DUBLIN, May 22, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Aerospace Plastics Market Analysis By Application (Aerostructure, Components, Cabin Interiors, Propulsion Systems, Satellites), By End-use, And Segment Forecasts, 2014 - 2025" report to their offering.
The global aerospace plastics market is expected to reach USD 1.04 million by 2025. Non-corrosive nature and high-temperature resistance of plastics are expected to bolster market growth over the forecast period.
Aerospace plastics exhibit heat resistance and high strength properties. It's high modulus of elasticity aids in the production of various aircraft components such as fuselage, airframe, empennage, etc. In addition, plastics are lightweight nevertheless high-performance alternatives to metals such as steel and aluminum; as a result, the market is expected to grow significantly.
Growing adoption of highly durable and chemical resistant plastics are expected to drive market over the forecast period. However, the components manufactured with the use of polymers are hard to inspect for flaws, leading to quality variations and defects. Increased incidents of plastic fracture and failure along with high maintenance, repair and operating costs are posing a threat to aerospace plastics market growth.
Aerospace plastics provide a high degree of freedom in the designing of complicated components of an aircraft. As a result, the percentage of the material utilized in manufacturing commercial and military aircrafts has increased significantly over the past couple of decades, which in turn has bolstered the demand for polymers in aerospace applications.
Aerostructure segment accounted for was over 291.3 million in 2016. The growing use of plastics in fuselage, airframe and other integral components of an aircraft is expected to drive segment growth over the next eight years.
The demand for the product in propulsion systems was over 2,847.6 tons in 2016. The utilization of the polymers in propeller systems, bearing bushes, turbines and nacelles are expected to have a positive impact on industry growth over the forecast period.
- Hyosung Corporation
- Kaman Aerospace Corporation
- Mitsubishi Heavy Industries Limited (MHI)
- Premium Aerotec GmbH
- Saudi Arabia Basic Industries Corporation (SABIC)
- SGL Carbon SE
- Tech-Tool Plastics Inc.
- Toho Tenax CoLtd.
- Toray Carbon Fibers America Inc.
- Zoltek Companies, Inc.
- Evonik Industries AG
- Holding Company Composite
- Cytec Industries Inc.
- Ensinger GmbH
- Hexcel Corporation
- HITCO Carbon Composites
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Aerospace Plastics Industry Outlook
4. Aerospace Plastics: Application Outlook
5. Aerospace Plastics: End-use Outlook
6. Aerospace Plastics: Regional Outlook
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/kkq2c8/aerospace
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SOURCE Research and Markets