Global Aerospace Plastics Market Will Reach at a Highest CAGR of 5.27% by 2026

Posted by ojasdbmr on November 19th, 2019

Global Aerospace Plastics Market is estimated to grow with a stable CAGR of 5.27% in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018.

High performance engineering plastics due to their light weight are best fit for the aerospace industries. Using plastics in aircraft also improves the fuel efficiency. Plastics are used in the interior and exterior part of the aircrafts. Plastics such as acrylonitrile butadiene styrene, polyetheretherketone and polyphenylene sulphide are used in many applications. In air ducts, cabin partitions, floor plans, luggage bins, sensors etc. uses plastic as a material. Due to high strength and durability, plastics are used in the aerospace industry.

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Competitive Analysis: Global Aerospace Plastics Market

Global aerospace plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aerospace plastics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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.

Segmentation: Global Aerospace Plastics Market

• By Application (Aerostructure, Components, Equipment, systems & supports, Cabin Interiors, Propulsion Systems, Satellites, Construction and insulation components)
• By End- Use (Commercial & Freighter Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

• They are lighter in weight than other material which is the major factor for the growth for this market.
• To replace metal fasteners and screw, heat resistant and non-corrosive plastics are used.

Market Restraints:

• They are high in cost.
• During curing constant pressure is required which can cause mechanical stress.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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