Aerospace Plastic Market 2021 Global Leaders: DuPont de Nemours, Inc., Hexcel Corporation, Premium AEROTEC GmbH

aerospace plastic market size reached USD 17.93 Billion in 2020 and is expected to register a revenue CAGR of 7.7%, during the forecast period, according to latest analysis by Emergen Research. Increasing demand for lightweight and more fuel-efficient aircraft, as well as rising focus on providing better safety to passengers are some of the major factors driving global aerospace plastic market revenue growth.  

Rising demand for thermoplastic for lightweight applications in aerospace industries is expected to boost market growth as plastics are widely used for interior applications, avionics sensor plates, electronic component mounting brackets, and ventilation impeller blades due to lightweight as well as good electrical insulation and heat resistance properties. Plastics like PEEK can be adopted to replace metal fasteners and screws, and no changes are required in the overall design of existing parts, thereby allowing for direct replacement of OEM components. Reinforced thermoplastics have considerably changed the design and construction of many types of aircraft, making these more lightweight, which leads to better performance and improved fuel efficiency. Plastics like acrylonitrile butadiene styrene, polyetheretherketone, and polyphenylene sulphide are finding a wide range of applications in the aerospace industry.

The all-encompassing report on the Aerospace Plastic market projects the prospective growth of the industry. It gives and extensive analysis of the market size, share, demand, trends, gross revenue, total earnings to draw a forecast of the growth in the years 2021 to 2028. The study estimates the potential growth of the industry and the factors responsible for the expansion of the business. The study highlights the driving forces, restrains and hurdles for the growth of the market.

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It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Aerospace Plastic through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.

Top Companies Operating in the Aerospace Plastic Market and Profiled in the Report are:  DuPont de Nemours, Inc., Hexcel Corporation, Premium AEROTEC GmbH, Solvay S.A., PPG Industries, Inc., Evonik Industries AG, BASF SE, Curbell Plastics, Inc., Drake Plastics Ltd., and Saudi Basic Industries Corporation.

The study aims to provide a forecast of the growth of the Aerospace Plastic market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis.  The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

Key Highlights From the Report

Polychlorotrifluoroethylene segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing applications in the aerospace industry. Since it is a fluorochemical plastic with a blend of physical and mechanical properties, it can be used in or out of corrosive environments. In addition, it is chemical and fire resistant with a low moisture absorption rate, can tolerate extreme temperatures ranging from -400 °F to +400 °F, and exhibits great electrical properties, making the material ideal for aerospace applications.

Propulsion systems segment is expected to register a significantly robust revenue growth rate over the forecast period as air mobility is evolving at a fast pace, requiring lighter yet safe propulsion technology. Composite material applications in aircraft engines results in lighter weight propeller parts that can withstand high temperatures and impacts.

Europe is expected to account for a considerably robust revenue share over the forecast period as this industry requires a skilled workforce with expertise in the design and development of complex aerospace structures, and countries in Europe have engineering expertise.

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Emergen Research has segmented the global aerospace plastic market on the basis of material type, applications, aircraft types, and region:

Material Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Polymethyl Methacrylate (PMMA)

Polyether Ether Ketone (PEEK)

Polychlorotrifluoroethylene (PCTFE)

Thermosetting Polyimide

Polyamide-imide (PAI)

Applications Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Aerostructure

Cabin Interiors

Construction And Insulation Components

Propulsion Systems

Windshields

Aircraft Panels

Satellites

Aircraft Types Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Commercial Aircraft

Military Aircraft

Cargo Aircraft

Rotorcrafts

Spaceships

General Aviation

The report on the Aerospace Plastic market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders. Extensive coverage of the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Aerospace Plastic market for the forecast period from 2021 to 2028.

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The research provides answers to the following key questions:

What will be the growth rate of the Aerospace Plastic market for the forecast period, 2021 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?

What are challenges and threats faced by the prominent vendors operating in the Aerospace Plastic market?

Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?

What are the past, present and emerging trends likely to influence the growth rate of the Aerospace Plastic market for the forecast period, 2021 to 2028?

What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?

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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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