Increasing demand for lightweight and more fuel-efficient aircraft and need for better safety for passengers are some key factors driving aerospace plastic
— Emergen Research
VANCOUVER, BRITISH COLUMBIA, CANADA, July 4, 2023/EINPresswire.com/ — Global Aerospace Plastic Market Research by Emerging Research is a comprehensive compilation of relevant data on the keyword industry. The report provides in-depth research on the variables influencing both the industry’s and the Aerospace Plastic Market’s growth. The positives and cons of the pandemic for the keyword business are discussed in length in the paper. Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. The report discusses the Aerospace Plastic Market segment and provides a detailed description of the Aerospace Plastic Market volume and valuation. The Aerospace Plastic Market scenario for the current period and the projected timeframe from 2021 to 2028 are both covered in depth in this report. The dynamics of the keyword industry have changed due to economic volatility and supply chain disruptions.
The global aerospace plastic market size reached USD 17.93 Billion in 2020 and is expected to register a revenue CAGR of 7.7%, during the forecast period, according to latest analysis by Emergen Research. Increasing demand for lightweight and more fuel-efficient aircraft, as well as rising focus on providing better safety to passengers are some of the major factors driving global aerospace plastic market revenue growth. Rising demand for thermoplastic for lightweight applications in aerospace industries is expected to boost market growth as plastics are widely used for interior applications, avionics sensor plates, electronic component mounting brackets, and ventilation impeller blades due to lightweight as well as good electrical insulation and heat resistance properties. Plastics like PEEK can be adopted to replace metal fasteners and screws, and no changes are required in the overall design of existing parts, thereby allowing for direct replacement of OEM components. Reinforced thermoplastics have considerably changed the design and construction of many types of aircraft, making these more lightweight, which leads to better performance and improved fuel efficiency. Plastics like acrylonitrile butadiene styrene, polyetheretherketone, and polyphenylene sulphide are finding a wide range of applications in the aerospace industry.
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The keyword research report also includes an in-depth analysis of the key players in the market, as well as their implemented company expansion, strategic planning, and business overview plans. This helps readers and business owners create plans for strategic investment and expansion. The study focuses on business and government transactions, as well as mergers and acquisitions, joint ventures, collaborations, and partnerships. The expansions that these well-known firms are vying for in the key market areas are also discussed in the report. The examination of the technological and product developments made by these companies is the main emphasis of the report.
The research also discusses obstacles, risks to the market, restrictions, and other elements that may impede the expansion of the keyword industry. The market in foreign waters and the new trends in those areas are also covered in detail in the research. In order to provide a thorough picture of the Aerospace Plastic market landscape, it also provides insights into the competitive landscape, market drivers, industrial scenario, and the most recent product and technology breakthroughs.
Some Key Highlights from the Report
Polychlorotrifluoroethylene segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing applications in the aerospace industry. Since it is a fluorochemical plastic with a blend of physical and mechanical properties, it can be used in or out of corrosive environments. In addition, it is chemical and fire resistant with a low moisture absorption rate, can tolerate extreme temperatures ranging from -400 °F to +400 °F, and exhibits great electrical properties, making the material ideal for aerospace applications.
Propulsion systems segment is expected to register a significantly robust revenue growth rate over the forecast period as air mobility is evolving at a fast pace, requiring lighter yet safe propulsion technology. Composite material applications in aircraft engines results in lighter weight propeller parts that can withstand high temperatures and impacts.
Europe is expected to account for a considerably robust revenue share over the forecast period as this industry requires a skilled workforce with expertise in the design and development of complex aerospace structures, and countries in Europe have engineering expertise.
Some major companies in the market report include DuPont de Nemours, Inc., Hexcel Corporation, Premium AEROTEC GmbH, Solvay S.A., PPG Industries, Inc., Evonik Industries AG, BASF SE, Curbell Plastics, Inc., Drake Plastics Ltd., and Saudi Basic Industries Corporation.
The key companies studied in the report are:
DuPont de Nemours, Inc., Hexcel Corporation, Premium AEROTEC GmbH, Solvay S.A., PPG Industries, Inc., Evonik Industries AG, BASF SE, Curbell Plastics, Inc., Drake Plastics Ltd., Saudi Basic Industries Corporation
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
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On the basis of type, the market is segmented into
Material Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Polymethyl Methacrylate (PMMA)
Polyether Ether Ketone (PEEK)
Polychlorotrifluoroethylene (PCTFE)
Thermosetting Polyimide
Polyamide-imide (PAI)
Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Aerostructure
Cabin Interiors
Construction & Insulation Components
Propulsion Systems
Windshields
Aircraft Panels
Satellites
Aircraft Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Commercial Aircraft
Military Aircraft
Cargo Aircraft
Rotorcraft
Spacecrafts
General Aviation
Additionally, the report’s charts, tables, graphs, figures, and diagrams convey the analytical data in an orderly manner. Because of this, it is simpler for readers to understand the market situation in a useful way. In order to help the reader, make wise business decisions, the study also attempts to offer a forward-looking viewpoint and an informative conclusion. A thorough SWOT and Porter’s Five Forces analysis of the market segments expected to dominate the market, regional division, estimated market size and share, and more are included in the report’s conclusion.
The report addresses the following key points:
The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the Aerospace Plastic market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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