Aircraft Decorative Laminates Market is Forecasted to Reach US$ 388 million in 2032, Says Stratview Research

The global aircraft decorative laminates market is projected to witness a growth rate of 4.0% annually from 2024 to 2032, with an anticipated size of US$ 388 million by 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft decorative laminates market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2032: US$ 388 million
Growth (CAGR): 4.0% during 2024-2032
Forecast Period: 2024-2032
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Decorative Laminates Market:
The global aircraft decorative laminates market is segmented based on aircraft type, application type, laminate type, end-user type, and region.

Based on aircraft type - The aircraft decorative laminates market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and general aviation. Narrow-body aircraft is expected to remain the largest aircraft type in the market during the forecast period, mainly driven by the growth of low-cost carriers, increasing popularity of air travel, re-entry of B737Max, and introduction of variants of existing and upcoming aircraft programs, such as A321XLR, Irkut MC-21, and COMAC C919. The B737 Max and A320 are the two biggest demand generators in narrow-body aircraft.
Moreover, wide-body is expected to be the fastest-growing aircraft in coming years due to the shifting focus of Airbus and Boeing on the production of wide-body aircraft, the resumption of the B787 deliveries, and the recovery of international air travel.

Based on the application type - The market is segmented into interior panels, overhead stowage bins, seats, galleys, and others. Interior panels are expected to remain the dominant application. Large surface areas of sidewall panels and ceiling panels lead to its dominance. Interior panels account for a mammoth share in both value and volume basis in 2023.
Seat is likely to grow at the fastest rate in the coming years on account of the development of advanced, lightweight, and compact seats and the growing trend of installing premium economy-class seats and smart cabin seats.

Based on the laminate type - The market is segmented into film laminate and reinforced laminate. Film laminate is expected to remain the dominant application type in the market, owing to its suitability for 3D or complex-shaped cabin interior parts and superior formability which provides the ability to be bent and applied over to any complex curves.
In addition, they are also cheaper than reinforced laminates. Reinforced laminates are used only on 2D or flat surfaces where high strength is required.

Based on the end-user type - The market is segmented into OE and aftermarket. Aftermarket is expected to be the larger segment of the aircraft decorative laminates market whereas OE is the faster-growing segment during the forecast period.
Airlines and aircraft manufacturers seek to enhance the passenger experience, meet regulatory requirements, and maintain or upgrade aircraft interiors. Advancements such as lightweight laminates, antimicrobial coatings, and innovative designs create opportunities for aftermarket upgrades.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/459/Aircraft-Decorative-Laminates-Market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for aircraft decorative laminates during the forecast period. This growth outlook is majorly attributed to the following-
- North America has a well-established and robust commercial aviation industry.
- It is home to major airlines, aircraft manufacturers, and maintenance, repair, and overhaul facilities.
- The continuous growth and expansion of the commercial aviation sector in North America drive the demand for decorative laminates in the aftermarket as airlines seek to upgrade their aircraft interiors.
- Asia-Pacific is expected to be the fastest-growing region in the coming eight years, due to factors, such as rising disposable incomes, expanding middle-class population, growing per capita income, and increasing preference for air travel, and tourism.
- This surge in air travel creates a higher demand for new aircraft deliveries and retrofitting of existing aircraft, driving the need for decorative laminates in the aftermarket.

Aircraft Decorative Laminates Market Drivers:

Some of the key drivers listed in the report are given below.
- Rising commercial aircraft deliveries, increasing focus on the launch of fuel-efficient programs, development of smart cabin interior solutions, and expanding aircraft fleet sizes.
- In the year 2023, both Boeing and Airbus experienced a notable upswing in their commercial aircraft deliveries, reaching a combined total of 1,263 units.
- This represented a substantial growth compared to the previous year, 2022, during which the two aerospace giants jointly delivered 1,143 commercial aircraft.
- Manufacturers are investing in research and development to develop advanced, efficient, and lightweight products.

Top Companies in the Aircraft Decorative Laminates Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• DUNMORE Corporation
• DuPont de Nemours, Inc.
• Isovolta AG
• Schneller LLC.
• The Boeing Company

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Decorative Laminates Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.