Global Aerospace Plastics Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

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.

Segmentation: Global Aerospace Plastics Market

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

Recent Developments:

  • In April 2018, BASF 3D printing announced the launch of their new material Additive Manufacturing Users Group (AMUG) Conference in collaboration with Essentium Materials is building a global distribution network for plastic filaments. They will use high quality and high-performance materials for fused filament fabrication printing technology. The main aim is to meet the customer needs in automotive, aerospace, consumer goods, medical and dental technology.
  • In August 2018, Solvay, Premium AEROTEC and Faurecia Clean Mobility announced the launch of their IRG CosiMo (Industry Research Group: Composites for Sustainable Mobility) which will focus on development of materials and process technologies that will enable the high volume production of thermoplastic composites for both the Aerospace and Automotive markets. The aim is to wider range of thermoplastics material and processes.

Key Market Competitors: Global 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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