According to Data Bridge Market Research new Market report, global aerospace plastics market will be growing at a CAGR of 5.27% during the forecast period of 2019 to 2026.
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Global Aerospace Plastics Market
As plastics are light weight as compared to the other industrial materials, they are suitable for the aerospace industry. They have excellent flame, smoke and toxicity characteristics and can handle 400 °F of temperature. To provide passenger comfortability and improve reliability of mission-critical components, many aerospace companies use lightweight plastics. Plastics such as acrylonitrile butadiene styrene, polyetheretherketone and polyphenylene sulphide are used in many applications. They are mainly used in air ducts, cabin partitions, floor plans, luggage bins, sensors etc.
Global aerospace plastics market is segmented on the basis of applications, end- use and geography.
By Application (Aerostructure, Components, Equipment, systems & supports, Cabin Interiors, Propulsion Systems, Satellites, Construction and insulation components), End- Use (Commercial & Freighter Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN AEROSPACE PLASTICS MARKET
Few of the major competitors currently working in aerospace plastics market Hyosung Corporation, Mitsubishi Heavy Industries, Ltd., Kaman Corporation, Hexcel, Holding Compony Composite, Solvay, HITCO Carbon Companies, Inc., DuPont, PPG Industries, Inc., Saint- Gobain S.A., Vantage Plane Plastics, Tejin Carbon Europe GmbH, Paco Plastics, Inc., Mulford.
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Global Aerospace Plastics Market– Industry Trends and Forecast to 2026