Axiom Market
Research & Consulting™ added “Aerospace Plastics Market Report, By
Application, End Use And Geography – Global Market Share, Trend Analysis And
Forecast Up To 2024”
Impressive properties of high performance plastics which
include fire behavior and low weight among others have attracted various
end-user industries worldwide. Aerospace
plastics have led to improved safety, fuel saving, cost reduction and
improved passenger comfort. These benefits have led to high usage of high
performance plastics in the aerospace industry. High performance plastics finds
applications in the aircraft for wings and rotor blades, flight deck and
cockpit, empennage, airframe and fuselage, cabin areas and other parts. General
aviation, military aircraft, commercial and freighter aircrafts among others
are the major end-users of aerospace plastics. The global aerospace plastics
market was valued at around USD 9.50 billion in 2017 and is expected to expand
at a between CAGR of 9.5% to 10.5% from 2019 to 2024.Growing demand for lightweight materials in the aviation
industry is one among the major factors boosting high demand for aerospace
plastics.
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Growing demand for lightweight materials in the aviation
industry is one among the major factors boosting high demand for aerospace
plastics. Lightweight plastics are expected to provide many benefits, some of
which include, reduced fuel consumption, corrosion resistant and improved
safety. These factors are the attractive factors leading to growth of global
aerospace plastics market. Increasing defense budget along with regulatory
support for aviation industry development due to growth in freight air carriers
are also anticipated to favor demand for aerospace plastics in the market. On
contrary, stringent regulations together with environmental effect of
petro-based products are anticipated to affect the prices of aerospace
plastics. Hence, carbon fiber usage in the aviation industry may hamper the raw
material availability, thereby hampering the growth of global aerospace
plastics market. However, high demand from the aircraft manufacturers and
growing strategies for development of eco-friendly composites are expected to
fuel market growth of aerospace plastics in the market.
Browse The full Report: http://axiommrc.com/product/1416-aerospace-plastics-market-report
The global aerospace plastics market is concentrated with
leading manufacturers such as Hexcel, Toray, Mitsubishi, HITCO, Cytec
Industries and Toho Tenax having strong hold on the global market. Some of the
key manufacturers of aerospace plastics in the global market include Composite
Holding Comp, Hyosung Corp, Ensinger, Premium Aerotec Zoltek, Kaman Corp,
Tech-Tool Plastics, Saudi Basic Industries, SGL Carbon SE, BASF, Evonik
Industries AG, Solvay and Holding Company Composite among others.
About Axiom MRC.
Axiom
Market Research & Consulting™ (also known as Axiom MRC), is a full-service
market research and data analytics firm, driven by a simple aim of providing
key market intelligence to companies to assist them in taking informed business
decisions pertaining to their marketing strategy, investments, new product
launches, market competition, consumer or end users, social media trends etc.
Axiom
Market Research & Consulting™ offers market research and data
analytics services such as syndicated market research reports, custom market
research reports,business consulting, consumer/end user survey, data processing
& analytical services, social media analytics across various industry
verticals such as, Life Science, Chemicals & Materials, Food &
Beverages, Packaging Agriculture, Power & Energy.
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Email: sales@axiommrc.com
Tel: +1(845)875-9786, +44(0) 20 23869707
616 Corporate Way, Suite 2-4268
Valley Cottage, NY, United States
Email: sales@axiommrc.com
Tel: +1(845)875-9786, +44(0) 20 23869707
