Dublin, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The "Aerospace & Defense Thermoplastic Composites Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The global aerospace & defense thermoplastic composites market size was US$ 330 million in 2023 and is likely to grow at a robust CAGR of 14.8% in the long run to reach US$ 870 million in 2030.
The A&D industry is on the road to recovery from the grave aftermath of the pandemic, the impact of which can also be seen in the A&D thermoplastic composites market. Besides the current demand from composite-rich aircraft B787 and A350, the future holds many possibilities. The ongoing and upcoming projects and collaborations of the big guns, exerting ardent efforts towards expanding the horizons of thermoplastic composites usage for large aircraft parts is going to add consequential impetus to the demand in the coming years.
The market is highly consolidated with the presence of < 50 players globally. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. Some of the major players maintain a presence in multiple nodes of the supply chain.
Thermoplastic composite materials are considered excellent materials for current and future aircraft components. Years of R&D and continuous efforts assisted the industry stakeholders in replacing not only various metallic parts but also thermoset composite parts. From being used in nominal and non-crucial areas of application, to being a part of the most high-performance applications such as fuselages, composites have had a striking and prodigious journey in the aerospace industry.
Increasing demand for weight reduction to improve fuel economy and reduction in carbon emissions in the aerospace industry, increasing penetration of composites in modern aircraft programs, and low processing cost coupled with the advantage of recyclability of thermoplastic composites over thermoset composites are some of the key factors driving the demand.
The market is highly impacted by new technological advancements, production rates of aircraft, FAA regulations, and other factors. Major players have been working hard for advancements in the existing thermoplastic materials. There has also been a development of a unidirectional carbon prepreg, which further allows weight savings through high fiber content and can be fabricated with an automated production process for high-volume production.
Aircraft Trends: Commercial aircraft are expected to remain dominant as well as the fastest-growing aircraft type in the market during the forecast period
- On the B787 aircraft, thermoplastic composites are used to provide localized reinforcement between some of the fuselage frames, in the form of shear webs (about 150 per aircraft).
- On average, about 8,000 clips are used in an A350XWB aircraft, whereas there are 10,000 to 15,000 such clips and cleats in a B787 aircraft.
- Both Airbus and Boeing aircraft have undergone a massive transformation in their aircraft material mix over the years. The latest aircraft have ?50% composites. They are used on the fuselage, wings, and stabilizers, making the aircraft incredibly strong and yet much lighter.
- Over the years, Airbus has progressively used thermoplastic materials and welding on structural applications on several aircraft: A340, A380, A350, and military applications
Resin Trends: PEEK-based composites are expected to remain the dominant and fastest-growing resin of the market during 2024-2030
- PEEK composites offer an exceptional combination of benefits aiding aerospace OEMs, designers, and processors to attain cost savings, quality, and performance. They help lower weight, improve buy-to-fly ratios, and provide design freedom to optimize the design.
- PEEK is often used with carbon fiber to fabricate clips, cleats, brackets, clamps, and connectors.
- Clean Sky 2's OUTCOME project has tested and validated a sustainable manufacturing process for producing a stiffened thermoplastic composite upper skin for the external wing box of Airbus C-295 aircraft.
Application Trends: Airframe is expected to remain the most attractive application of the market by 2030
- For airframe, PPS resin is the most widely used resin and carbon fiber is the most widely used reinforcement, whereas; for interior PEI and glass fiber are the preferred resin and reinforcement types, respectively.
- Key application areas in the airframe segment are clips, cleats, leading edges, panels for the fuselage, shear webs, stringers, ribs, rudders, and elevators. There is also growing interest in thermoplastic composites in interiors with floor panels, brackets, profiles, and seat backs being key applications.
- Ardent efforts toward leveraging the full potential of thermoplastic composites for structural applications are likely to give a thrust to the segment's growth.
- In 2020, Victrex Collaborated with Daher to produce a 176-ply laminate structural aircraft panel, a thickness of 32 mm. utilizing VICTREX AET 250 LMPAEK composite. This may offer key advantages for the industry in primary structural applications.
Regional Insights: Europe is anticipated to remain at the forefront throughout the forecast period; whereas North America is likely to grow at the highest rate by 2030
- Europe to hold its unassailable lead in the coming years (56.1% share, value basis, in 2023).
- Airbus surpassed Boeing in terms of deliveries, winning the deliveries crown for the fifth consecutive year. This ultimately fuels the European market.
- Key players: GKN Aerospace (Fokker Aerostructure), Premium Aerotec, Daher, and Dutch Thermoplastic Composites (now part of Collins Aerospace).
- The A350XWB is using a huge amount of thermoplastic composite parts, mainly in the fuselage.
- The increase in the footprint of European players in the USA is driving North America's market. Daher is making its presence by developing a relationship with Gulfstream Aerospace for supplying thermoplastic parts for the wing and fuselage for some of the programs.
Here is the list of the Top Players (Based on Dominance)
- GKN Aerospace
- Premium AEROTEC GmbH
- Daher
- Collins Aerospace
- Avanco Group
Report Features
Competitive Analysis
- Degree of Competition and Market Share Analysis
- Competitive Landscape (Benchmarking of Key Players in Crucial Parameters)
- Product Portfolio Mapping (Map their Presence in Different Market Categories)
- Key Target Areas for Product Developments (Understand the Industry Focus while Developments)
- M&As, JVs, Collaborations, Strategic Alliances, etc. (Map All the Major M&As and JVs)
- Porter's Five Forces Analysis (A Bird's Eye View of the Overall Competitive Landscape)
Strategic Growth Opportunities
- High-Growth Segments: A Summary
- Emerging Trends (Key Trends that May Shape the Market Dynamics in the Future)
- Key Strategic Implications (Changing Market Dynamics and their Key Implications)
- Key Success Factors (KSFs) (Identifying Some Factors that May Help Companies to Gain Business)
Company Profile of Key Players
- ATC Manufacturing
- AVANCO Group
- Cutting Dynamics, Inc.
- Daher
- Collins Aerospace
- Melrose Industries PLC (GKN Aerospace)
- Premium AEROTEC GmbH (a subsidiary of Airbus)
- SEKISUI Aerospace
The global A&D thermoplastic composites market is segmented into the following categories:
By Aircraft Type
- Commercial Aircraft
- General Aviation
- Military Aircraft
- Others
By Resin Type
- PPS-based Composites
- PEEK-based Composites
- PEI-based Composites
- Others
By Application Type
- Airframe
- Interiors
- Others
By Fiber Type
- Carbon Fiber-based Composites
- Glass Fiber-based Composites
By Consolidation Type
- Press Molding
- Bagging
- Injection Molding
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Latin America, The Middle East, and Others)
For more information about this report visit https://www.researchandmarkets.com/r/clo6y3
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