Aircraft Flame-Retardant Films Market Growth Analysis | 2019-2024

Market Insights

The aircraft flame-retardant films market was estimated at USD 237 million in 2018 and is likely to grow at a CAGR of 5.6% during 2019-2024 to reach USD 331.1 million in 2024.

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Market Dynamics

Introduction

Over the years, a lot of research was done on different materials by industry players, which led to the invention of flame-retardant films. A flame-retardant film is manufactured with the 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 slow down the rate of fire from further increasing. Flame-retardant films are primarily applied in the fuselage section of an aircraft, where they are used with a thermal acoustic insulation system, which acts as a complete package for fire protection.

Market Drivers

The major factors driving the growth of the aircraft flame-retardant films market are:

• Organic growth of aircraft production.
• Rising aircraft fleet size.
• Stringent regulations regarding passenger safety.

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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 foreseeable 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 cabins 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 fire and smoke.

Segment Analysis

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.

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, the opening of assembly plants of Boeing and Airbus in China, and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ).

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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.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects aircraft flame-retardant films 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 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 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.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The aircraft flame-retardant films market is segmented in the following ways:

By Aircraft Type

• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Helicopter
• Military Aircraft

 By Material Type

• Polyvinyl Fluoride (PVF)
• Polyetheretherketone (PEEK)
• Polyimide (PI)
• Others

 By Blanket Type

• Fiber Glass Blanket
• Foam Blanket
• Others

 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)

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Report Customization Options

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 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the component types by application type.

Competitive Benchmarking

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

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