Global Aerospace Plastics Market

Posted by Onkar Nimbalkar on August 9th, 2019

Global Aerospace Plastics Market was valued at US$ 15.6Bn in 2017 and is expected to reach US$ 25.7Bn by 2026, at a CAGR of 6.44% during a forecast period.

The development of the global aerospace plastics market can be attributed to the growing demand for lightweight and more efficient aircraft, increasing passenger transportation because of affordable carriers in emerging regions, replacement of old aircraft and modernization of existing aircrafts, and development of the aviation industry in developing economies.

Based onpolymer typesegment,Polymethyl methacrylate, also known as acrylic or acrylic glass, is a transparent thermoplastic. It is also known trade names Crylux, Plexiglas, Acrylite, Lucite, and Perspex. Polymethyl methacrylate is an economical alternative to polycarbonate. In the aerospace industry, it is widely used in manufacturing the canopies of aircraft. For military aircraft, polymethyl methacrylate is used as an alternative for glass to manufacture airplane windows.Polymethyl methacrylate is also used in aircraft cockpits, portholes, windshields, and exterior lighting. It is also used in helicopter windscreens. On the basis of application segment,the cabin windows & windshields segment is projected to hold the largest share during forecasting period.

Cabin windows help in equalizing the cabin pressure with the outside atmospheric pressure that is exerted during a flight. Companies are expanding their presence across different regions to fulfill the augmenting demands of the local aircraft component manufacturers. Toho tenax has established new administrative office in Singapore with an objective to expand its business in the growing Asia Pacific market. Toray Carbon Fibers has recognized a new resin compounding base in Indonesia. This mastic compounding base was first of its kind by a performance plastic manufacturer in Indonesia. Hexcel announced apostponement to its prepregs plant in Spain to double its capacity.In terms of region,North America is the main revenue generating region in the global aerospace plastics market.

The increasing volume of unstructured data across many businesses and rapid technological progressions have led to an improved request for the secure, reliable, and cost-efficient storing organization in North America. North America, being the first adopter of progressive data storage technologies, captures the largest share of the global Aerospace Plastics market. The report offers a complete estimation of the market. It prepares so via detailed qualitative insights, historical data, and verifiable projections about market size. The estimates featured in the report have been derived using proven research organizations and expectations. By responsibility so, the research report serves as a repository of analysis and information for every facet of the market. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.

The report also helps in understanding Aerospace Plastics dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Laboratory Proficiency Testing.

Scope of Global Aerospace Plastics Market

Global Aerospace Plastics Market, by Polymer Type

• Polyetheretherketone • Polycarbonate • Polyphenyl Sulfide • Acrylonitrile Butadiene Styrene • Polymethyl Methacrylate • Others

Global Aerospace Plastics Market, by Aircraft Type

• Commercial Aircraft • General & Business Aircraft • Military Aircraft • Rotary Aircraft • Others

Global Aerospace Plastics Market, by Application

• Cabin Windows and Windshields • Cabin Lighting • Overhead Storage Bins • Aircraft Panels • Aircraft Canopy • Others

Global Aerospace Plastics Market, by Region

• North America • Europe • Asia Pacific • Middle East & Africa • South America

Key Players Operating in Global Aerospace Plastics Market

• Sabic • Victrex • Drake Plastics Ltd • Solvay • BASF SE • Evonik Industries AG • Vantage Plane Plastics • Quadrant Engineering Plastics • PACO Plastics & Engineering Inc. • 3P - Performance Plastics Products • Polyflour Plastics • Big Bear Plastics • Grafix Plastics • Loar Group • Zeus • Curbell Plastics • Ensinger GmbH

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