The Fiberglass Market for Aerospace Industry is segmented by Application (Structural parts, Flooring, Closets, Seating, and Others), Type (Thermoset resins and Thermoplastic resins), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 1013.23 million, at a CAGR of 7.15% during the forecast period. There are several companies that are contributing to the market as per this report. Rising construction for new commercial and defense aircraft .
In the aerospace industry, fiberglass has emerged as a preferred material for manufacturing various components due to its high strength-to-weight ratio and durability. Fiberglass composites, which can account for up to 50% of the weight of modern aircraft, are extensively used for the production of fuselage, wings, stabilizers, landing gear, and tail. The interior components of aircraft also extensively utilize fiberglass in the form of sheets, panels, and veneers for flooring, closets, air ducts, cargo liners, and insulation. Fiberglass's extensive use is not limited to exterior structural parts but also extends to interior components, providing superior performance and longevity.
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The Asia Pacific (APAC) region's expanding aviation industry, driven by the construction of new aircraft and the substantial aircraft fleet in countries like India, China, Japan, Singapore, and Malaysia, has propelled the demand for lightweight and robust materials, such as fiberglass, in the aerospace sector. China, a leading player in civil aerospace and aviation services, is a significant contributor to this market growth. The increasing focus on fuel-efficient and lightweight aircraft, coupled with improved economic conditions in APAC, has led to the expansion of the fiberglass market in the aerospace industry. Aircraft operators in APAC are prioritizing fleet expansion to meet the surging passenger traffic in the region.
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The fiberglass market for the aerospace industry is witnessing significant growth due to the use of strong fibers and polymer matrix composites in aircraft manufacturing. These composite materials offer high strength, durability, and lightweight properties, leading to improved fuel economy and efficiency of operations. Fiberglass panels are also known for their corrosion resistance, making them ideal for use in harsh environments. Furthermore, fiberglass's insulation properties contribute to better fuel efficiency and reduced maintenance costs in the aircraft sector. In the aerospace and defense industry, fiberglass resins are used to produce durable surfaces for various applications, from aircraft components to marine vessels. The use of fiberglass in the aerospace industry extends to wind energy, transportation, and construction, where lightweight and eco-friendly materials are essential. The choice between thermoplastic and thermoset fiberglass resins depends on the specific application requirements. As the demand for sustainable and environmentally friendly materials grows, alternative materials like bio-based resins are gaining popularity in the fiberglass market. These materials offer similar properties to traditional fiberglass while reducing the industry's carbon footprint. Overall, the fiberglass market is poised for continued growth in the aerospace industry and beyond, driven by the need for lightweight, durable, and fuel-efficient materials.
According to Technavio, the global fiberglass market for the aerospace industry is a segment of the expansive global construction materials market, encompassing companies and products associated with the manufacturing of various materials such as sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, fiberglass, chemicals, containers and packaging, metals and mining, and paper and forest products. The growth of the global construction materials market, valued by the combined revenue of its constituents, is primarily driven by the surge in the building and construction industry, which significantly influences the demand for construction materials. - The Fiberglass Market for Aerospace Industry is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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