Aerospace structural parts
The global fiberglass market for aerospace structural parts is expected to grow at a CAGR of more than 5%. The fiberglass is mainly used in making the primary structural parts of aircraft, which include tail fins, fairings, flaps propellers, radomes, air brakes, rotor blades, and motor parts and wing tips. Fiberglass has advantages such as low cost and resistant to chemicals. As a result, they are preferred over other composite materials. Other qualities of fiberglass include impact and fatigue resistance, ideal strength-to-weight ratio. Also, they are non-flammable.
For reducing the cost and weight of the aircraft, which will further reduce the fuel consumption, there is a constant replacement of metals with composites. Being one of the most efficient material types, fiberglass is highly used in the aerospace industry. With the growing demand for both commercial and passenger aircraft, the market for fiberglass will also increase.
Both civilian and military sectors make use of fiberglass aircraft parts and components. These are differentiated by good insulating properties, good formability, tailorable shear properties by layup, and low dielectric properties. Increasing growth in the aerospace industry across regions will propel the market during the forecast period.
Aerospace flooring, closets, cargo liners, and seating
The global fiberglass market for aerospace flooring, closets, cargo liners, and seating is expected to reach USD 56.2 million. Composites make almost 50% of a modern aircraft and fiberglass is one of the most widely used composites in the aerospace industry. With fuel price increasing significantly, there is a need to reduce the weight in aircraft to improve the fuel efficiency and payload capacity.
Aerospace luggage bins and storage racks
The global fiberglass market for aerospace luggage bins and storage racks is expected to grow at a CAGR of more than 4% . Fiberglass composites form an integral part of the aircraft luggage bins and storage racks. The long-term aircraft production spending from various countries will make the global aerospace industry to witness a positive growth trend. The growing demand in the travel industry from APAC and the Middle East is driving the demand for fiberglass in the aerospace industry.
Post time: May-13-2021