DUBLIN, Feb. 25, 2020 /PRNewswire/ — The “Aerospace Plastics Market, Type of Aircraft and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026” report has been added to ResearchAndMarkets.com’s offering.

According to the report, the market accounted for revenues of $744 million in 2018 and is anticipated to generate $1,133 million by 2026. The market is projected to experience growth at a CAGR of 5.4% from 2019 to 2026.

Aerospace manufacturers have been shifting to plastics and replacing conventional metals. Furthermore, polymers such as PEEK, PMMA, PC, PPS, and ABS are used in aircraft parts such as airframes, interiors, engine components, propulsion systems, mirrors, and ceilings. Modern plastics also have a greater ability to resist high-altitude UV radiation than many traditional materials

The aerospace plastics market growth is driven by the rising aviation sector, substitute for aluminum and steel, and easy adoption in aircraft design. Moreover, the most important factor that boosts the aerospace plastics market growth includes rise in fuel costs and the accompanying incentives to make aircraft more efficient. However, high cost of fabrication and a limited range of material options are hampering the market. Meanwhile, technological advancement in bio-based plastics is expected to boost demand significantly.

The aerospace plastics market is segmented on the basis of material type, type of aircraft, application, and region.

• Based on material type, it is segmented into PEEK, PMMA, PC, ABS, PPS, and others. Acrylonitrile butadiene styrene (ABS) has the highest market share mainly used in interior parts, owing to its beneficial characteristics such as excellent mechanical strength, durability, lightweight, cost-effective, ease in installation, and others.
• Type of aircraft segment is divided into commercial, military, rotorcraft, and space from which the commercial segment has garnered a dominant share in 2018 and is anticipated to maintain its dominance during the forecast period.
• Application segment is divided into cabin interior, windows & windshield, airframe, and propulsion system from which the cabin interior segment has gained the highest market share in 2018, and is expected to maintain its dominance during the forecast period.
• Based on region, the aerospace plastics market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). Europe has garnered dominant market share in 2018. This is attributed to numerous factors such as presence of key players of the market in the region and rise in commercial flights, owing to increase in tourism.

The key players operating in the aerospace plastics market include PPG Industries, DuPont, Mitsubishi Chemical Advanced Materials, Rochling, Sabic, SAINT-GOBAIN, Solvay, Victrex plc., Drake Plastics, and Ensinger. The key players adopted several strategies such as new product launch, agreement, acquisition, and expansion to sustain the intense competition in the market.

Other players in the value chain include Curbell Plastics, Zeus, Loar Group Polyflour Plastics, 3P – Performance Plastics Products, Grafix Plastics, PACO Plastics & Engineering Inc., and others.

Key Findings

• France is projected to grow at the highest CAGR of approximately 6.6%, in terms of revenue, during the forecast period.
• By type of aircraft, the commercial segment is anticipated to grow with CAGR 6%, in terms of revenue, during the forecast period.
• The U.S. and China dominated the market with a revenue share of over 20.8% and 4.8% in 2018.

Key Topics Covered

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter’s Five Forces Analysis
3.4. Market Share Analysis/Top Player Positioning, 2018
3.4.1. Top Player Positioning, 2018
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Demand for Light Weight Components
3.5.1.2. High-Performance Properties
3.5.2. Restraints
3.5.2.1. High Fabrication Costs
3.5.3. Opportunities
3.5.3.1. Bio-Based Plastics

Chapter 4: Aerospace Plastics Market, By Material
4.1. Overview
4.2. Polyether Ether Ketone (PEEK)
4.3. Poly Methyl Methacrylate (PMMA)
4.4. Acrylonitrile Butadiene Styrene (ABS)
4.5. Poly Carbonate (PC)
4.6. Polyphenylene Sulfide (PPS)
4.7. Others

Chapter 5: Aerospace Plastics Market, By Type of Aircraft
5.1. Overview
5.2. Commercial
5.3. Military
5.4. Rotorcraft
5.5. Space

Chapter 6: Aerospace Plastics Market, By Application
6.1. Overview
6.2. Cabin Interior
6.3. Windows & Windshields
6.4. Airframe
6.5. Propulsion System

Chapter 7: Aerospace Plastics Market, By Region
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA

Chapter 8: Company Profiles
8.1. Saint Gobain S.A.
8.2. Victrex PLC
8.3. DuPont
8.4. Solvay S.A.
8.5. Sabic
8.6. Rochling
8.7. Mitsubishi Chemical Holdings
8.8. PPG Industries Inc.
8.9. Drake Plastics
8.10. Ensinger Gmbh

For more information about this report visit https://www.researchandmarkets.com/r/1z728p

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