Aerospace Plastics Market By 2026 – Growth Drivers & Geographic Analysis

By Ronak Bora

The aerospace plastics market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.
The aerospace plastics market is projected to foresee tremendous growth over the coming years due to the increasing number of domestic as well as international air transports across developing economies. In addition, an upsurge in the demand for innovative, advanced lightweight aircrafts is also likely to positively impel the market share by the end of the analysis timeframe.
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With respect to aircraft, the adoption of advanced and innovative technologies in regional jets is resulting in lower maintenance costs and complementing the industry growth. In fact, the segment is projected to witness a healthy expansion rate of more than 7.5% by the end of the forecast timeframe. Citing an instance, in August 2016, Victrex delivered a series of high thermoplastics, Victrex PEAK to COMAC Ltd., (Commercial Aircraft Corporation of China). The new Victrex PEAK thermoplastics effectively helped the production of highly efficient aircraft floor brackets for COMAC’s ARJ21 regional jets.
In terms of application, the propulsion systems segment is expected to witness more than 9.5% growth rate by the end of the forecast timeframe. This growth can be attributed to the rising adoption of materials for greater sliding properties and better thermal resistance. These materials are essentially more lightweight as compared to other alternatives in the industry. In fact, the product has 1/6th the density of steel, making it much more lighter as well as suitable for such applications. Moreover, the product’s dielectric and electric properties and higher resistance against short peak temperature would augment its use within propulsion systems further.
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On a regional forefront, the APAC aerospace plastics market is slated to witness momentous growth owing to the increasing air passenger traffic in the region. In fact, according to estimates the regional market is projected to generate approximately $12 million in terms of revenue by the end of 2026. Airlines operating in the region are increasingly focusing on growing the size of their respective fleet sizes in order to accommodate the increasing passenger numbers. Taking September 2018 for instance, 100 A330-900neo aircraft were ordered by Air Asia, scheduled for delivery between 2020 and 2028. In addition, an upsurge in the number of local repair centers should also drive commendable growth into the APAC market. Citing an instance, in March 2017, GE Aviation opened a new repair technology development center for overhaul and maintenance service activities.
The competitive landscape of the global aerospace plastics market is inclusive of players such as Mitsubishi Chemical Advanced Materials, Ensinger, Evonik Industries AG, EPTAM Precision Plastics, Drake Plastics Ltd. Co., 3-P Performance Plastics Products, Curbell Plastics Inc., BASF, and Paco Plastics & Engineering among others.
Major Key Points from Table of Content:
Chapter 5.    Aerospace Plastics Market, By Application
5.1.    Aerospace plastics market share by application, 2019 & 2026
5.2.    Cabin interiors
5.2.1. Global market estimates and forecasts, 2016 – 2026
5.2.2. Market estimates and forecast, by region, 2016 – 2026
5.3.    Windows & windshields
5.3.1. Global market estimates and forecasts, 2016 – 2026
5.3.2. Market estimates and forecast, by region, 2016 – 2026
5.4.    Airframe
5.4.1. Global market estimates and forecasts, 2016 – 2026
5.4.2. Market estimates and forecast, by region, 2016 – 2026
5.5.    Propulsion system
5.5.1. Global market estimates and forecasts, 2016 – 2026
5.5.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 6.    Aerospace Plastics Market, By Fit
6.1.    Market share by fit, 2019 & 2026
6.2.    Line fit
6.2.1. Global market estimates and forecasts, 2016 – 2026
6.2.2. Market estimates and forecast, by region, 2016 – 2026
6.3.    Retrofit
6.3.1. Global market estimates and forecasts, 2016 – 2026
6.3.2. Market estimates and forecast, by region, 2016 – 2026
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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