Global Aerospace Composites Market

May 2020| VMR2064A| Verified Market Research

Report Highlights

Aerospace Composites Market Size And Forecast

According to Verified Market Research, the Global Aerospace Composites Market was valued at USD 28.03 Billion in 2018 and is projected to reach USD 57.75 Billion by 2026, growing at a CAGR of 9.41% from 2019 to 2026.

Global Aerospace Composites Market Outlook

The Aerospace Composites Market is witnessing significant growth owing to the rising use of composites in the military and commercial aircraft. Some other factors responsible for contributing to drive the market are increasing deployment of aircraft delivery, replacement of aging aircraft with new emerging, and development of fuel-efficient aircraft. Furthermore, the reduction in the cost price for manufacturing and assembling led to impose positive impact factor on the market growth. However, the unavailability of the standards in the manufacturing technology and concerns related to recyclability are factors restricting the market growth. 

Global Aerospace Composites Market Competitive Landscape 

The Global Aerospace Composites Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as. Materion Corporation, Royal Ten Cate, Hexcel Corporation, Owen Corning, Solvay, Teijin Limited, SGL Group, Mitsubishi Rayon Co. Ltd, Renegade Materials Corporation and Toray Industries.

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