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Aerospace Fillers Composite Market Size, COVID-19 Impact Analysis, Regional Outlook, 2022 – 2028

  • Report ID: GMI3095

Aerospace Fillers Composite Market Size is set to record considerable expansion between 2022 and 2028, driven by the ability of the product to reduce composite costs and enhance performance that might not be achieved through resin ingredients and reinforcements alone. In addition, fillers also help in the improvement of mechanical properties comprising smoke and fire performance through the reduction of organic content in composite laminates. Some properties that can be enhanced by making use of fillers include stiffness, water resistance, temperature resistance, dimensional stability, surface smoothness, and others.
 

On the basis of product type, the aerospace fillers composite market is segmented into graphite, carbon, silica, calcium carbonate, and clay nanofiller. Of these, the calcium carbonate segment will register substantial growth during the forecast period. This is because the industry is witnessing a soaring demand for calcium carbonate fillers owing to their availability at low cost and in a range of particle treatments and sizes. A number of calcium carbonate filler grades are obtained from marble or limestone.
 

Considering the end-user industry, the military aircraft segment is anticipated to account for a lucrative share in the market. This is mainly attributed to the rising product demand in light of security and geopolitical challenges across parts of the globe. According to studies, the coming years are expected to showcase increasing importance of autonomous systems, spacecraft, military aircraft, satellites, and other products for national and international defense across various regions, propelling the demand for aerospace fillers composites.

 

The Asia Pacific aerospace fillers composite market share is estimated to rise owing to the reviving travel demand. The region is poised to record an increasing freight demand and a potential upsurge in air travel in light of relaxation of cross-border restrictions. Market players and regulators in the region are, therefore, looking for ways for the recovery of the aviation industry in the APAC, with Singapore being one of the major countries.
 

Key companies in the market comprise HSH Aerospace Finishes, PPG Industries Inc., The Sherwin-Williams Company, Akzo Nobel, 3M, Azo Materials, Solvay, and others. These leaders are focusing on mergers, acquisitions, and product developments and are entering into collaborations and partnerships for securing a competitive edge across the industry.
 

Analysis of COVID-19 impact on aerospace fillers composite market expansion

The COVID-19 pandemic affected the industry in the form of reduced travel demand in the year 2020. According to data from Airports Council International (ACI) World, the lasting impact of the health crisis is projected to remove an additional 5.2 billion passengers by the end of 2021 as compared to the pre-COVID forecast for the same year. However, with efforts towards economic revival, the domestic passenger traffic has been observed to recover faster as compared to the international market.

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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