Stratview Research announces the launch of a new market research report on Aerospace & Defense Thermoplastic Composites Market by Aircraft Type (Commercial Aircraft, General Aviation, Military Aircraft, and Others), by Resin Type (PPS Composites, PEEK Composites, PEI Composites, and Other Composites), by Application Type (Interior, Airframe, and Others), by Fiber Type (Carbon Fiber Composites and Glass Fiber Composites), by Process Type (Compression Molding, Injection Molding, AFP/ATL, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace and defense thermoplastic composites market realities and future market possibilities for the forecast period of 2021 to 2026. This is one of our best-selling reports from the kitty of aerospace composites reports which also include aerospace thermoplastics market, aerospace prepreg market, aerospace high-performance thermoplastics market, and aircraft cabin interior composites market. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for A&D thermoplastic composites at the global, regional, as well as country level. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenarios. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies.
Aerospace & Defense Thermoplastic Composites Market: Highlights
Thermoplastic composites are considered excellent materials for current and future aircraft components. Years of R&D and continuous efforts assisted the industry stakeholders to replace not only various metallic parts but also thermoset composite parts. An expected recovery in commercial aircraft deliveries, increasing demand for the weight reduction to improve fuel economy and reduction in carbon emissions in the aerospace industry, increasing penetration of composites in modern aircraft programs, and low processing cost coupled with the advantage of recyclability of thermoplastic composites over thermoset composites are the growth drivers for thermoplastic composites in the aerospace industry.
The A&D thermoplastic composites market is highly dependent on the organic growth of aircraft industry. In 2020, the market witnessed a severe decline in the wake of the pandemic. The market is expected to witness a further decline in 2021, and then bounce back in 2022, followed by a sequential growth till 2026, reaching an estimated US$ 465.4 million in 2026. The aerospace industry is among the worst-hit industries by the pandemic; however, its strong fundamentals, such as huge order backlogs, will rejuvenate the industry’s growth avenues in the coming years.
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Based on the aircraft type, commercial aircraft is expected to remain the largest segment of the market over the next five years and is also expected to experience the fastest recovery during the same period. The key driving factor is expected recovery in commercial aircraft deliveries coupled with the increasing thermoplastic composites content per aircraft. Among different commercial aircraft types, short-haul aircraft are to experience the fastest recovery with recouping in the domestic air traffic across the globe.
Based on the resin type, PPS is estimated to maintain its huge dominance in the market. The key driving factor includes high penetration of PPS composites in mass-volume airframe applications. Some notable advantages offered by PPS are good dimensional stability, excellent resistance to a wide variety of aggressive chemicals, and can be used to mold complex parts with very tight tolerances.
Based on the application type, airframe holds a giant share of the market with a good level of thermoplastic composite penetration in this segment. Key application areas in airframe are clips, cleats, leading edges, panels for the fuselage, shear webs, stringers, ribs, rudders, and elevators. There is also growing interest for thermoplastic composites in interiors with floor panels, brackets, profiles, and seat backs being key applications.
Based on the fiber type, carbon fiber composite is estimated to maintain its huge dominance in the market in the foreseen future. Excellent weight reduction, high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance are some key advantages that drive the segments’ market. On the other hand, glass fiber composite holds a niche market with good prevalence in interior applications where it meets the desired performance.
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In terms of regions, Europe is expected to remain the largest market over the next five years. Germany, France, and the UK are the leading markets in the region. Airbus is the major consumer of thermoplastic composites here. Major tier players have set up manufacturing plants with high proximity to the Airbus’ assembly plants to fulfill their emerging requirements for its next-generation aircraft programs. North America also holds a reasonable share in the A&D thermoplastic composites market. Boeing and Gulfstream Aerospace are the key OEMs, which are creating a healthy demand for thermoplastic composite parts in the region.
The supply chain of this market comprises raw material suppliers, thermoplastic composite suppliers, tier players, aircraft OEMs, and airlines. Key thermoplastic composite material suppliers are TenCate (Now part of Toray), Solvay S.A., Teijin, and RTP Company. Key aerospace and defense thermoplastic composite component suppliers are ATC Manufacturing, AVANCO Group (XELIS), Cutting Dynamics Inc., Daher, Dutch Thermoplastic Components B.V., GKN Aerospace (Melrose Industries PLC), Premium AEROTEC GmbH, SEKISUI Aerospace, and Triumph Group.
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 on 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:
This report studies the global aerospace & defense thermoplastic composites market and has segmented the market in six ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the six ways in which the market is segmented:
A&D Thermoplastic Composites Market, By Aircraft Type
A&D Thermoplastic Composites Market, By Resin Type
A&D Thermoplastic Composites Market, By Application Type
A&D Thermoplastic Composites Market, By Fiber Type
A&D Thermoplastic Composites Market, By Process Type
A&D Thermoplastic Composites Market, By Region
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
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