“The Aircraft Extrusion Market value was US$ 96.0 million in 2023 and is likely to grow at a significant CAGR of 6.0% in the long run to reach US$ 186 million in 2034.”
Market Dynamics
Introduction
The aircraft interior market is experiencing significant growth, driven by rising demand for lighter and more efficient aircraft, particularly in emerging markets. Plastics have become integral to this market due to their lightweight, durable, and versatile nature, significantly contributing to weight reduction as well as achieving the desired properties. Extrusion is one of the key processes for shaping these plastic components, allowing for the creation of tailored parts used in flooring panels, seats, galleys, stowages, and lavatories. This method enhances aircraft interiors' durability and aesthetic appeal and meets stringent safety standards.
Seat track capping, galley bump strips, carpet joiners, cable raceways, and transition strips are some of the key interior plastic parts made with the extrusion process. With the recent advancements in manufacturing technologies to improve interior plastic parts performance in load-bearing, torque handling, and gear drive capabilities, there has been a continuous rise in the use of plastics in the aerospace industry to replace metal parts.
Specialty-grade plastics with superior heat, chemical, and radiation resistances play an important role in the growing role of thermoplastics in the aerospace industry. The technological advancements in manufacturing processes include improved extrusion techniques that allow for greater design flexibility and efficiency. Continuous innovation and significant R&D investments propel the development of high-quality extruded plastics that enhance performance, safety, and passenger comfort, which offers high growth opportunities to the market.
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).
Segments Analysis
Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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By Aircraft Type
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Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, and Business Jets
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Narrow-body aircraft are anticipated to drive demand for extrusion plastics, whereas wide-body aircraft are expected to experience the fastest growth rate in the coming years.
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By Application-Type Analysis
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Seats, Galleys, Lavatories, Stowages, Floor Panels, and Others
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Floor panels are anticipated to be the largest demand generator for extruded parts. Seats are expected to witness the fastest growth in the coming years.
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By Material-Type Analysis
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Polyamide (PA), Polycarbonate (PC), and Others
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Polyamide (PA) is anticipated to maintain its dominance in the market throughout the forecast period and is also expected to achieve the fastest growth during the same period.
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By End-User-Type Analysis
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OE and Aftermarket
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OE is expected to maintain its dominance during the forecast period and is also likely to be the fastest-growing segment during the same period.
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Regional Analysis
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North America, Europe, Asia Pacific, and Rest of the World
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North America is projected to retain its supremacy during the forecast period, whereas Asia-Pacific is expected to experience the fastest growth.
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By Aircraft Type
“Narrow-body aircraft are anticipated to drive demand for extruded parts, whereas wide-body aircraft are expected to be the fastest-growing aircraft type in the market during the forecast period.”
- The aircraft extrusion market is primarily segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets.
- Narrow-body aircraft are anticipated to drive demand for extruded parts due to their widespread utilization in regional and short-haul flights. Extruded plastics allow for the creation of complex, ergonomic designs and optimize space. A320 and B737 aircraft programs are the key demand generator for extruded plastics.
- High growth of the wide-body aircraft segment is fueled by increasing demand for long-haul travel and the expansion of international flight routes. High plastic content in the next-generation aircraft program, A350XWB, and B787 Dreamliner, also propelling the segment demand.
- Regional aircraft and business jet segments continue to generate fair demand for extruded plastics tailored for lightweight, high-durability applications and minimizing operational costs.
By Application Type
“Floor panels are likely to maintain the dominance in the aircraft extrusion market, whereas seats are expected to experience the fastest growth in the coming years.”
- The aircraft extrusion market is divided by application type into seats, galleys, stowages, floor panels, lavatories, and others.
- Floor panel plays an essential role in ensuring structural integrity and safety, supporting significant loads, and withstanding harsh flight conditions. Extruded plastics are favored in floor panel applications for their high strength, lightweight properties, and corrosion resistance.
- The seat segment is driven by an increasing demand for passenger comfort, customization, and fuel efficiency by reducing overall aircraft weight.
- Overall, the use of extruded plastics across these segments significantly enhances aircraft interiors by reducing weight, enabling innovative designs, and improving durability, resulting in a more comfortable and efficient cabin environment for passengers.
By Material Type
“Polyamide (PA) is anticipated to maintain its dominance throughout the forecast period and is also expected to achieve the fastest growth during the same period.”
- The market is segmented into polyamide (PA), polycarbonate (PC), and Others.
- Polyamide (PA) is anticipated to maintain its dominance, due to its excellent strength, rigidity, toughness, dimensional stability, and exceptional chemical resistance.
- Polycarbonate (PC) is utilized because of its high impact strength and optical clarity. It is used in several transparent applications, such as windows and lavatory components with high durability. The flame retardance of PC has also made it ideal to use in strict aviation safety standards.
By End-User Type
“OE is expected to remain dominant throughout the forecast period and is also projected to experience the fastest growth in the market during the same period.”
- The market is segmneted into OE and aftermarket.
- The OE segment is driven by the rising aircraft production to support the increasing air passenger traffic coupled with the expected entry of new aircraft programs such as B777x.
- The aftermarket segment is likely to maintain fair demand by 2034, due to the growing aircraft fleet size and rising demand for advanced lightweight interiors, which prompts the replacement of outdated interiors.
Regional Analysis
“North America is projected to retain its dominance during the forecast period, whereas Asia-Pacific is expected to experience the fastest growth in the market during the same period.”
- North America is the manufacturing hub of the aerospace industry led by the presence of OEMs like Boeing and Lockheed Martin; who ultimately drive the demand for extruded plastics.
- The Asia-Pacific region is witnessing a surge in air travel demand, fueled by a growing middle-class per capita income and the rise of low-cost carriers. Government initiatives and the rapid adoption of new manufacturing technologies further boost demand for extruded plastics in the region.
Key Players
The market is moderately consolidated with the presence of several players across regions. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. Some of the major players are also providing interior plastics made with other processes, such as injection molding and thermoforming. The following are the key players in the Aircraft Extrusion Market.
Here is the list of the Top Players (Based on Dominance)
- Pexco Aerospace, Inc.
- Certified Thermoplastics Co., LLC (CTP)
- Ensinger GmbH
- Rehau Group
- Trelleborg AB
- Stükerjürgen Aerospace Composites GmbH & Co. KG
- Belgraver B.V.
- Aereos, INC.
Note: The above list does not necessarily include all the top players in the market.
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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
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth Analysis of the Aircraft Extrusion Market
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How lucrative is the future?
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The market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market segment analysis and Forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirement?
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10% free customization
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Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aircraft extrusion market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner 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.
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- Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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