Aerospace Plastics Market Report

Aerospace plastics is widely used in aerospace applications due to their certain advantages such as high thermal and mechanical stability, weight saving, ability to meet stringent dimensional stability, lower thermal expansion properties and excellent fracture resistance. Besides aerospace plastics industry is rapidly growing and tried to expand the market of plastics to a variety of applications. Further lightness of plastics make them invaluable to the transport industry. Besides has applications of advanced polymer materials, e.g. ultra-light structures and macromolecular memory shape systems.  Also, modern military fighter aircraft have reduced 30% of their weight using application of polymer composite materials. Another important application of polymers is the adhesive for joining aircraft components. It is possible to produce high strength, durable joints using polymer adhesives. The aerospace sector is expected witness growth and creates lucrative opportunity for market key players during forecast period.

Aerospace Plastics Market Report Outlook

The key factor for the growth of aerospace plastics market is increasing demand of passenger aircrafts in emerging regions. As passenger aircrafts helps to improve living standards and alleviate poverty and contributes to sustainable development. Further replacement of old aircraft and modernization of existing aircraft is propelling the demand for aerospace plastics market.

COVID 19 IMPACT ON AEROSPACE PLASTICS MARKET REPORT

The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the aerospace plastics market. In addition, complete analysis of changes on the aerospace plastics market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. 

AEROSPACE PLASTICS MARKET SEGMENTAL OVERVIEW

The aerospace plastics market is segmented based on by polymer type, by aircraft type, by application and geography 

AEROSPACE PLASTICS MARKET BY POLYMER TYPE

The aerospace plastics market offers different polymer type like acrylonitrile butadiene styrene (abs), polycarbonate (pc), polyetheretherketone (peek), polymethyl methacrylate (pmma), polyphenyl sulfide (pps)

Polymethyl Methacrylate (PMMA) is an optically clear thermoplastic polymers which are widely used in aeronautical and astronatucial applications. The feature of polymer are exceptional transparency, process share adaptability , low density and has high impact strength and has major attraction in aerospace industry where they are used to manufacture air craft windshields, resistant windows, visors and safety glasses. It is also used in helicopter windscreens.

AEROSPACE PLASTICS MARKET BY AIRCRAFT TYPE 

Aerospace plastics are available in different aircraft type like commercial aircrafts, general & business aircrafts, military aircrafts, rotary aircrafts

Commercial aircrafts is expected to gain market as an end user due to increasing plastics use in aerospace industry.  Further emerging global economy and growing air passenger traffic is expected to further fuel the demand for aerospace plastics. Besides use of plastic in commercial aircraft has major role for cutting down the operating costs by reducing the overall weight of the aircraft as well as keeping a check on maintenance issues. Also, as plastics integrated circuits can operate even in high temperatures there is increasingly used in the manufacturing of integrated circuits of military aircraft. Thereby driving the growth of segment which ultimately propels the growth of aerospace plastics market.

AEROSPACE PLASTICS MARKET BY APPLICATION 

Aerospace plastics finds application in aircraft canopy, aircraft panels, cabin lighting, cabin windows & windshields, overhead storage bins

AEROSPACE PLASTICS MARKET BY GEOGRAPHY

Geographically the global aerospace plastics market is studied for following region North America, Europe, Asia Pacific and RoW.

North America is anticipated to lead in the global aerospace plastics market attributing to increasing growth in airline industry. Besides major key players are adopting product innovation and launch, strategies of expansion and agreement to fulfill the consumers need in aerospace plastics. Moreover, increasing purchases has augmented demand for aerospace plastics. As aircraft manufacturer are employing lightweight components for complying with stringent regulatory standards imposed by multiple regulatory bodies. On the other hand Europe is expected to witness significant growth during forecast period due to design and development of complex aerospace structures. Also, Asia Pacific is anticipated to witness the significant growth owing to increasing exploration projects in region

AEROSPACE PLASTICS MARKET KEY PLAYER

The major players in 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.