The Market of Aerospace Engineered Coated Fabrics to grow beyond US$ 167.7 million by 2024
February 14, 2020
Aerospace Engineered Coated Fabrics Market Overview:
The next five years for engineered coated fabrics (in the aerospace industry) are going to be attractive with healthy growth opportunities in the entire value chain. The market is subjected to grow at a healthy rate over the next five years to reach US$ 167.7 million in 2024. The key market trends driving the growth of engineered coated fabrics in aviation industry are increasing aircraft deliveries, increasing demand for lightweight products, development of high-performance applications, technological advancements, and introduction of stringent standards regarding the passenger safety.
Report Overview:
This new report from Stratview Research analyses the Aerospace Engineered Coated Fabrics Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aerospace Engineered Coated Fabrics Market Segment Insights:
Civil aircraft: The growth engine
Based on the platform type, the market is segmented into civil aircraft, military aircraft, and spacecraft. Civil aircraft is likely to remain the dominant and the fastest-growing segment of the market during the forecast period. Inclination towards lightweight yet durable parts for achieving greater fuel efficiency and stringent regulations towards passenger safety are the major factors driving the demand for engineered coated fabrics in the civil aviation industry. Further, increasing aircraft deliveries to meet rising passenger traffic is acting as a catalyst towards the growth of the segment.
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https://www.stratviewresearch.com/toc/508/aerospace-engineered-coated-fabrics-market.html
Dominance of: Polyurethane Coating and Hot-melt coating
Based on the coating type, the market is segmented into urethane-coated fabrics, rubber-coated fabrics, silicone coatings, and others. Polyurethane coating is expected to remain the most dominant segment of the market during the forecast period, whereas rubber coating and silicone coating are likely to witness healthy growth rates over the next five years. Polyurethane coating offers high-tensile strength and possesses excellent resistance to heat and flame, making them the most preferred coating type for aerospace engineered coated fabrics.
Based on the coating process type, the market is bifurcated into the calendaring coating, hot-melt coating, knife coating, and others. Hot-melt coating is the most widely used coating process in the market and is also projected to grow at the highest rate during the forecast, owing to its low-processing time. In the hot-melt coating process, coating material can be applied without any organic solvents at a high application rate, which leads to its low-processing time.
A highly/moderately/fragment consolidated Market
The supply chain of this market comprises of raw material suppliers, aerospace engineered coated fabric manufacturers, distributors, tier players, and OEMs. The key manufacturers in the market are Alpha Engineered Composites, Continental AG (ContiTech), Fothergill Group, Gasket Engineering Company, John Holden and Sons, Orca, by Pennel & Flipo, Trelleborg AB, and The Yokohama Rubber Co., Ltd. Some of the key end-users in the industry are Boeing, Airbus, Embraer, Bombardier, and NASA.
Regional Hegemony of North America
In terms of region, North America is projected to remain the largest market for aerospace engineered coated fabrics during the forecast period. The USA is the growth engine of the region's market driven by the presence of a large number of OEMs, tier players, engineered coated fabric suppliers, and airlines. Rising commercial aircraft fleet size is likely to further boost the overall demand for engineered coated fabrics in the foreseeable future in North America.
Asia-Pacific is likely to witness the highest growth during the forecast period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
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