Worldwide Aerospace Composites Industry to 2025 - Featuring Toray Industries, SGL Carbon and Solvay Among Others - ResearchAndMarkets.com
The global aerospace composites market size is forecast to reach around $41 billion by 2025, after growing at a CAGR of 10.5% during 2020-2025.
- The global aerospace composites market size is forecast to reach around $41 billion by 2025, after growing at a CAGR of 10.5% during 2020-2025.
- Surging demand of composites for making aircraft parts due to its exceptional strength and heat bearing capacity is driving the growth of aerospace composites market.
- However, high fabrication and assembly costs of composite materials restraints the growth of aerospace composites market.
- Increasing environmental concerns and government restrictions on the disposal of carbon and aramid fibers has hampered the growth of aerospace composites market.