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(Transportation-News.com, October 08, 2016 ) The report, “Aerospace Composites Market by Type (Glass Fiber, Carbon Fiber, Ceramic Matrix, Aramid Fiber, Metal Matrix), Aircraft Parts (Fuselage, Wings, Empennage), & Application (Commercial, Military, Business, Helicopters) - Global Trends & Forecasts to 2019”, defines and segments the aerospace composite market with an analysis and forecast for types and applications by volume as well as value.
Browse 85 market data tables and 73 figures spread through 180 pages and in-depth TOC on “Aerospace Composites Market by Type (Glass Fiber, Carbon Fiber, Ceramic Matrix, Aramid Fiber, Metal Matrix), Aircraft Parts (Fuselage, Wings, Empennage), & Application (Commercial, Military, Business, Helicopters) - Global Trends & Forecasts to 2019”
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Europe, North America, and Asia-Pacific dominated the aerospace composite market in 2013 and accounted for over 85% of the market, by volume and value. Country-wise, the U.S. is the top consumer of aerospace composite products globally. Companies, such as Hexcel Corporation and Cytec Industries are two of the biggest players in the country. France is the second-largest aerospace composite consumer in the world. The need for lightweight and fuel-efficient aircrafts has shifted the focus of manufacturers towards aerospace composites. Future growth in the international market hinges heavily onto developing economies, especially in Asia-Pacific.
Commercial aircrafts took the topmost position in the aerospace composite market with around 61.7% market share by value in 2013. The drive towards fuel-efficient and lightweight aircrafts is anticipated to drive the market for aerospace composites. The fastest growth rate till 2019 in the aerospace composite market is projected to come from applications, such as military aircraft and business and general aviation. The growing concern over security issues and the consequent defense spending is anticipated to propel the market. Glass fiber composites comprise approximately 89.6% of the total aerospace composite market in terms of volume.
The low-cost carriers have proved to be strong competitors to the luxury airliners, particularly in the developing economies of Asia and Latin America during the 2008-2009 economic downturns. The highest traffic growth in particular was in the short-haul (short route) around Southeast Asia, India and Australia. In India, low-cost carriers SpiceJet and IndiGo continue to grow as they replace the likes of Air India, Jet Airways and Kingfisher Airlines. Even major airlines like Jet and Kingfisher converted 70% of their domestic operations to the low-cost model in the past couple of years.
Asia-Pacific is projected to witness high growth rate during the forecast period (2014-2019). The aerospace composite market in Europe and North America is consolidated, whereas the market in Asia-Pacific has a fragmented structure. There are some tier-2 companies, such as Harbin Aircraft Industry Group (China) and Xi'an balance composite Co., Ltd.(China) that are competing with tier-1 companies, such as Toray Industries (Japan) and Teijin Ltd.(Japan). Due to the large number of mergers & acquisition taking place, rivalry in the aerospace industry is expected to reduce during the forecast period.
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Source: EmailWire.Com 
Source: EmailWire.com
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