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Aerospace Plastic Market Research Report, Demand, Industry Analysis, Share, Growth, Applications, Types and Forecasts Report 2028

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aerospace plastic market size reached USD 17.93 Billion in 2020 and is expected to register a revenue CAGR of 7.7%, during the forecast period, according to latest analysis by Emergen Research. Increasing demand for lightweight and more fuel-efficient aircraft, as well as rising focus on providing better safety to passengers are some of the major factors driving global aerospace plastic market revenue growth.  

Rising demand for thermoplastic for lightweight applications in aerospace industries is expected to boost market growth as plastics are widely used for interior applications, avionics sensor plates, electronic component mounting brackets, and ventilation impeller blades due to lightweight as well as good electrical insulation and heat resistance properties. Plastics like PEEK can be adopted to replace metal fasteners and screws, and no changes are required in the overall design of existing parts, thereby allowing for direct replacement of OEM components. Reinforced thermoplastics have considerably changed the design and construction of many types of aircraft, making these more lightweight, which leads to better performance and improved fuel efficiency. Plastics like acrylonitrile butadiene styrene, polyetheretherketone, and polyphenylene sulphide are finding a wide range of applications in the aerospace industry.

The report takes a closer look at the historical and current market scenarios to accurately predict the global Aerospace Plastic market outlook over the forecast duration (2021-2028). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Aerospace Plastic market.

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 Competitive Outlook:

The global Aerospace Plastic market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Aerospace Plastic market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Some of the key participants in this industry include:

  • DuPont de Nemours, Inc., Hexcel Corporation, Premium AEROTEC GmbH, Solvay S.A., PPG Industries, Inc., Evonik Industries AG, BASF SE, Curbell Plastics, Inc., Drake Plastics Ltd., and Saudi Basic Industries Corporation.

Emergen Research has segmented the global aerospace plastic market on the basis of material type, applications, aircraft types, and region:

    Material Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

  • Polymethyl Methacrylate (PMMA)
  • Polyether Ether Ketone (PEEK)
  • Polychlorotrifluoroethylene (PCTFE)
  • Thermosetting Polyimide
  • Polyamide-imide (PAI)

    Applications Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

  • Aerostructure
  • Cabin Interiors
  • Construction And Insulation Components
  • Propulsion Systems
  • Windshields
  • Aircraft Panels
  • Satellites

    Aircraft Types Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

  • Commercial Aircraft
  • Military Aircraft
  • Cargo Aircraft
  • Rotorcrafts
  • Spaceships
  • General Aviation

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Market Drivers:

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

Valuable Market Insights:

  • The report highlights the latest trends observed in the consumption pattern of each regional segment.
  • Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
  • The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Aerospace Plastic market.
  • The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

 Questions addressed in the report:

  • What is the estimated market growth rate throughout the forecast period?
  • Which end-use industry is expected to witness the highest demand for Aerospace Plastic in the near future?
  • What is the regulatory framework governing the application of Aerospace Plastic in the food industry?
  • Which manufacturing processes are utilized for the production of Aerospace Plastic?

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Thank you for reading our report. Customization of this report is available in chapter-wise or region-wise sections. Kindly get in touch with us to know more about the report, and our team will provide excellent assistance.

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