Aerospace Plastics Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2030

Aerospace Plastics Market is expected to grow at a CAGR of over 7% during the forecast period. Plastics can be utilized as an alternative to many metals such as aluminum and other steel components as they are light weighted and are highly durable. Reduced weight of the aircraft enhances the overall performance of the aircraft. The increased demands for lightweight materials in the aerospace industry in order to reduce the overall weight of the aircraft is the primary factor flourishing the growth of the global aerospace plastics market during the forecast period. The increased demand for plastic in applications such as airframe, cabin areas, wings, flight deck, and cockpit, among others are also enhancing the market growth. However, higher costs may negatively affect market growth.

Further, the incorporation of advanced manufacturing technologies such as 3D printing of parts is projected to create ample opportunities for market growth in the near future. In order to reduce the manufacturing costs, the manufacturers may shift towards 3D manufacturing techniques. For instance, aerospace company Lockheed Martin, one of the largest defense contractors of the globe, has become a prominent user of 3D printing. Its 3D printed innovations include propulsion tanks and parts for spacecraft and missiles, and recently in 2018, it completed its largest 3D printed components. The company's work with 3D printing will be expanding with a new $5.8 million contract with the Office of Naval Research. The company received a contract in 2018 to further develop 3D printing for aerospace manufacturing.

To Request a Sample of our Report on Aerospace Plastics Market: https://www.omrglobal.com/request-sample/aerospace-plastics-market

Aerospace plastics Market Segmentation

By Plastic Type

· Thermosetting Polyimide

· Polyamide-imide (PAI)

· Polychlorotrifluoroethylene (PCTFE)

· Polytetrafluoroethylene (PTFE)

By Aircraft Type

· Commercial Aircraft

· Military Aircraft

· Rotary Aircraft

· Others (Spacecrafts)

By Application

· Airframe and Fuselage

· Windows and Wind Shields

· Cabin Areas

· Others (Propulsion System, Wing Box)

A full Report of Aerospace Plastics Market is Available @ https://www.omrglobal.com/industry-reports/aerospace-plastics-market

Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· 3P Performance Plastics Products

· BASF SE

· Big Bear Plastics Products Ltd.

· Drake Plastics Ltd.

· Ensinger Inc.

· Evonik Industries AG

· Hexcel Corp.

· Huntsman International LLC

· Kaman Corp.

· Loar Group

· Mitsubishi Heavy Industries Ltd.

· PACO Plastics Inc.

· SABIC

· Solvay SA

· Toray Industries Inc.

· Vantage Associates, Inc.

· Victrex Plc

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/aerospace-plastics-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.