MRO Magazine

Research and Markets: Global Aerospace Composite Market 2015-2019


April 30, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/7k354w/global_aerospace) has announced the addition of the “Global Aerospace Composite Market 2015-2019” report to their offering.

The Global Aerospace Composite market to grow at a CAGR of 6.34% during the period 2014-2019.

Composites are a combination of two or more materials, with physical or chemical properties that are different from those of the individual components. Fiber reinforced polymers that are primarily used in the Aerospace industry comprise carbon fibers, glass fibers, and aramid fibers. Composites are used for structures and components that need to be lightweight while possessing superior strength. Composites have found a wide range of applications in commercial aircraft, rotorcraft, UAVs, and military aircraft. They are largely used in the fuselage of aircraft, tails, wings, aircraft interiors, aircraft seats, and jet engine components.

The market for commercial air transport has been growing rapidly. Jet engines utilized for such commercial aircraft account for a huge market value. More importance has been given to fuel efficiency, weight reduction and increased performance efficiency of jet engines. It has provided a growing market opportunity for composites in the aircraft jet engines segment.

According to the report, with the commercialization of 3D displays, the global 3D display market has been witnessing an increase in 3D video content worldwide. Although the market is still in its nascent stage, the penetration of 3D technology has been on the rise as 3D display panels are being used in mobile handsets, tablet PCs, and in billboards for advertisements.

Further, the report states that the increased concerns for aircraft MRO in hindering the growth for this market.

Key Vendors

  • Cytec Industries
  • GKN
  • Mitsubishi Rayon
  • Toho Tenax
  • Toray Industries

Other Prominent Vendors

  • Hartzell Aerospace
  • Hexcel
  • Hyosung
  • Kaman
  • SGL Group
  • Teijin Aramid
  • Teledyne CML Composites

For more information visit http://www.researchandmarkets.com/research/7k354w/global_aerospace

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Chemicals