SAN FRANCISCO, April 28, 2016 /PRNewswire/ --
The global aerospace plastics market is expected to reach USD 11.88 billion by 2022, according to a new report by Grand View Research, Inc. Plastics are being increasingly used in the aerospace industry, due to their beneficial properties including aircraft weight reduction, thereby making it safer and more economical. Development and penetration of advanced plastics including PPS and PMMA has further intensified the market demand for these applications.
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Airframe & fuselage was the largest application accounting for 28.2% in 2014. Aircraft frame contains the maximum amount of carbon fiber reinforced plastic and composites which makes airframes lighter by as much as 20% as compared to conventional aluminum designs. Rising awareness among manufacturers regarding the benefits of these polymers to reduce the overall weight of the aircraft and increase fuel efficiency is expected to propel demand for aerospace grade plastics over the forecast period.
Browse full research report with TOC on "Aerospace Plastics Market Analysis By Polymer, By Application (Airframe & Fuselage, Wings & Rotor Blades, Empennage, Flight Deck & Cockpit, Cabin Areas), By End User (Commercial & Freighter Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/aerospace-plastics-market
Further key findings from the report suggest:
Grand View Research has segmented the global aerospace plastics market by application, end-use and region:
Browse related reports by Grand View Research:
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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