Title: Aerospace Plastics Market size worth $15.7bn by 2022: Global Market Insights, Inc.
1Aerospace Plastics Market Size, Industry Share
Forecast, 2016 2022
Aerospace Plastics Market size may register 15.74
billion by 2022
2Global Market Scenario of Aerospace Plastics
Industry
- Aerospace Plastics Market size may register 15.74
billion by 2022 as per the latest research report
by Global Market Insights, Inc. - Strong application outlook of lightweight
materials in aviation industry in order to
improve fuel efficiency and performance is likely
to drive aerospace plastics market size growth. - Regulatory support for aviation industry
development owing to growth in freight air
carriers coupled with increasing defense budgets
should favor demand. Europe, led by France and
Germany aerospace plastics market size, had
significant regional share in 2014 and may
register over USD 6.5 billion by 2022. - France has number of institutions providing
aviation engineering programs and aircraft
companies invest over 15 of their turnover in
research and development activities. These
initiatives help provide quality workforce to
France aviation industry which should favor
aerospace plastics market size growth.
3Continue.....
- Airframe fuselage applications accounted for
highest in the global aerospace plastics market
share in 2015 and may surpass 40 kilo tons by
2022. Aircraft frame contains high amount of
carbon fiber reinforced plastics and composites
making airframe lighter. - Commercial freighter aircrafts dominated the
end-user segment and may surpass USD 10 billion
by 2022. Reduced maintenance and operational
costs achieved due to weight reduction have
encouraged aviation industry to increase polymer
content in commercial freighter aircrafts. This
factor has also shifted the paradigm of the
commercial aircrafts from aluminum to aerospace
plastics. - Stringent regulations coupled with environmental
effect of petro-based products are expected to
limit raw material availability which may affect
aerospace plastics market price trend. Strong
carbon fiber outlook in aviation application may
hamper raw material availability. - Aviation Industry has taken measures to decrease
carbon emission by 1.5 till 2020 by preferring
plastics than metal components. In addition,
aircraft manufacturers are eyeing on development
of eco-friendly composites after carbon footprint
post by Copenhagen Climate Conference in 2009.
- Get more details _at_ http//bit.ly/2czxg00
4Asia Pacific aerospace plastics market share, by
application, 2014
Get Sample Report Copy_at_ http//bit.ly/2czuBDP
5360 Analysis
Request for Customization_at_ http//bit.ly/2d5nO3V
- Application Analysis
- Cabin applications in Europe may register over
USD 1.5 billion by 2022. The seats in the cabin
areas of an aircraft include a wide range of
polymer moldings for products such as trim
strips, decorative closeouts, arm rests, and food
trays. ABS, polycarbonate and decorative vinyl
are materials that are mostly used for these
purposes. - Aerospace plastics market size for airframe
fuselage was the largest segment with revenue
exceeding USD 2.2 billion in 2014. Airframe
construction contains maximum CFRPs composites
which helps in weight reduction by 20 compared
to their aluminum counterparts. - Flight deck cockpit based application accounted
for over 15 of the total demand in 2014 and are
likely to witness significant growth pattern up
to 2022.
6- Regional Analysis
- Global aerospace plastics market size looks set
to show over 10 CAGR growth by 2022. - North America, with aviation industry growth in
the U.S., is poised to surpass USD 5 billion by
2022. Replacement of ageing aircrafts with fuel
efficient ones coupled with strong military
developments. have assisted to drive U.S.
aerospace plastics market size growth -
- APAC is poised to witness significant gains owing
to increasing commercial military aircrafts
demand in China and India. -
- China plays an important role in making of the
787 aircraft by developing and manufacturing
rudder, wing-to-body fairing panels, panels and
leading edge for the vertical fin, and various
other composite parts. -
- North America military aircraft plastic
consumption could exceed 5 kilo tons by 2022.
Increase in government funding owing to rise in
defense sector may drive industry growth.
Inquire For Buying Industry Report_at_http//bit.ly/
2cHdIW0
7- Competitive Market Share
-
- Global aerospace plastics market share is fairly
consolidated with major players serving to more
than 60 of the global demand in 2014. Toray,
Hexcel, HITCO, Mitsubishi, Toho Tenax and Cytec
are among notable industry participants. - Toray Industries led the market share by
supplying advanced engineering materials to
leading aircraft manufacturers such as Airbus and
Boeing. Key companies in this industry include
Hexcel, Mitsubishi Heavy Industries, Cytec
Industries, Ensinger, HITCO Carbon Composites,
Kaman Corp, Composite Holding Comp and Hyosung
Corp. - Other major industries include Tech-Tool
Plastics., Toho Tenax, Premium Aerotec Zoltek and
Saudi Basic Industries. - Request for sample
report_at_ http//bit.ly/2czuBDP
8 Latest Research Report On Aerospace Plastics
Market_at_ http//bit.ly/2czxg00 Request PDF
Brochure_at_ http//bit.ly/2czuBDP
9Stay In Touch You can visit us at
www.gminsights.com
Thank You