“Aircraft Thermoforming Sheets market value was US$ 119.5 million in 2023 and is likely to grow at a robust CAGR of 7.1% in the long run to reach US$ 263 million in 2034”.
Market Dynamics
Introduction
The aircraft interior market is booming, driven by the need for lighter, more efficient aircraft. Central to this growth is the innovative use of lightweight materials like thermoforming sheets; these sheets enable the creation of lightweight parts—like cabin panels, seat backs, and galleys—that enhance functionality and aesthetics while improving fuel efficiency. The sheets are highly durable and offer long-term reliability. Beyond interiors, thermoforming also impacts aircraft exteriors, enabling the production of streamlined, aerodynamic components that further reduce weight and enhance performance, solidifying their role in advancing the aviation industry.
Recent Market JVs and Acquisitions:
Strategic alliances, including M&As, JVs, etc., have been performed over the past few years.
- In April 2018, Ducommun Incorporated (NYSE) completed acquiring Certified Thermoplastics Co., LLC (CTP).
Market 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 expected to drive growth in the thermoforming sheets market, with demand likely to rise quickly.
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By Application Type
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Seats, Galleys, Lavatories, Stowages, Floor Panels, and Others
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Seats are projected to remain the dominant application in the aircraft thermoforming sheets market for the foreseeable future.
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By Material Type
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Polycarbonate (PC), Polyvinyl Chloride (PVC), and Others
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Polyvinyl chloride (PVC) currently holds the largest market share in the aircraft thermoforming sheets market and is anticipated to experience the fastest growth till 2034.
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By End-User Type
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OE and Aftermarket
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The OE segment is the market's leading end-user and is expected to retain its position throughout the forecast period.
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By Region
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North America, Europe, Asia Pacific, and Rest of The World
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North America is likely to continue being the largest region throughout the forecast period, whereas the Asia Pacific region is set for the fastest growth during the same period.
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By Aircraft Type
“Narrow-body aircraft is expected to remain the largest demand generator of thermoforming sheets, whereas wide-body aircraft is likely to witness the fastest growth in the market during the forecast period (2024-2034).”
- The aircraft thermoforming sheets market is primarily segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets.
- The narrow-body aircraft segment is mainly driven by Boeing’s B737 and Airbus’ A320 aircraft programs, supported by rising air passenger traffic and market entry of new aircraft programs, such as A321XLR and C919.
- Whereas the wide-body aircraft segment is mainly driven by OEMs' increasing focus on increasing the production rates of key wide-body aircraft coupled with the market entry of the next-generation aircraft program B777x.
By Application Type
“Seats are projected to remain the dominant application in the thermoforming sheets market for the foreseeable future.”
- The market is segmented into floor panels, galleys, seats, lavatories, stowages, and others.
- Seats are projected to remain the dominant application type due to the wide application of thermoforming in seats coupled with the large volume of seats installed in an aircraft in comparison to other application types. The seat segment is also expected to experience the fastest growth in the market till 2034.
- Collectively, these segments illustrate the versatility of thermoforming sheets in creating a range of essential aircraft parts that enhance overall functionality and passenger cabin comfort.
By Material Type
“Polyvinyl chloride (PVC) currently holds the largest market share in the aircraft thermoforming sheets market and is anticipated to experience rapid growth during the forecast period.”
- The market is segmented into polyamide (PA), polycarbonate (PC), and others.
- Polyvinyl chloride (PVC) dominates the market due to its versatility, cost-effectiveness, durability, resistance to chemicals, moisture, and UV rays, and its potential for incorporating recycled content makes it an environmentally friendly choice. Furthermore, its ease of fabrication and maintenance contributes to reduced lifecycle costs for airlines.
- Polycarbonate (PC) is vital for small aircraft parts, recognized for its outstanding impact resistance and optical clarity. Its ability to be easily molded into complex shapes allows for innovative design solutions that improve aerodynamics and functionality.
- PVC and PC contribute to significant weight reduction, compliance with stringent safety regulations, and improved aesthetics in aircraft interiors.
By End-User Type
“The OE segment is the leading end-user type of the aircraft thermoforming sheets market and is expected to retain its position throughout the forecast period.”
- By end-user type, the market is segmented into OE and aftermarket.
- The OE segment is propelled by healthy growth in aircraft production and deliveries to support the rising passenger traffic. As per Boeing’s Commercial Market Outlook 2023-2042, it is expected that there will be 43,975 new commercial and regional aircraft deliveries during the next 20 years.
- The aftermarket segment is also significant, due to the emphasis on sustainability, which has led airlines to seek eco-friendly options for refurbishing interiors.
Regional Analysis
“North America is likely to maintain its supremacy in the aircraft thermoforming sheets market throughout the forecast period, whereas the Asia-Pacific region is set to offer impressive growth opportunities in the market during the same period.”
- The market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
- The North American market is mainly driven by the USA. The USA is the manufacturing hub of the aerospace industry with the presence of several industry stakeholders, raw material suppliers, tier players, and OEMs in the country. The robust supply chain of the region along with the dominance of North America in the overall aircraft industry, are the major factors for generating high demand for the thermoforming sheets in the region.
- Increasing air travel demand in the Asia-Pacific region, expanding airline fleets, rising investments in aviation infrastructure in Asia Pacific, and the push for modernization and compliance with international standards are driving the adoption of advanced thermoforming techniques and the use of thermoforming sheets 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. The following are the key players in the aircraft thermoforming sheet market.
Here is the list of the Top Players (Based on Dominance)
- SEKISUI KYDEX, LLC
- SIMONA Boltaron Inc.
- SABIC
- Schneller, Inc.
- Sumitomo Bakelite Co., Ltd.
- Toray Advanced Composites
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 thermoforming sheets market is segmented into the following categories.
Aircraft Thermoforming Sheets Market, by Aircraft Type
- Narrow-Body Aircraft
- Wide-Body Aircraft
- Regional Aircraft
- Business Jets
Aircraft Thermoforming Sheets Market, by Application Type
- Floor Panels
- Galleys
- Seats
- Stowages
- Lavatories
- Others
Aircraft Thermoforming Sheets Market, by Material Type
- Polyvinyl Chloride (PVC)
- Polycarbonate (PC)
- Others
Aircraft Thermoforming Sheets Market, by End-User Type
Aircraft Thermoforming Sheets 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 thermoforming sheets 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.
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- Detailed profiling of additional market players (up to three players)
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- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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