Aerospace Plastics Market Research Report – Global Forecast till 2027

Aerospace Plastics Market: Information by Application (Aerostructure, Fuselage Components, Interior Components, Support Equipment), End-Use (Commercial Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation), Region — Global Forecast till 2027

ID: MRFR/CnM/5772-HCR | February 2021 | Region: Global | 140 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


Aerospace plastics are the highly engineered polymers used in various parts and components of an aircraft. There are various types of plastics used in an aerospace industry. Some of them are polycarbonates, acrylics, acrylonitrile butadiene styrene (ABS), and polyvinyl chloride (PVC). The major challenges faced by the aerospace industry are the need for a material which can handle extreme temperatures and are light in weight. Aerospace plastics are designed to successfully meet these challenges. The substantial physical properties exhibited by the aerospace plastics are high temperature resistance, high pressure withstand ability, excellent stand up to the vibration, turbulence and abrasion, better transparency for aircraft roof and canopy, and excellent electrical insulating properties. Aerospace plastics are widely used in the aerostructure, fuselage components, and various interior components. The major end-users of aerospace plastics are commercial aircrafts, military aircrafts, and rotary aircrafts.


The primary factors favoring growth of the global aerospace plastics market are the increasing demand for both commercial and military aircrafts across the globe. The global aerospace core material market is estimated to reach around 40 billion USD at CAGR of 9 %, by 2023, which is expected to boost the demand for various plastics. Additionally, surging demand for the light-weight materials in modern aircrafts and other aviation applications is expected to propel growth of the global aerospace plastics market. The leading military powers namely, U.S., Russia, China, France, UK and India are investing significant share of their GDP in their defense sector. This, in turn is anticipated to fuel the demand for aerospace plastics in making fuselage or core of the military aircrafts. The emerging economies namely China, India, South Korea, Malaysia, South Africa, Brazil, and others are focusing over their transportation sector through investing in the air travel. This is expected to further increase the production of aircrafts during the following years.


However, higher cost associated with the raw material and product processing may hamper growth of the market in coming years.


Global Aerospace Plastics Market Share, by End-Use, 2017 (%)


Aerospace Plastics Market


Source: MRFR analysis


Regional Analysis


Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five regions studied for the global Aerospace Plastics market. Asia-Pacific is projected to grow the highest CAGR during the review period. This is mainly attributed to rapid industrialization of the region on the backdrop of favorable government policies. The governments of developing countries in this region are heavily investing on the infrastructural development for the air travel to boost the economic growth. Advancements in the industrial sector on part of the government initiative and technology and rapid growth of the plastics industry are expected to be the key factors driving the regional market growth in the coming years.


North America and Europe are the other substantial markets for aerospace plastics. The increasing demand for aerospace plastics in the well-established aerospace industries in these regions is expected to drive the regional market growth during the review period.


Lastly, the market in the Middle East and Africa are projected to witness a considerable growth during the forecast period on account of revival economy and industries after the political and economic downfall in 2014 and 2015.


Market Segmentation


The global aerospace plastics market has been segmented on the basis of application, end-use, and region.


Based on application, the global aerospace plastics market has been segregated into aerostructure, fuselage components, interior components, support equipment, insulation, propulsion system, and others.


On the basis of end-use, the market has been categorized into commercial aircrafts, military aircrafts, rotary aircrafts, and general aviation, among others.


The global aerospace plastics market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


Some of the key players in the global aerospace plastics Hyosung Corporation (South Korea), Mitsubishi Heavy Industries, Ltd. (Japan), Kaman Corporation (US), SABIC (Saudi Arabia), TORAY INDUSTRIES, INC. (Japan), BASF SE (Germany), Evonik Industries AG (Germany), Solvay S.A. (Belgium), Hexcel Corporation (US), and Premium AEROTEC (Germany), among others


Intended Audience



  • Aerospace Plastics manufacturers

  • Traders and distributors of Aerospace Plastics

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Frequently Asked Questions (FAQ) :


Commercial aircrafts, rotary aircrafts, military aircrafts, and general aviation are the major end-use industries of aerospace plastics.

Aerostructure, fuselage components, interior components, support equipment are the major applications of aerospace plastics.

Based on applications, the support equipment segment and based on end-uses, the commercial aircrafts segment account for leading shares in the global aerospace plastics market.

Asia Pacific holds the largest share in the global aerospace plastics market, followed by North America and Europe, respectively.

Mitsubishi Heavy Industries, Ltd. (Japan), Hyosung Corporation (South Korea), Kaman Corporation (US), TORAY Industries, Inc. (Japan), SABIC (Saudi Arabia), BASF SE (Germany), Solvay S.A. (Belgium), Evonik Industries AG (Germany), Premium AEROTEC (Germany), and Hexcel Corporation (US), are some of the major players operating in the aerospace plastics market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

4.1.4 Applications

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Industry Overview of Global Aerospace Plastics Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends

7. Global Aerospace Plastics Market, by Application

7.1 Introduction

7.2 Aerostructure

7.2.1 Market Estimates & Forecast, 2020—2027

7.2.2 Market Estimates & Forecast, by Region, 2020—2027

7.3 Fuselage Components

7.3.1 Market Estimates & Forecast, 2020—2027

7.3.2 Market Estimates & Forecast, by Region, 2020—2027

7.4 Interior Components

7.4.1 Market Estimates & Forecast, 2020—2027

7.4.2 Market Estimates & Forecast, by Region, 2020—2027

7.5 Support Equipment

7.5.1 Market Estimates & Forecast, 2020—2027

7.5.2 Market Estimates & Forecast, by Region, 2020—2027

7.6 Insulation

7.6.1 Market Estimates & Forecast, 2020—2027

7.6.2 Market Estimates & Forecast, by Region, 2020—2027

7.7 Propulsion System

7.7.1 Market Estimates & Forecast, 2020—2027

7.7.2 Market Estimates & Forecast, by Region, 2020—2027

7.8 Others

7.8.1 Market Estimates & Forecast, 2020—2027

7.8.2 Market Estimates & Forecast, by Region, 2020—2027

8. Global Aerospace Plastics Market, by End-Use

8.1 Introduction

8.2 Commercial Aircrafts

8.2.1 Market Estimates & Forecast, 2020—2027

8.2.2 Market Estimates & Forecast, by Region, 2020—2027

8.3 Military Aircrafts

8.3.1 Market Estimates & Forecast, 2020—2027

8.3.2 Market Estimates & Forecast, by Region, 2020—2027

8.4 Rotary Aircrafts

8.4.1 Market Estimates & Forecast, 2020—2027

8.4.2 Market Estimates & Forecast, by Region, 2020—2027

8.5 General Aviation

8.5.1 Market Estimates & Forecast, 2020—2027

8.5.2 Market Estimates & Forecast, by Region, 2020—2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020—2027

8.6.2 Market Estimates & Forecast, by Region, 2020—2027

9. Global Aerospace Plastics Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020—2027

9.2.2 Market Estimates & Forecast, by Application, 2020—2027

9.2.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020—2027

9.2.4.2 Market Estimates & Forecast, by Application, 2020—2027

9.2.4.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020—2027

9.2.5.2 Market Estimates & Forecast, by Application, 2020—2027

9.2.5.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020—2027

9.3.2 Market Estimates & Forecast, by Application, 2020—2027

9.3.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020—2027

9.3.4.2 Market Estimates & Forecast, by Application, 2020—2027

9.3.4.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020—2027

9.3.5.2 Market Estimates & Forecast, by Application, 2020—2027

9.3.5.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020—2027

9.3.6.2 Market Estimates & Forecast, by Application, 2020—2027

9.3.6.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020—2027

9.3.7.2 Market Estimates & Forecast, by Application, 2020—2027

9.3.7.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020—2027

9.3.8.2 Market Estimates & Forecast, by Application, 2020—2027

9.3.8.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020—2027

9.3.9.2 Market Estimates & Forecast, by Application, 2020—2027

9.3.9.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020—2027

9.3.10.2 Market Estimates & Forecast, by Application, 2020—2027

9.3.10.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020—2027

9.4.2 Market Estimates & Forecast, by Application, 2020—2027

9.4.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020—2027

9.4.4.2 Market Estimates & Forecast, by Application, 2020—2027

9.4.4.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020—2027

9.4.4.2 Market Estimates & Forecast, by Application, 2020—2027

9.4.4.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020—2027

9.4.6.2 Market Estimates & Forecast, by Application, 2020—2027

9.4.6.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020—2027

9.4.7.2 Market Estimates & Forecast, by Application, 2020—2027

9.4.7.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020—2027

9.4.8.2 Market Estimates & Forecast, by Application, 2020—2027

9.4.8.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020—2027

9.4.9.2 Market Estimates & Forecast, by Application, 2020—2027

9.4.9.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020—2027

9.5.2 Market Estimates & Forecast, by Application, 2020—2027

9.5.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020—2027

9.5.4.2 Market Estimates & Forecast, by Application, 2020—2027

9.5.4.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020—2027

9.5.5.2 Market Estimates & Forecast, by Application, 2020—2027

9.5.5.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.5.6 South Africa

9.5.6.1 Market Estimates & Forecast, 2020—2027

9.5.6.2 Market Estimates & Forecast, by Application, 2020—2027

9.5.6.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020—2027

9.5.7.2 Market Estimates & Forecast, by Application, 2020—2027

9.5.7.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020—2027

9.5.8.2 Market Estimates & Forecast, by Application, 2020—2027

9.5.8.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020—2027

9.6.2 Market Estimates & Forecast, by Application, 2020—2027

9.6.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020—2027

9.6.4.2 Market Estimates & Forecast, by Application, 2020—2027

9.6.4.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020—2027

9.6.5.2 Market Estimates & Forecast, by Application, 2020—2027

9.6.5.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020—2027

9.6.6.2 Market Estimates & Forecast, by Application, 2020—2027

9.6.6.3 Market Estimates & Forecast, by End-Use, 2020—2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020—2027

9.6.7.2 Market Estimates & Forecast, by Application, 2020—2027

9.6.7.3 Market Estimates & Forecast, by End-Use, 2020—2027

10. Competitive Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

11. Company Profiles

11.1 Hyosung Corporation

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Strategy

11.2 Mitsubishi Heavy Industries, Ltd.

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Strategy

11.3 Kaman Corporation

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Strategy

11.4 SABIC

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Strategy

11.5 TORAY INDUSTRIES, INC.

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Strategy

11.6 BASF SE

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Strategy

11.7 Evonik Industries AG

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Strategy

11.8 Solvay S.A.

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Strategy

11.9 Hexcel Corporation

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Strategy

11.10 Premium AEROTEC

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Strategy

12. Conclusion

LIST OF TABLES

Table 1 Aerospace Plastics Market, by Region, 2020–2027

Table 2 North America: Aerospace Plastics Market, by Country, 2020–2027

Table 3 Europe: Aerospace Plastics Market, by Country, 2020–2027

Table 4 Asia-Pacific: Aerospace Plastics Market, by Country, 2020–2027

Table 5 Middle East & Africa: Aerospace Plastics Market, by Country, 2020–2027

Table 6 Latin America: Aerospace Plastics Market, by Country, 2020–2027

Table 7 Aerospace Plastics Application Market, by Region, 2020–2027

Table 8 North America: Aerospace Plastics Application Market, by Country, 2020–2027

Table 9 Europe: Aerospace Plastics Application Market, by Country, 2020–2027

Table 10 Asia-Pacific: Aerospace Plastics Application Market, by Country, 2020–2027

Table 11 Middle East & Africa: Aerospace Plastics Application Market, by Country, 2020–2027

Table 12 Latin America: Aerospace Plastics Application Market, by Country, 2020–2027

Table 13 Aerospace Plastics End-Use Market, by Region, 2020–2027

Table 14 North America: Aerospace Plastics End-Use Market, by Country, 2020–2027

Table 15 Europe: Aerospace Plastics End-Use Market, by Country, 2020–2027

Table 16 Asia-Pacific: Aerospace Plastics End-Use Market, by Country, 2020–2027

Table 17 Middle East & Africa: Aerospace Plastics End-Use Market, by Country, 2020–2027

Table 18 Latin America: Aerospace Plastics End-Use Market, by Country, 2020–2027

Table 19 Global Application Market, by Region, 2020–2027

Table 20 Global End-Use Market, by Region, 2020–2027

Table 21 North America: Aerospace Plastics Market, by Country, 2020–2027

Table 22 North America: Aerospace Plastics Market, by Application, 2020–2027

Table 23 North America: Aerospace Plastics Market, by End-Use, 2020–2027

Table 24 Europe: Aerospace Plastics Market, by Country, 2020–2027

Table 25 Europe: Aerospace Plastics Market, by Application, 2020–2027

Table 26 Europe: Aerospace Plastics Market, by End-Use, 2020–2027

Table 27 Asia-Pacific: Aerospace Plastics Market, by Country, 2020–2027

Table 28 Asia-Pacific: Aerospace Plastics Market, by Application, 2020–2027

Table 29 Asia-Pacific: Aerospace Plastics Market, by End-Use, 2020–2027

Table 30 Middle East & Africa: Aerospace Plastics Market, by Country, 2020–2027

Table 31 Middle East & Africa: Aerospace Plastics Market, by Application, 2020–2027

Table 32 Middle East & Africa: Aerospace Plastics Market, by End-Use, 2020–2027

Table 33 Latin America: Aerospace Plastics Market, by Country, 2020–2027

Table 34 Latin America: Aerospace Plastics Market, by Application, 2020–2027

Table 35 Latin America: Aerospace Plastics Market, by End-Use, 2020–2027

LIST OF FIGURES

FIGURE 1 Aerospace Plastics Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Aerospace Plastics Market

FIGURE 4 Supply Chain Analysis of Global Aerospace Plastics Market

FIGURE 5 Share of Aerospace Plastics Market, by Country, 2020 (%)

FIGURE 6 Global Aerospace Plastics Market, 2020–2027

FIGURE 7 Sub-Segments of Application

FIGURE 8 Global Aerospace Plastics Market Size, by Application, 2020 (%)

FIGURE 9 Share of Global Aerospace Plastics Market, by Application, 2020–2027

FIGURE 10 Sub-Segments of End-Use

FIGURE 11 Global Aerospace Plastics Market Size, by End-Use, 2020 (%)

FIGURE 12 Share of Global Aerospace Plastics Market, by End-Use, 2020–2027