What are the Growth Drivers of Aerospace Plastics Market? BASF Corporation, Victrex, Solvay, Performance Plastic Ltd, Saint Gobain, Ensinger Plastics, AIP, and EPTAM Precision Plastics
Europe is expected to proliferate high demand for aerospace plastics owing to the presence of skill and proficiency in the plastics domain. The increasing demand for lightweight materials have simultaneously progressed the demand for aerospace plastics. For instance, in November 2014, Victrex invests USD 25 million in UK to open advanced manufacturing facility for high performance thermoplastic films for aerospace industries. In addition, the company is investing USD 141 million for its third Polyether ether ketone (PEEK) plant in UK.
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The commercial aircraft segment is estimated to hold dominance in aerospace plastics over the study timeframe. The rise in demand for light weight interior and exterior structures in order to improve fuel efficiency is likely to contribute towards the industry growth. For instance, in 2016, Sekisui Polymer Innovations proposed aviation grade thermoplastic sheet for aircraft seats and other interior components. In addition, development of thermoplastic grade including
POM-H, POM-C, PTFE, and PA66 and their usage in commercial aircraft components will support the aerospace plastics market share.
The growing demand for additive manufacturing such as 3D printing is recognized to be the key trend promoting the aerospace plastics market growth. The factors such as rapid production of replacement parts and ease in complex components production are proliferating the usage of 3D printing. For instance, in November 2017, Emirates airlines announced the use of 3D printing technology to manufacture the components of the air
craft cabins. The components manufactured are 9%-13% lighter than the alternative materials and are obedient to fire retardant standards.
Aircraft manufacturers are focused on construction of lightweight and advanced design & solutions for manufacturing exterior and interior structures of new generation aircraft. Replacement of heavy metals by the advanced plastics in aircrafts is expected to strengthen the market share over the coming years.
The rising air carrier fleets owing to proliferating air passenger traffic is expected to augment the expansion of the aerospace plastics market share over the coming years. For instance, according to the International Air Transport Association (IATA) data from 2018, air passenger traffic rose to 6.5%, as compared with 2017. The superior corrosion resistance property and high strength to weight ratio is further propellin
g the demand for aerospace plastics market share over the study timeframe.
The cabin interiors segment is expected to witness significant growth owing to the use of high-performance plastic to enhance the air passenger?s travelling experience. The usage of advanced plastics contributes to enhance the aesthetics of cabin interiors with cost efficient products. For instance, in 2015, Sekisui SPI introduced Kydex 4545, a new innovation to its thermoplastic product line. The product provides superior impact strength and meets the stringent FAA regulations.
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The prominent players in aerospace plastics market include BASF Corporation, Victrex, Solvay, Performance Plastic Ltd, Saint Gobain, Ensinger Plastics, AIP, and EPTAM Precision Plastics. The industry players are adopting strategic partnerships with aircraft component manufacturers as key strategy to enhance their market share. For instance, in June 2017, Solvay announced partnership with GKN Aerospace. The Solvay supply thermoplastic materials to GKN Aerospace for usage in aircraft production.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Aerospace Plastics Industry Insights
Chapter 4. Aerospace Plastics Market, By Aircraft
Chapter 5. Aerospace Plastics Market, By Application
Chapter 6. Aerospace Plastics Market, By Fit
Chapter 7. Aerospace Plastic Market, By Region
Chapter 8. Company Profiles
Global Aerospace Plastics Market Insights, Forecast to 2025
This study categorizes the global Aerospace Plastics breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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