Aerospace Plastic Market Size, Share & Industry Analysis, By Polymer Type (PEEK, PMMA, PC, PPS, ABS, Others), By Air Craft Type (Commercial, Business & General, Rotary, Military), By Application (Windshield, Cabin Windows, Cabin Lighting, Overhead Storage Bin, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Aerospace plastics is a type of lightweight plastic with exceptional acoustic, chemical and thermal resistance and are used in aircrafts. These plastic have high mechanical strength, heat and radiation resistance, specific strength, better processing and low maintenance. Weight reduction is one of the major factors considered in aircraft engineering. Use of aerospace plastic allows optimization of total weight further enhancing the performance of the aircraft.
Aircrafts are designed cautiously with weight and balance system. Proper distribution of weight and high mechanical strength is required to ensure easy and safe flight. Increasing demand for aerospace plastic which are lighter in weight but bear high strength is expected to drive the market. Additionally, aircrafts are exposed to various factors like harsh weather, heat and UV radiations, turbulence and others. plastic have superior resistant properties towards chemicals, radiations, heat and corrosion. This is anticipated to positively impact the demand for aerospace plastic further driving market growth.
However, these advanced engineered plastics involve reinforcement of fibers. High cost associated with production of these plastics is expected to hinder market growth.
Key Market Driver -
Increasing demand for lightweight material.
Key Market Restraint -
High production cost
Market Segmentation:
Based on polymer type, market is segmented into PEEK, PMMA, PC, PPS, ABS, and others. Based on air craft type commercial, business & general, rotary, and military. Based on application, market is segmented into windshield, cabin windows, cabin lighting, overhead storage bins, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global aerospace plastic market consists of global & regional players operating. Some of the key players in the market include BASF, SABIC, 3P – Performance Plastics Products, Vantage Plane Plastics, Evonik Industries, Drake Plastic, Solvay, Paco Plastics, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Aerospace Plastic Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market. Presence of large manufacturing base aircrafts shall drive the local market. Asia Pacific is expected to hold significant share attributed to the large manufacturing base for polymers and plastics. Europe is anticipated to show significant growth owing to the dominance in commercial air flight segment. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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Segmentation
ATTRIBUTE | DETAILS |
By Polymer Type |
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By Air Craft Type |
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By Application |
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By Geography |
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Aerospace Plastic Industry Developments
- In November 2020, manufacturer of advanced materials Solvay renewed its agreement of plastic composites material supply with Boeing, a well-known aircraft manufacturing company.
- In March 2018, Evonik set up a new plant for PMMA aviation. The company has put the polishing and stretching plant for aviation materials into operation in Germany.
- Ongoing
- 2023
- 2019-2022
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