Aircraft Decorative Laminates Market to Reach US$ 344.1 Million in 2024

Aircraft Decorative Laminates Market report is a 252-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.

Stratview Research has published a new research report on Aircraft Decorative Laminates Market.This extensive 252-page report by Stratview Research analyses the growth of Aircraft Decorative Laminates Market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024 under the following segments -
· by Aircraft Type (Narrow-Body aircraft, Wide-Body aircraft, and Others),
· by Application Type (Interior Panels, Stowage Bins, and Others),
· by Laminate Type (Film Laminates and Reinforced Laminates),
· by End-User Type (OE, and Aftermarket), and
· by Region (North America, Europe, Asia-Pacific, and Rest of the World)

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The market share of the Decorative market in the aerospace industry

The market for decorative laminates in the global aircraft industry is likely to grow at a rate above the industry growth rate over the next five years to reach an estimated value of US$ 344.1 million in 2024. Several factors bolstering the demand for decorative laminates in the industry are increasing production rates of the next-generation aircraft, increasing focus of airlines on the modernization of interiors of their existing aircraft fleet to provide uniform feel, high focus of the aircraft industry stakeholders for the development of lightweight and smart cabin interior solutions, and rising aircraft fleet.

Narrow- and wide-body aircraft to remain the most dominant segment

The market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation. Narrow- and wide-body aircraft are likely to remain the growth engines of the market during the forecast period. Increasing production rates of the key programs such as B737, B787, A320, and A350XWB; introduction of variants of the best-selling programs (A320neo, B737 Max, B777x, and A330neo); market entry of new aircraft (C919 and MC-21); increasing demand for high quality and lightweight components; and rising aircraft fleet size are the major growth drivers of the market in these segments during the forecast period.

Interior panel to remain most dominant application
Based on the application type, the market is segmented into Interior Panels, Stowage Bins, Seats, Galleys, and Others. Interior panel is expected to remain the dominant application segment of the market during the forecast period, owing to its large surface area. Other applications include bulkheads/partition walls, lavatories, trolleys, cabin facings, closets, and passenger service units.

North America to remain the largest market

North America is expected to remain the largest market for aircraft decorative laminates during the forecast period. The USA is the growth engine of the region’s market with the presence of all major aircraft OEMs, tier players, raw material suppliers, and decorative laminate suppliers. Asia-Pacific is likely to witness the highest growth in the same period, driven by a host of factors including an increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.

Top market players
The key decorative laminate manufacturers are ISOVOLTA AG, Schneller LLC, DUNMORE Corporation, E. I. du Pont de Nemours and Company, and the Boeing Company. The development of high-performance aircraft decorative laminates, expansion in untapped and growing markets, and the execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Aircraft Decorative Laminates Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2013 – 2018) and forecast analysis (2019-2024) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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