The global aerospace plastics market is expected to reach USD 1.04 million by 2025, according to a new report by Radiant Insights, Inc. Non-corrosive nature and high-temperature resistance of plastics are expected to bolster market growth over the forecast period.
Aerospace plastics exhibit heat resistance and high strength properties. It's high modulus of elasticity aids in the production of various aircraft components such as fuselage, airframe, empennage, etc. In addition, plastics are lightweight nevertheless high-performance alternatives to metals such as steel and aluminum; as a result, the market is expected to grow significantly.
Growing adoption of highly durable and chemical resistant plastics are expected to drive market over the forecast period. However, the components manufactured with the use of polymers are hard to inspect for flaws, leading to quality variations and defects. Increased incidents of plastic fracture and failure along with high maintenance, repair and operating costs are posing a threat to aerospace plastics market growth.
Aerospace plastics provide a high degree of freedom in the designing of complicated components of an aircraft. As a result, the percentage of the material utilized in manufacturing commercial and military aircrafts has increased significantly over the past couple of decades, which in turn has bolstered the demand for polymers in aerospace applications.
Further key findings from the report suggest:
- Aerostructure segment accounted for was over 291.3 million in 2016. The growing use of plastics in fuselage, airframe and other integral components of an aircraft is expected to drive segment growth over the next eight years.
- The demand for the product in propulsion systems was over 2,847.6 tons in 2016. The utilization of the polymers in propeller systems, bearing bushes, turbines and nacelles are expected to have a positive impact on industry growth over the forecast period
- Commercial & freighter aircraft accounted for the majority of the revenue share. The rapid growth in the air passenger traffic has led to the increased production of commercial aircraft, which in turn is expected to bolster the demand for the polymers
- North America accounted for the over 40% of the revenue share in 2016. The growing demand for commercial aircraft coupled with the presence of Boeing, a leading manufacturer of aircraft is expected to drive the demand for aerospace polymers in the region
- The market is fragmented wherein the global players adopt various marketing and pricing strategies to gain market share and acquire the business from major aircraft manufacturers such as Airbus, Boeing, and Lockheed Martin
To Access Browse Full Research Report @: http://www.radiantinsights.com/research/aerospace-plastics-market-analysis
Table of Contents
Chapter 1. Methodology and Scope1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary2.1. Market snapshot
Chapter 3. Aerospace Plastics Industry Outlook3.1. Market segmentation
3.2. Market size and growth prospects, 2014 - 2025
3.3. Value chain analysis
3.4. Regulatory Framework
3.5. Market dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.6. Key opportunities prioritized
3.7. Industry analysis - Porter's
3.8. PESTEL analysis, 2015
3.2. Market size and growth prospects, 2014 - 2025
3.3. Value chain analysis
3.4. Regulatory Framework
3.5. Market dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.6. Key opportunities prioritized
3.7. Industry analysis - Porter's
3.8. PESTEL analysis, 2015
To Access Request A Sample Copy Of This Report at: http://www.radiantinsights.com/research/aerospace-plastics-market-analysis/request-sample
About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com
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