Stratview Research has published a new report titled “Aerospace Plastics Market” which is segmented by Platform Type (Commercial Aircraft, Regional Aircraft, Military Aircraft, General Aviation, Helicopters, and Others), by Polymer Type (Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others), by Application Type (Aircraft Interiors, Airframe, Windows Windshields, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

As per the study, the market is estimated to grow from US$ 6.95 Billion in 2021 to US$ 12.43 Billion by 2028 at a CAGR of 8.59% during the forecast period of 2022-2028.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

By Platform Type

The Commercial Aircraft segment held the largest share of the market and is expected to remain dominant during 2022-2028.

The market is segmented as commercial aircraft, regional aircraft, military aircraft, general aviation, helicopters, and others. Increasing commercial aircraft deliveries to support rising passenger traffic, introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for plastics in the segment.

By Application Type

Aircraft Interiors was the major application of the aerospace plastics market and is expected to remain dominant during the forecast period.

The aerospace plastics market is segmented as aircraft interiors, airframe, windows windshields, and others. Plastics are widely used in aircraft interior applications such as ducts, cabin partitions, floor panels, overhead luggage bins, avionics sensor plates, electronic component mounting brackets, and ventilation impeller blades. 

By Polymer Type

The Polyether Ether Ketone (PEEK) segment is held the market share 60% of the market in 2021 and expected to grow at a high CAGR during the forecast period.

The aerospace plastics market is segmented as Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others. This segment is driving the market due to its wider applications such as aircraft canopies, cockpits, portholes, windshields, and exterior lighting.

Which Region is expected to remain the largest market?

North America is held the market share 55.8% of the market in 2021 and expected to remain the dominant region during the forecast period.

In the coming five years as the region is the manufacturing capital of the aerospace industry with the presence of several OEMs, tier players, distributors, and raw material suppliers. The USA will continue to propel the demand for aircraft plastics in the region over the next five years.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Aerospace Plastics Market:

• SABIC
• Victrex plc
• Drake Plastics Ltd.
• Solvay S.A.
• BASF SE
• Evonik Industries AG
• DuPont de Nemours, Inc.
• Hexcel Corporation
• Compagnie de Saint-Gobain S.A.
• PPG Industries, Inc.

Key questions answered by the report

• What is the projected CAGR for revenue from the Aerospace Plastics Market during the forecast period?
• What would be the market be valued at by 2028?
• What is a major driving factor for growth of the market?
• Which region accounted for largest revenue share in the Aerospace Plastics Market?
• Which are the major market players?

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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.