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    Aerospace Plastics Market | Covid-19 Impact Analysis

    Aerospace Plastics Market | Covid-19 Impact Analysis

    Aerospace Plastics Market | Covid-19 Impact Analysis
    Report code - SRAD312 Delivery - 2 Weeks
    Aerospace Plastics Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Aerospace Plastics Market

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

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    Impact of COVID-19 on Aerospace Plastics Market

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

    Aerospace Plastics Market Insights

    Aerospace Plastics Market is likely to witness a healthy CAGR of 5.8% during the forecast period. The prime factor contributing to the high growth of aerospace plastics is mainly the organic growth of the aerospace industry coupled with the increasing demand for lightweight components in the industry.

    Aerospace Plastics Market - Snapshot

    Growth

    5.8% for the next five year

    Major Aircraft Type

    Commercial Aircraft

    Dominant Application Type

    Aircraft Interiors

    Region with the highest demand

    North America

    Key Players

    SABIC, Victrex plc, Drake Plastics Ltd., Solvay S.A., BASF SE, Evonik Industries AG, DuPont de Nemours, Inc., Hexcel Corporation, Compagnie de Saint-Gobain S.A., and PPG Industries, Inc.

     

    Market Share Analysis

    Aerospace-Plastics-Market-Dominant-Segments

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    Aerospace Plastics Market Share: By Platform Type

    Based on the platform type, the market is segmented as commercial aircraft, regional aircraft, military aircraft, general aviation, helicopters, and others. The commercial aircraft segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Increasing commercial aircraft deliveries to support rising passenger traffic, introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for plastics in the segment.

    Aerospace Plastics Market Share: By Polymer Type

    Based on the polymer type, the aerospace plastics market is segmented as Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others. The PPMA segment is expected to grow at the highest CAGR in the market during the forecast period, owing to its wider applications such as aircraft canopies, cockpits, portholes, windshields, and exterior lighting.

    Aerospace Plastics Market Share: By Application Type

    Based on the application type, the aerospace plastics market is segmented as aircraft interiors, airframe, windows & windshields, and others. Aircraft interiors was the major application of the aerospace plastics market in 2019, and is expected to remain dominant during the forecast period as well. Plastics are widely used in aircraft interior applications such as ducts, cabin partitions, floor panels, overhead luggage bins, avionics sensor plates, electronic component mounting brackets, and ventilation impeller blades. 

    Aerospace Plastics Market Share: By Region

    In terms of regions, North America is expected to remain the dominant region in the market in the coming five years as the region is the manufacturing capital of the aerospace industry with the presence of several OEMs, tier players, distributors, and raw material suppliers. The USA will continue to propel the demand for aircraft plastics in the region over the next five years.

    Aerospace-Plastics-Market-By-Region

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    Some of the major aerospace plastic manufacturers are-

    • SABIC
    • Victrex plc
    • Drake Plastics Ltd.
    • Solvay S.A.
    • BASF SE
    • Evonik Industries AG
    • DuPont de Nemours, Inc.
    • Hexcel Corporation
    • Compagnie de Saint-Gobain S.A.
    • PPG Industries, Inc.


    Market Scope & Segmentation

    Aerospace plastics are polymers used in the aerospace industry for various applications. Owing to their lightweight, high strength, and durability; plastics are widely used in the aerospace industry.

    Aerospace plastics are widely used in tray tables, arm rests, windows, canopies, air-return grills, avionics instrument panels, bearings & bushings,

    interior components, valve seats and seals, and wire wrap insulation, and other applications of the aircraft.

    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.

    Aerospace Plastics Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    12

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The aerospace plastics market is segmented into the following categories. 

    Aerospace Plastics Market Size, Share, & Forecast, by Platform Type:

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

    Aerospace Plastics Market Size, Share, & Forecast, by Polymer Type:

    • PEEK (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PMMA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • ABS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PPS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Plastics Market Size, Share, & Forecast, by Application Type:

    • Aircraft Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Windows & Windshields (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Plastics Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, 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)

    Aerospace-Plastics-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the 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 the market dynamics and will enable strategic decision making for the 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, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    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 the platform types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product 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 at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Aerospace Plastics Market in the foreseeable future?

    Driven by the factors like organic growth of the aerospace industry, the aerospace plastics market is expected to witness an impressive growth of 5.8% CAGR in the foreseeable future.

    Which type of polymer is expected to grow at highest CAGR in the Aerospace Plastics Market?

    The PPMA segment is expected to grow at the highest CAGR in the aerospace plastics market during the next five years.

    Who are the key players in the Aerospace Plastics Market?

    SABIC, Victrex plc, Drake Plastics Ltd., Solvay S.A., BASF SE, Evonik Industries AG, DuPont de Nemours, Inc., Hexcel Corporation, Compagnie de Saint-Gobain S.A., and PPG Industries, Inc are among the key players in the aerospace plastics market.

    Which country/region is expected to remain the dominant region in the Aerospace Plastics Market?

    North America is expected to remain the dominant region is the aerospace plastics market in the coming five years.

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