Aerospace Plastics Market By Applications (Empennage, Airframe & Fuselage, Cabin Areas, Wings & Rotor Blades, Flight Deck & Cockpit), By End-Use (Commercial & Freighter Aircrafts, Military Aircrafts, Rotary Aircrafts and General Aviation) - Growth, Future Prospects & Competitive Analysis, and Forecast 2016 – 2023

Growing demand for lightweight materials in the aviation industry has led to high demand aerospace plastics in the market. The lightweight of plastics have attracted manufacturers of the various end-user industries in the market. Lightweight plastics reduce fuel consumption, corrosion resistant and can be fabricated economically. These properties of lightweight plastics have created strong demand in the market for various applications in the aviation, marine, chemical and many other end-user industries. Aircrafts and its parts are made using heavy metals and aluminum. This leads to high fuel consumption and cannot be fabricated and designed as per requirement due to its strong and hard nature of material. Hence, lightweight materials are now preferred over heavy metals and steel and aluminum in various end-user industries. The aviation industry has led to high growth of global aerospace plastics market. The major applications of aerospace plastics in the aviation industry include empennage, airframe & fuselage, cabin areas, wings & rotor blades and flight desk & cockpit. Among these airframe & fuselage accounted for major share of global aerospace plastics market in 2015 and is expected to retain its position in the near future. Other applications of aerospace plastics are also projected to boost high growth of global aerospace plastics market. The end-use of aerospace plastics includes commercial & freighter aircrafts, military aircrafts, rotary aircrafts and general aviation. Commercial & freighter aircrafts dominated the global aerospace plastics market. Reduced maintenance and reduced fuel consumption has led to high demand for aerospace plastics in the market. Hence, aerospace plastics are expected to gain high demand from the aviation industry.

Aerospace plastics market is expected to reach US$ 15.7 Bn by 2023, growing at a CAGR of 6.7% during the forecast period 2016-2023.

Aerospace Plastics Market

Purpose of the Report

The purpose of this strategic research study titled “Global Aerospace Plastics Market - Growth, Future Prospects & Competitive Analysis, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global aerospace plastics market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Aerospace Plastics Market - Growth, Future Prospects & Competitive Analysis, 2016 – 2023” offers strategic insights into the global Aerospace Plastics market along with the market size and estimates for the duration 2016 to 2023. The said research study covers in-depth analysis of multiple market segments based on applications, end-use and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading aerospace plastics management vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within aerospace plastics industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global aerospace plastics market, of growth, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.

On the basis of types of waste, the aerospace plastics market is categorized into following segments:

  • Empennage
  • Airframe & Fuselage
  • Cabin Areas
  • Wings & Rotor Blades
  • Flight Deck & Cockpit

Aerospace Plastics Market

The global aerospace plastic market was segmented into empennage, airframe & fuselage, cabin areas, wings & blades, flight deck & cockpit. Among these, airframe & fuselage application accounted for major share of global share of global aerospace plastic market in 2015. Growing demand for lightweight materials in the market has boosted demand for wide range of materials which can be used in the aerospace industry. Aerospace plastics are lightweight plastics which help in reducing weight of aircraft, leading to less fuel consumption. Airframe of the aircraft is a mechanical structure which generally includes wings, fuselage and undercarriage. Airframe designs, a field of aerospace engineering which combines materials technology, aerodynamics and manufacturing methods to attain balances of performance. Use of lightweight materials in manufacturing airframe and fuselage helps in maintaining proper balance of performance. Airframe and fuselage consists of high amount of Carbon Fiber Reinforced Plastics which are the lightest and strongest materials. Hence, airframe and fuselage application is anticipated to boost high demand for aerospace plastics in the market. Flight deck & cockpit are expected to follow airframe & fuselage in terms of demand and expected to experience significant growth in the near future. As the materials used for manufacturing flight deck and cockpit should comply with fire smoke and toxicity regulations, aerospace materials are preferred over other plastics among others. Other applications which include wings & rotor blades, cabin areas, empennage are also projected to boost high demand for aerospace plastics during the forecast period.

On the basis of applications, the aerospace plastics market is categorized into following end-uses:

  • Commercial & Freighter Aircrafts
  • Military Aircrafts
  • Rotary Aircrafts
  • General Aviation

Aerospace Plastics Market

Based on end-use, the global aerospace plastics market is segmented into commercial & freighter aircrafts, military aircrafts, rotary aircrafts and general aviation. Commercial & freighter aircrafts dominated the global aerospace plastics market in 2015 and is expected to retain its position in the near future. Increase in fuel efficiency in compliance with reduced maintenance has led to high demand for aerospace materials in the global market. Hence, high demand is reported for aerospace plastics from the commercial & freighter aircrafts. Growing demand for lightweight materials in the aerospace industry is another factor promoting the growth of global aerospace plastics market. Military aircrafts accounted as second largest market for aerospace plastics market and is expected to increase in the near future. Lightweight of the aircraft helps in reducing fuel consumption. Interior components which are made up of plastics are ten times lighter than metal counterparts. The parts which are made up of plastics can be fabricated economically.  They are resistant to corrosion and work well in harsh environments. Therefore, aerospace plastics are preferred over metal parts in the market, thereby fueling growth of global aerospace plastics market. Other end-users of aerospace plastics such as rotary aircrafts and general aviation are also projected to boost high demand for aerospace plastics during the forecast period from 2016 to 2023.

On the basis of geography, the global aerospace plastics market is segmented into following categories,

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa

Aerospace Plastics Market

Europe dominated the global aerospace plastics market in 2015 and is expected to increase in the near future. Europe is expected to boost high demand for aerospace plastics as compared to other regions due to the presence of expertise in the field of plastics. Germany accounted for major share of Europe aerospace plastics market in 2015. The growing plastic industries in the country and increasing demand for lightweight materials have together boosted demand for aerospace plastics. France is also expected to boost high demand for aerospace plastics due to increasing aircraft engineering institutions in the country. Hence, Europe is expected to boost high demand for aerospace plastics in the global market. Asia Pacific accounted as the second largest market for aerospace plastics and is anticipated to increase in the near future. The changing economic conditions in Asia Pacific have impacted the airline industry. China is into manufacturing of various aircraft parts. Therefore, China is anticipated to boost high growth for aerospace plastics market in the near future. Other regions such as North America, Latin America and Middle East & Africa are expected to fuel high demand for aerospace plastics during the forecast period from 2016 to 2023.

Choose License Type
Published Date:  Aug 2016
Category:  Advanced Materials
Report ID:   58057
Report Format:   PDF
Pages:   120
Rating:    4.3 (50)
Connect With Us
+1-408-641-3282
24/7 Research Support