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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 for aerospace plastics. The lightweight properties of plastics have attracted manufacturers from various end-user industries in the market. Lightweight plastics reduce fuel consumption, are 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. Aircraft and their parts are made using heavy metals and aluminum. This leads to high fuel consumption and cannot be fabricated and designed as per requirements due to the strong and hard nature of the material. Hence, lightweight materials are now preferred over heavy metals, steel, and aluminum in various end-user industries. The aviation industry has led to high growth in the global aerospace plastics market.

The major applications of aerospace plastics in the aviation industry include empennage, airframe and fuselage, cabin areas, wings and rotor blades, and flight deck and cockpit. Among these, airframes and fuselage accounted for the major share of the global aerospace plastics market in 2015 and are expected to retain their position in the near future. Other applications of aerospace plastics are also projected to boost the growth of the global aerospace plastics market.

The end-use of aerospace plastics includes commercial and freighter aircraft, military aircraft, rotary aircraft, and general aviation. Commercial and freighter aircraft dominated the global aerospace plastics market. Reduced maintenance and reduced fuel consumption have led to high demand for aerospace plastics in the market. Hence, aerospace plastics are expected to gain high demand from the aviation industry.The aerospace plastics market is expected to reach US$ 15.7 billion by 2023, growing at a CAGR of 6.7% during the forecast period of 2016–2023.

Purpose of the Report

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

Target Audience

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

Overall, the research study provides a holistic view of the global aerospace plastics market in terms 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 the following segments:

  • Empennage
  • Airframe and Fuselage
  • Cabin Areas
  • Wings and rotor blades
  • Flight Deck and Cockpit

The global aerospace plastic market was segmented into empennage, airframe and fuselage, cabin areas, wings and blades, and flight deck and cockpit. Among these, airframe and fuselage applications accounted for the majority of the global share of the aerospace plastic market in 2015. Growing demand for lightweight materials in the market has boosted demand for a wide range of materials that can be used in the aerospace industry. Aerospace plastics are lightweight plastics that help reduce the weight of aircraft, leading to less fuel consumption. The airframe of the aircraft is a mechanical structure that generally includes wings, a fuselage, and an undercarriage. Airframe designs are a field of aerospace engineering that combines materials technology, aerodynamics, and manufacturing methods to achieve a balance of performance. The use of lightweight materials in manufacturing the airframe and fuselage helps maintain a proper balance of performance.

The airframe and fuselage consist of a high amount of carbon fiber-reinforced plastics, which are the lightest and strongest materials. Hence, airframe and fuselage applications are anticipated to boost the high demand for aerospace plastics in the market. Flight deck and cockpit are expected to follow airframe and fuselage in terms of demand and are expected to experience significant growth in the near future. As the materials used for manufacturing the 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 and rotor blades, cabin areas, and 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 the following end-uses:

  • Commercial and Freighter Aircraft
  • Military Aircrafts
  • Rotary Aircrafts
  • General Aviation

Based on end-use, the global aerospace plastics market is segmented into commercial and freighter aircraft, military aircraft, rotary aircraft, and general aviation. Commercial and freighter aircraft dominated the global aerospace plastics market in 2015 and are expected to retain their position in the near future. Increased 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 commercial and freighter aircraft. Growing demand for lightweight materials in the aerospace industry is another factor promoting the growth of the global aerospace plastics market. Military aircraft accounted for the second-largest market for aerospace plastics and is expected to increase in the near future.

The light weight of the aircraft helps reduce fuel consumption. Interior components that are made of plastic are ten times lighter than their metal counterparts. The parts that are made of plastic 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 the growth of the global aerospace plastics market. Other end-users of aerospace plastics, such as rotary aircraft and general aviation, are also projected to boost the 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 the 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 and Africa

Europe dominated the global aerospace plastics market in 2015 and is expected to increase in the near future. Europe is expected to boost demand for aerospace plastics as compared to other regions due to the presence of expertise in the field of plastics. Germany accounted for a major share of the European aerospace plastics market in 2015. The growing plastic industries in the country and the increasing demand for lightweight materials have together boosted the demand for aerospace plastics. France is also expected to boost demand for aerospace plastics due to the increasing number of aircraft engineering institutions in the country.

Hence, Europe is expected to boost demand for aerospace plastics in the global market. Asia Pacific accounted for 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 the manufacturing of various aircraft parts. Therefore, China is anticipated to boost high growth for the aerospace plastics market in the near future. Other regions, such as North America, Latin America, the Middle East, and Africa, are expected to fuel high demand for aerospace plastics during the forecast period from 2016 to 2023.

Frequently Asked Questions:

The market for Aerospace Plastics Market is expected to reach US$ 15.7 Bn By 2023

The Aerospace Plastics Market is expected to see significant CAGR growth over the coming years, at 6.7%.

The report is forecasted from 2016 to 2023.

The base year of this report is 2015.

Cytec Industries, Composite Holding Comp, Ensinger, Hexcel, HITCO Carbon Composites are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2016
Category:  Advanced Materials
Report ID:   58057
Report Format:   PDF
Pages:   170
Rating:    4.8 (72)
Delivery Time: 24 Hours to 48 Hours   
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