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Continuous Fiber Composites for Aerospace Market Share, 2018-2023

The continuous fiber composites market has a moderate threat of substitutes which would further decrease in the coming years. Owing to the expensive nature of composites, along with better manufacturing facilities to enable mass production of composites, the price is expected to come down in the coming years, which poses a major threat of substitute. Thermoplastics have reusability and faster processing capabilities while carbon fibers have excellent mechanical properties and are extremely lightweight at the same time. The high cost of these materials is the only restricting factor for their markets currently, thus, as the prices go down the market for these composites will bloom.

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