{"product_id":"global-aero-engine-composite-material-market-size-study-forecast-by-application-commercial-aircraft-military-aircraft-general-aviation-aircraft-by-component-fan-blades-guide-vanes-shrouds-engine-casing-engine-nacelle-other-cold-end-parts-b","title":"Global Aero Engine Composite Material Market Size study \u0026 Forecast, by Application (Commercial Aircraft, Military Aircraft, General Aviation Aircraft), by Component (Fan Blades, Guide Vanes, Shrouds, Engine Casing, Engine Nacelle, Other Cold End Parts), b","description":"\u003cp\u003eGlobal Aero Engine Composite Material Market Size study \u0026amp; Forecast, by Application (Commercial Aircraft, Military Aircraft, General Aviation Aircraft), by Component (Fan Blades, Guide Vanes, Shrouds, Engine Casing, Engine Nacelle, Other Cold End Parts), by Composite Type (Polymer Matrix Composites, Carbon Matrix Composites, Metal Matrix Composites), by Fiber Type (Carbon Fibers, Ceramic Fibers, Glass Fibers) and Regional Analysis, 2022-2029\u003c\/p\u003e\n\n\u003cp\u003eGlobal Aero Engine Composite Material Market is valued at approximately USD 2.53 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.76 % over the forecast period 2022-2029. Composite materials have been used in the aerospace industry for many years, mainly in non-safety critical applications and more recently as essential structures, including such as fuselage and wing structures on the latest aircraft from Boeing, Airbus, and Bombardier. The aircraft engine is one of the most paradoxical and demanding environments for any material system. These aero-engine designs are geared at lower fuel consumption, higher thrust, and reduced weight for improved fuel economy. Furthermore, the adoption of modern aero-engine composite materials necessitates intense and advanced development initiatives. The Aero Engine Composite Material Market is expanding because of factors such as the increasing commercial aircraft composites production rate and new emission regulations that have been implemented by government agencies.\u003c\/p\u003e\n\n\u003cp\u003eAccording to Statista, the aeroplane engine sector was valued at almost $80 billion in 2019. As global interconnection grows, it is expected to surpass 97 billion US dollars by 2026 due to increased demand for air travel and cargo. Composite materials are also used in the aircraft and aerospace industries to aid in the management of hostile environments. In 2017, the aircraft industry alone accounted for around 18,000 metric tons of carbon fibre demand. Composite wood, metal matrix composites, and reinforced concrete are also common examples of composite materials. Many of the world's major polluting countries committed to reaching zero carbon by 2070 during the 26th UN Climate Change Conference (COP26) in 2021. Also, the rise in technologically advanced engines and reduced cost of carbon fibers provide lucrative growth opportunities for the market during the forecast period. However, the high costs of composite materials may stifle market growth throughout the forecast period of 2022-2029.\u003c\/p\u003e\n\n\u003cp\u003eThe key regions considered for the Global Aero Engine Composite Material Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue. The existence of a significant number of players, as well as aircraft and engine component manufacturers, has contributed to the rise. Furthermore, Asia Pacific is expected to grow with the highest CAGR during the forecast period. Asia Pacific aviation passenger traffic is increasing the demand for new aircraft and modern-generation engines. Furthermore, strengthening economies and increased defence expenditures in emerging countries such as India and China drive regional market growth.\u003c\/p\u003e\n\n\u003cp\u003eMajor market players included in this report are:\u003c\/p\u003e\n\n\u003cp\u003eRolls Royce Holdings Plc (U.K.)\u003cbr\u003e\nGE Aviation (U.S.)\u003cbr\u003e\nHexcel Corporation (U.S.)\u003cbr\u003e\nMeggitt Plc (U.K.)\u003cbr\u003e\nAlbany International (U.S.)\u003cbr\u003e\nNexcelle LLC (U.S.)\u003cbr\u003e\nSolvay (Belgium)\u003cbr\u003e\nDuPont de Nemours, Inc. (U.S.)\u003cbr\u003e\nSafran SA (France)\u003cbr\u003e\nFACC AG (Austria)\u003c\/p\u003e\n\n\n\u003cp\u003eRecent Developments in the Market:\u003cbr\u003e\n? In July 2022, at its Aerospace Innovation Centre (AIC), Hexcel Corporation collaborated with Spirit AeroSystems to develop more sustainable aircraft manufacturing technology for future aircraft production.\u003c\/p\u003e\n\n\u003cp\u003eGlobal Aero Engine Composite Material Market Report Scope:\u003cbr\u003e\nHistorical Data 2019-2020-2021\u003cbr\u003e\nBase Year for Estimation 2021\u003cbr\u003e\nForecast period 2022-2029\u003cbr\u003e\nReport Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends\u003cbr\u003e\nSegments Covered Application, Component, Composite Type, Fiber Type, Region\u003cbr\u003e\nRegional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World\u003cbr\u003e\nCustomization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional \u0026amp; segment scope*\u003c\/p\u003e\n\n\u003cp\u003eThe objective of the study is to define market sizes of different segments \u0026amp; countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.\u003c\/p\u003e\n\n\u003cp\u003eThe report also caters detailed information about the crucial aspects such as driving factors \u0026amp; challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:\u003c\/p\u003e\n\n\u003cp\u003eBy Application:\u003cbr\u003e\nCommercial Aircraft\u003cbr\u003e\nMilitary Aircraft\u003cbr\u003e\nGeneral Aviation Aircraft\u003c\/p\u003e\n\n\u003cp\u003eBy Component:\u003cbr\u003e\nFan Blades\u003cbr\u003e\nGuide Vanes\u003cbr\u003e\nShrouds\u003cbr\u003e\nEngine Casing\u003cbr\u003e\nEngine Nacelle\u003cbr\u003e\nOther Cold End Parts\u003c\/p\u003e\n\n\u003cp\u003eBy Composite Type:\u003cbr\u003e\nPolymer Matrix Composites\u003cbr\u003e\nCarbon Matrix Composites\u003cbr\u003e\nMetal Matrix Composites\u003c\/p\u003e\n\n\u003cp\u003eBy Fiber Type:\u003cbr\u003e\nCarbon Fibers\u003cbr\u003e\nCeramic Fibers\u003cbr\u003e\nGlass Fibers\u003c\/p\u003e\n\n\u003cp\u003eBy Region:\u003cbr\u003e\nNorth America\u003cbr\u003e\nU.S.\u003cbr\u003e\nCanada\u003cbr\u003e\nEurope\u003cbr\u003e\nUK\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nSpain\u003cbr\u003e\nItaly\u003cbr\u003e\nROE\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nJapan\u003cbr\u003e\nAustralia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nRoAPAC\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nRoLA\u003cbr\u003e\nRest of the World\u003c\/p\u003e\n\n\n\u003cp\u003eCompanies Mentioned\u003cbr\u003e\nRolls Royce Holdings Plc (U.K.)\u003cbr\u003e\nGE Aviation (U.S.)\u003cbr\u003e\nHexcel Corporation (U.S.)\u003cbr\u003e\nMeggitt Plc (U.K.)\u003cbr\u003e\nAlbany International (U.S.)\u003cbr\u003e\nNexcelle LLC (U.S.)\u003cbr\u003e\nSolvay (Belgium)\u003cbr\u003e\nDuPont de Nemours, Inc. (U.S.)\u003cbr\u003e\nSafran SA (France)\u003cbr\u003e\nFACC AG (Austria)\u003c\/p\u003e\n\n\u003cp\u003ePlease note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"April, 2023 \/ 200 Pages \/ MCW16265647","offer_id":47698746900786,"sku":null,"price":5940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-aero-engine-composite-material-market-size-study-forecast-by-application-commercial-aircraft-military-aircraft-general-aviation-aircraft-by-component-fan-blades-guide-vanes-shrouds-engine-casing-engine-nacelle-other-cold-end-parts-b","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}