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Research and Markets: Opportunities for Composites in the Global Aerospace Market 2011-2030 - Opportunities for Composite Materials in Aerospace Market to Top $41.8 Billion By 2020

Dépèche transmise le 14 septembre 2011 par Business Wire

Research and Markets: Opportunities for Composites in the Global Aerospace Market 2011-2030 - Opportunities for Composite Materials in Aerospace Market to Top $41.8 Billion By 2020

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/1aa9b3/opportunities_for) has announced the addition of the "Opportunities for Composites in the Global Aerospace Market 2011-2030" report to their offering.

“Opportunities for Composites in the Global Aerospace Market 2011-2030”

According to a new market study conducted by Lucintel, the huge demand for new aircraft and high composites penetration (up to 52% of structural weight) will drive significant demand for composites in the aerospace market. The report claims that the total demand for composites in commercial aerospace, regional jets, defense, general aviation, helicopter and other segments of aerospace market is expected to be worth $41.8 billion over the next 10 years.

As per the study, although composites usage varies between aircraft types, the trend going forward is greater use of composites in all the aircraft. For the Boeing 787, composites are estimated to comprise 50% of the total structural weight of the aircraft, while the Airbus 380 has 22% of its total structural weight comprised from composites. Though aluminum is currently the predominant material used in the overall aerospace industry, aerospace companies are showing increased interest in composite materials because of a desire for more fuel-efficient and corrosive-resistant aircraft.

Lucintel's analysis finds that the wide body aircraft will contain more than double amount of composites as compared to narrow body aircraft in next 10 years. Lucintel assumes that narrow body aircraft will carry approximately 35% composites of their structural weight by 2018. The development of narrow body aircraft is expected to start by 2013-2015 and production by 2018.

The aerospace market has experienced significant growth during last 5 years and is expected to reach $268 billion in 2020 with a global growth rate of 5.2% for the next ten years. The critical success factor for aerospace market is the increasing demand in developing countries;

For more on this study please click on link below:

For more information visit http://www.researchandmarkets.com/research/1aa9b3/opportunities_for