High performance engineering plastics due to their light
weight are best fit for the aerospace industries. Using plastics in aircraft
also improves the fuel efficiency. Plastics are used in the interior and
exterior part of the aircrafts. Plastics such as acrylonitrile butadiene
styrene, polyetheretherketone and polyphenylene sulphide are used in many
applications. In air ducts, cabin partitions, floor plans, luggage bins,
sensors etc. uses plastic as a material. Due to high strength and durability,
plastics are used in the aerospace industry.
Global
Aerospace Plastics Market is
estimated to grow with a stable CAGR of 5.27% in the forecast period of
2019-2026. The report contains data from the historic year of 2017, and the
base year of 2018.
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Key Market Competitors: Global
Aerospace Plastics Market
Few of the
major competitors currently working in aerospace plastics market Hyosung
Corporation, Mitsubishi Heavy Industries, Ltd., Kaman Corporation, Hexcel,
Holding Compony Composite, Solvay, HITCO Carbon Companies, Inc., DuPont, PPG
Industries, Inc., Saint- Gobain S.A., Vantage Plane Plastics, Tejin Carbon
Europe GmbH, Paco Plastics, Inc., Mulford.
Key Developments in the Market:
·
In
September 2017, Solvay announced the production of their new high performance
polyetherketoneketone (PEKK). The aim is to meet the aerospace demand for
thermoplastics composites and 3D printing components.
·
In
October 2015, Victrex announced the launch of their new composites for
aerospace- unidirectional tape and laminate panels under the Victrex AE250.
They are designed to work under load.
Competitive Analysis:
Global Aerospace Plastics Market
Global aerospace plastics market is highly fragmented and
the major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of aerospace plastics market for global, Europe, North America, Asia Pacific,
South America and Middle East & Africa.
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This
comprehensive Global Aerospace Plastics Market report underlines the primary and
secondary drivers, market share, possible sales volume, leading segments and
geographical analysis. Have your business at the highest level of growth with
this all-inclusive Global Aerospace Plastics Market research report. Moreover,
this market research report puts forth thorough overview of the market where it
identifies industry trends, determines brand awareness and influence, provides
industry insights and offers competitive intelligence. The report precisely collects
the information about effective factors for the Chemical and Materials industry
which includes customer behaviour, emerging trends, product usage, and brand
positioning.
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