- The global market for global aerospace plastics is expected to grow at a CAGR of 5.4% from 2019 to 2026 and will reach $1,133 million by 2026, reveals a new report added by Big Market Research
PORTLAND, Oregon, Feb. 5, 2020 /PRNewswire/ -- This report provides an in-depth analysis of the global aerospace plastics sector along with the current trends and future estimates to elucidate the upcoming investment pockets. The report outlines market definition, top investment pockets, key findings, top-winning strategies, and scope of the industry. Besides this, it helps in planning investments and capitalizing on market opportunities. Additionally, the research provides helpful study material for shareholders, investors, top market players, and new players to gain insights on current scenarios and form strategies to be adopted in the future.
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As per the report, the global aerospace plastics market is developing at a substantial rate due to factors such as the surge in demand for plastics that can substitute metals, development of the aviation segment, replacement for steel and aluminum, and easy implementation of aircraft design. Furthermore, increase in fuel costs due to decrease in weight of new generation aircrafts to save cost by making them fuel-efficient is also boosting the growth of the global market. Additionally, numerous rules for Petro-based products and growth in carbon fibers hinder the availability of high-grade plastics. In the meantime, production of bio-based products such as reduced tendency on thermoplastic are likely to offer lucrative opportunities for the growth of the market. The report also delivers insights that are helpful for new participants, market players, and investors to gain a competitive edge and withstand a leading position in the global aerospace plastics sector.
The report offers detailed segmentation of the global aerospace plastics market. The market is categorized based on material type, type of aircraft, application, and region. By material type, the study divides the market into PEEK, PMMA, PC, ABS, PPS, and others. Type of aircraft segment is further divided into rotorcraft, military, commercial, and space. By application, the study classifies the market into windows & windshield, cabin interior, airframe, and propulsion system. Regionally, the report studies the global market across Asia-Pacific, North America, Europe, and LAMEA (Latin America, Middle East, and Africa).
The report presents key market players active in the global aerospace plastics industry. An overview of each market player is offered, and their recent developments are highlighted in the report. These market players include Solvay, PPG Industries, DuPont, Victrex plc., Röchling, Sabic, SAINT-GOBAIN, Drake Plastics, Mitsubishi Chemical Advanced Materials, and Ensinger. Other players in the aerospace plastics industry of the market include 3P - Performance Plastics Products, Curbell Plastics, Zeus, Loar Group Polyflour Plastics, Grafix Plastics, PACO Plastics & Engineering Inc., and others. These analyses offer insights which help in identifying the leading segments and forming strategies to gain a leading position in this market.
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