Global CFC Market for Aerospace Industry is Anticipated to Reach $5,032.0 Million by 2023, BIS Research Report

Asia-Pacific is expected to be the fastest growing region in the continuous fiber composites (CFC) market. This is due to the increasing usage of CFC in aircraft for commercial and military purposes and presence of leading players, such as Toray Industries, Inc., and Mitsubishi Rayon Co. Ltd., in the region. Upcoming commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and the opening of assembly plants of Boeing and Airbus in China are the major factors driving the demand for continuous fiber composites in the Asia-Pacific region.

In 2017, Europe accounted for the largest share of CFC (by volume) which was 66.8 kilotons. The use of woven fabrics, non-crimp fabrics, and glass mat in the aerospace applications resulted in the high-volume consumption of CFC in the region. Additionally, the presence of leading aircraft manufacturers in the European CFC market is also expected to boost the demand for continuous fiber composites in the region. Increasing aircraft production rates of the A350XWB and A320 family including neo versions are likely to boost the demand for continuous fiber composites in the region.

According to a new market intelligence report by BIS Research, titled Global CFC Market for Aerospace Industry - Analysis and Forecast, 2018-2023, the global CFC market for the aerospace industry is expected to reach $5,032.0 million by 2023.

Some of the key players in the global CFC market for the aerospace industry include Hexcel Corporation, Toray Industries Inc., TenCate Advanced Composites, and Cytec Solvay Group, among others. Some of the key players of CFC from the consumer side are The Boeing Company, Airbus Group, Spirit AeroSystems, Safran SA, and Bombardier Inc., among others.

The key players operating in this market have ramped up their business expansion activities keeping in mind the requirements of the aerospace & defense industry over the last couple of years, in order to generate public awareness about their existing product and technologies. However, agreements, contracts, joint ventures, and partnerships have been the most widely adopted strategy by the players in this market. For instance, in October 2017, Hexcel acquired Structil, a French producer, and supplier of high-performance composites, to use Structil's product lines, such as prepregs in order to cater to aerospace, defense, and industrial markets.

Key questions answered in the report:

• What was the size, in terms of value ($million) and volume (kilotons) of the CFC market in 2017, and what will be the growth rate during the forecast period 2018-2023?
• What will be the market size of different fiber types of CFC (by value and volume) and their growth rate during the forecast period 2018-2023?
• What will be the market size of different fiber types by forms of CFC (by value and volume) and their growth rate during the forecast period 2018-2023?
• What will be the market size of different resin types of CFC (by value and volume) and their growth rate during the forecast period 2018-2023?
• What will be the market size of different aircraft types which use CFC (by value and volume) and their growth rate during the forecast period 2018-2023?
• What will be the market size of different technologies used in the CFC market for the aerospace industry (by value and volume) and their growth rate during the forecast period 2018-2023?
• What will be the market size of different applications in the aerospace industry in terms of usage of CFC (by value and volume) and their growth rate during the forecast period 2018-2023?
• What will be the market size of honeycomb core panels and other core panels market in the aerospace industry (by value and volume) and their growth rate during the forecast period 2018-2023?
• How will each of aircraft applications grow in the honeycomb core panels and other core panels in the aerospace industry (by value and volume) and what will be their growth rate during the forecast period 2018-2023?
• What will be the market size for different regions and countries in terms of value and volume in the CFC market for the aerospace industry and their growth across the forecast period 2018-2023?
• What are the major driving forces that tend to increase the demand of CFC market for the aerospace industry during the forecast period?
• What are the major challenges inhibiting the growth of the global CFC market for the aerospace industry?
• What is the competitive strength of key players in the global CFC market by analyzing through market share analysis?
• Who are the key market players (suppliers and customers) in the market, along with their detailed analysis and profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?

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Category: Industry Reports & Market Analysis Profile: BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market.BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market. With over 150 market research reports published annually ...