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Aerospace Plastics Market developing Rapidly with Global Modern Trends, Evolution, Revenue, Demand and Forecast to 2028 | Hexcel, Mitsubishi Heavy Industries, Cytec Industries, Ensinger, among others

10-12-2020 01:59 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INISGHTS

Aerospace Plastics Market

Aerospace Plastics Market

What are Aerospace Plastics and what are their applications?

Aerospace Plastics are high-performance plastics used in different applications in aircraft to reduce the overall weight and improve fuel efficiency. Aerospace plastics are different than normal plastics in a number of ways, including stability in extreme temperatures and pressure, high dielectric strength, flame resistance, mechanical stability, and others. While plastics are generally used for a considerable amount of time in flying machines and protecting aircraft segments from any damage, these new materials are being used to assemble more segments and parts to improve aircraft speed, quality, and usefulness. New composites are adaptable to withstand continuous vibration, inflexibility, and are adequately capable of supporting structures. These plastics offer longer shelf life, fuel economy and compact designs, which together with metals make them critical material in aircraft manufacturing. Their big advantage over metals includes lower costs and time of manufacture.

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These materials are essentially used to make the fundamental body of the air ship and composites; for example, CFRP (Carbon Fiber Reinforced Plastics) is required for resistance against vibrations and mechanical stability. Major factors driving the aerospace plastics market includes growth of the airline sector in developing regions, continuous innovations with respect to aircraft designs, etc. Major consumers of aircraft plastics include aircraft manufacturers such as Airbus, Boeing, Lockheed Martin, Dassault Aviation, Bombardier, Embraer, Gulfstream Aerospace, and others. Increasing defense expenditure of countries to strengthen air defense systems is expected to drive the aerospace plastics market.

Significant Factors Impacting Market Growth:

o High growth of commercial airline sector in developing regions
o Growing government expenditure to strengthen air defense
o Technological developments in aircraft manufacturing

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Regional distribution and potential areas for growth:

The aerospace plastics market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the aerospace plastics market owing to diversified demand from end-use industries and competitive scenarios. Airframe, flight deck & cockpit, cabin areas, wings & rotor blade and others are some of the major end-use industries in those regions. These markets were dynamic in terms of new developments in the products and related activities. Hence, some of this market's emerging sub-segments promise high potential in this region.Major countries for the aerospace plastics market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.

Developing regions including Asia Pacific, South America, and Africa have seen key organic and inorganic growth strategies evolve. With favorable production conditions and high demand from end-use industries, global companies have made strategic investments in these regions. Some of the region's key economies have been China, India, Brazil, South Africa, South Korea, Japan and others.Aerospace, Commercial freighter aircraft, rotary aircraft, general aviation, and military aircraft are some of the major industries in the region with strong potential for the aerospace plastics market.

Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of key markets with demand from aerospace, commercial freighter aircraft, rotary aircraft, general aviation, and military aircraft.

Companies Covered: Hexcel, Mitsubishi Heavy Industries, Cytec Industries, Ensinger, HITCO Carbon Composites, Kaman Corp, and Composite Holding Comp

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Market Segmentation:

By Type:
o Polyetheretherketone (PEEK)
o Polyphenyl Sulfide (PPS)
o Polycarbonate (PC)
o Polymethyl Methacrylate (PMMA)
o Acrylonitrile Butadiene Styrene (ABS)
o Others

By Application:
o Airframe
o Flight Deck & Cockpit
o Cabin Areas
o Wings & Rotor Blades
o Others

By End User:
o Commercial Freighter Aircraft
o Rotary Aircraft
o General Aviation
o Military Aircraft

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Type
o By Application
o By End User

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Application
o By End User

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application
o By End User

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Application
o By End User

o Rest of the World
o By Region (South America, Africa)
o By Type
o By Application
o By End User

Reasons To Buy This Report:

o Market size estimation of the aerospace plastics market on regional and global basis
o Unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: US +1 208 405 2835 UK +44 144 439 0986 APAC +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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