New York, December 2021: Axiom Market Research & Consulting™ added a report on aerospace plastics market which includes study on polymer type, aircraft type, application, and geography. Aerospace plastics market was projected to grow at a CAGR of 7.17% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (Kilotons) generated by the aerospace plastics market.

The factors such as increasing demand of the passenger aircrafts in the emerging regions, and as the passenger aircrafts also helps in improving the standards of living along with alleviating the poverty and also contributing to the sustainable development, and the replacement of the old aircraft and modernization of the already existing aircraft has been propelling the demand for the aerospace plastics market. 

The report analyses the aerospace plastics market based on the polymer type, aircraft type, application and geography. By polymer type, the aerospace plastics market is segmented into acrylonitrile butadiene styrene (abs), polycarbonate (pc), polyetheretherketone (peek), polymethyl methacrylate (pmma), and polyphenyl sulfide (pps). By aircraft type, the aerospace plastics market is segmented into commercial aircrafts, general & business aircrafts, military aircrafts, and rotary aircrafts. By application the aerospace plastics market is segmented into aircraft canopy, aircraft panels, cabin lighting, cabin windows & windshields, and overhead storage bins. Geographically, the aerospace plastics market is studied for the regions including North America, Europe, Asia Pacific and Rest of the World. 

Polymethyl Methacrylate (PMMA) is estimated to lead aerospace plastics market 

The polymethyl methacrylate (PMMA) are widely used in the aeronautical and astronautical applications, and the feature of the polymer has been exceptional transparency, process share adaptability, having high impact strength, has major attraction and low density in the aerospace industry where they are used for the production of the aircraft windshields and other parts propelling the growth of the segment in the aerospace plastics market during the forecast period. 

Commercial aircrafts aircraft type segment is estimated to gain in the aerospace plastics market

The emerging global economy and growing air passenger traffic has been expected to increase the demand for the aerospace plastics, along with the use of the plastic in the commercial aircraft has the major role for decreasing the operating costs by decreasing the overall weight of the aircraft and also keeping the check on the issues of maintenance has been propelling the growth of the segment in the aerospace plastics market during the forecast period. 

Aircraft panel application segment is estimated to grow in the aerospace plastics market

The increasing demand for the aircraft panel across the globe has been responsible for propelling the growth of the segment in the aerospace plastics market during the forecast period. 

North America is expected to lead the aerospace plastics market

The increasing growth in the airline industry, along with the major key players in the market adopting the product innovation and launch, strategies of the agreement and expansion and fulfilling the need of the consumers in the aerospace plastics has been propelling the growth of the market in the region during the forecast period. 

Key Players

The key players in the aerospace plastics market are 3P - Performance Plastics Products, BASF SE, Big Bear Plastics, Curbell Plastics, Drake Plastics Ltd, Ensinger GmbH, Evonik Industries AG, Grafix Plastics, Loar Group, PACO Plastics & Engineering Inc., Polyflour Plastics, Quadrant Engineering Plastics, Sabic, Solvay, Vantage Plane Plastics, Victrex and Zeus among others.

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