Aerospace plastics market ppt

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Aerospace Plastics Market Size, Industry Share & Forecast, 2016 – 2022

Aerospace Plastics Market size may register 15.74 billion by 2022


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.

Global Market Scenario of Aerospace Plastics Industry


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.

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Asia Pacific aerospace plastics market share, by application, 2014

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Application AnalysisCabin 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.

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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.

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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.

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Aerospace plastics market ppt