Interior Composites Market – Size Incredible Possibilities and Growth Analysis

Market Overview:

The global cabin interior composites market is growing due to the increasing procurement of aircraft and rising air passenger traffic. According to Boeing, 8,800 aircraft were delivered in North America in 2018. Furthermore, stringent government regulations regarding aircraft manufacturing are also boosting market growth. For example, in the US, the Federal Aviation Administration (FAA) develops policy procedures and regulates manufacturing aspects of air carriers, general aviation, and commercial operators. However, market growth is expected to be hindered by volatility in oil prices.

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The growth of the Global Cabin Interior Composites Market can be attributed to the increasing air passenger traffic and retrofit of old aircraft. However, delays in aircraft deliveries and decreasing profitability of airlines in developing regions may hamper market growth.

The global cabin interior composites market is estimated to register a CAGR of nearly 6.89% during the forecast period of 2019 to 2024.

Segmentation:

On the basis of aircraft type, the market has been segmented into narrow-body and wide-body.

Based on composite type, the market has been divided into carbon fiber composite, glass fiber composite, and others. The glass fiber composite segment dominated the market in 2018.

By process, the market has been classified as sandwich construction, compression molding, and others.

By process, the market has been classified as sandwich construction, compression molding, and others.

Based on application, the market has been categorized as floor panels, sidewall panels, ceiling panels, stowage bins, galleys, lavatories, seating, ducts, and others. The seating segment dominated the market in 2018 and is expected to be the fastest growing during the forecast period.

Key Players:

The key players in the global cabin interior composites market are Aim Altitude (UK), Collins Aerospace, Inc. (US), Diehl Stiftung & Co. KG (Germany), FACC AG (Austria), JAMCO Corporation (Japan), The Gill Corporation (US), The Nordam Group LLC (US), Triumph Group (US), Safran (France), and BASF Corporation (Germany).

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