Aircraft Plastic Fasteners Market is segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopters, Military Aircraft, and General Aviation), Material Type (Composites, High-Performance Thermoplastics, Nylon, and Others), Product Type (Plastic Clamps, Panel Fasteners, Bonded Fasteners, and Others), and Region (North America, [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Aircraft Plastic Fasteners Market is segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopters, Military Aircraft, and General Aviation), Material Type (Composites, High-Performance Thermoplastics, Nylon, and Others), Product Type ...
Aircraft plastic fastener is a type of temporary joining tool which is used to integrate various aircraft parts. About a million fastener is used in a large aircraft for different applications such as wings, engines, interiors, avionics, and assemblies. Plastic fasteners, now-a-days, qualify several standards to fulfil an aircraft’s requirements with additional features such as lightweight, greater tensile strength, corrosion & high-temperature resistance, rigidity, and excellent shear & fatigue strength.
Market Dynamics
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.
Covid-19 Impact
Due to the sudden outbreak of the pandemic, there was an enormous decline in the aircraft industry across regions. The grave impact of this was registered across the supply chain including all the level of components. Aircraft plastic fasteners, a relatively small but unique market, also could not escape from such trends and witnessed a colossal decline (-41%+ in 2020) amid the pandemic, quite paralleling with the decline in the aircraft industry. The industry was expecting to commence its recovery in 2021, however, due to temporary suspension of B787 deliveries and the postponement of refurbishment orders by several airlines led the industry to suffer a drastic decline again in 2021.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Aircraft Type
Commercial Aircraft, Regional Aircraft, Helicopters, Military Aircraft, and General Aviation.
With the expected recovery from the pandemic, Commercial Aircraft is estimated to remain the dominant as well as the fastest-growing aircraft type till 2028.
Material Type
Composites, High-Performance Thermoplastics, Nylon, and Others (Silicone).
Nylon is likely to remain dominant, whereas composites will be the fastest-growing material type in the market over the next five years.
Panel Fasteners are to be dominant, whereas bonded fasteners are to be the fastest-growing segment till 2028.
Region Type
North America, Europe, Asia-Pacific, and the Rest of the World
North America is likely to maintain its supremacy in the market, whereas Asia-Pacific is to be the fastest-growing region over the next five years.
By 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.
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By 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.
By 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.
Regional Analysis
In terms of regions, North America is expected to remain the largest market for aircraft plastic fasteners during the forecast period. 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.
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Key Players
The aircraft plastic fasteners market is moderately consolidated with the presence of several small and big players across the globe. Most of the major players compete in some of the governing factors including price, product offerings, material used, applications and regional presence. These players either have pre-defined contracts with top tie-players such as Spirit AeroSystems, and Triumph Group and OEMs such as Airbus, Boeing, and Lockheed Martin and have a large number of authorised distributors for the sale of plastic fasteners for wider geographical reach. The following are the key players in the aircraft plastic fasteners market. Most of the major players are providing maximum fastener products with different plastic grades.
Amphenol Air LB.
Boellhoff Group
Click Bond Inc.
Howmet Aerospace Inc.
Lisi Aerospace
Marketing Masters, Inc.
Nyltite™ Corporation of America
Sky Climber Fasteners, LLC
Step’n Components, LLC
Victrex Plc.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft plastic fasteners market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Aircraft Plastic Fastener Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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Detailed profiling of additional market players (up to three players)
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The aircraft plastic fasteners market is estimated to grow at a CAGR of 14.4% by 2027, driven by expected ramp up in aircraft productioc from 2022 onwards.
North America is estimated to remain dominant in the aircraft plastic fasteners market in the foreseen future, due to the presence of a large number of aircraft OEMs, tier players, and aircraft plastic fastener manufacturers in the region.
Asia-Pacific is estimated to remain the fastest-growing market for aircraft plastic fasteners in the foreseen future, driven by the upcoming aircraft program, C919 in China, and the expected return of Boeing 737 max.
Panel fastener is estimated to be dominant in the market in the coming years due to its rising demand in aircraft interiors in applications such as the galley, lavatory, stowage bin, and floor panels.
Lisi Aerospace, Step’n Components, Marketing Masters, Inc., Howmet Fastening Systems, Böllhoff Group, and Victrex Plc. are the leading players in the aircraft plastic fasteners market.
