Aerospace Plastics Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies

The aerospace plastics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Aerospace Plastics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The aerospace plastics market size has grown strongly in recent years. It will grow from $0.75 billion in 2023 to $0.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to regulatory standards, environmental concerns, air travel demand, aging aircraft fleet, globalization of supply chains.

The aerospace plastics market size is expected to see strong growth in the next few years. It will grow to $1 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising electric and hybrid aircraft, shift in passenger preferences, rise in investment in aviation sector, rising demand for plastics. Major trends in the forecast period include sustainable materials, improved fire resistance, materials innovation, electrically conductive plastics, material traceability and certification.

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Scope Of Aerospace Plastics Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Aerospace Plastics Market Overview

Market Drivers –
The increasing fleet size of commercial aircraft is significantly contributing to the growth of the aerospace plastics market. The aircraft fleet is known as the number of airplanes operated by the respective airline. Increasing fleet size requires new aircraft parts to be installed and the replacement of the old parts, thereby promoting the growth of aerospace plastics used in the manufacturing of aircraft parts. For instance, according to Boeing, a US-based aerospace company’s commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 airplanes by 2040. Therefore, the increasing fleet size of commercial aircraft is driving the growth of the aerospace plastics market.

Market Trends –
Product innovations are shaping the aerospace plastics market. The major players in the market are developing innovative products in the aerospace plastics market to lead the market. For instance, in March 2021, Evonik, a Germany-based specialty chemicals company, launched a new 3D printable filament based on PEEK (polyether ether ketone). The new filament, called INFINAM® PEEK 9359 F, is a high-temperature and chemical-resistant polymer that is suitable for the additive manufacturing of demanding industrial and aerospace plastic parts. The natural-colored PEEK filament has a diameter of 1.75 mm and is wound on 500 g spools suitable for direct use in standard FFF/FDM 3D printers for PEEK materials.

The aerospace plastics market covered in this report is segmented –

1) By Polymer Type: Polyether Ether Ketone (PEEK), Polymethyl Methacrylate (PMMA), Polycarbonates (PC), Polyphenylene Sulfide (PPS), Acrylonitrile Butadiene Styrene (ABS)
2) By Application: Aircraft Frame, Components, Cabin Interiors, Wings And Rotor Blades, Other Applications
3) By End-use: Commercial Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation

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Regional Insights –
North America was the largest region in the aerospace plastics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace plastics market share during the forecast period. The regions covered in the aerospace plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies –
Major companies operating in the aerospace plastics market include Saudi Basic Industries Corporation, Badische Anilin- und Sodafabrik, Solvay SA, DuPont de Nemours, Inc., Victrex plc, Evonik Industries AG, Saint-Gobain Performance Plastics, Drake Plastics Co Ltd., PACO Plastics & Engineering Inc., Mitsubishi Chemical Advanced Materials, Rochling SE & Co. KG, Performance Plastics Products, Grafix Plastics, HITCO Carbon Composites Inc., Tech-Tool Plastics Inc., Hexcel Corporation, Owens-Corning Fiberglass Company, Performance Plastics Ltd., Polyfluor Plastics BV, Premium AEROTEC GmbH, Quadrant AG, Sumitomo Bakelite Co. Ltd., Teijin Ltd., Toray Industries Inc., Westlake Chemical Corporation, Zeus Industrial Products Inc., Zylog Plastalloys Pvt Ltd., Huntsman Corporation, Koninklijke Ten Cate BV, Loar Group Inc.

Table of Contents
1. Executive Summary
2. Aerospace Plastics Market Report Structure
3. Aerospace Plastics Market Trends And Strategies
4. Aerospace Plastics Market – Macro Economic Scenario
5. Aerospace Plastics Market Size And Growth
…..
27. Aerospace Plastics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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