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Aerospace Fillers Composite Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Technological Trends, Competitive Market Share & Forecast, 2023 – 2032
- Report ID: GMI3095
Aerospace Fillers Composite Market size is poised to grow with a lucrative CAGR from 2023 to 2032, driven by the product's ability to reduce composite costs and enhance performance that might not be achieved through resin ingredients and reinforcements alone. In addition, fillers also help improve mechanical properties comprising smoke and fire performance by reducing the organic content in composite laminates. Some properties that can be enhanced using fillers include stiffness, water resistance, temperature resistance, dimensional stability, surface smoothness, and others.
Urban air mobility is increasingly gaining traction in the aerospace industry. These innovations in air transport include air taxis, air metros, drones for the final stage of package deliveries, emergency services, and more.
The Russia-Ukraine war has had a considerable impact on aerospace fillers composite industry growth. Mounting use of military aircrafts during the invasion in the start of 2022 has potentially pushed the use of filler composites in these aircrafts.
Based on product type, the aerospace fillers composite market is segmented into graphite, carbon, silica, calcium carbonate, and clay nanofiller. The calcium carbonate segment will register substantial growth during the forecast period. The growth can be reasoned to the increasing demand for calcium carbonate fillers owing to their availability at low cost and in a range of particle treatments and sizes. Several calcium carbonate filler grades are obtained from marble or limestone.
Considering the end-user, the military aircraft segment is anticipated to account for a lucrative market share. This is mainly attributed to rising product demand in light of the global security and geopolitical challenges. According to studies, the coming years are expected to showcase an increasing importance of autonomous systems, spacecraft, military aircraft, satellites, and other national and international defense products across various regions, propelling the demand for aerospace fillers composites.
Asia Pacific aerospace fillers composite market share is estimated to rise owing to the recuperating travel and tourism sector post COVID-19. Moreover, the relaxation of cross-border restrictions in the region is poised to result in improved freight demand and a potential upsurge in air travel. Therefore, market players and regulators in the region are looking for ways to recover the aviation industry in APAC, with Singapore being one of the major revenue generating countries.
HSH Aerospace Finishes, PPG Industries Inc., The Sherwin-Williams Company, Akzo Nobel, 3M and Solvay are major companies operating in the aerospace fillers composite market. These leaders are focusing on mergers, acquisitions, and product developments and entering collaborations and partnerships to secure a competitive edge across the industry.
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