Global CFC Market for Aerospace Industry

Global CFC Market for Aerospace Industry: Focus on Fiber Type, Resin Type, Process, Aircraft Type, Application, and Honeycomb Panels and Other Panels – Analysis and Forecast, 2018-2023

The global CFC market for the aerospace industry is expected to grow at a CAGR of 5.1% from 2018 to 2023.

SKU: MC019E
Published Year: 2018
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Continuous Fiber Composites (CFC) are segregated based on fiber type, namely glass fiber, carbon fiber, and others. Each of the fiber types are further segregated based on their form structure. Some of the composites are woven fabrics, non-crimp fabrics, unidirectional fiber tapes, and non-woven mats. These continuous fiber composites offer various unique properties such as resistance to corrosion, excessive heat, and extreme temperature, while having high electrical & thermal conductivities, low density, high ductility & strength, lighter weight increased fuel economy, reduction in CO2 emissions into the atmosphere, and longer service life thereby, reducing the cost of maintenance. The CFC market for aerospace industry is expected to grow at a CAGR of 5.1% and 6.9% between 2018 and 2023 in terms of value and volume, respectively.

The report is a compilation of the different segments of the global CFC market, including market breakdown by fiber type, form, resin type, aircraft type, process, application, and geographical areas. Herein the revenue generated from the fiber types(carbon fiber, glass fiber, and others),  form(woven fiber, non-crimp fabrics, non-woven mats, and unidirectional tapes), resin type(thermoset and thermoplastics), aircraft type(commercial and military), process( hand and spray layup, resin infusion process, compression molding, injection molding, continuous compression molding, automated fiber placement, automated tape laying, autoclave and others), application(primary structure, secondary structure, aircraft interior, and aircraft engine), and geographies(North America, Europe, Asia-Pacific, Middle East & Africa, and South America) are tracked to calculate the overall market size, both in terms of value ($million) and volume (kilotons). While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the global CFC market for aerospace industry. It also includes the key participants involved in the industry at the relevant sections.

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 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 aerospace industry and their growth across the forecast period, 2018 to 2023?
•    What are the major driving forces that tend to increase the demand for CFC market for the aerospace industry during the forecast period?
•    What are the major challenges inhibiting the growth of the global CFC market for 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 & profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?

The report further includes a thorough analysis of the impact of the Porter’s Five major Forces to understand the overall attractiveness of the industry. The most commonly used strategy for developing a better hold on the market has been through business expansions. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years.

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America. Each geography details the individual push and pull forces in addition to the key players from that region. This report is a meticulous compilation of research on more than 100 players in the CFC market and draws upon the insights from in-depth interviews with the key opinion leaders of more than 50 leading companies, market participants, and vendors. The report also profiles approximately 15 companies which includes, six raw material providers, and nine end users which are further segmented into tier 1s, tier 2s, and primes.

The raw material providers profiled in the report are Chomarat, Cytec Solvay Group, Gurit Holding AG, Hexcel Corporation, TenCate Advanced Composites, Toray Industries, Inc. The tier 1s users are GKN Plc., Safran SA, and Spirit AeroSystems. The tier 2s users are Honeywell International Inc., and prime end users are Airbus Group, Bombardier Inc., General Dynamics Corporation, Rolls-Royce Holding Plc., and The Boeing Company.

     Executive Summary
     1   Research Methodology and Scope
          1.1   Report Scope
          1.2   CFC Market Research Methodology
                  1.2.1   Assumptions and Limitation
                  1.2.2   Primary Research
                  1.2.3   Secondary Research
                  1.2.4   Data Triangulation
                  1.2.5   Data Analyzing and Market Estimation
 
     2   Market Dynamics
          2.1   Market Drivers
          2.2   Market Restraints
          2.3   Market Opportunities
 
     3   Industry Analysis
          3.1   Market Share Analysis (2017)
          3.2   Porter’s Fiver Forces Analysis
                  3.2.1   Threat of New Entrants
                  3.2.2   Bargaining Power of Buyers
                  3.2.3   Bargaining Power of Suppliers
                  3.2.4   Threat from Substitutes
                  3.2.5   Competitive Rivalry
          3.3   Opportunity Matrix (by Region)
          3.3   Opportunity Matrix (by Country)
          3.4   Composite Share in Aircraft
          3.5   Competitive Analysis Metals v/s Composites
          3.6   Supply Chain
          3.7   Key Strategies and Developments
                  3.7.1   Agreements, Joint Ventures, Collaborations, Contracts, and Partnerships
                  3.7.2   Business Expansions
                  3.7.3   New Product Launches
                  3.7.4   Mergers and Acquisitions
                  3.7.5   Others
          3.8   Research and Development (R&D) Analysis
 
     4   Global Continuous Fiber Composites for the Aerospace Market (by Fiber Type)(2017-2023), (by Value and by Volume)
          4.1   Glass Fiber
                  4.1.1   Woven  Fabrics
                  4.1.2   Non-Crimp Fabrics
                  4.1.3   Lightly Crimp Fabrics
                  4.1.4   Unidirectional Tapes
                  4.1.5   Non-Woven  Mats
          4.2   Carbon Fiber
                  4.2.1   Woven  Fabrics
                  4.2.2   Non-Crimp Fabrics
                  4.2.3   Unidirectional Tapes
                  4.2.4   Non-Woven  Mats
          4.3   Others
                  4.3.1   Woven  Fabrics
                  4.3.2   Non-Crimp Fabrics
                  4.3.3   Unidirectional Tapes
                  4.3.4   Non-Woven Mats
 
     5   Global Continuous Fiber Composites for the Aerospace Market (by Resin Type)(2017-2023), (by Value and by Volume)
          5.1   Thermoset
          5.2   Thermoplastic
 
     6   Global Continuous Fiber Composites for the Aerospace Market (by Aircraft Type)(2017-2023), (by Value and by Volume)
          6.1   Commercial Aircraft
                  6.1.1   Manned 
                  6.1.2   Unmanned
          6.2   Military Aircraft
                  6.2.1   Manned 
                  6.2.2   Unmanned
 
     7   Global Continuous Fiber Composites for the Aerospace Market (by Process)(2017-2023), (by Value and by Volume)
 
     8   Global Continuous Fiber Composites for the Aerospace Market (by Application)(2017-2023), (by Value and by Volume)
          8.1   Primary Structure
          8.2   Secondary Structure
          8.3   Aircraft Interior
          8.4   Aircraft Engine
 
     9   Honeycomb Core Panels and Other Core Panels Market in the Aerospace Industry
          9.1   Primary Structure
          9.2   Secondary Structure
          9.3   Interior
          9.4   Engines
 
   10   Global Continuous Fiber Composites for the Aerospace Market (by Region)(2017-2023), (by Value and by Volume)
          10.1   North America
                    10.1.1   The U.S.
                    10.1.2   Canada
                    10.1.3   Mexico
          10.2   Europe
                    10.2.1   Germany
                    10.2.2   France
                    10.2.3   The U.K.
                    10.2.4   Italy
                    10.2.5   Spain
                    10.2.6   The Netherlands
                    10.2.7   Rest of Europe
          10.3   Asia-Pacific
                    10.3.1   China
                    10.3.2   Japan
                    10.3.3   South Korea
                    10.3.4   India
                    10.3.5   Rest of Asia-Pacific
          10.4   South America
                    10.4.1   Brazil
                    10.4.2   Rest of South America
          10.5   Middle East and Africa
                    10.5.1   Saudi Arabia
                    10.5.2   UAE
                    10.5.3   Rest of Middle East and Africa
 
    11   Company Profiles
           11.1   Raw Material Providers
                     11.1.1   Chomarat
                     11.1.2   Cytec Solvay Group
                     11.1.3   Gurit Holding AG
                     11.1.4   Hexcel Corporation
                     11.1.5   TenCate Advanced Composites B.V.
                     11.1.6   Toray Industries, Inc.
           11.2   Tier 1s
                     11.2.1   GKN Plc.
                     11.2.2   Safran SA
                     11.2.3   Spirit AeroSystems
           11.3   Tier 2s
                     11.3.1   Honeywell International Inc.
           11.4   Primes
                     11.4.1   Airbus Group SE
                     11.4.2   Bombardier Inc.
                     11.4.3   General Dynamics Corporation
                     11.4.4   Rolls-Royce Holding Plc.
                     11.4.5   The Boeing Company
 
List of Tables
 
1    Comparison of Composites with Other Lightweight Materials
2    Analyzing Threat of New Entrants: Low to Moderate 
3    Analyzing Bargaining Power of Buyers: Moderate to High
4    Analyzing Bargaining Power of Suppliers: Low to Moderate
5    Analyzing Threat from Substitutes: Moderate
6    Analyzing Competitive Rivalry: Moderate to High 
7    Agreements, Joint Ventures, Collaborations, Contracts, and Partnerships
8    Business Expansions
9    Product Launches
10    Mergers and Acquisitions
11    Other Developments
12    CFC Market Size (by Fiber Type), Kilotons, 2016 – 2023
13    CFC Market Size (by Fiber Type), $Million, 2016 – 2023
14    CFC Market Size, Glass Fiber (by Form), Kilotons, 2016 – 2023
15    CFC Market Size, Glass Fiber (by Form), $Million, 2016 – 2023
16    CFC Market Size, Carbon Fiber (by Form), Kilotons, 2016 – 2023
17    CFC Market Size, Carbon Fiber (by Form), $Million, 2016 – 2023
18    CFC Market Size, Other Fiber (by Form), Kilotons, 2016 – 2023
19    CFC Market Size, Other Fiber (by Form), $Million, 2016 – 2023
20    CFC Market Size (by Resin), Kilotons, 2016 – 2023
21    CFC Market Size (by Resin), $Million, 2016 – 2023
22    CFC Market Size (by Thermoset Resin), Kilotons, 2016 – 2023
23    CFC Market Size (by Thermoset Resin), $Million, 2016 – 2023
24    CFC Market Size (by Thermoplastic Resin), Kilotons, 2016 – 2023
25    CFC Market Size (by Thermoplastic Resin), $Million, 2016 – 2023
26    CFC Market Size (by Aircraft Type), Kilotons, 2016 – 2023
27    CFC Market Size (by Aircraft Type), $Million, 2016 – 2023
28    CFC Market Size (by Commercial Aircraft), Kilotons, 2016 – 2023
29    CFC Market Size (by Commercial Aircraft), $Million, 2016 – 2023
30    CFC Market Size (by Commercial Manned Aircraft), Kilotons, 2016 – 2023
31    CFC Market Size (by Commercial Manned Aircraft), $Million, 2016 – 2023
32    CFC Market Size (by Commercial Unmanned Aircraft), Kilotons, 2016–2023
33    CFC Market Size (by Commercial Unmanned Aircraft), $Million, 2016 – 2023
34    CFC Market Size (by Military Aircraft), Kilotons, 2016 – 2023
35    CFC Market Size (by Military Aircraft), $Million, 2016 – 2023
36    CFC Market Size (by Military Manned Aircraft), Kilotons, 2016 – 2023
37    CFC Market Size (by Military Manned Aircraft), $Million, 2016 – 2023
38    CFC Market Size (by Military Unmanned Aircraft), Kilotons, 2016 – 2023
39    CFC Market Size (by Military Unmanned Aircraft), $Million, 2016 – 2023
40    CFC Market Size (by Process), Kilotons, 2016 – 2023
41    CFC Market Size (by Process) $Million, 2016 – 2023
42    CFC Market Size (by Application), Kilotons, 2016 – 2023
43    CFC Market Size (by Application), $Million, 2016 – 2023
44    Continuous Fiber Composites Market Size (by Form), Kilotons, 2016 - 2023
45    Continuous Fiber Composites Market Size (by Form), $Million, 2016 - 2023
46    CFC Consumption in Sandwich Panels (by Core Type), Kilotons
47    CFC Consumption in Sandwich Panels (by Core Type), $Million
48    Honeycomb Panels Market Size (by Application), Kilotons, 2016 - 2023
49    Sandwich Panel Market Size (by Application), $Million, 2016 - 2023
50    CFC Market Size (by Region), Kilotons, 2016 – 2023
51    CFC Market Size (by Region), $Million, 2016 – 2023
52    CFC Market Size (by North America), Kilotons, 2016 – 2023
53    CFC Market Size (by North America), $Million, 2016 – 2023
54    CFC Market Size (by Europe), Kilotons, 2016 – 2023
55    CFC Market Size (by Europe), $Million, 2016 – 2023
56    CFC Market Size (by Asia-Pacific), Kilotons, 2016 – 2023
57    CFC Market Size (by Asia-Pacific), $Million, 2016 – 2023
58    CFC Market Size (by South America), Kilotons, 2016 – 2023
59    CFC Market Size (by South America), $Million, 2016 – 2023
60    CFC Market Size (by Middle East & Africa), Kilotons, 2016 – 2023
61    CFC Market Size (by Middle East & Africa), $Million, 2016 – 2023
 
List of Figures
 
1    Global Continuous Fiber Composites Market for Aerospace Industry, 2017, 2018, and 2023
2    Composite Share in Commercial Aircrafts
3    Composite Share in Aircrafts
4    Regional Analysis-CFC Market for Aerospace Industry
5    CFC Market for Aerospace Industry (by Region), 2017 & 2023
6    Top – Down and Bottom - Up Approach
7    Toray Industries Contribution to CO2 Reduction 
8    GDP, India ($Billion)
9    GDP, China ($Billion)
10    Market Share Analysis of Key Players in the Global Continuous Fiber Composites Market, 2017
11    Porter’s Five Forces Analysis of Global Continuous Fiber Composites Market
12    Supply Chain Analysis of Continuous Fiber Composites Market
13    Share of Key Market Strategies and Developments
14    Total Number of Strategies and Developments
15    Research and Development (R&D) Analysis
16     Woven Glass Fiber Fabrics Market, $Million
17     Woven Glass Fiber Fabrics Market, Kilotons
18     Non-Crimp Glass Fiber Market, $Million
19     Non-Crimp Glass Fiber Market, Kilotons
20    Lightly Crimp Glass Fiber Tapes Market, $Million
21    Lightly Crimp Glass Fiber Tapes Market, Kilotons
22    Unidirectional Glass Fiber Tapes Market, $Million
23    Unidirectional Glass Fiber Tapes Market, Kilotons
24     Non-Woven Glass Fiber Mats Market, $Million
25     Non-Woven Glass Fiber Mats CFC Market, Kilotons
26     Woven Carbon Fiber Market, $Million
27     Woven Carbon Fiber CFC Market, Kilotons
28     Non-Crimp Carbon Fiber Market, $Million
29     Non-Crimp Carbon Fiber Market, Kilotons
30    Unidirectional Carbon Fiber Tapes Market, $Million
31    Unidirectional Carbon Fiber Tapes Market, Kilotons
32     Non-Woven Carbon Fiber Mats Market, $Million
33      Non-Woven Carbon Fiber Mats Market, Kilotons
34     Woven Fabrics Market, $Million
35     Woven Fabrics Market, Kilotons
36     Non-Crimp Fabrics Market, $Million
37     Non-Crimp Fabrics Market, Kilotons
38    Unidirectional Fiber Tapes CFC Market, $Million
39    Unidirectional Fiber Tapes CFC Market, Kilotons
40     Non-Woven Mats Market, $Million
41      Non-Woven Mats Market, Kilotons
42    Continuous Fiber Composite Market (by Process)
43     Primary Structure CFC Market, $Million
44     Primary Structure CFC Market, Kilotons
45    Secondary Structure CFC Market, $Million
46     Aircraft Interior CFC Market, $Million
47     Aircraft Interior CFC Market, Kilotons
48     Aircraft Engine CFC Market, $Million
49     Aircraft Engine CFC Market, Kilotons
50    Foam Core Structure
51    Honeycomb Core Structure
52    Honeycomb Panels (by Application)
53    The U.S. CFC Market, $Million
54    The U.S. CFC Market, Kilotons
55    Canada CFC Market, $Million
56    Canada CFC Market, Kilotons
57    Mexico CFC Market, $Million
58    Mexico CFC Market, Kilotons
59    Germany CFC Market, $Million
60    Germany CFC Market, Kilotons
61    France CFC Market, $Million
62    France CFC Market, Kilotons
63    The U.K. CFC Market, $Million
64    The U.K. CFC Market, Kilotons
65    Italy CFC Market, $Million
66    Italy CFC Market, Kilotons
67    Spain CFC Market, $Million
68    Spain CFC Market, Kilotons
69    The Netherlands CFC Market, $Million
70    The Netherlands CFC Market, Kilotons
71    Rest-of-Europe CFC Market, $Million
72    Rest-of-Europe CFC Market, Kilotons
73    China CFC Market, $Million
74    China CFC Market, Kilotons
75    Japan CFC Market, $Million
76    Japan CFC Market, Kilotons
77     South Korea CFC Market, $Million
78    South Korea CFC Market, Kilotons
79     India CFC Market, $Million
80    India CFC Market, Kilotons
81    Rest-of-Asia-Pacific CFC Market, $Million
82    Rest-of-Asia-Pacific CFC Market, Kilotons
83     Brazil CFC Market, $Million
84     Brazil CFC Market, Kilotons
85     Rest-of-South America CFC Market, $Million
86     Rest-of-South America CFC Market, Kilotons
87     Saudi Arabia CFC Market, $Million
88     Saudi Arabia CFC Market, Kilotons
89     UAE CFC Market, $Million
90     UAE CFC Market, Kilotons
91     Rest-of-MEA CFC Market, $Million
92     Rest-of-MEA CFC Market, Kilotons
93    Chomarat: Geographic Presence
94    Chomarat: Product Portfolio
95    Chomarat: SWOT Analysis
96    Cytec Solvay Group: Overall Financials: 2015 – 2017
97    Cytec Solvay Group: Geographical Revenue Mix, 2017
98    Cytec Solvay Group: Business Operations Revenue Mix, 2017
99    Cytec Solvay Group: Geographical Presence (2017)
100    Cytec Solvay Group: Product Portfolio
101    Cytec Solvay Group: SWOT Analysis
102    Gurit Holding AG: Overall Financials: 2015-2017
103    Gurit Holding AG: Geographical Revenue Mix, 2017
104    Gurit Holding AG: Business Operations Revenue Mix, 2017
105    Gurit Holding AG: Geographical Presence (2017)
106    Gurit Holding AG: Product Portfolio
107    Gurit Holding AG: SWOT Analysis
108    Hexcel Corporation: Overall Financials, 2015 - 2017
109    Hexcel Corporation: Geographical Revenue Mix, 2017
110    Hexcel Corporation: Business Operations Revenue Mix, 2017
111    Hexcel Corporation: End User Revenue Mix, 2017
112    Hexcel Corporation: Geographical Presence (2017)
113    Hexcel Corporation: Product Portfolio
114    Hexcel Corporation: SWOT Analysis
115    TenCate Advanced Composites BV: Geographic Presence
116    TenCate Advanced Composites BV: Product Portfolio
117    TenCate Advanced Composites BV: SWOT Analysis
118    Toray Industries, Inc.: Overall Financials: 2015 - 2017
119    Toray Industries, Inc.: Geographical Revenue Mix, 2017
120    Toray Industries, Inc.: Business Operations Revenue Mix, 2017
121    Toray Industries, Inc.: Geographical Presence
122    Toray Industries, Inc.: Product Portfolio
123    Toray Industries, Inc.: Global R&D Network
124    Toray Industries, Inc.: SWOT Analysis
125    GKN PLC.: Sourcing of Continuous Fiber Composites
126    GKN PLC.: Overall Financials: 2015-2017
127    GKN PLC.: Applications of Continuous Fiber Composites
128    GKN PLC.: SWOT Analysis
129    Safran SA: Sourcing of Continuous Fiber Composites
130    Safran SA: Overall Financials: 2015-2017
131    Safran SA: SWOT Analysis
132    Spirit AeroSystems: Sourcing of Continuous Fiber Composites
133    Spirit AeroSystems: Overall Financials: 2015-2017
134    Spirit AeroSystems: Applications of Continuous Fiber Composites
135    Spirit AeroSystems: SWOT Analysis
136    Honeywell International Inc.: Overall Financials:2015 - 2018
137    Honeywell International Inc.: SWOT Analysis
138    Airbus Group SE: Sourcing of Continuous Fiber Composites
139    Airbus Group SE: Overall Financials:2015 - 2018
140    Airbus Group SE: Material Usage Per Aircraft
141    Airbus Group SE: Material Mix by Aircraft Model (Percentage)
142    Airbus Group SE: SWOT Analysis
143    Bombardier Inc.: Sourcing of Continuous Fiber Composites
144    Bombardier Inc.: Overall Financials:2015 - 2018
145    Bombardier Inc.: Application of Continuous Fiber Composites
146    Bombardier Inc.: SWOT Analysis
147    General Dynamics Corporation: Overall Financials: 2015 - 2017
148    General Dynamics Corporation: Application of Continuous Fiber Composites
149    General Dynamics Corporation: SWOT Analysis
150    Rolls-Royce Holding Plc.: Sourcing of Continuous Fiber Composites
151    Rolls-Royce Holding Plc.: Overall Financials: 2015 - 2017
152    Rolls-Royce Holding Plc.: Application of Continuous Fiber Composites
153    Rolls-Royce Holding Plc.: SWOT Analysis
154    The Boeing Company: Sourcing of Continuous Fiber Composites
155    The Boeing Company: Overall Financials: 2015 - 2017
156    The Boeing Company: Material Usage Per Aircraft
157    The Boeing Company: Material Mix by Aircraft Model (Percentage)
158    The Boeing Company: SWOT Analysis

Materials have always been an intricate part of any industry, such as construction, marine, and transportation, among others, for more than 100 years. The basic materials used in automotive industry, aerospace & defense industry, wind power industry, and construction industry during the industrial revolution place from the 18th century to 19th century included wood, cast iron, stone, copper, and brick. However, owing to the properties such as low resistance to corrosion, high resistance to heat & extreme temperatures, weak weatherability, and significant maintenance costs, these materials are not preferred which subsequently led to the demand of lightweight materials. The lightweight materials have developed significantly over the past decade, and much has been attributed to the extensive technological advancement in this field. These materials are widely adopted in the developed regions, such as North America and Europe, and are also gaining popularity in the regions such as the Asia-Pacific, Middle East & Africa, and South America.

The rapidly growing Continuous Fiber Composites(CFC) market is being driven by a number of potential applications found in the end use industries such as automotive, aerospace & defense, wind energy, construction, sporting goods, and electrical & electronics, among others. Continuous fiber composites are fiber-reinforced polymer composites in which the fiber length is of magnitude larger than the width or the thickness of the composite part. Continuous fiber composites can be thermosetting or thermoplastic depending on the type of resin used. These composites are light in weight and possess the same strength as that of steel. Additionally, they have high fatigue resistance, stiffness retention under repeated loading, and resistance to creep.

Continuous Fiber Composites (CFC) are segregated based on fiber type, namely glass fiber, carbon fiber, and others. Each of the fiber types is further segregated based on their form structure. Composites can be woven fabrics, non-crimp fabrics, unidirectional fiber tapes, and non-woven mats based on their form structure. They offer various unique properties, such as resistance to corrosion, excessive heat, and extreme temperature, while having high electrical and thermal conductivities, low density, high ductility & strength, lighter weight, increased fuel economy, reduction in CO2 emissions into the atmosphere, and longer service life thereby, reducing the cost of maintenance.

The never-ending need for the aerospace industry to enhance the performance of commercial and military aircraft is constantly driving the development of improved high-performance structural materials. Composite materials are one such class of materials that play a significant role in current and future aerospace components. Composite materials are particularly attractive to aviation and aerospace applications because of their exceptional strength, stiffness-to-density ratios, and superior physical properties.

The composite materials widely used in the aerospace industry are carbon- and glass-fiber-reinforced plastic (CFRP and GFRP, respectively) which consist of carbon and glass fibers, both of which are stiff and strong in terms of their density.

FIGURE 1
Global CFC Market for Aerospace Industry Snapshot

Global CFC Market for Aerospace Industry Snapshot

Source: Expert Interviews, Secondary Research, and BIS Research Analysis

The global CFC market for the aerospace industry is expected to grow at a CAGR of 5.1% from 2018 to 2023.

The Use of Composites in Aircraft Design

Initially, composites were used only in secondary structure, but through technological innovation and development of improved materials, their use in primary structures, such as wings and fuselages, has increased. CFC is widely used in the commercial and military aircraft. The use of composite materials in commercial transport aircraft is attractive, owing to the reduced airframe weight which enables better fuel economy and thereby, lowering the operating costs. In 1983, the first significant use of composite material in a commercial aircraft was by Airbus in the rudder of the A300 and A310, and then in 1985 in the vertical tail fin. Later, a honeycomb core with CFRP faceplates was used for the elevator of the A310. Thereafter, composite materials were used for the entire tail structure of the A320, which also featured composite fuselage belly skins, fin/fuselage fairings, fixed leading & trailing-edge bottom access panels and deflectors, trailing-edge flaps & flap-track fairings, spoilers, ailerons, wheel doors, main gear leg fairing doors, and nacelles. Currently, composite materials constitute almost 50% of the Boeing 787, with an average weight savings of 20%.

The excellent strength-to-weight ratio of composites is used in helicopters to maximize payloads and their performance. Boeing Vertol used composites for rotorcraft fairings in the 1950s and made the first composite rotor blades in the 1970s. Composites are used in major structural elements of many modern helicopters, including the V22 tilt-rotor aircraft, which is approximately 50 percent composites by weight. The formability of composites has been used in helicopters so as to reduce the numbers of component parts and therefore cost.

Composites are also extensively used in the military aircraft in the recent years. For instance, composites are widely used in the wing skins, forward fuselage, flaperons, and rudder of military aircraft named, Eurofighter. Toughened epoxy skins constitute about 75 percent of the exterior area. In total, about 40 percent of the structural weight of the Eurofighter is carbon-fiber-reinforced composite material.

Regional Analysis

Europe consumed the largest share of CFC by volume, which was 66.8 kilotons in 2017. 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 expected to increase the demand of CFC 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.

Asia-Pacific is expected to be the fastest growing region in the 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 region.

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Continuous Fiber Composites (CFC) are segregated based on fiber type, namely glass fiber, carbon fiber, and others. Each of the fiber types are further segregated based on their form structure. Some of the composites are woven fabrics, non-crimp fabrics, unidirectional fiber tapes, and non-woven mats. These continuous fiber composites offer various unique properties such as resistance to corrosion, excessive heat, and extreme temperature, while having high electrical & thermal conductivities, low density, high ductility & strength, lighter weight increased fuel economy, reduction in CO2 emissions into the atmosphere, and longer service life thereby, reducing the cost of maintenance. The CFC market for aerospace industry is expected to grow at a CAGR of 5.1% and 6.9% between 2018 and 2023 in terms of value and volume, respectively.

The report is a compilation of the different segments of the global CFC market, including market breakdown by fiber type, form, resin type, aircraft type, process, application, and geographical areas. Herein the revenue generated from the fiber types(carbon fiber, glass fiber, and others),  form(woven fiber, non-crimp fabrics, non-woven mats, and unidirectional tapes), resin type(thermoset and thermoplastics), aircraft type(commercial and military), process( hand and spray layup, resin infusion process, compression molding, injection molding, continuous compression molding, automated fiber placement, automated tape laying, autoclave and others), application(primary structure, secondary structure, aircraft interior, and aircraft engine), and geographies(North America, Europe, Asia-Pacific, Middle East & Africa, and South America) are tracked to calculate the overall market size, both in terms of value ($million) and volume (kilotons). While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the global CFC market for aerospace industry. It also includes the key participants involved in the industry at the relevant sections.

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 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 aerospace industry and their growth across the forecast period, 2018 to 2023?
•    What are the major driving forces that tend to increase the demand for CFC market for the aerospace industry during the forecast period?
•    What are the major challenges inhibiting the growth of the global CFC market for 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 & profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?

The report further includes a thorough analysis of the impact of the Porter’s Five major Forces to understand the overall attractiveness of the industry. The most commonly used strategy for developing a better hold on the market has been through business expansions. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years.

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America. Each geography details the individual push and pull forces in addition to the key players from that region. This report is a meticulous compilation of research on more than 100 players in the CFC market and draws upon the insights from in-depth interviews with the key opinion leaders of more than 50 leading companies, market participants, and vendors. The report also profiles approximately 15 companies which includes, six raw material providers, and nine end users which are further segmented into tier 1s, tier 2s, and primes.

The raw material providers profiled in the report are Chomarat, Cytec Solvay Group, Gurit Holding AG, Hexcel Corporation, TenCate Advanced Composites, Toray Industries, Inc. The tier 1s users are GKN Plc., Safran SA, and Spirit AeroSystems. The tier 2s users are Honeywell International Inc., and prime end users are Airbus Group, Bombardier Inc., General Dynamics Corporation, Rolls-Royce Holding Plc., and The Boeing Company.

     Executive Summary
     1   Research Methodology and Scope
          1.1   Report Scope
          1.2   CFC Market Research Methodology
                  1.2.1   Assumptions and Limitation
                  1.2.2   Primary Research
                  1.2.3   Secondary Research
                  1.2.4   Data Triangulation
                  1.2.5   Data Analyzing and Market Estimation
 
     2   Market Dynamics
          2.1   Market Drivers
          2.2   Market Restraints
          2.3   Market Opportunities
 
     3   Industry Analysis
          3.1   Market Share Analysis (2017)
          3.2   Porter’s Fiver Forces Analysis
                  3.2.1   Threat of New Entrants
                  3.2.2   Bargaining Power of Buyers
                  3.2.3   Bargaining Power of Suppliers
                  3.2.4   Threat from Substitutes
                  3.2.5   Competitive Rivalry
          3.3   Opportunity Matrix (by Region)
          3.3   Opportunity Matrix (by Country)
          3.4   Composite Share in Aircraft
          3.5   Competitive Analysis Metals v/s Composites
          3.6   Supply Chain
          3.7   Key Strategies and Developments
                  3.7.1   Agreements, Joint Ventures, Collaborations, Contracts, and Partnerships
                  3.7.2   Business Expansions
                  3.7.3   New Product Launches
                  3.7.4   Mergers and Acquisitions
                  3.7.5   Others
          3.8   Research and Development (R&D) Analysis
 
     4   Global Continuous Fiber Composites for the Aerospace Market (by Fiber Type)(2017-2023), (by Value and by Volume)
          4.1   Glass Fiber
                  4.1.1   Woven  Fabrics
                  4.1.2   Non-Crimp Fabrics
                  4.1.3   Lightly Crimp Fabrics
                  4.1.4   Unidirectional Tapes
                  4.1.5   Non-Woven  Mats
          4.2   Carbon Fiber
                  4.2.1   Woven  Fabrics
                  4.2.2   Non-Crimp Fabrics
                  4.2.3   Unidirectional Tapes
                  4.2.4   Non-Woven  Mats
          4.3   Others
                  4.3.1   Woven  Fabrics
                  4.3.2   Non-Crimp Fabrics
                  4.3.3   Unidirectional Tapes
                  4.3.4   Non-Woven Mats
 
     5   Global Continuous Fiber Composites for the Aerospace Market (by Resin Type)(2017-2023), (by Value and by Volume)
          5.1   Thermoset
          5.2   Thermoplastic
 
     6   Global Continuous Fiber Composites for the Aerospace Market (by Aircraft Type)(2017-2023), (by Value and by Volume)
          6.1   Commercial Aircraft
                  6.1.1   Manned 
                  6.1.2   Unmanned
          6.2   Military Aircraft
                  6.2.1   Manned 
                  6.2.2   Unmanned
 
     7   Global Continuous Fiber Composites for the Aerospace Market (by Process)(2017-2023), (by Value and by Volume)
 
     8   Global Continuous Fiber Composites for the Aerospace Market (by Application)(2017-2023), (by Value and by Volume)
          8.1   Primary Structure
          8.2   Secondary Structure
          8.3   Aircraft Interior
          8.4   Aircraft Engine
 
     9   Honeycomb Core Panels and Other Core Panels Market in the Aerospace Industry
          9.1   Primary Structure
          9.2   Secondary Structure
          9.3   Interior
          9.4   Engines
 
   10   Global Continuous Fiber Composites for the Aerospace Market (by Region)(2017-2023), (by Value and by Volume)
          10.1   North America
                    10.1.1   The U.S.
                    10.1.2   Canada
                    10.1.3   Mexico
          10.2   Europe
                    10.2.1   Germany
                    10.2.2   France
                    10.2.3   The U.K.
                    10.2.4   Italy
                    10.2.5   Spain
                    10.2.6   The Netherlands
                    10.2.7   Rest of Europe
          10.3   Asia-Pacific
                    10.3.1   China
                    10.3.2   Japan
                    10.3.3   South Korea
                    10.3.4   India
                    10.3.5   Rest of Asia-Pacific
          10.4   South America
                    10.4.1   Brazil
                    10.4.2   Rest of South America
          10.5   Middle East and Africa
                    10.5.1   Saudi Arabia
                    10.5.2   UAE
                    10.5.3   Rest of Middle East and Africa
 
    11   Company Profiles
           11.1   Raw Material Providers
                     11.1.1   Chomarat
                     11.1.2   Cytec Solvay Group
                     11.1.3   Gurit Holding AG
                     11.1.4   Hexcel Corporation
                     11.1.5   TenCate Advanced Composites B.V.
                     11.1.6   Toray Industries, Inc.
           11.2   Tier 1s
                     11.2.1   GKN Plc.
                     11.2.2   Safran SA
                     11.2.3   Spirit AeroSystems
           11.3   Tier 2s
                     11.3.1   Honeywell International Inc.
           11.4   Primes
                     11.4.1   Airbus Group SE
                     11.4.2   Bombardier Inc.
                     11.4.3   General Dynamics Corporation
                     11.4.4   Rolls-Royce Holding Plc.
                     11.4.5   The Boeing Company
 
List of Tables
 
1    Comparison of Composites with Other Lightweight Materials
2    Analyzing Threat of New Entrants: Low to Moderate 
3    Analyzing Bargaining Power of Buyers: Moderate to High
4    Analyzing Bargaining Power of Suppliers: Low to Moderate
5    Analyzing Threat from Substitutes: Moderate
6    Analyzing Competitive Rivalry: Moderate to High 
7    Agreements, Joint Ventures, Collaborations, Contracts, and Partnerships
8    Business Expansions
9    Product Launches
10    Mergers and Acquisitions
11    Other Developments
12    CFC Market Size (by Fiber Type), Kilotons, 2016 – 2023
13    CFC Market Size (by Fiber Type), $Million, 2016 – 2023
14    CFC Market Size, Glass Fiber (by Form), Kilotons, 2016 – 2023
15    CFC Market Size, Glass Fiber (by Form), $Million, 2016 – 2023
16    CFC Market Size, Carbon Fiber (by Form), Kilotons, 2016 – 2023
17    CFC Market Size, Carbon Fiber (by Form), $Million, 2016 – 2023
18    CFC Market Size, Other Fiber (by Form), Kilotons, 2016 – 2023
19    CFC Market Size, Other Fiber (by Form), $Million, 2016 – 2023
20    CFC Market Size (by Resin), Kilotons, 2016 – 2023
21    CFC Market Size (by Resin), $Million, 2016 – 2023
22    CFC Market Size (by Thermoset Resin), Kilotons, 2016 – 2023
23    CFC Market Size (by Thermoset Resin), $Million, 2016 – 2023
24    CFC Market Size (by Thermoplastic Resin), Kilotons, 2016 – 2023
25    CFC Market Size (by Thermoplastic Resin), $Million, 2016 – 2023
26    CFC Market Size (by Aircraft Type), Kilotons, 2016 – 2023
27    CFC Market Size (by Aircraft Type), $Million, 2016 – 2023
28    CFC Market Size (by Commercial Aircraft), Kilotons, 2016 – 2023
29    CFC Market Size (by Commercial Aircraft), $Million, 2016 – 2023
30    CFC Market Size (by Commercial Manned Aircraft), Kilotons, 2016 – 2023
31    CFC Market Size (by Commercial Manned Aircraft), $Million, 2016 – 2023
32    CFC Market Size (by Commercial Unmanned Aircraft), Kilotons, 2016–2023
33    CFC Market Size (by Commercial Unmanned Aircraft), $Million, 2016 – 2023
34    CFC Market Size (by Military Aircraft), Kilotons, 2016 – 2023
35    CFC Market Size (by Military Aircraft), $Million, 2016 – 2023
36    CFC Market Size (by Military Manned Aircraft), Kilotons, 2016 – 2023
37    CFC Market Size (by Military Manned Aircraft), $Million, 2016 – 2023
38    CFC Market Size (by Military Unmanned Aircraft), Kilotons, 2016 – 2023
39    CFC Market Size (by Military Unmanned Aircraft), $Million, 2016 – 2023
40    CFC Market Size (by Process), Kilotons, 2016 – 2023
41    CFC Market Size (by Process) $Million, 2016 – 2023
42    CFC Market Size (by Application), Kilotons, 2016 – 2023
43    CFC Market Size (by Application), $Million, 2016 – 2023
44    Continuous Fiber Composites Market Size (by Form), Kilotons, 2016 - 2023
45    Continuous Fiber Composites Market Size (by Form), $Million, 2016 - 2023
46    CFC Consumption in Sandwich Panels (by Core Type), Kilotons
47    CFC Consumption in Sandwich Panels (by Core Type), $Million
48    Honeycomb Panels Market Size (by Application), Kilotons, 2016 - 2023
49    Sandwich Panel Market Size (by Application), $Million, 2016 - 2023
50    CFC Market Size (by Region), Kilotons, 2016 – 2023
51    CFC Market Size (by Region), $Million, 2016 – 2023
52    CFC Market Size (by North America), Kilotons, 2016 – 2023
53    CFC Market Size (by North America), $Million, 2016 – 2023
54    CFC Market Size (by Europe), Kilotons, 2016 – 2023
55    CFC Market Size (by Europe), $Million, 2016 – 2023
56    CFC Market Size (by Asia-Pacific), Kilotons, 2016 – 2023
57    CFC Market Size (by Asia-Pacific), $Million, 2016 – 2023
58    CFC Market Size (by South America), Kilotons, 2016 – 2023
59    CFC Market Size (by South America), $Million, 2016 – 2023
60    CFC Market Size (by Middle East & Africa), Kilotons, 2016 – 2023
61    CFC Market Size (by Middle East & Africa), $Million, 2016 – 2023
 
List of Figures
 
1    Global Continuous Fiber Composites Market for Aerospace Industry, 2017, 2018, and 2023
2    Composite Share in Commercial Aircrafts
3    Composite Share in Aircrafts
4    Regional Analysis-CFC Market for Aerospace Industry
5    CFC Market for Aerospace Industry (by Region), 2017 & 2023
6    Top – Down and Bottom - Up Approach
7    Toray Industries Contribution to CO2 Reduction 
8    GDP, India ($Billion)
9    GDP, China ($Billion)
10    Market Share Analysis of Key Players in the Global Continuous Fiber Composites Market, 2017
11    Porter’s Five Forces Analysis of Global Continuous Fiber Composites Market
12    Supply Chain Analysis of Continuous Fiber Composites Market
13    Share of Key Market Strategies and Developments
14    Total Number of Strategies and Developments
15    Research and Development (R&D) Analysis
16     Woven Glass Fiber Fabrics Market, $Million
17     Woven Glass Fiber Fabrics Market, Kilotons
18     Non-Crimp Glass Fiber Market, $Million
19     Non-Crimp Glass Fiber Market, Kilotons
20    Lightly Crimp Glass Fiber Tapes Market, $Million
21    Lightly Crimp Glass Fiber Tapes Market, Kilotons
22    Unidirectional Glass Fiber Tapes Market, $Million
23    Unidirectional Glass Fiber Tapes Market, Kilotons
24     Non-Woven Glass Fiber Mats Market, $Million
25     Non-Woven Glass Fiber Mats CFC Market, Kilotons
26     Woven Carbon Fiber Market, $Million
27     Woven Carbon Fiber CFC Market, Kilotons
28     Non-Crimp Carbon Fiber Market, $Million
29     Non-Crimp Carbon Fiber Market, Kilotons
30    Unidirectional Carbon Fiber Tapes Market, $Million
31    Unidirectional Carbon Fiber Tapes Market, Kilotons
32     Non-Woven Carbon Fiber Mats Market, $Million
33      Non-Woven Carbon Fiber Mats Market, Kilotons
34     Woven Fabrics Market, $Million
35     Woven Fabrics Market, Kilotons
36     Non-Crimp Fabrics Market, $Million
37     Non-Crimp Fabrics Market, Kilotons
38    Unidirectional Fiber Tapes CFC Market, $Million
39    Unidirectional Fiber Tapes CFC Market, Kilotons
40     Non-Woven Mats Market, $Million
41      Non-Woven Mats Market, Kilotons
42    Continuous Fiber Composite Market (by Process)
43     Primary Structure CFC Market, $Million
44     Primary Structure CFC Market, Kilotons
45    Secondary Structure CFC Market, $Million
46     Aircraft Interior CFC Market, $Million
47     Aircraft Interior CFC Market, Kilotons
48     Aircraft Engine CFC Market, $Million
49     Aircraft Engine CFC Market, Kilotons
50    Foam Core Structure
51    Honeycomb Core Structure
52    Honeycomb Panels (by Application)
53    The U.S. CFC Market, $Million
54    The U.S. CFC Market, Kilotons
55    Canada CFC Market, $Million
56    Canada CFC Market, Kilotons
57    Mexico CFC Market, $Million
58    Mexico CFC Market, Kilotons
59    Germany CFC Market, $Million
60    Germany CFC Market, Kilotons
61    France CFC Market, $Million
62    France CFC Market, Kilotons
63    The U.K. CFC Market, $Million
64    The U.K. CFC Market, Kilotons
65    Italy CFC Market, $Million
66    Italy CFC Market, Kilotons
67    Spain CFC Market, $Million
68    Spain CFC Market, Kilotons
69    The Netherlands CFC Market, $Million
70    The Netherlands CFC Market, Kilotons
71    Rest-of-Europe CFC Market, $Million
72    Rest-of-Europe CFC Market, Kilotons
73    China CFC Market, $Million
74    China CFC Market, Kilotons
75    Japan CFC Market, $Million
76    Japan CFC Market, Kilotons
77     South Korea CFC Market, $Million
78    South Korea CFC Market, Kilotons
79     India CFC Market, $Million
80    India CFC Market, Kilotons
81    Rest-of-Asia-Pacific CFC Market, $Million
82    Rest-of-Asia-Pacific CFC Market, Kilotons
83     Brazil CFC Market, $Million
84     Brazil CFC Market, Kilotons
85     Rest-of-South America CFC Market, $Million
86     Rest-of-South America CFC Market, Kilotons
87     Saudi Arabia CFC Market, $Million
88     Saudi Arabia CFC Market, Kilotons
89     UAE CFC Market, $Million
90     UAE CFC Market, Kilotons
91     Rest-of-MEA CFC Market, $Million
92     Rest-of-MEA CFC Market, Kilotons
93    Chomarat: Geographic Presence
94    Chomarat: Product Portfolio
95    Chomarat: SWOT Analysis
96    Cytec Solvay Group: Overall Financials: 2015 – 2017
97    Cytec Solvay Group: Geographical Revenue Mix, 2017
98    Cytec Solvay Group: Business Operations Revenue Mix, 2017
99    Cytec Solvay Group: Geographical Presence (2017)
100    Cytec Solvay Group: Product Portfolio
101    Cytec Solvay Group: SWOT Analysis
102    Gurit Holding AG: Overall Financials: 2015-2017
103    Gurit Holding AG: Geographical Revenue Mix, 2017
104    Gurit Holding AG: Business Operations Revenue Mix, 2017
105    Gurit Holding AG: Geographical Presence (2017)
106    Gurit Holding AG: Product Portfolio
107    Gurit Holding AG: SWOT Analysis
108    Hexcel Corporation: Overall Financials, 2015 - 2017
109    Hexcel Corporation: Geographical Revenue Mix, 2017
110    Hexcel Corporation: Business Operations Revenue Mix, 2017
111    Hexcel Corporation: End User Revenue Mix, 2017
112    Hexcel Corporation: Geographical Presence (2017)
113    Hexcel Corporation: Product Portfolio
114    Hexcel Corporation: SWOT Analysis
115    TenCate Advanced Composites BV: Geographic Presence
116    TenCate Advanced Composites BV: Product Portfolio
117    TenCate Advanced Composites BV: SWOT Analysis
118    Toray Industries, Inc.: Overall Financials: 2015 - 2017
119    Toray Industries, Inc.: Geographical Revenue Mix, 2017
120    Toray Industries, Inc.: Business Operations Revenue Mix, 2017
121    Toray Industries, Inc.: Geographical Presence
122    Toray Industries, Inc.: Product Portfolio
123    Toray Industries, Inc.: Global R&D Network
124    Toray Industries, Inc.: SWOT Analysis
125    GKN PLC.: Sourcing of Continuous Fiber Composites
126    GKN PLC.: Overall Financials: 2015-2017
127    GKN PLC.: Applications of Continuous Fiber Composites
128    GKN PLC.: SWOT Analysis
129    Safran SA: Sourcing of Continuous Fiber Composites
130    Safran SA: Overall Financials: 2015-2017
131    Safran SA: SWOT Analysis
132    Spirit AeroSystems: Sourcing of Continuous Fiber Composites
133    Spirit AeroSystems: Overall Financials: 2015-2017
134    Spirit AeroSystems: Applications of Continuous Fiber Composites
135    Spirit AeroSystems: SWOT Analysis
136    Honeywell International Inc.: Overall Financials:2015 - 2018
137    Honeywell International Inc.: SWOT Analysis
138    Airbus Group SE: Sourcing of Continuous Fiber Composites
139    Airbus Group SE: Overall Financials:2015 - 2018
140    Airbus Group SE: Material Usage Per Aircraft
141    Airbus Group SE: Material Mix by Aircraft Model (Percentage)
142    Airbus Group SE: SWOT Analysis
143    Bombardier Inc.: Sourcing of Continuous Fiber Composites
144    Bombardier Inc.: Overall Financials:2015 - 2018
145    Bombardier Inc.: Application of Continuous Fiber Composites
146    Bombardier Inc.: SWOT Analysis
147    General Dynamics Corporation: Overall Financials: 2015 - 2017
148    General Dynamics Corporation: Application of Continuous Fiber Composites
149    General Dynamics Corporation: SWOT Analysis
150    Rolls-Royce Holding Plc.: Sourcing of Continuous Fiber Composites
151    Rolls-Royce Holding Plc.: Overall Financials: 2015 - 2017
152    Rolls-Royce Holding Plc.: Application of Continuous Fiber Composites
153    Rolls-Royce Holding Plc.: SWOT Analysis
154    The Boeing Company: Sourcing of Continuous Fiber Composites
155    The Boeing Company: Overall Financials: 2015 - 2017
156    The Boeing Company: Material Usage Per Aircraft
157    The Boeing Company: Material Mix by Aircraft Model (Percentage)
158    The Boeing Company: SWOT Analysis

Materials have always been an intricate part of any industry, such as construction, marine, and transportation, among others, for more than 100 years. The basic materials used in automotive industry, aerospace & defense industry, wind power industry, and construction industry during the industrial revolution place from the 18th century to 19th century included wood, cast iron, stone, copper, and brick. However, owing to the properties such as low resistance to corrosion, high resistance to heat & extreme temperatures, weak weatherability, and significant maintenance costs, these materials are not preferred which subsequently led to the demand of lightweight materials. The lightweight materials have developed significantly over the past decade, and much has been attributed to the extensive technological advancement in this field. These materials are widely adopted in the developed regions, such as North America and Europe, and are also gaining popularity in the regions such as the Asia-Pacific, Middle East & Africa, and South America.

The rapidly growing Continuous Fiber Composites(CFC) market is being driven by a number of potential applications found in the end use industries such as automotive, aerospace & defense, wind energy, construction, sporting goods, and electrical & electronics, among others. Continuous fiber composites are fiber-reinforced polymer composites in which the fiber length is of magnitude larger than the width or the thickness of the composite part. Continuous fiber composites can be thermosetting or thermoplastic depending on the type of resin used. These composites are light in weight and possess the same strength as that of steel. Additionally, they have high fatigue resistance, stiffness retention under repeated loading, and resistance to creep.

Continuous Fiber Composites (CFC) are segregated based on fiber type, namely glass fiber, carbon fiber, and others. Each of the fiber types is further segregated based on their form structure. Composites can be woven fabrics, non-crimp fabrics, unidirectional fiber tapes, and non-woven mats based on their form structure. They offer various unique properties, such as resistance to corrosion, excessive heat, and extreme temperature, while having high electrical and thermal conductivities, low density, high ductility & strength, lighter weight, increased fuel economy, reduction in CO2 emissions into the atmosphere, and longer service life thereby, reducing the cost of maintenance.

The never-ending need for the aerospace industry to enhance the performance of commercial and military aircraft is constantly driving the development of improved high-performance structural materials. Composite materials are one such class of materials that play a significant role in current and future aerospace components. Composite materials are particularly attractive to aviation and aerospace applications because of their exceptional strength, stiffness-to-density ratios, and superior physical properties.

The composite materials widely used in the aerospace industry are carbon- and glass-fiber-reinforced plastic (CFRP and GFRP, respectively) which consist of carbon and glass fibers, both of which are stiff and strong in terms of their density.

FIGURE 1
Global CFC Market for Aerospace Industry Snapshot

Global CFC Market for Aerospace Industry Snapshot

Source: Expert Interviews, Secondary Research, and BIS Research Analysis

The global CFC market for the aerospace industry is expected to grow at a CAGR of 5.1% from 2018 to 2023.

The Use of Composites in Aircraft Design

Initially, composites were used only in secondary structure, but through technological innovation and development of improved materials, their use in primary structures, such as wings and fuselages, has increased. CFC is widely used in the commercial and military aircraft. The use of composite materials in commercial transport aircraft is attractive, owing to the reduced airframe weight which enables better fuel economy and thereby, lowering the operating costs. In 1983, the first significant use of composite material in a commercial aircraft was by Airbus in the rudder of the A300 and A310, and then in 1985 in the vertical tail fin. Later, a honeycomb core with CFRP faceplates was used for the elevator of the A310. Thereafter, composite materials were used for the entire tail structure of the A320, which also featured composite fuselage belly skins, fin/fuselage fairings, fixed leading & trailing-edge bottom access panels and deflectors, trailing-edge flaps & flap-track fairings, spoilers, ailerons, wheel doors, main gear leg fairing doors, and nacelles. Currently, composite materials constitute almost 50% of the Boeing 787, with an average weight savings of 20%.

The excellent strength-to-weight ratio of composites is used in helicopters to maximize payloads and their performance. Boeing Vertol used composites for rotorcraft fairings in the 1950s and made the first composite rotor blades in the 1970s. Composites are used in major structural elements of many modern helicopters, including the V22 tilt-rotor aircraft, which is approximately 50 percent composites by weight. The formability of composites has been used in helicopters so as to reduce the numbers of component parts and therefore cost.

Composites are also extensively used in the military aircraft in the recent years. For instance, composites are widely used in the wing skins, forward fuselage, flaperons, and rudder of military aircraft named, Eurofighter. Toughened epoxy skins constitute about 75 percent of the exterior area. In total, about 40 percent of the structural weight of the Eurofighter is carbon-fiber-reinforced composite material.

Regional Analysis

Europe consumed the largest share of CFC by volume, which was 66.8 kilotons in 2017. 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 expected to increase the demand of CFC 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.

Asia-Pacific is expected to be the fastest growing region in the 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 region.

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