Aircraft Plastic Fasteners Market is Forecasted to Reach US$ 150 million in 2027, Says Stratview Research

The global aircraft plastic fasteners market is projected to witness a growth rate of 14.4% annually from 2022 to 2027, with an anticipated size of US$ 150 million by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft plastic fasteners 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 2027: US$ 150 million
Growth (CAGR): 14.4% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Plastic Fasteners Market:
The global aircraft plastic fasteners market is segmented based on aircraft type, material type, product type, and region.

Based on aircraft type - The aircraft plastic fasteners market is segmented into commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. With the highest share of plastic fasteners, commercial aircraft is expected to remain the largest as well as the fastest-growing aircraft type in the market during the forecast period. An expected recovery in air travel is pushing airframers to increase the production rate of key programs by both aircraft giants: Boeing and Airbus. As per the latest Airbus commercial aircraft outlook for 2022-2041, in the next twenty years, 39,490 commercial aircraft are likely to be delivered out of which 80% would be narrow-body aircraft only.

Based on the material type - The market is segmented into composites, high-performance thermoplastics, nylon, and others. Nylon is expected to remain the dominant material type whereas composites are expected to be the fastest-growing material type in the market during the same period. Nylon exhibits several features such as high-tensile strength, electrical insulation, and corrosion resistance, and are strong, lightweight, and versatile. Nylon fasteners are offered by several major players such as Step'n Components, HellermannTyton, and Amphenol with different grades as it is the most suited material for fasteners.

Based on the product type - The market is segmented into plastic clamps, panel fasteners, bonded fasteners, and others. Panel fasteners are expected to maintain their dominance, whereas bonded fasteners are expected to be the fastest-growing product type in the market during the forecast period. Panel fasteners are majorly used in honeycomb sandwich structures which are installed for larger areas, such as floor, walls, and ceiling panels. Bonded fasteners are generally bonded with high-performance adhesives (like epoxy) to eliminate the need to mechanically drill the holes for their insertion and provide clean fittings.

To know the most attractive segments, visit:
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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 plastic fasteners during the forecast period. This growth outlook is majorly attributed to the following-
- The region has the presence of a large number of major OEMs, such as Airbus, Boeing, Bombardier, and Lockheed Martin, as well as tier players, and raw material suppliers; making the region the growth engine of the aircraft industry.
- The majority of aircraft plastic fastener manufacturers are having presence in the region to meet OEMs' urgent needs and serve as a partner and establish new contracts for early Covid-19 recovery.
- Asia-Pacific is likely to grow at the fastest pace in the market over the next five years, driven by an expected rebound in aircraft deliveries to meet the rising air passenger travel, especially in emerging economies: China and India; healthy growth of low-cost carriers by private airlines for the affordable journey, upcoming aircraft program, C919 and expected to return of B737max in China.

Aircraft Plastic Fasteners Market Drivers:

Some of the key drivers listed in the report are given below.
- The aircraft plastic fasteners market is quite aligned with the organic growth of the aircraft industry.
- The expected recovery in air passenger travel coupled with huge order backlogs of aircraft OEMs and retrofitting plans of older aircraft is likely to boost the demand for plastic fasteners from 2022 onwards.

Top Companies in the Aircraft Plastic Fasteners Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Amphenol Air LB.
• Boellhoff Group
• Click Bond Inc.
• Howmet Aerospace Inc.
• Lisi Aerospace
• Marketing Masters, Inc.
• NyltiteTM Corporation of America
• Sky Climber Fasteners, LLC
• Step'n Components, LLC
• Victrex Plc.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Plastic Fasteners 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.