Aerospace Plastics Market Top Scenario, SWOT Analysis, Overview & Forecast 2026

High performance engineering plastics due to their light weight are best fit for the aerospace industries. Using plastics in aircraft also improves the fuel efficiency. Plastics are used in the interior and exterior part of the aircrafts. Plastics such as acrylonitrile butadiene styrene, polyetheretherketone and polyphenylene sulphide are used in many applications. In air ducts, cabin partitions, floor plans, luggage bins, sensors etc. uses plastic as a material. Due to high strength and durability, plastics are used in the aerospace industry.

Global Aerospace Plastics Market is estimated to grow with a stable CAGR of 5.27% in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018.

Key Market Competitors: Global Aerospace Plastics Market

Few of the major competitors currently working in aerospace plastics market Hyosung Corporation, Mitsubishi Heavy Industries, Ltd., Kaman Corporation, Hexcel, Holding Compony Composite, Solvay, HITCO Carbon Companies, Inc., DuPont, PPG Industries, Inc., Saint- Gobain S.A., Vantage Plane Plastics, Tejin Carbon Europe GmbH, Paco Plastics, Inc., Mulford.

Key Developments in the Market:

• In September 2017, Solvay announced the production of their new high performance polyetherketoneketone (PEKK). The aim is to meet the aerospace demand for thermoplastics composites and 3D printing components.
• In October 2015, Victrex announced the launch of their new composites for aerospace- unidirectional tape and laminate panels under the Victrex AE250. They are designed to work under load.

Competitive Analysis: Global Aerospace Plastics Market

Global aerospace plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aerospace plastics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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This comprehensive Global Aerospace Plastics Market report underlines the primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis. Have your business at the highest level of growth with this all-inclusive Global Aerospace Plastics Market research report. Moreover, this market research report puts forth thorough overview of the market where it identifies industry trends, determines brand awareness and influence, provides industry insights and offers competitive intelligence. The report precisely collects the information about effective factors for the Chemical and Materials industry which includes customer behaviour, emerging trends, product usage, and brand positioning.

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