3:41 AM Aerospace Thermoplastics Market Size to reach US$ 341.7 million in 2025 |
Aerospace Thermoplastics Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more. The Aerospace Thermoplastics Market is projected to grow at a robust rate over the next five years to reach US$ 341.7 million by 2025. The market for thermoplastics in the aviation industry is driven by
Today, thermoplastics have earned a substantial position in all the end-use industries including the aerospace industry. Although, the aerospace industry represents a diminutive share of less than 1% in terms of volume of the total thermoplastics market, but it has been efficacious in gaining enough buzz in the market, propelled by its eye-catching growth rate. It is undeniably one of the fastest-growing markets among all end-use industries. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/686/aerospace-thermoplastics-market.html Aerospace Thermoplastics Market Segment Insights: By Aircraft Type: Commercial aircraft segment is likely to remain the largest segment of the market during the forecast period. Increasing production rates of the key programs, such as B787, F35 and A350XWB; market entry of new players, such as COMAC C919 and Irkut MC-21; and introduction of fuel-efficient variants of the best-selling aircraft (A320neo and B777x), are likely to create a strong demand for thermoplastics in the commercial aircraft segment. By Resin Type: HPTPs are further segmented into PPS, PAEK Family, PASU Family, PEI, HPPAs, and Others. Similarly, engineering thermoplastics are further segmented into PC, PA, and others and standard thermoplastics into PP, PS, and others. In terms of value, HPTPs are likely to remain the most dominant and the fastest-growing segment over the next five years. HPTPs are gaining traction in the aerospace industry because of their better temperature stability, excellent chemical resistance, and higher mechanical properties. Among HTTPs, PPS is likely to maintain its supremacy in the market with an excellent CAGR during the forecast period. By Form Type: Reinforced thermoplastics are likely to maintain their dominance in the market by 2025. Reinforced thermoplastics provide a substantial boost in modulus and stiffness. The stiffness gain through the impregnation of reinforcements in thermoplastics increases performance at elevated temperatures. By Application Type: In interiors, all three sets of thermoplastics (HPTPs, engineering, and standard) are used; however, their usage and applications are subjected to various parameters including strength, toughness, cost, etc. For instance, engineered thermoplastics and standard thermoplastics are preferred in low load-bearing applications such as dashboards, and cabinets, whereas HPTPs are preferred in parts requiring higher dimensional stability with more stringent FST standards. By Region: North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American aerospace thermoplastics market. The country is the hub of the aerospace industry with the presence of several aircraft OEMs, tier players, part fabricators, compounders, and resin suppliers. Most of the major thermoplastic manufacturers have their presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/686/aerospace-thermoplastics-market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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