February 17, 2020
As per the report titled ‘Aerospace Plastics Market Size By Aircraft (Commercial Aircraft [Narrow Body, Wide Body], Regional Jet, Business Jet, Helicopter, Military Aircraft), By Application (Cabin Interiors, Window & Windshields, Airframe, Propulsion System), By Fit (Line Fit, Retrofit), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’ available with Market Study Report LLC, the global aerospace plastics market is projected to witness a strong growth rate during 2019-2025.
Increasing demand for aerospace plastics to reduce weight and increase operational efficiency of aircrafts is driving the growth of aerospace plastics market. These plastics are extensively used to manufacture both external and internal structures of new generation aircrafts. Rising demand for new aircrafts owing to increasing air passenger traffic, along with growing air travel & tourism industry is further stimulating the market growth.
Aerospace plastics offer high corrosion resistance and superior strength to weight ratio. This factor coupled with growing use of advanced plastics such as polymethyl methacrylate (PMMA) in manufacturing airplane windows will boost the product demand over the forecast period. PMMA prevents optical distortion, have high surface quality, and can be easily shaped into complex structures, which is encouraging the demand for customized PMMA sheets, thereby impelling the market expansion.
Based on the aircraft type, commercial aircraft segment is projected to hold majority market share over the analysis period. Rising demand for better fuel economy and lighter aircrafts is driving the segment growth. Implementation of thermoplastics such as POM-H, POM-C, PTFE, and PA66 in commercial aircraft components will further augment the business outlook in the coming years.
Speaking of the application scope, aerospace plastics market from cabin interiors segment is anticipated to witness substantial growth over the analysis period, owing to the extensive use of high-performance plastics for improved passenger experience. These plastics add to the aesthetics of the cabin interior without incurring extra cost. Moreover, these products provide high impact strength and meet the strict FAA standards.
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By fit, line fit segment presently holds a significant share of aerospace plastics market. The segment growth can be attributed to the emergence of several aerospace service providers, along with rising number of aircrafts deliveries across the world.
Considering the geographical outlook, Europe aerospace plastics market is witnessing a steady growth owing to the existence of an established plastic industry. Additionally, increasing demand for lightweight materials for aircraft manufacturing is boosting the regional growth.
The key players of aerospace plastics market are Victrex, BASF Corporation, Solvay, Saint Gobain, Performance Plastic Ltd., Ensinger Plastics, EPTAM Precision Plastics, and AIP among others.
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