The Market of Aircraft Flame-Retardant Films to grow beyond US$ 331.1 million by 2024

The new report of Stratview Research analyses the Aircraft Flame-Retardant Films market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

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An overview: Organic growth of Aircraft production

The aircraft flame-retardant films market offers attractive growth opportunities in the entire ecosystem of the market in years to come. The market for aircraft flame-retardant films is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 331.1 million in 2024. Organic growth of aircraft production, rising aircraft fleet size, and stringent regulations regarding passenger safety are the primary drivers of flame-retardant films in the aircraft industry.

Airbus anticipated that there would be total deliveries of 37,390 aircraft worth US$ 5.8 trillion in the global marketplace during 2018-2037. Asia-Pacific and North America would be the biggest demand generators with a combined share of 59.4% of the total aircraft deliveries during the period. An expected healthy CAGR of 4.4% in air passenger traffic during 2018-2037 will chiefly drive the demand for new aircraft during this period. This factor will create a sustainable demand for flame-retardant films in the aircraft industry in the foreseen future.

Commercial aircraft: The growth engine

Based on the aircraft type, the market is segmented into commercial aircraft, military aircraft, regional aircraft, general aviation, and helicopter. Commercial aircraft is likely to remain the most dominant and fastest-growing segment of the market during the forecast period. Increasing production rates of key programs, such as B737 and A320 family, to support rising passenger traffic; market entry of new players such as COMAC; and introduction of fuel-efficient variants of existing aircraft programs, such as B737 max, and A320neo, are the major factors driving the demand for flame-retardant films in the commercial aircraft segment.

Dominance of: polyetheretherketone(PEEK)

Based on the material type, the market is segmented into polyvinyl fluoride (PVF), polyetheretherketone (PEEK), polyimide (PI), and others. PEEK film is expected to remain the dominant and fastest-growing segment of the market during the forecast period. PEEK films exhibit better properties, such as good permeation barrier, low-moisture absorption, excellent wear and abrasion resistance, and low smoke and toxic gas emission. All these properties of PEEK films have led to its wide acceptance as flame-retardant material in the aircraft industry.

A highly/moderately/fragment consolidated Market
The Top players in the aircraft flame-retardant films market are E. I. du Pont de Nemours and Company, Solvay S.A. and Victrex Plc. Development of high-performance flame-retardant films, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Regional Hegemony of North America

In terms of region, North America is projected to remain the largest market for aircraft flame-retardant films during the forecast period. The USA is the growth engine of the region’s market and has the largest fleet of military aircraft and one of the largest fleet of commercial aircraft in the world. The presence of all major aircraft OEMs, tier players, aircraft flame-retardant film suppliers, and raw material suppliers are primarily driving the flame-retardant films market in the country.

Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ).
Comprehensive Market Coverage

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This release was published on openPR.