Market News Market Size and Development Trend of Aero Composites Industry in China in 2018
Currently, the use of composite materials in various areas is relatively high and the total volume of composite materials is increasing. The aerospace industry has become the focus of product application in recent years and its market size has increased.
As reported by the data in Analysis Report of China's Aviation Materials Industry Production and Marketing and Investment Demand Forecast published by Qianzhan Industry Research Institute, in 2010-2017, the Chinese aerospace composites market scale rised year by year, the 2010 China aerospace composites market scale has reached 2.595 billion yuan and the volume reached 5.35 billion yuan in 2017 with a year-on-year growth of 7 %. It is preliminarily estimated that the size of China's aerospace composite material market in 2018 reaches 5.934 billion yuan with a year-on-year growth of 10.92 %.
According to the subdivided products, there are two main types of composite materials applied in the aerospace field, namely carbon fiber composite materials and glass fiber composite materials. As a kind of high-performance fiber, carbon fiber composite material has been widely used in equipment, aerospace and other fields. However, due to the influence of domestic carbon fiber composite material technology and product quality, the application scale of carbon fiber composite material in domestic aerospace field is generally not high. In 2017, the market size of carbon fiber composites in the aerospace sector was about 156 million yuan. Compared with that, the market size of China's glass fiber composite materials in the aerospace sector is significantly higher. In 2017, the market volume reached 1.525 billion yuan account for 14.2 % and this proportion is still increasing.
Based on the current development status, the future aviation composite industry will present the following trends:
China will need to add 6,010 aircraft over the next 20 years, the increase in the number of aircraft will boost demand for aerospace composites, and the aerospace composites industry will enter a new phase of development.
Secondly, in order to meet the development of high-performance aerospace spacecraft, the research and development of new performance, high quality composite materials will be further accelerated. At the same time, the new concept of composite material technology will be further developed, such as nanoscale composite technology, high functionality and versatility, structural/functional integration, intelligent structure, etc., will become an important research content of composite materials.
Finally, intelligent development is necessary. Intelligent composite materials and structures can not only bear loads but also perceive the changes of internal and external environment which also can respond to changes in their physical properties or shapes to achieve self-diagnosis, self-adaptation, self-repair and other functions. Therefore, they have broad application prospects in the field of aerospace products in the future.