to 2024.
Key Industry Driver
Driver: Growing demand for lightweight materials to increase fuel efficiency
and growth of aircraft with high composites penetration such B787, A350WXB,
and A380..
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3. Industry Overview
Market Size
• The aerospace composite materials market
is expected to reach an estimated $3.8
billion by 2024 with a CAGR of 4.5% from
2019 to 2024.
• An emerging trend, which has a direct impact
on the dynamics of the aerospace composite
materials industry, includes the recycling of
advanced composites.
Market Size (2024) $3.8 billion
CAGR (2019-24) 4.5%
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Industry Performance : Forecast