Global Aerospace Plastics Market, By Type (PEEK, PMMA, PC, PPS, ABS), By Application (Airframe, Flig

Published Date: | Report Code : MT1917548

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Aerospace Plastics Market are high-performance plastics used in different applications in aircraft to reduce the overall weight and improve fuel efficiency. Aerospace plastics are different than normal plastics in a number of ways, including stability in extreme temperatures and pressure, high dielectric strength, flame resistance, mechanical stability, and others. While plastics are generally utilized in flying machines and safeguard aircraft segments from any damage for a considerable time, these new materials are being used for the assembly of more segments and parts for better speed, quality, and usefulness of airplanes and barrier gear. New composites are adaptable to withstand continued vibration, inflexibility, and are sufficiently able to help structures. These plastics offer longer shelf life, fuel economy, and compact designs making them critical material in aircraft manufacturing, along with metals. Their major advantage over metals includes lower manufacturing costs and time.

These materials are essentially used to make the fundamental body of the air ship and composites; for example, CFRP (Carbon Fiber Reinforced Plastics) is required for resistance against vibrations and mechanical stability. Major factors driving the aerospace plastics market includes growth of the airline sector in developing regions, continuous innovations with respect to aircraft designs, etc. Major consumers of aircraft plastics include aircraft manufacturers such as Airbus, Boeing, Lockheed Martin, Dassault Aviation, Bombardier, Embraer, Gulfstream Aerospace, and others. Increasing defense expenditure of countries to strengthen air defense systems is expected to drive the aerospace plastics market.

Key Factors Impacting Market Growth:

  • High growth of commercial airline sector in developing regions
  • Growing government expenditure to strengthen air defense
  • Technological developments in aircraft manufacturing

Regional Analysis:

The aerospace plastics market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the aerospace plastics market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include airframe, flight deck & cockpit, cabin areas, wings & rotor blade, and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for the aerospace plastics market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.

Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Aerospace, Commercial freighter aircraft, rotary aircraft, general aviation, and military aircraft are some of the major industries in the region with strong potential for the aerospace plastics market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of key markets with demand from aerospace, Commercial freighter aircraft, rotary aircraft, general aviation, and military aircraft.

Companies Covered: Hexcel, Mitsubishi Heavy Industries, Cytec Industries, Ensinger, HITCO Carbon Composites, Kaman Corp, and Composite Holding Comp…

Market Segmentation:

By Type:

  • Polyetheretherketone (PEEK)
  • Polyphenyl Sulfide (PPS)
  • Polycarbonate (PC)
  • Polymethyl Methacrylate (PMMA)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Others

By Application:

  • Airframe
  • Flight Deck & Cockpit
  • Cabin Areas
  • Wings & Rotor Blades
  • Others

By End User:

  • Commercial Freighter Aircraft
  • Rotary Aircraft
  • General Aviation
  • Military Aircraft

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application
    • By End User

Reasons To Buy This Report:

  • Market size estimation of the aerospace plastics market on regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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