Aerospace Thermoplastics Market is Forecasted to Reach US$ 267.3 million in 2026, Says Stratview Research

The global aerospace thermoplastics market is projected to witness a growth rate of 8.3% annually from 2021 to 2026, with an anticipated size of US$ 267.3 million by 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aerospace thermoplastics 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 2026: US$ 267.3 million
Growth (CAGR): 8.3% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aerospace Thermoplastics Market:
The global aerospace thermoplastics market is segmented based on aircraft type, resin type, application type, form type, and region.

Based on aircraft type - the market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, spacecraft, and others. In 2020, all platform types recorded severe declines except spacecraft in the wake of the pandemic. Among all platform types, commercial aircraft, regional aircraft, and general aviation are the biggest victims of the pandemic. Military aircraft to record a relatively low decline in the year 2020.
Despite logging a massive decline in 2020, the commercial aircraft segment is likely to maintain its dominance in the market during the forecast period. Both Boeing and Airbus have huge order backlogs of 11,179 aircraft (Airbus: 7,163 and Boeing: 4,106) as of January 2021 and as per the new Boeing outlook suggesting that deliveries of 43,110 new aircraft during 2020-2039, are likely to resuscitate the demand for thermoplastics in the commercial aircraft segment in the long term.

Based on the resin type - The market is segmented as high-performance thermoplastics (HPTPs), engineered thermoplastics, and standard thermoplastics. HPTPs are further segmented into PPS, PAEK Family, PASU Family, PEI, HPPAs, and Others. Similarly, engineering thermoplastics are further segmented into PC, PA, and others, and standard thermoplastics into PP, PS, and others. In terms of value, HPTPs are likely to remain the most dominant and the fastest-recovering segment in the post-pandemic market developments. HPTPs are gaining traction in the aerospace industry because of their better temperature stability, excellent chemical resistance, and higher mechanical properties. Among HTTPs, PPS is likely to maintain its supremacy in the market with an excellent CAGR during the forecast period.

Based on the end-use type - The market is segmented as exteriors, interiors, assembly components, and others. Among all end-use application segments, the interiors are likely to remain one of the most dominant segments, whereas assembly components are likely to be the fastest-growing end-use type in the market over the next five years. In interiors, all three sets of thermoplastics (HPTPs, engineering, and standard) are used; however, their usage and applications are subjected to various parameters including strength, toughness, cost, etc. For instance, engineered thermoplastics and standard thermoplastics are preferred in low-load-bearing applications, such as dashboards and cabinets, whereas HPTPs are preferred in parts requiring higher dimensional stability with excellent FST performance.

Based on the form type - The market is classified as reinforced thermoplastics and unreinforced thermoplastics. Reinforced thermoplastics are likely to maintain their dominance in the market by 2026. Reinforced thermoplastics provide a substantial boost in modulus and stiffness. The stiffness gain through the impregnation of reinforcements with thermoplastics increases performance at elevated temperatures.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/686/aerospace-thermoplastics-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is projected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-
- The USA is anticipated to remain not only the largest market in North America but also in the world throughout the study period (2015-2026), owing to the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators.
- Europe and Asia-Pacific are the other major markets and are also likely to experience hefty declines in the demand for thermoplastics in the aerospace industry in 2020.
- Asia-Pacific is anticipated to log the quickest recovery in the market during the forecast period.
- The upcoming commercial aircraft program (C919), the opening of assembly plants in China by Boeing and Airbus, and an ongoing shift in assembly plants of OEMs in the region are likely to create a healthy long-term demand for aerospace thermoplastics in the region.

Aerospace Thermoplastics Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing demand for lightweight materials to enhance fuel efficiency, rising aircraft production, and stringent emission regulations.
- Advancements in thermoplastic composites, cost-effective manufacturing processes, and growing adoption in both commercial and military aviation.

Top Companies in the Aerospace Thermoplastics Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Solvay S.A.
• Victrex plc
• BASF SE
• China Lumena New Materials Corporation
• DIC Corporation
• SABIC
• Toray Industries, Inc.
• Evonik Industries AG
• Arkema S.A.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aerospace Thermoplastics 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?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Aerospace High-Performance Thermoplastics Market: https://www.stratviewresearch.com/647/aerospace-high-performance-thermoplastics-market.html

• High-Performance Thermoplastic Composites Market: https://www.stratviewresearch.com/542/high-performance-thermoplastic-composites-market.html

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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.
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This release was published on openPR.