Aerospace & Defense Thermoplastic Composites Market Size, Share & Forecast (2020-2025)

Aerospace & Defense Thermoplastic Composites Market Insights

The global A&D thermoplastic composites market is likely to offer significant opportunities over the next five years reaching an estimated value of US$ 768.7 million in 2025. Increasing commercial and regional aircraft deliveries, increasing demand for advanced composites in the structural applications of aircraft, increasing production rates of composites rich aircraft (B787 and A350XWB), increasing demand for thermoplastic composites to fabricate structural and interior parts, and superior benefits of thermoplastic composites including recyclability and reduction in parts count are the key factors that are driving the demand for thermoplastic composites in the aerospace & defense industry.

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Eye-catching growth of the market is driving the composite stakeholders to either execute merger & acquisition (M&A) activities in order to become a potential player in the market or enter in the market by developing products addressing market requirements. Also, the past five years were amazing in the composites industry with regard to market consolidation as big companies are acquiring small but uniquely positioned companies. The thermoplastic composites market was also not untouched with such dynamics and recorded a good number of acquisitions in the entire value chain. Among many M&A activities, the most noticeable one was the acquisition of TenCate’s Advanced Composites division by Toray for €930 million to gain a consequential position in the thermoplastic composites market.

Aerospace & Defense Thermoplastic Composites Market Share Analysis

Aerospace & Defense Thermoplastic Composites Market Share by Aircraft Type

The A&D thermoplastic composites market is segmented based on the aircraft type as Commercial Aircraft, General Aviation, Military Aircraft, and Others. Commercial aircraft is projected to remain the most dominant aircraft type in the global A&D thermoplastic composites market during the forecast period. Increasing production of commercial aircraft coupled with increasing penetration of thermoplastic composites, especially in commercial aircraft, is likely to fuel the growth of the segment in the coming years.

Aerospace & Defense Thermoplastic Composites Market by Resin Type

Based on the resin type, the A&D thermoplastic composites market is segmented as PPS Composites, PEEK Composites, PEI Composites, and Other Composites. PPS resin dominates the A&D thermoplastic composites market and is expected to remain the largest segment during the forecast period. PPS resins have good dimensional stability even at elevated temperatures and in a harsh chemical environment. They also have the advantage of molding complex parts easily with tight tolerance. The resins have successfully found usage in various aircraft applications, especially in airframe applications.

Aerospace & Defense Thermoplastic Composites Market Share by Fiber Type

Based on the fiber type, the A&D thermoplastic composites market is segmented as Carbon Fiber Composites and Glass Fiber Composites. Carbon fiber is projected to remain the larger fiber type in the global A&D thermoplastic composites market during the forecast period. Extremely low weight coupled with high tensile and compression strength is the key growth driver of carbon fiber in the A&D thermoplastic composites market. On the other hand, glass fiber is likely to remain the second choice in the forecast period, due to its relatively low performance than carbon fiber.

Regional Insights

Based on the region, Europe is expected to remain the largest market during the forecast period. Airbus is the major consumer of thermoplastic composites. Major tier players have set up manufacturing plants with high proximity to the Airbus’ assembly plants to fulfill their emerging requirements for its next-generation aircraft program. North America also holds a reasonable share in the A&D thermoplastic composites market. Boeing and Gulfstream Aerospace are the key OEMs, which are creating a healthy demand for thermoplastic composite parts in the region.

Key Players

The supply chain of this market comprises raw material suppliers, thermoplastic composite suppliers, tier players, and aircraft OEMs, and airline companies. The key thermoplastic composite suppliers are TenCate (Now part of Toray), Solvay S.A., and RTP Company. Some of the major thermoplastic component manufacturers in the market include AVANCO Group (Xperion Performance Polymer Composites), Daher-Socata, Dutch Thermoplastic Components B.V., GKN Aerospace (Fokker Aerostructures), and Premium AEROTEC GmbH. The major aircraft OEMs are Airbus, Boeing, Gulfstream Aerospace, and Dassault Aviation.

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Market Scope & Segmentation

The market is segmented in the following ways:

Aerospace & Defense Thermoplastic Composites Market Size, Share & Forecast by Aircraft Type:

• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace & Defense Thermoplastic Composites Market Size, Share & Forecast by Resin Type:

• PPS Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PEEK Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PEI Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace & Defense Thermoplastic Composites Market Size, Share & Forecast by Application Type:

• Interior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace & Defense Thermoplastic Composites Market Size, Share & Forecast by Fiber Type:

• Carbon Fiber Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Glass Fiber Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace & Defense Thermoplastic Composites Market Size, Share & Forecast by Process Type:

• Compression Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• AFP/ATL (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace & Defense Thermoplastic Composites Market Size, Share & Forecast by Region:

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Japan, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: The Middle East, Latin America, and Others)

Report Features

The exclusive report from Stratview Research on the Thermoplastic composites market in the Aerospace & Defense industry provides the 360-degree view of the market with regard to market assessment, competitive landscapes, growth opportunities, emerging trends, and product development. The report is first of its kind and identifies the huge growth opportunities for the market participants in years to come. The report can be decisive for the market stakeholders who are willing to expedite their growth process in the market as well as investors, who want to understand the future growth trajectory of the material in the A&D industry with an ultimate aim to mitigate their investment risk. 

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.