Friday, April 05, 2013

Global demand for aerospace composites to reach $4.2 billion in 2018


Hyderabad:  Demand for composite materials in the global aerospace industry achieved double-digit growth in 2012, driven by the continued ramp up of new and existing large commercial aircraft production and increased build rates across the military, civil helicopters, and certain business jet aircraft, according to custom & syndicated research firm Composite Insights.
The commercial aerospace industry continues to use a greater proportion of advanced composite materials with each new generation of aircraft. As Airbus and Boeing increase the production rates of their newest aircraft—including the A380, B787, and A350—the demand for composite materials is expected to grow rapidly through 2018.
New aerospace programs—including the Comac C-919, Bombardier C Series, Mitsubishi MRJ21, Comac ARJ21, and Sukhoi Superjet-100—are expected to contribute to the growing demand for composite materials in civil aerospace. The growth in military aircraft and helicopter production that has occurred in recent years will continue the same trend driving the demand for composite materials.
04/04/13  Courtney Howard/Avionics Intelligence
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