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Global Fiberglass Market for Aerospace Industry 2017-2021

  • Published: May 2017
  • Pages: 70
  • SKU: IRTNTR13088
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This industry research report identifies Braj Binani Group, Jushi Group, PPG Industries, Saint-Gobain, and China Beihai Fiberglass as the key vendors in the global fiberglass market for the aerospace industry. This industry research report also presents a competitive analysis of the market by application (structural parts, flooring, closets, cargo liners, and seating, luggage bins and storage racks, and others) and geography (the Americas, APAC, and EMEA).

Overview of the global fiberglass market for the aerospace industry

Market research analysts at Technavio predict that the global fiberglass market for aerospace industry will grow steadily over the next four years and post a CAGR of almost 5% by 2021. This market research analysis identifies the demand for aircraft weight reduction and fuel efficiency as one of the key factors for the growth of the fiberglass market for the aerospace industry. Fiberglass maintains a strength-to-weight ratio, where it delivers robust strength by saving up to 20-50% weight when compared to other metal alloys. This weight reduction will help airline operators significantly reduce their fuel expenses. Since, the aerospace industry is always on the lookout for products that deliver greater agility without compromising on the fuel-efficiency, such benefits will induce the industry to prefer fiberglass for various applications. Boeing has already used fiberglass as the main material in the airframe of its 787 Dreamline and this helped in reducing the consumption of fuel by almost 40%.

The Implementation of composites in jet engines and aircraft interiors will be one of the major factors that will gain traction in this market during the next four years. With the market for commercial air transport witnessing rapid growth, the manufacturers will increasingly focus on factors such as fuel efficiency, weight reduction, and increased performance efficiency. This in turn, will fuel the adoption of composites among aircraft manufacturers and component manufacturers for aircraft interiors and components such as aircraft seats since they have low flammability and can withstand smoke and toxic gases released during exposure to fire. This will further fuel the growth of the fiberglass market for the aerospace industry.

Competitive landscape and key vendors

The fiberglass market for aerospace industry is dominated by well-established vendors. The vendors in the market are focusing on expanding their foothold through product innovations. Also, key vendors in the market are competing with each other based on the technical and financial resources. To maintain their existing presence, vendors have the need to enhance their product portfolios through innovations and also stay updated with the emerging technologies.

The leading vendors in the market are ?

  • Braj Binani Group
  • Jushi Group
  • PPG Industries
  • Saint-Gobain
  • China Beihai Fiberglass

The other prominent vendors in the market are Advanced Composites, ADVANCED Fiberglass Industry, Composite Engineering & Design (C.E.D.), and KCC.

Market segmentation by application and analysis of the fiberglass market for the aerospace industry

  • Structural parts
  • Flooring, closets, cargo liners, and seating
  • Luggage bins and storage racks

The structural parts segment accounted for the largest share of the fiberglass market for the aerospace industry during 2016. Fiberglass is used as the primary ingredient in various structural parts such as tail fins, flaps propellers, radomes, air brakes, rotor blades, motor parts, and wing tips. Owing to the exorbitant benefits such as cost-effectiveness, robust strength, and resistance to chemicals, the alloy is widely used in the manufacture of crucial components. The growing demand for commercial and passenger aircraft will be the major factor influencing the growth of this market segment.

Market segmentation by geography and analysis of the fiberglass market for the aerospace industry

  • Americas
  • APAC
  • EMEA

During 2016, APAC accounted for the major shares of the fiberglass market for the aerospace industry. The exponential growth in the aviation market will boost the market for fiberglass. The economic growth of the countries in the region and the high demand for aircraft due to the growth of the aviation market in the region, will be the major factors augmenting this market's growth prospects in this region. Additionally, the rise in automation that enables vendors in the region to differentiate themselves through sophisticated production methods, will also drive the market's growth in APAC.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global fiberglass market for aerospace industry?
  • What are the key market trends impacting the growth of the global fiberglass market for aerospace industry?
  • What are the challenges to market growth?
  • Who are the key vendors in the global fiberglass market for aerospace industry?
  • What are the market opportunities and threats faced by the vendors in the global fiberglass market for aerospace industry?
  • Trending factors influencing the market shares in the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global fiberglass market for aerospace industry?

Technavio also offers customization on reports based on specific client requirement.

Fiberglass is a composite material, which is widely used in the aerospace industry for its lightweight and eco-friendly nature. It is made of glass fiber reinforced plastics. This upcoming report by Technavio is a fundamental part of the chemicals and materials industry and offers a detailed study of rapidly growing sectors like textile, fiber, and composite, specialty chemicals, and additives, adhesives, and sealants.

Global Fiberglass Market SizeTo accurately forecast the chemicals and materials industry's growth prospects, our market research specialists follow a structured approach comprised of  primary and secondary data collection techniques and also carry out detailed analysis based on several market facets, including advancements in technology and the demand for products and services across the globe. This upcoming report on fiberglass for aerospace industry market also considers the growth of related markets like fiberglass electrical and electronic products market and adhesives and sealants market, which are expected to grow at a CAGR of above 7% and over 5%, respectively by 2021. As expected by our market research analysts, the steadily rising demand for aircraft weight reduction and better fuel efficiency is expected to drive the market's growth during the next four years.

The upcoming industry research report for fiberglass for aerospace industry market highlights the prominent drivers,  prospective trends, and the imminent challenges currently experienced by the chemicals and materials industry and also presents a holistic overview into the markets of paints, coatings, and pigments and olefins.

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights
  • Market overview

PART 05: Market landscape

  • Global fiberglass market for aerospace industry
  • Five forces analysis

PART 06: Market segmentation by application

  • Global fiberglass market for aerospace structural parts
  • Global fiberglass market for aerospace flooring, closets, cargo liners, and seating
  • Global fiberglass market for aerospace luggage bins and storage racks
  • Global fiberglass market for other aerospace materials

PART 07: Geographical segmentation

  • Fiberglass market for aerospace industry in APAC
  • Fiberglass market for aerospace industry in EMEA
  • Fiberglass market for aerospace industry in Americas

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Impact of drivers on key regions
  • Market challenges
  • Impact of challenges on key regions

PART 10: Market trends

  • Implementation of composites in jet engines and aircraft interiors
  • Projected growth trend in aircraft manufacturing

PART 11: Vendor landscape

  • Competitive scenario
  • Braj Binani Group
  • Jushi Group
  • PPG Industries
  • Saint-Gobain
  • China Beihai Fiberglass
  • Other prominent vendors

PART 12: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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