Aerospace Surface Materials & Technical Fabrics Market
Global Industry Analysis, Trends and Forecast, 20172025
Global Aerospace Surface Materials & Technical Fabrics Market:
Introduction
Aerospace surface materials and technical fabrics are lightweight, durable,
flame & corrosion resistant materials help to address the stringent safety
standards and fuel efficiency requirements of aerospace. In the coming period
of time moderate growth is foreseen in aerospace surface materials & technical
fabrics market owing to increasing number of fleet in use and inbound and
outbound travel activities across the globe. Airlines usually upgrade or refinish
aircraft interiors on average of four to seven years, and aerospace technical
fabrics offer efficient options in regards to achieve the same. Aerospace OEMs
are constantly exploring and developing technological advancements that will
help in increasing efficiency and productivity of airline industry. For this reason,
aerospace is one of the predominant industries to adopt the use of composites
in its designs. Worldwide air-travel has grown at a brisk pace in the recent
period. Reasonable air fares, improving standard of living coupled with a
growing middle class in emerging economies are all aiding to demand for air
travel and consequently enhance the utilization of aerospace surface materials
and technical fabrics.
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Global Aerospace Surface Materials & Technical Fabrics Market:
Market Dynamics
Stable GDP growth provides firm platform for growth in air transport, though, it
is not the only factor that drives air traffic growth. Some of the factors that
impact the usage of aerospace surface materials and technical fabrics market
include increasing air-transport MRO activities, improving infrastructure for air
transport, increasing urbanization, increasing pace of industrialization, and
development of travel and tourism sector. Airport expansion and new airport
construction in emerging countries, predictably demand new airplanes, which
in turn leads to an added growth of aerospace surface materials and technical
fabrics market. Moreover, the growth in aerospace surface materials &
technical fibers market is largely driven by an increase of seats in the
passenger aircrafts owing to high demand on existing routes across the main
cities.
Prominent industry liberalization such as development of low cost carriers and
Open Skies agreement are being made, which in turn expected to stimulate
growth in the commercial airline industry. The expectation is that this trend will
continue owing to low prices for air travel. Government regulations and lack of
infrastructure in some countries of Middle East and less developed region
undermine the growth of aerospace surface material & technical fabrics
market.
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Global Aerospace Surface Materials & Technical Fabrics Market:
Regional Outlook
After a decade of challenges and despite some political uncertainties such as
Brexit, European consumer and business confidence are recovering. The
propensity to fly among European people is quite high as compared to other
parts of the world. Positively, forecasts suggest that the European population
will continue to grow in terms of wealth, consequently, increase the passenger
traffic growth. With the deployment of new aircrafts and refurbishing the
existing fleet aerospace surface materials and technical fibers market is
foreseen to observe substantial growth. Furthermore, North America has
always been at the forefront of positive developments and innovation in the
aerospace industry. The airlines in the region have also embarked on significant
fleet renewal and likely to continue in the coming years which in turn reinforce
the growth of aerospace surface materials & technical fabrics market. Intraregional growth and geographical position have put the region at the
crossroads of trade and transportation between east and west. Despite the
economic difficulties faced in Latin America, total traffic has grown
considerably that has raised the demand for new aircraft fleet. Subsequently,
the global outlook for aerospace surface materials & technical fabrics looks
healthy in the foreseeable future.
Global Aerospace Surface Materials & Technical Fabrics Market: Key
Participants
Example of some of the market participants in the global aerospace surface
materials & technical fabrics market discerned across the value chain include
Sigmatex Ltd
Arville Textiles Limited
APEX MILLS
Diatex
JPS Composite Materials
Baltex
Valeth High Tech Composites Pvt. Ltd.
Mohawk Fabric Company, Inc.
DAF Products Inc.
BGF Industries, Inc.
Hindoostan Mills Ltd.
Cytec Solvay Group
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