Global Aerospace Plastics Market, By Material Type (Polyetheretherketone (PEEK), Polyphenyl Sulfide (PPS), Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Polymethyl Methacrylate (PMMA), Others), Aircraft Type (Commercial Aircraft, General and Business Aircraft, Military Aircraft, Rotary Aircraft, Others), Fit (Line Fit, Retrofit), Application (Cabin Interiors, Window and Windshields, Airframe, Propulsion System, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Aerospace plastics market is expected to grow at a compound annual growth rate of 5.77% for the forecast period of 2021 to 2028. Data Bridge Market Research report on aerospace plastics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Aerospace plastics are very light in weight and are high-performance plastics for thermal, acoustic and chemical resistance in aircraft. Lightweight and good potency are key advantages sustaining material usage in new advanced passenger aircrafts such as A350 XWB and A320neo family among others.
The rapidly increasing demand for lightweight and more proficient aircraft has highly influenced growth of the aerospace plastics market. In line with this, the substitution of old aircraft and modernization of existing aircraft along with growing demand of passenger aircrafts in emerging regions are also acting as a key determinant favoring the growth of the aerospace plastics market over the forecast period of 2021 to 2028. Also the, mounting demand for low cost carriers and rising aircraft deliveries and air passenger traffic are also positively impacting the growth of the aerospace plastics market. The major factor accountable for the growth of the market is the rising demand for business jets and helicopters. Beside this, the rising demand for regional and commercial aircrafts as well as strong presence of a large number of aerospace parts manufacturing facilities is also flourishing the growth of the aerospace plastics market.
However, the dearth of standardization in manufacturing technologies as well as limited range of material options and trained personnel may act as key restraint towards aerospace plastics market growth rate in the forecast period of 2021 to 2028, whereas the high Maintenance, repair cost and overhaul services have the potential to challenge the growth of the aerospace plastics market in the above mentioned forecast period.
Furthermore, the increasing demand for commercial aircraft, strong presence of aircraft manufacturers as well as the rapid influence of low-cost airlines will further offer a variety of growth opportunities for the aerospace plastics market in the above mentioned forecast period.
This aerospace plastics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on aerospace plastics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aerospace Plastics Market Scope and Market Size
Aerospace plastics market is segmented on the basis of material type, aircraft type, fit and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material type, the aerospace plastics market is segmented into polyetheretherketone (PEEK), polyphenyl sulfide (PPS), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polymethyl methacrylate (PMMA) and others.
- On the basis of aircraft type, the aerospace plastics market is segmented into commercial aircraft, general and business aircraft, military aircraft, rotary aircraft and others.
- Based on fit, the aerospace plastics market is segmented into line fit and retrofit.
- The application segment for aerospace plastics market is segmented into cabin interiors, window and windshields, airframe, propulsion system and others.
Aerospace Plastics Market Country Level Analysis
Aerospace plastics market is analyzed and market size, volume information is provided by country, material type, aircraft type, fit and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the aerospace plastics market because of the high demand for fuel-efficient aircrafts and insists on to modifying or replacing the existing unproductive airplanes with fuel-efficient aircraft in this particular region. Asia-Pacific is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to presence of multiple aircraft manufacturers and political instability which is expected to drive the demand for new helicopters within this particular region.
The country section of the aerospace plastics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aerospace Plastics Market Share Analysis
Aerospace plastics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aerospace plastics market.
The major players covered in the aerospace plastics market report are 3P Performance Plastics Products, AIP, BASF SE, Curbell Plastics, Inc., Drake Plastics, Ensinger, EPTAM Precision Plastics, Evonik Industries AG, Mitsubishi Chemical Advanced Materials group of companies, Paco Plastics, Inc., Mulford, DuPont, PPG Industries, Inc., Saint- Gobain, KAMAN CORPORATION, Hexcel Corporation, Solvay, Performance Plastics LTD, Polyfluor Plastics bv and SABIC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.