Aerospace Plastics Market Present Scenario and the Growth Prospects with Forecast 2024
Axiom MRC Added a, “Aerospace Plastics Market Report,
By Application, End Use And Geography – Global Market Share, Trend Analysis And
Forecast Up To 2024”. The
global aerospace plastics market was valued at ~ USD 10 billion in 2017 and is
expected to expand at a CAGR between 9.8% to 10.8% from 2019 to 2024.
Aerospace
Plastics Market Outlook:
Technical
plastics have contributed to wide range of applications more efficient and
competitive in various industrial areas. High demand is reported for materials
from the aerospace industry. Impressive properties of high performance plastics
which include fire behavior and low weight among others have attracted various
end-user industries worldwide. Aerospace plastics have led to improved safety,
fuel saving, cost reduction and improved passenger comfort.
Growing demand
for lightweight materials in the aviation industry is one among the major
factors boosting high demand for aerospace plastics. Lightweight plastics are
expected to provide many benefits, some of which include, reduced fuel
consumption, corrosion resistant and improved safety. These factors are the
attractive factors leading to growth of global aerospace plastics market.
Aerospace
Plastics Market Segmentation:
Aerospace Plastics Market by Application:
Based on
applications, the global aerospace plastics market is segmented into airframe
& fuselage, empennage, cabin areas and flight and cockpit among others.
Aerospace Plastics Market by End
Use:
By end-user, the
market is segmented into rotary aircrafts, commercial and freighter aircraft,
military aircraft and general aviation.
Aerospace Plastics Market by Geography:
Global aerospace
plastics market has been segmented into North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa. North America comprises U.S.,
Canada and Mexico whereas Europe would primarily cover Germany, France, UK,
Italy and Rest of Europe. The key countries included under Asia Pacific are
China, Japan, India, Australia, and Rest of Asia Pacific. In Latin America,
Brazil, Argentina, and Rest of Latin America are the key segments whereas in
Middle East & Africa, South Africa and Rest of MEA are the key segments
covered in the report.
Aerospace
Plastics Market Key Players:
Global aerospace
plastics market is concentrated with leading manufacturers such as Hexcel,
Toray, Mitsubishi, HITCO, Cytec Industries and Toho Tenax having strong hold on
the global market. Some of the key manufacturers of aerospace plastics in the
global market include Composite Holding Comp, Hyosung Corp, Ensinger, Premium
Aerotec Zoltek, Kaman Corp, Tech-Tool Plastics, Saudi Basic Industries, SGL
Carbon SE, BASF, Evonik Industries AG, Solvay and Holding Company Composite
among others.
About
Us:
Axiom Market Research & Consulting™ (also known as
Axiom MRC), is a full-service market research and data analytics firm, driven
by a simple aim of providing key market intelligence to companies to assist
them in taking informed business decisions pertaining to their marketing
strategy, investments, new product launches, market competition, consumer or
end users, social media trends etc.
Contact
Us:
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Valley Cottage, NY, United States
Email: sales@axiommrc.com
Tel: +1(845)875-9786, +44(0) 20 238697007
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