The global aerospace & defense process materials market is projected to witness a growth rate of 6.2% annually from 2024 to 2030, with an anticipated size of US$ 589 million by 2030, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global aerospace & defense process materials market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Market Statistics:
Market Size in 2023: US$ 361 million
Market Size in 2030: US$ 589 million
Growth (CAGR): 6.2% during 2024-2030
Leading Aircraft Type: Commercial Aircraft
Leading Product Type: Vacuum Bagging Film
Leading Process Type: Prepreg Layup
Leading Region: North America
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Aerospace & Defense Process Materials Market:
The global aerospace & defense process materials market is segmented based on aircraft type, product type, process type, and region.
Based on aircraft type - The market is segmented into Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and Others. Commercial aircraft is expected to remain the largest and fastest-growing aircraft type in the market during the forecast period. It is expected that commercial aircraft will maintain an unwavering share of <70% during the forecast period. Leading commercial aircraft manufacturers, Boeing and Airbus are driving the market demand. Expected rise in the production rate of key programs (10 B787s per month by 2025/26, 75 A320s per month by 2027, 10 A350s per month by 2026 and 12 by 2028, 14 A220s per month by 2026, and 4 777s per month by 2025/26). Pioneer for composite manufacturing in the aircraft industry, the military segment secured a healthy share in 2023. Rising global tensions are encouraging major defense markets to raise the budget, ultimately creating greater business opportunities for market stakeholders.
Based on product type – The market is segmented into Vacuum Bagging Film, Release Film, Peel Ply, Breathers & Bleeders, and Others. Vacuum bagging film is expected to remain the dominant material type in the market during the forecast period. SAN holds a fair share, but there has been a gradual shift from SAN and PVC to PET cores. Vacuum bagging film plays a vital role in composite manufacturing, where it ensures smooth resin flow and reduces air trapping, making them desirable due to their durability and appearance and effective for creating a closed environment. The aerospace & defense industry requires bagging films and other process materials that offer high-temperature and pressure-resistant properties. Release film is expected to grow at the fastest rate during the forecast period. It is used in applications that require easy separation of materials. The versatility and functionality of release films are accelerating their increasing adoption in the composite process materials market.
Based on process type – The market is segmented into Prepreg Layup, Resin Infusion, and Others. The prepreg process is estimated to remain the largest process type in the market. Key drivers are increasing penetration of composites in modern aircraft programs (having high usage of prepreg); the level of consistency and ease of use have made the process indispensable in producing high-performance aircraft components. Resin Infusion to gradually gained momentum, primarily in the engine category.
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is projected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following–
Aerospace & Defense Process Materials Market Drivers:
Some of the key drivers listed in the report are given below.
· High composites content per aircraft, especially in next-generation aircraft such as the B737Max, B787, B777x, A350XWB, A220, and A320neo
· Expected rise in the production rates of key programs
· Market entry of new aircraft variants (B777x, etc.)
· Large aircraft fleet size
· Advancements in aircraft composite manufacturing
Top Companies in the Aerospace & Defense Process Materials Market:
Stratview Research has identified the following companies as the top market players.
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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