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Global aerospace composites market: $9.6 billion industry forecast by 2013

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Global Aerospace Composites Market 2013-2023 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-14 12:37:02
The value of the global aerospace composites market in 2013 will reach $9.59bn. Demand for lighter and more efficient aircraft will ensure that there are considerable opportunities in aerospace for composite parts manufacturers over the next ten years. The use of composite materials in the aerospace industry is still going through a learning curve and further improvments will need to be made in the production process in particular for the market to reach its full potential.

The industry is forecast to record moderate growth rates over the next decade. The global expansion of air travel will ensure an increase in production rates for new aircraft and increasing demand placed on composite parts manufacturers over the next ten years. But further improvements will need to be made in the production process of high-value composite materials for the market to grow to its full potential.

The outlook for this market is positive given the service entry of new 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

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