Market Overview:
The global aerospace plastics market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and fuel-efficient aircrafts. Additionally, the increasing adoption of composites in aircraft manufacturing is also contributing to the growth of the global aerospace plastics market. The glass reinforced plastic segment is expected to dominate the global aerospace plastics market during the forecast period, owing to its high strength-to-weight ratio and corrosion resistance properties. The carbon fiber reinforced plastic segment is projected to grow at a higher CAGR than other segments during the forecast period, as it offers superior mechanical properties as compared with other types of reinforcements used in aerospace plastics. In terms of application, fuselage accounted for majority share of revenue generated by global aerospace plastics market in 2017 and this trend is anticipated continue over next few years as well .
Product Definition:
Aerospace plastics are a type of plastic that is used in the aerospace industry. They are typically strong and lightweight, which makes them ideal for use in aircraft and spacecraft. Aerospace plastics can be used for a variety of applications, including cabinetry, insulation, windows, and more.
Glass Reinforced Plastic:
Glass reinforced plastics (GFRP) are high performance engineering materials that exhibit excellent resistance to mechanical stress, chemical exposure and heat. They also have the ability to sustain varying degrees of thermal expansion and contraction. These properties make GFRP an ideal material for use in applications such as aerospace, automotive & transportation, electronics & electrical where extreme durability is required.
Carbon Fiber Reinforced Plastic:
Carbon fiber reinforced plastic (CFRP) is a carbon-based polymer that contains reinforcing fibers, which are typically incorporated during the manufacturing of plastics. CFRP products have high tensile strength and low weight as compared to other engineering thermoplastics; this allows them to be used in applications where high load factors are encountered.
Application Insights:
Wings and empennage are the major application areas in the aerospace plastics market. These applications accounted for a revenue share of 33.1% and 32.9% respectively in 2017 owing to growing demand from commercial aviation sector, particularly, air taxi and air charter operations. The fuselage is estimated to be the fastest-growing segment over the forecast period owing to increasing demand from regional airlines as well as low-cost carriers operating on short-haul domestic routes or intercontinental flights across Europe, North America and Asia Pacific regions.
Regional Analysis:
The market in the Asia Pacific and Middle East & Africa is expected to grow at a significant rate owing to the increasing demand for commercial aircraft. The rise in air passenger traffic has resulted in an increased demand for new aircraft, which will drive the growth of this industry over the forecast period.
The growing aerospace industry coupled with rising defense expenditure by countries such as China and India is likely to propel product demand over the next eight years. In addition, rapid industrialization along with favorable government policies aimed at promoting domestic manufacturing activities is anticipated to augment market growth across these regions.
In North America, stringent regulations by regulatory bodies such as Federal Aviation Administration (FAA) regarding plastic parts used on civil aircraft are expected favorably impact overall market growth over the coming years. Furthermore, high disposable income of consumers coupled with their willingness to spend on luxury travel are projected boost regional product consumption trends during 2017 - 2030 periods respectively.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient aircrafts is expected to drive the growth of aerospace plastics market.
- Rising air passenger traffic across the globe is also anticipated to boost the demand for aerospace plastics in the coming years.
- Growing investments in R&D activities by leading players is likely to propel the growth of this market in near future.
- Stringent regulations pertaining to emissions and noise levels from aircraft are projected to create new opportunities for aerospace plastics market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Plastics Market Research Report
By Type
Glass Reinforced Plastic, Carbon Fiber Reinforced Plastic, Aramid Reinforced Plastic
By Application
Fuselage, Wings, Empennage, Others
By Companies
Saint-Gobain, Cytec Industries, Quadrant, Hexcel, Toray, Universal Plastics, Aero Plastics & Structures, Stack Plastics, Composite Holding Company, Hyosung, Saint-Gobain, Mitsubishi Heavy Industries, Premium Aerotec, Tech-Tool Plastics, SABIC, Toho Tenax, SGL Group, Ensinger, Curbell Plastics, Superior Plastics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Plastics Market Report Segments:
The global Aerospace Plastics market is segmented on the basis of:
Types
Glass Reinforced Plastic, Carbon Fiber Reinforced Plastic, Aramid Reinforced Plastic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fuselage, Wings, Empennage, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saint-Gobain
- Cytec Industries
- Quadrant
- Hexcel
- Toray
- Universal Plastics
- Aero Plastics & Structures
- Stack Plastics
- Composite Holding Company
- Hyosung
- Saint-Gobain
- Mitsubishi Heavy Industries
- Premium Aerotec
- Tech-Tool Plastics
- SABIC
- Toho Tenax
- SGL Group
- Ensinger
- Curbell Plastics
- Superior Plastics
Highlights of The Aerospace Plastics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass Reinforced Plastic
- Carbon Fiber Reinforced Plastic
- Aramid Reinforced Plastic
- By Application:
- Fuselage
- Wings
- Empennage
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerospace Plastics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerospace plastics are a type of plastic that is used in the aerospace industry. Aerospace plastics are made to withstand high temperatures and pressure, which makes them ideal for use in aircrafts and other equipment.
Some of the major players in the aerospace plastics market are Saint-Gobain, Cytec Industries, Quadrant, Hexcel, Toray, Universal Plastics, Aero Plastics & Structures, Stack Plastics, Composite Holding Company, Hyosung, Saint-Gobain, Mitsubishi Heavy Industries, Premium Aerotec, Tech-Tool Plastics, SABIC, Toho Tenax, SGL Group, Ensinger, Curbell Plastics, Superior Plastics.
The aerospace plastics market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Plastics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aerospace Plastics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace Plastics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aerospace Plastics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aerospace Plastics Market Size & Forecast, 2020-2028
4.5.1 Aerospace Plastics Market Size and Y-o-Y Growth
4.5.2 Aerospace Plastics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Glass Reinforced Plastic
5.2.2 Carbon Fiber Reinforced Plastic
5.2.3 Aramid Reinforced Plastic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fuselage
6.2.2 Wings
6.2.3 Empennage
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Plastics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace Plastics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Glass Reinforced Plastic
9.6.2 Carbon Fiber Reinforced Plastic
9.6.3 Aramid Reinforced Plastic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fuselage
9.10.2 Wings
9.10.3 Empennage
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Glass Reinforced Plastic
10.6.2 Carbon Fiber Reinforced Plastic
10.6.3 Aramid Reinforced Plastic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fuselage
10.10.2 Wings
10.10.3 Empennage
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Glass Reinforced Plastic
11.6.2 Carbon Fiber Reinforced Plastic
11.6.3 Aramid Reinforced Plastic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fuselage
11.10.2 Wings
11.10.3 Empennage
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Glass Reinforced Plastic
12.6.2 Carbon Fiber Reinforced Plastic
12.6.3 Aramid Reinforced Plastic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fuselage
12.10.2 Wings
12.10.3 Empennage
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Glass Reinforced Plastic
13.6.2 Carbon Fiber Reinforced Plastic
13.6.3 Aramid Reinforced Plastic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fuselage
13.10.2 Wings
13.10.3 Empennage
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace Plastics Market: Competitive Dashboard
14.2 Global Aerospace Plastics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saint-Gobain
14.3.2 Cytec Industries
14.3.3 Quadrant
14.3.4 Hexcel
14.3.5 Toray
14.3.6 Universal Plastics
14.3.7 Aero Plastics & Structures
14.3.8 Stack Plastics
14.3.9 Composite Holding Company
14.3.10 Hyosung
14.3.11 Saint-Gobain
14.3.12 Mitsubishi Heavy Industries
14.3.13 Premium Aerotec
14.3.14 Tech-Tool Plastics
14.3.15 SABIC
14.3.16 Toho Tenax
14.3.17 SGL Group
14.3.18 Ensinger
14.3.19 Curbell Plastics
14.3.20 Superior Plastics
