The world market for aerospace composites market will reach $10.3 billion in 2014, largely driven by growing demand for lighter and more fuel efficient aircraft. The global market is forecast over the next decade in a new report now available on ASDReports. But further improvements will need to be made in the production process of high-value advanced composite materials for the market to grow to its full potential.The author of the Aerospace Composites Market Forecast 2014-2024: Opportunities in Commercial, Military & Business Aircraft & Civil Helicopters for CFRP, GFRP & AFRP report commented that,
“The outlook for aerospace composites is positive given the service entry of next generation aircraft with substantial percentages of composite materials. As fuel costs spiral, the demand for lightweight composites is being driven primarily by this increasing emphasis upon fuel efficiency. Also, it's clear to see that cost performance, in particular low-cost composites, will be demanded by the aerospace industry in order to achieve sustainable development of the industry”.
The 245 page report contains 182 tables, charts and graphs that explain developing trends within the aerospace composites market. The report provides forecasts for the period 2014-2024 in terms of value (US$) for the global aerospace composites market, as well as for 3 submarkets (carbon fibre, glass fibre, aramid fibre) and 4 segments (commercial, military, business jets, civil helicopters) of the global aerospace composites market. In addition, 10 leading national aerospace composites markets are forecast and analysed. over the period 2014-2024. Expert opinion is provided in the form of transcripts of exclusive interviews with leading market specialist Gurit and a European-based leading composites company. The report also provides profiles of 20 leading companies operating within the aerospace composites market.
Aerospace Composites Market Forecast 2014-2024: Opportunities in Commercial, Military & Business Aircraft & Civil Helicopters for CFRP, GFRP & AFRP will be of value to current and future potential investors into the aerospace composites industry, as well as companies and research centres who wish to broaden their knowledge of the aerospace composites market.
Source: ASDReports - Market Research
Date: Jul 25, 2014