Global Aerospace Plastics Market

Aerospace Plastics Market by Aircrafts (Commercial Aircraft [Narrow Body and Wide Body], Regional Jet, Business Jet, Helicopter, and Military Jet), Applications (Cabin Interiors, Window & Windshields, Airframe, and Propulsion Systems), Fit (Line Fit and Retrofit), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: MC-2887
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 198
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The aerospace plastics market is estimated to register a robust CAGR during the forecast period, between 2021 and 2028. Acoustic, thermal, and chemical resistant high-performance plastics are known as aerospace-grade plastics. Advanced passenger aircraft such as A350 XWB utilize the advantages of lightweight and good strength of aerospace-grade plastics. A proliferating tourism industry and an increase in business travel have further fueled demand for aerospace-grade plastics.

Global Aerospace Plastics Market summary

The COVID-19 pandemic disrupted the aerospace industry, resulting in grounding of aircrafts across the globe, hampering the market growth. However, the relaxation in restrictions on air travel is positively stimulating the market growth.

Market Trends, Drivers, Restraints, and Opportunities:

  • The development of materials to replace aircraft doors and fuselages to withstand hydrolysis and radiation is estimated to boost the market growth.
  • The aerospace sector is perceiving considerable growth in developing economies, which can create a lucrative opportunity for the market during the forecast period.
  • Growing air passenger traffic coupled with commencement of several new air travel routes across the globe is anticipated to drive the demand for new aircrafts, thus augmenting plastic consumption.
  • High cost of advanced materials can restraint the growth of the market.
  • Creation of competitive fare structure offering economical air travel opportunities is escalating the market size expansion. 

Scope of the report:

The report on aerospace plastics market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Aerospace Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Aircrafts (Commercial Aircraft [Narrow Body and Wide Body], Regional Jet, Business Jet, Helicopter, and Military Jet), Applications (Cabin Interiors, Window & Windshields, Airframe, and Propulsion Systems), Fit (Line Fit and Retrofit)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

SABIC, Victrex, Drake Plastics Ltd., Solvay, BASF SE, and Evonik.

Aerospace Plastics Market Segment Insights:

Commercial aircraft segment is projected to hold significant market share

In the terms of aircrafts, the market can be divided into commercial aircraft, regional jet, business jet, helicopter, and military jet. The commercial aircraft can be further divided into narrow body and wide body. The commercial aircraft segment is projected to hold a significant market share in the coming years. The expanding global economy and increasing air passenger traffic are expected to boost the demand for commercial aircraft, thereby increasing the demand for aerospace plastics.

Cabin Interiors segment is anticipated to account for a substantial share

Based on applications, the aerospace plastics market can be segmented into cabin interiors, window & windshields, airframe, and propulsion system. The cabin interiors segment is anticipated to account for a substantial share. In this segment, plastics are used in several cabin interior applications such as door slides, latches, drawers, stowage bins parts, stowage bin doors, seating, and other interior elements. Aircraft manufacturers are developing high impact, fire-rated thermoplastic materials with improved durability and chemical resistance. Moreover, the development of components complying with fungus test can escalate the industry growth.

Global Aerospace Plastics Market applications

Retrofit segment is anticipated to growing at a significant pace in near future

On the basis of fits, the market can be bifurcated into line fit and retrofit. The retrofit segment is estimated to grow at a significant pace in near future. Increase in aircraft orders as well as deliveries, economic growth across regions, surge in low-cost carriers and domestic civil aviation, efficient alternatives to current installed lights, and increase in passenger traffic are the factors driving the growth of this segment. The requirement for advanced technologies, such as light emitting diode as well as organic light emitting diode by the airliners worldwide is fueling the growth of aircraft cabin lights.

North America is expected to dominate the market

In terms of regions, the aerospace plastics market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market due to demand for fuel-efficient aircrafts on account of narrow profit margins and increasing fuel prices. High replacement rate, mainly for regional aircraft, is driving the market in North America. The urge to modify or replace the existing inefficient airplanes with fuel-efficient aircraft is expected to augment the market growth in this region.

Global Aerospace Plastics Market region

Segments

By Aircrafts

  • Commercial Aircraft
    • Narrow Body
    • Wide Body
  • Regional Jet
  • Business Jet
  • Helicopters
  • Military Jet

By Applications

  • Cabin Interiors
  • Windows & windshields
  • Airframe
  • Propulsion System

By Fits

  • Line fit
  • Retrofit

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • SABIC
  • Victrex
  • Drake Plastics Ltd.
  • Solvay
  • BASF SE
  • Evonik

Competitive Landscape

Key players in the aerospace plastics market are SABIC, Victrex, Drake Plastics Ltd., Solvay, BASF SE, and Evonik. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Global Aerospace Plastics Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aerospace Plastics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Aerospace Plastics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Aerospace Plastics Market - Supply Chain
  4.5. Global Aerospace Plastics Market Forecast
     4.5.1. Aerospace Plastics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Aerospace Plastics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Aerospace Plastics Market Absolute $ Opportunity
5. Global Aerospace Plastics Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Aerospace Plastics Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Aerospace Plastics Demand Share Forecast, 2019-2026
6. North America Aerospace Plastics Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Aerospace Plastics Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Aerospace Plastics Demand Share Forecast, 2019-2026
7. Latin America Aerospace Plastics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Aerospace Plastics Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Aerospace Plastics Demand Share Forecast, 2019-2026
8. Europe Aerospace Plastics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Aerospace Plastics Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Aerospace Plastics Demand Share Forecast, 2019-2026
9. Asia Pacific Aerospace Plastics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Aerospace Plastics Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Aerospace Plastics Demand Share Forecast, 2019-2026
10. Middle East & Africa Aerospace Plastics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Aerospace Plastics Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Aerospace Plastics Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Aerospace Plastics Market: Market Share Analysis
  11.2. Aerospace Plastics Distributors and Customers
  11.3. Aerospace Plastics Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. SABIC
     11.4.2. Victrex
     11.4.3. Drake Plastics Ltd.
     11.4.4. Solvay
     11.4.5. BASF SE
     11.4.6. Evonik

By Aircrafts

  • Commercial Aircraft
    • Narrow Body
    • Wide Body
  • Regional Jet
  • Business Jet
  • Helicopters
  • Military Jet

By Applications

  • Cabin Interiors
  • Windows & windshields
  • Airframe
  • Propulsion System

By Fits

  • Line fit
  • Retrofit

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • SABIC
  • Victrex
  • Drake Plastics Ltd.
  • Solvay
  • BASF SE
  • Evonik

Key players in the aerospace plastics market are SABIC, Victrex, Drake Plastics Ltd., Solvay, BASF SE, and Evonik. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Global Aerospace Plastics Market keyplayers

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