The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

 

The global aerospace plastics market is on a steady ascent, witnessing growth from $0.71 billion in 2022 to $0.75 billion in 2023, with a notable compound annual growth rate (CAGR) of 5.5%. Looking ahead, projections suggest further expansion, reaching a market size of $0.93 billion in 2027, maintaining a steady CAGR of 5.5%. Let’s delve into the driving factors and market dynamics propelling this upward trajectory.

 

 

Riding the Skyline: Fleet Expansion in Commercial Aircraft

1. Significance of Fleet Size

• The increasing fleet size of commercial aircraft emerges as a pivotal contributor to the flourishing aerospace plastics market.
• Fleet size represents the number of airplanes operated by airlines, necessitating the installation of new parts and the replacement of older components.

 

2. Catalyst for Aerospace Plastics

• Growing commercial aircraft fleets drive demand for aerospace plastics used in manufacturing various aircraft parts.
• According to Boeing’s commercial market outlook for 2021–2040, the global commercial fleet is projected to exceed 49,000 airplanes by 2040, underscoring the substantial market demand.

 

 

Industry Titans Shaping the Skies: Major Players

1. Key Players in Aerospace Plastics Market

• SABIC, BASF SE, Solvay, DuPont, Victrex PLC., Evonik Industries AG, Saint-Gobain Performance Plastics, Drake Plastics, PACO Plastics & Engineering Inc., Mitsubishi Chemical Advanced Materials, Rochling, Grafix Plastics, HITCO Carbon Composites Inc., Tech-Tool Plastics, and Hexcel Corporation are major players steering the aerospace plastics market.

 

 

2. Innovations as Market Catalyst

• Product innovations spearheaded by major players significantly influence the aerospace plastics market’s growth.
• Hexcel, in September 2020, introduced HexPEKK EM, an electrically-conductive carbon fiber
• composite with electromagnetic properties, catering to advanced aircraft applications.

 

 

Navigating Segmentation: Unveiling Market Dimensions

1. Polymer Type-Based Segmentation

• Polyether Ether Ketone (PEEK), Polymethyl Methacrylate (PMMA), Polycarbonates (PC), Polyphenylene Sulfide (PPS), Acrylonitrile Butadiene Styrene (ABS) constitute key polymer types in the aerospace plastics market.

 

 

2. Application-Based Segmentation

• Aircraft Frame, Components, Cabin Interiors, Wings And Rotor Blades, and other applications demonstrate the diverse applications of aerospace plastics.

 

 

3. End-use-Based Segmentation

• Commercial Aircrafts, Military Aircrafts, Rotary Aircrafts, and General Aviation represent distinct segments in the end-use category.

 

 

Global Dynamics: North America at the Helm, Asia-Pacific Ascending

1. North America’s Prowess

• North America took the lead as the largest region in the aerospace plastics market in 2022.
• The region’s advanced infrastructure and aeronautical industry awareness contribute to its dominant position.

 

 

2. Asia-Pacific’s Growth Trajectory

• Asia-Pacific is poised to be the fastest-growing region, showcasing the region’s increasing significance in the global aerospace plastics market.
• The forecast period anticipates substantial growth in Asia-Pacific’s market share.

 

 

Get A Free Sample On The Global Aerospace Plastics Market Report:
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Read The Full Aerospace Plastics Market Report Here:

https://www.thebusinessresearchcompany.com/report/aerospace-plastics-global-market-report

 

 

 

The Aerospace Plastics Global Market Report 2023 provides an overviewof the aerospace plastics market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The aerospace plastics market forecast analyzes aerospace plasticsmarket size, aerospace plastics market share,leading competitor and their market positions.

 

 

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