Press release
Aerospace Plastics Market Worth USD 25.94 billion with CAGR of 9.63% during 2025 |Top Most Players | Hyosung Corp, Mitsubishi Heavy Industries, Kaman Corp, Hexcel, Composite Holding Comp, Cytec Industries and HITCO Carbon Composites.
Aerospace Plastics Market
Competitive Insights:
The market was dominated by Toray industries as it provided products and materials to the leading manufacturers such as Boeing and Airbus.
Major companies in the industry are Hyosung Corp, Mitsubishi Heavy Industries, Kaman Corp, Hexcel, Composite Holding Comp, Cytec Industries and HITCO Carbon Composites.
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Market Highlights- Aerospace Plastics Market
The Global Aerospace Plastics Market was worth USD 11.34 million in the year 2016, and is expected to garner around USD 25.94 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 9.63% during the forecast period.
The growing requirement for plastic in various applications of aerospace that includes empennage, cabin interiors, fuselage and airframe is anticipated to boost the market in the consecutive years. The performance and the efficacy of airplanes in directly influence by the reduction of its weight. Additionally, with the contraction of a kilogram in the weight of the airplane is anticipated to revoke costs of operating related to fuel for a commercial airplane. Plastics are extensively utilized in place of aluminum and steel as they are extremely durable and lightweight which leads to increased implementation of plastic.
Aerospace Plastics Market Segmentation
By Application
Satellites
Equipment, systems & support
Propulsion systems
Aerostructure
Construction and insulation components
Cabin interiors
Components
By End Users
General aviation
Commercial & freighter aircrafts
Rotary aircrafts
Military aircrafts
Others
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Aerospace Plastics Market -By Region
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Regional Outlook And Trend Analysis
Due to increased prices of fuel, the aerospace market of North America is anticipated to encounter a rising demand for aircrafts that are fuel-efficient. Growth in the rate of replacement, majorly in regional aircrafts is boosting growth in the North American industry of Aerospace plastics. The desire to replace the aircrafts that are inefficient with the ones that are efficient is expected to spur the growth of the aerospace plastic market significantly. The aerospace plastics market in Europe encountered substantial growth in the year of 2016 and is anticipated to witness considerable growth in consecutive years due to surplus investments witnessed in research and development and the availability of qualified engineers.
List of Tables
Table 1.Aerospace Plastics Market, By Application ($Million), 2016-2025
Table 2.Satellites Market, By Region ($Million), 2016-2025
Table 3.Equipment, systems & support Market, By Region ($Million), 2016-2025
Table 4.Propulsion systems Market, By Region ($Million), 2016-2025
Table 5.Aerostructure Market, By Region ($Million), 2016-2025
Table 6.Construction and insulation components Market, By Region ($Million), 2016-2025
What Our Report Offer:
1) An extensive research study on the Global Aerospace Plastics Market and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Aerospace Plastics Market
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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