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Aerospace Composites Market by Fiber (Carbon Fiber, Glass Fiber, Aramid Fiber), by Aircraft (Commercial Aircraft, Military Fixed Wings, Helicopter) and Region, Global Trends and Forecast from 2022 To 2029

The global aerospace composites market is expected to grow at 9.80 % CAGR from 2020 to 2029. It is expected to reach above USD 52.42 Billion by 2029 from USD 22.60 Billion in 2020

Segment Analysis
The global aerospace composites market is segmented based on fiber type into carbon fiber, glass fiber, aramid fiber. This category is now dominated by carbon fiber, and it is anticipated that other categories will follow suit. Since carbon fiber is approximately twice as rigid as aramid and glass fibers, it is favored for use in airplanes and spacecraft. Additionally, the lightweighting effects of the high-strength carbon fiber contribute to improved engine performance and decreased fuel consumption. Glass fiber follows carbon fiber in the order. Additionally, the advantages of glass fiber include its lower cost, high strength-to-weight ratio, and resistance to moisture and the elements.

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