Global Aerospace Plastics Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global aerospace plastics market in its upcoming report titled, “Global Aerospace Plastics Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global aerospace plastics market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The aerospace plastics market report has been segmented on the basis of product, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Engineering plastics are used in industries such as automotive, aerospace, packaging, electrical and electronics, and consumer goods owing to their benefits like lightweight, abrasion resistance, high impact strength, and high-temperature resistance. Utilization of plastics in aircraft help in reducing the weight of craft and lower the maintenance issues.
On the basis of application, the aircraft frame segment is expected to hold major revenue share in the global aerospace plastics market. Aircraft frame contains carbon fiber reinforced fiber and composites that reduce the weight of the frame by 20%. Properties of polymers such as chemical resistance and high stiffness are expected to support revenue growth of this segment over the forecast period.
On the basis of end-use, the commercial aircraft segment is expected to hold a major revenue share in the global target market and is expected to maintain dominance for the next ten years. Growing demand for penetration of air transportation is expected to support revenue growth of this segment over the forecast period.
North America market is estimated to hold major revenue share in the global aerospace plastics market and is expected to maintain its dominance over the forecast period. Rising demand for fuel-efficient aircraft owing to rising fuel prices is expected to drive North America aerospace plastics market over the forecast period. Growing R&D activities by leading manufacturers in the region are expected to support revenue growth of the aerospace plastics market in North America. Moreover, the presence of leading aircraft manufacturers such as The Boeing Company, Bombardier Inc., Cessna Aircraft Company, and others is expected to fuel revenue growth of target market in the region. North America accounts for the major revenue share contribution of the global market, followed by markets in Europe, Asia Pacific, Latin America, and the Middle East & Africa respectively.
Market segmentation and key players operating in the global aerospace plastics market:
- Aircraft frame
- Cabin interiors
- Wings and rotor blades
- Others (airframe, fuselage, tooling board, tooling board, and empennage)
- Commercial aircrafts
- Military aircrafts
- Rotary aircrafts
- General aviation
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- General Plastics Manufacturing Company
- Hyosung Corporation
- Saudi Basic Industries Corporation
- Premium Aerotec GmbH
- ZOLTEK Corporation
- Teijin Carbon Europe GmbH
- Paco Plastics & Engineering, Inc.
- Vantage Plane Plastics
- Cytec Industries Inc.
- SGL Carbon SE
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