As per this study the Global Aerospace Plastics Market was valued at USD 9.75 BN (by revenue) in 2017 and is anticipated to reach USD 16.7 BN by 2024 with a CAGR of 8%. By volume, the market was estimated at XXX Tons in 2017 and is expected to reach XXX Tons by 2024 with a CAGR of X.X%.
 
Aerospace Plastics are lightweight construction material which possesses the excellent strength to weight ratio and corrosion resistance characteristics. These material are basically used to manufacture the main body of the aircraft and composite such as CFRP (Carbon Fiber Reinforced Plastics) required for defense aerospace application. They help in reducing the weight of an aircraft, thereby making it lighter, safer, and more economical.
 
Objectives of the Study:

• Define and measure the global aerospace plastics market
• Volume and revenue forecast of the global aerospace plastics market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
Growing demand from aviation industry along with the rising awareness regarding benefits of aerospace plastic is the key factor fueling industry expansion. Increasing demand for lightweight material in order to improve aircraft fuel efficiency and performance are also some of the major factor driving their demand. Rising production of business jets exclusively used for traveling is also likely to contribute towards the growth of the market.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of aerospace plastics.
 
Market Segmentation
 
The broad aerospace plastics market has been sub-grouped into application and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Application

• Airframe & Fuselage
• Flight deck & Cockpit
• Cabin Areas
• Empennage
• Wings & Rotor Blades
• Others (Wing box, engine etc.)

 
By End-Use

• Commercial freighter aircrafts
• Rotary aircrafts
• General aviation
• Military aircrafts

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for aerospace plastics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Aerospace Plastics Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the aerospace plastics market includes BASF SE, Cytec Industries Inc., Ensinger GmbH., Evonik Industries AG, Hexcel Corporation., HITCO Carbon Composites, Inc, Holding Company Composite, Hyosung Corporation, Kaman Aerospace Corporation, Mitsubishi Heavy Industries Ltd., Premium Aerotec GmbH, Solvay S.A., Toho Tenax Co. Ltd., and Toray Carbon Fibers America Inc.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.