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Aerospace Plastics Market Size

Report ID: GMI185
Published Date: Jul 2020
Report Format: PDF

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Aerospace Plastics Market Size

Aerospace Plastics Market size valued at around USD 47.6 million in 2019 and will showcase growth of around 8.4% from 2020 to 2026. Rising air passenger traffic coupled with start of several new air travel routs across the globe will drive the demand for new aircrafts, thereby augmenting plastic consumption.

Aerospace Plastics Market

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Aerospace grade plastics are lightweight high-performance plastics for acoustic, thermal, and chemical resistance in aircraft. Lightweight and good strength are key advantages supporting material usage in new advanced passenger aircrafts such as A320neo family, A350 XWB, among others. Further, proliferating tourism sector and rising business travels are driving the demand for aerospace grade plastics.

Aerospace Plastics Market Report Attributes
Report Attribute	Details
Base Year:	2019
Aerospace Plastics Market Size in 2019:	47.6 Million (USD)
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	8.4%
2026 Value Projection:	55.1 Million (USD)
Historical Data for:	2016 to 2019
No. of Pages:	223
Tables, Charts & Figures:	266
Segments covered:	Aircraft, Application, Fit, Country
Growth Drivers:	Strong presence of aircraft manufacturers Increasing demand for low cost carriers Increasing aircraft deliveries and air passenger traffic Increasing demand for regional and commercial aircrafts Increasing demand for business jets and helicopters
Pitfalls & Challenges:	High cost of advanced materials

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Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size of aerospace plastics surpassed USD 47.6 million in 2019.

The industry share of aerospace plastics is anticipated to grow at 8.4% CAGR between 2020 to 2026.

North America market for aircraft plastics is predicted to generate over USD 25 million revenue by 2026 owing to the presence of multiple aircraft manufacturers in the region.

According to this report, the cabin interiors application segment accounted for more than 50% market share in 2019.

Key aerospace plastics manufacturers include BASF SE, Paco Plastics & Engineering, Inc., Paco Plastics BV, EPTAM Precision Plastics, Solvay, Saint Gobain, Victrex Plc., Superior Plastics, amongst others.