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    Aircraft Flame Retardant Films Market Report

    Aircraft Flame Retardant Films Market Report
    Report code - SRAD186 Published On : Dec,2018 No. of Pages: 220
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    Aircraft Flame-Retardant Films Market Size, Share, Trend, Forecast, & Competitive Anal See more...

    Impact of COVID-19 on Aircraft Flame Retardant Films Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Flame Retardant Films Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The aircraft flame-retardant films market offers attractive growth opportunities in the entire ecosystem of the market in years to come. The market for aircraft flame-retardant films is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 331.1 million in 2024. Organic growth of aircraft production, rising aircraft fleet size, and stringent regulations regarding passenger safety are the primary drivers of flame-retardant films in the aircraft industry.

    Aircraft-Flame-Retardant-Films-Market-Forecast

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    Airbus anticipated that there would be total deliveries of 37,390 aircraft worth US$ 5.8 trillion in the global marketplace during 2018-2037. Asia-Pacific and North America would be the biggest demand generators with a combined share of 59.4% of the total aircraft deliveries during the period. An expected healthy CAGR of 4.4% in air passenger traffic during 2018-2037 will chiefly drive the demand for new aircraft during this period. This factor will create a sustainable demand for flame-retardant films in the aircraft industry in the foreseen future.

    The Fire Research Program, initiated in 1993, is a long-range effort by the 1988 Aviation Safety Research Act with the goal of developing a fireproof aircraft cabin. The need for fireproof cabin is consistent with the Federal Aviation Administration’s (FAA) National Aviation Research Plan to reduce aviation fatalities and injuries. As in previous studies, it was found that around 40% of fatalities in impact-survivable aircraft accidents are due to the fire and smoke. Over the years, a lot of researches were done on different materials by industry players, which led to the invention of flame-retardant films. A flame-retardant film is manufactured with a goal of reducing or eliminating aviation fatalities and injuries during the accident. These films act as a barrier for fire or flame penetrating the aircraft by displaying self-extinguishing properties. In case of a fire accident, these films slowdowns the rate of fire from further increasing. Flame-retardant films are majorly applied in the fuselage section of an aircraft where it is used with thermal acoustic insulation system, which acts as a complete package for fire protection.

    Segments' Analysis

    Aircraft-Flame-Retardant-Films-Market-Dominant-Segments

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    Aircraft Flame-Retardant Films Market Share by Aircraft Type

    Based on the aircraft type, the market is segmented into commercial aircraft, military aircraft, regional aircraft, general aviation, and helicopter. Commercial aircraft is likely to remain the most dominant and fastest-growing segment of the market during the forecast period. Increasing production rates of key programs, such as B737 and A320 family, to support rising passenger traffic; market entry of new players such as COMAC; and introduction of fuel-efficient variants of existing aircraft programs, such as B737 max, and A320neo, are the major factors driving the demand for flame-retardant films in the commercial aircraft segment.

    Aircraft Flame-Retardant Films Market Share by Material Type

    Based on the material type, the market is segmented into polyvinyl fluoride (PVF), polyetheretherketone (PEEK), polyimide (PI), and others. PEEK film is expected to remain the dominant and fastest-growing segment of the market during the forecast period. PEEK films exhibit better properties, such as good permeation barrier, low-moisture absorption, excellent wear and abrasion resistance, and low smoke and toxic gas emission. All these properties of PEEK films have led to its wide acceptance as flame-retardant material in the aircraft industry.

    Regional Insights

    In terms of region, North America is projected to remain the largest market for aircraft flame-retardant films during the forecast period. The USA is the growth engine of the region’s market and has the largest fleet of military aircraft and one of the largest fleet of commercial aircraft in the world. The presence of all major aircraft OEMs, tier players, aircraft flame-retardant film suppliers, and raw material suppliers are primarily driving the flame-retardant films market in the country.

    Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ).

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 331.1 million

    Regions Covered

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

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, the UK, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

                                                                                          

    The Aircraft Flame-Retardant Films Market is segmented in the following ways:

    Aircraft Flame-Retardant Films Market Size, Share & Forecast by Aircraft Type:

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

     Aircraft Flame-Retardant Films Market Size, Share & Forecast by Material Type:

    • Polyvinyl Fluoride (PVF) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyetheretherketone (PEEK) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyimide (PI) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aircraft Flame-Retardant Films Market Size, Share & Forecast by Blanket Type:

    • Fiber Glass Blanket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Foam Blanket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aircraft Fuel Containment 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, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    The supply chain of this market comprises raw material suppliers, flame-retardant film manufacturers, thermal acoustic insulation system manufacturers, distributors, OEMs, airlines, aircraft leasing companies, and MRO companies.

    The key players in the aircraft flame-retardant films market are-

    • E. I. du Pont de Nemours and Company
    • Solvay S.A.
    • Victrex Plc.

    Development of high-performance flame-retardant films, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.