Plastic is a major component in the aerospace industry. They reduce the weight of the aircraft and improve fuel efficiency. Components for propulsion and navigational functions, structural elements and interior components are all made out of plastic. Plastics weigh less than metal; they do not rust; are easy to fabricate; there are many plastic materials that are fully flame, smoke, toxicity, and heat release compliant; and also offer a broad range of design flexibility in terms of color, texture, and pattern. Plastic parts can last longer and require less maintenance than other materials. One of the primary reasons for using plastic in aerospace industry is the drive to eliminate weight from the plane, which improves cost by reducing fuel consumption. These are some of the factors which boost the growth of the market.
Global Aerospace Plastics Market: Key Players
The research study includes profiles of leading companies operating in the global aerospace plastics market. Key players profiled in the report include: PPG Industries, DuPont, Mitsubishi Chemical Advanced Materials, Röchling, Sabic, Saint-Gobain, Solvay, Victrex plc., Drake Plastics, Ensinger, and Curbell Plastics. In September 2018, Victrex partnered with University of Exeter (UK) to introduce next-generation PAEK polymers and composites for additive manufacturing to be used in aerospace industry. This partnership became gave an opportunity for both parties to develop a broader platform for new and current additive manufacturing technologies.
Drivers for the Global Aerospace Plastics Market:
The increased demand for the number of aircraft manufactured is one of the major factors which propel the growth of the market for the estimated forecasts period. Furthermore, increased need for the high performance and lightweight components is a key factor which boosts the growth of the market in the estimated forecasts period.
Opportunities for the Global Aerospace Plastics Market:
Some of the factors such as increasing demand for the commercial aircraft also propel the growth of the market. In addition, introduction of low costs airlines is also likely to boost the growth of the market for the estimated forecasts period.
Restrains for the Global Aerospace Plastics Market:
Some of the factors such as lack of standardization in manufacturing technologies and trained personnel hinder the growth of the market for the estimated forecasts period. Moreover, high costs of the maintenance repair and overhaul services are some of the major attributes which hampers the growth of the market.
Region Wise, Global Aerospace Plastics Market Analysis:
North America anticipated having the largest share in the market. This can be attributed to the presence of key players of the market in the region and rise in commercial flights owing to increase in tourism. Moreover, the demand for aerospace plastics market has surged owing to the large concentration of aerospace OEMs and related components manufacturer in the region.
Global Aerospace Plastics Market: Product Analysis
- Acrylonitrile Butadiene Styrene
- Poly Methyl Methacrylate
- Polyether Ether Ketone
- Polyphenylene Sulfide
Global Aerospace Plastics Market: Application analysis
- Cabin Interior
- Windows & Windshield
- Propulsion System
Global Aerospace Plastics Market: Region Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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