Aerospace Plastics Market - Global Forecast to 2023: Growing Demand for Commercial Aircraft & Influence of Low-Cost Airlines

DUBLIN, Jan. 28, 2019 /PRNewswire/ --

The "Aerospace Plastics Market by Polymer Type, Aircraft Type, Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

In terms of volume, the aerospace plastics market is projected to grow from 6,903.5 tons in 2018 to 9,458.4 tons by 2023, at a CAGR of 6.5% from 2018 to 2023. In terms of value, the market is projected to grow from USD 14.70 billion in 2018 to USD 20.73 billion by 2023, at a CAGR of 7.1% during the forecast period.

Aircraft manufacturers are concentrating on lightweight and advanced design & processing solutions for the manufacture of interior and exterior structures of new generation commercial transport aircraft.

Various interior and exterior aerospace parts manufactured with the use of plastics help reduce weight, increase fuel efficiency, and thus help decrease greenhouse gas emissions. Aerospace plastics have been replacing heavy metal components in aircraft mainly due to the material being lightweight.

The introduction of Low-cost Carriers (LCC) and increase in air passenger traffic owing to rise in disposable incomes of middle-class populations are expected to drive the airline industry, and subsequently, demand for aerospace plastics, especially in the Asia Pacific during the forecast period. Recyclability issues and the high cost of aerospace plastics are the major restraining factors in this market.

Entry barriers are high in the aerospace plastics market, which is highly capital intensive. Existing players have a strong foothold in the market. Owing to the exceptional properties of aerospace plastics, such as stiffness, strength, tenacity, density, thermal conductivity, and fatigue and corrosion resistance, they are superior to traditional metals.

As a result, the threat of substitutes is low. The bargaining power of buyers in the aerospace plastics market is moderate to high as original equipment manufacturers have specific testing and selection criteria. In this market, raw material suppliers have moderate bargaining power. These suppliers have a high amount of technical expertise, high capital investment, strong brand image, and a good foothold in the aerospace plastics market. In addition, differentiation is very low in the raw material of aerospace plastics, which further decreases the supplier bargaining power.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Aerospace Plastics Market
4.2 Aerospace Plastics Market, By Polymer Type
4.3 Aerospace Plastics Market, By Aircraft Type
4.4 Aerospace Plastics Market, By Application
4.5 Aerospace Plastics Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1 Increasing Demand for Lightweight and More Efficient Aircraft
5.3.2 Increasing Demand of Passenger Aircrafts in Emerging Regions
5.3.3 Replacement of Old Aircraft and Modernization of Existing Aircraft
5.4 Restraints
5.4.1 Lack of Standardization in Manufacturing Technologies and Trained Personnel
5.4.2 Limited Range of Material Options
5.5 Opportunities
5.5.1 Growing Demand for Commercial Aircraft
5.5.2 Influence of Low-Cost Airlines
5.6 Challenges
5.6.1 Costly Maintenance, Repair, and Overhaul Services
5.7 Porter's Five Forces Analysis
5.8 Regulatory Landscape
5.9 Fire Safety
5.9.1 Flammability
5.9.2 Smoke & Toxicity
5.10 Component Design
5.10.1 Weight
5.10.2 Strength & Stiffness
5.11 Airline Operations
5.11.1 Durability
5.11.2 Reparability
5.11.3 Cleanability
5.12 Manufacturing
5.12.1 Raw Material
5.12.2 Reproducibility

6 Aerospace Plastics Market, By Polymer Type
6.1 Introduction
6.2 Polyetheretherketone (Peek)
6.3 Polyphenyl Sulfide (Pps)
6.4 Polycarbonate (Pc)
6.5 Acrylonitrile Butadiene Styrene (Abs)
6.6 Polymethyl Methacrylate (Pmma)
6.7 Others

7 Aerospace Plastics Market, By Aircraft Type
7.1 Introduction
7.2 Commercial Aircraft
7.2.1 Single-Aisle Aircraft
7.2.2 Wide Body Aircraft
7.2.3 Regional Jets
7.3 General & Business Aircraft
7.4 Military Aircraft
7.5 Rotary Aircraft
7.6 Others

8 Aerospace Plastics Market, By Application
8.1 Introduction
8.2 Cabin Windows and Windshields
8.3 Cabin Lighting
8.4 Overhead Storage Bins
8.4.1 Shelf Bin
8.4.2 Pivot Bin
8.4.3 Translating Bin
8.5 Aircraft Panels
8.5.1 Floor Panels
8.5.2 Ceiling Panels
8.5.3 Side Panels
8.6 Aircraft Canopy
8.7 Others

9 Aerospace Plastics Market, By Region

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking of Key Players
10.3 Competitive Scenario
10.3.1 Expansions
10.3.2 New Product Launches
10.3.3 Acquisitions
10.3.4 Joint Ventures
10.3.5 Investment
10.3.6 Partnership
10.3.7 Contract

11 Company Profiles
11.1 SABIC
11.2 Victrex
11.3 Drake Plastics Ltd
11.4 Solvay
11.5 BASF SE
11.6 Evonik Industries AG
11.7 Vantage Plane Plastics
11.8 Quadrant Engineering Plastics
11.9 Other Key Players
11.9.1 Paco Plastics & Engineering Inc.
11.9.2 3P - Performance Plastics Products
11.9.3 Polyflour Plastics
11.9.4 Big Bear Plastics
11.9.5 Grafix Plastics
11.9.6 Loar Group
11.9.7 Zeus
11.9.8 Curbell Plastics
11.9.9 Ensinger GmbH

For more information about this report visit https://www.researchandmarkets.com/research/ngnntn/aerospace?w=5

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