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    Aircraft Interior Thermoplastics Market Report

    Aircraft Interior Thermoplastics Market Report
    Report code - SR2978 Published On : Oct,2024 No. of Pages: 120
    Aircraft Interior Thermoplastics Market Size, Share, Trend, Forecast, Competitive Analysis See more...

    “Aircraft Interior Thermoplastics Market value was US$ 443.5 million in 2023 and is likely to grow at a healthy CAGR of 6.7% in the long run to reach US$ 930 million in 2034.”

    Market Dynamics

    Introduction

    Thermoplastics are becoming an integral part of the aerospace industry, particularly in aircraft interiors. Their lightweight nature and versatility make them an appealing choice for designers and manufacturers alike. Unlike traditional materials, thermoplastics can be molded into intricate shapes, allowing for innovative designs that enhance passenger comfort and safety. As airlines strive to improve the flying experience while adhering to strict safety regulations, the use of thermoplastics in interior applications is on the rise. The applications of thermoplastics in aircraft interiors are numerous and vital including seats, galleys, lavatories, stowages, floor panels, and others.

    Thermoplastics bring a host of features that make them particularly suited for aircraft interiors. They can be molded into various shapes and sizes, enabling creative design possibilities. Furthermore, they come in an array of colors and finishes, providing airlines the flexibility to create visually appealing spaces.

    The aircraft interior thermoplastics market is ripe with humongous growth opportunities. As airlines invest in modernizing their fleets and enhancing passenger experiences, the demand for lightweight materials continues to climb. The push for sustainable solutions is driving innovation, allowing for the development of advanced thermoplastic components that offer high performance. As regulatory pressures increase and the aviation industry embraces new technologies, the potential for thermoplastics in aircraft interiors is expanding, paving the way for a brighter, more efficient future in air travel.

    Recent Market JVs and Acquisitions:

    One of the key strategic alliances, including M&As, JVs, etc., that have been performed over the past few years is:

    • In April 2018, Ducommun Incorporated (NYSE) completed the acquisition of Certified Thermoplastics Co., LLC (CTP).

    Market Segments' Analysis

    Segmentations

    List of Sub-Segments

    Segments with High Growth Opportunity

    By Aircraft Type

    Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, and Business Jets

    Narrow-body aircraft is anticipated to drive demand for aircraft interior thermoplastics, whereas wide-body aircraft are expected to experience the fastest growth rate in the coming years.

    By Application Type

    Seats, Galleys, Lavatories, Stowages, Floor Panels, and Others

    Seats are anticipated to be the largest demand generator of thermoplastics and are expected to witness the fastest growth in the coming years.

    By Material Type

    Polyamide (PA), Polycarbonate (PC), Poly vinyl chloride (PVC)and Others

    Polyvinyl chloride (PVC) is anticipated to maintain its dominance and is expected to achieve the fastest growth during the forecast period.

    By Process Type

    Extrusion, Thermoforming, Injection Molding, and Others

    Thermoforming is anticipated to maintain its dominance and is expected to achieve the fastest growth during the study period.

    By End-User Type

    OE and Aftermarket

    OE is expected to maintain its dominance during the forecast period and is also likely to be the faster-growing segment during the same period.

    By Region

    North America, Europe, Asia Pacific, and Rest of The World

    North America is projected to retain its supremacy during the forecast period, whereas Asia-Pacific is expected to experience the fastest growth.

     

    By Aircraft Type

    Narrow-body aircraft are anticipated to drive demand for thermoplastics in interiors. Wide-body aircraft are expected to be the fastest-growing aircraft category during the forecast period.

    • The aircraft interior thermoplastics market is primarily segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets.
    • An expected increase in production rates of key aircraft programs, such as B737Max, and A320 are the key factors driving the narrow-body aircraft segment’s demand. Notably, the A320 and B737 aircraft programs are key demand generators of the market,
    • Increasing focus of OEMs on the wide-body aircraft segment to boost their production rates in the coming years coupled with high plastic content in the next-generation aircraft program, A350XWB, and B787 Dreamliner, propelling high growth opportunities to the wide-body aircraft segment.

    By Application Type

    “Seats are anticipated to be the largest demand generator of thermoplastics and are expected to witness the fastest growth in the coming years.”

    • The aircraft interior thermoplastics market is divided by application into seats, galleys, stowages, floor panels, lavatories, and others.
    • An increasing demand for passenger comfort, customization, and fuel efficiency by reducing overall aircraft weight.
    • The wider application of thermoplastic components in aircraft seats, coupled with the large number of seats installed per aircraft, are key factors driving high demand for thermoplastics in the seat segment.

    By Process Type

    “Thermoforming is anticipated to maintain its dominance throughout the forecast period and is expected to achieve the fastest growth over the next ten years.”

    • The process is segmented into extrusion, thermoforming, injection molding, and others.
    • The thermoforming process is more cost-effective than other manufacturing methods like extrusion and injection molding.
    • This process allows for intricate designs and complex geometries, essential for modern aircraft interiors that prioritize aesthetics and functionality.

    By End-User Type

    OE is expected to remain dominant throughout the forecast period and is also projected to experience faster growth in the market during the same period.

    • The market by end-user type is segmented into OE and aftermarket.
    • Rising aircraft production and deliveries to support the increasing air passenger traffic coupled with the rising demand for sustainable materials in the aviation industry are driving the market’s demand at the OE level.
    • The aging global aircraft fleet size is driving increased demand for replacement parts and maintenance services, influenced by various factors such as stringent aviation regulations and the need to enhance the comfort and functionality of aircraft interiors through retrofitting and upgrades.

    Regional Analysis

    “North America is projected to retain its supremacy during the forecast period, whereas Asia-Pacific is expected to experience the fastest growth during the same period.”

    • The North American region is a manufacturing hub for the aerospace industry, bolstered by the presence of several OEMs, tier players, and raw material suppliers, which significantly drive the demand for interior thermoplastics.
    • The Asia-Pacific region is witnessing a surge in air travel demand, fueled by a growing per capita income, especially in emerging economies, such as China and India, and the rise of low-cost carriers. The increasing presence of giant OEMs, such as Boeing and Airbus, as well as the newly entered OEM, COMAC, boosted the market’s demand in the region.

    Key Players

    The market is fragmented with the presence of several players across regions. Most of the major players compete at some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the aircraft interior thermoplastics market.

    Here is the list of the Top Players (Based on Dominance)

    • PEXCO Aerospace, Inc.
    • HEICO Corporation
    • Trelleborg AB
    • Ensinger GmbH
    • Rehau Group
    • Emerald Aero Group
    • Belgraver B.V.
    • Aerofoam Industries, LLC
    • Universal Plastics Group, Inc.
    • Aereos, INC.

     

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. 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, Service portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The global aircraft interior thermoplastics market is segmented into the following categories:

    Aircraft Interior Thermoplastics, by Aircraft Type

    • Narrow-Body Aircraft
    • Wide-Body Aircraft
    • Regional Aircraft
    • Business Jets

    Aircraft Interior Thermoplastic Market, by Application Type

    • Seats
    • Galleys
    • Lavatories
    • Stowages
    • Floor Panels
    • Others

    Aircraft Interior Thermoplastics Market, by Material Type

    • Polyamide (PA)
    • Polycarbonate (PC)
    • Polyvinyl chloride (PVC)
    • Others

    Aircraft Interior Thermoplastics Market, by Process Type

    • Extrusion
    • Thermoforming
    • Injection Molding
    • Others

    Aircraft Interior Thermoplastics Market, by End-User Type

    • OE
    • Aftermarket

    Aircraft Interior Thermoplastics Market, by Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Research Methodology

    • This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aircraft interior thermoplastics 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 market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The aircraft interior thermoplastics market is projected to grow at a CAGR of 6.7% by 2034 driven by increasing air travel demand, a focus on fuel efficiency, and advancements in manufacturing technologies.

    Pexco Aerospace, Inc., HEICO Corporation, Trelleborg AB, Ensinger GmbH, Rehau Group, Emerald Aero Group, Belgraver B.V., Aerofoam Industries, LLC, Universal Plastics Group, Inc., and Aereos, INC. (arranged based on the dominance) are some of the key players in the market.

    North America has the largest market share in the aircraft interior thermoplastics market. This dominance is attributed to its well-established aerospace industry, featuring major OEMs like Boeing and Lockheed Martin. The region benefits from significant investments in research & development, leading to innovations in materials and manufacturing processes.

    Narrow-body aircraft is the leading segment of the aircraft interior thermoplastics market, driven by the B737 and A320 aircraft programs, being the key demand generator of the segment’s market.

    Seat is projected to witness the fastest growth in the market during the forecast period, driven by an increasing demand for passenger comfort, customization, and fuel efficiency by reducing overall aircraft weight.

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