Aerospace plastics offer several advantages over traditional materials such as metals. Plastics are lighter in weight, have higher strength-to-weight ratios, and are more corrosion-resistant, which makes them ideal for use in aircraft components such as wings, fuselage, and engine parts. In addition, the use of plastics can result in significant fuel savings due to the reduced weight of the aircraft. The demand for aerospace plastics is expected to continue to grow in the coming years as manufacturers seek to develop more fuel-efficient aircraft. The use of plastics in aircraft is also expected to increase as manufacturers look for ways to reduce costs and improve production efficiency.
Aviation authorities’ effort to reduce carbon emissions in order to reduce the environmental effect of aircraft manufacture is increasing global demand for aerospace polymers. For example, the Advisory Council of Aeronautics Research in Europe (ACARE) recommends that original equipment manufacturers in the aviation sector reduce CO2 emissions by 50% and nitrogen oxide emissions by 80%. Material science advancements facilitate its acceptance by providing improved product attributes like as durability, weight-to-strength ratio, and electrical conductivity. The worldwide market is likely to develop throughout the forecast period as a result of such favourable trends.
Overall, the aerospace industry is likely to see a significant shift towards the use of lightweight and high-performance materials such as plastics in the coming years as the need for fuel efficiency continues to drive innovation in aircraft design and production.
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Key findings of the Aerospace Plastics market study:
- The report provides a present market outlook on Aerospace Plastics. Additionally, the Aerospace Plastics market share is anticipated to grow with a CAGR of 23% in the forecast period.
- Regional breakdown of the Aerospace Plastics market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Aerospace Plastics vendors in detail.
- Region-wise and country-wise fragmentation of the Aerospace Plastics market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Aerospace Plastics market.
- Aerospace Plastics price, market share, and Trends forecast for assessment period 2023-2033
Competitive landscape analysis
The market survey conducted by fact.mr offers key developments and challenges affecting the pharmaceutical industry, subsequently influencing demand and sales in the Aerospace Plastics market. To study competitive trends across the industry, the report profiles some of the leading players operating in the Aerospace Plastics market including
- Premium AEROTEC
- Paco Plastics & Engineering
- Grafix Plastics
- Loar Group, Inc.
- Ensinger
- 3P Performance Plastics Products
- Polyfluor Plastics B.V.
- Big Bear Plastic Products Limited
- Zeus Industrial Products, Inc.
- Curbell Plastics, Inc.
- Toray Industries, Inc.
Report benefits & key questions answered
- Aerospace Plastics historical market outlook: the market intelligence survey report discloses the demand and sales projections of Aerospace Plastics over the last forecast period 2016 to 2020.
- Post impact of covid on the Aerospace Plastics market: the pharmaceutical industry has been largely influenced by covid-19 pandemic. The fact.mr market survey assesses how current trends that will influence expenditure on Aerospace Plastics, thus affecting the market growth.
- Aerospace Plastics market trend analysis: the report provides in-depth overview of the past, recent, and upcoming trends in the Aerospace Plastics market to assist the businesses to formulate their strategies for expansion.
- Aerospace Plastics category & segment level analysis: fact.mr’s category & segment level analysis provides insights into Aerospace Plastics sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level.
- Aerospace Plastics company & brand share analysis: the report discloses the competitiveness of the Aerospace Plastics market and highlights the market share captured by tier 1, tier 2, and tier 3 players operating in the landscape.
Key Segments of Aerospace Plastics Industry Research
- By Polymer Type :
- Polyetheretherketone (PEEK)
- Polyphenyl Sulfide (PPS)
- Polycarbonate (PC)
- Acrylonitrile Butadiene Styrene (ABS)
- Polymethyl Methacrylate (PMMA)
- By Aircraft Type :
- Commercial & Freighter Aircraft
- Military Aircraft
- Rotary Aircraft
- General Aviation
- Others
- By Application :
- Aerostructure
- Components
- Equipment, Systems & Support
- Cabin Interiors
- Propulsion Systems
- Satellites
- Construction & Insulation Components
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa