The global aerospace
plastics market was worth USD 6.2 billion in 2011 and is expected to
reach USD 10.5 billion in 2018, growing at a CAGR of 7.9% from 2012
to 2018. In terms of volume, the aerospace plastic consumption was
40.5 kilo tons in 2011 and is expected to reach 87.8 kilo tons in
2018, growing at a CAGR of 11.7% from 2012 to 2018.
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Steady growth in the
aviation industry, excellent strength to weight ratio, and increased
adoption of aerospace plastics in aircraft designs are largely
augmenting the growth of the aerospace plastics market. EPA
(Environmental Protection Agency) and Greenpeace regulations that are
imposed upon the production of aerospace plastics are acting as a
challenge for the growth of this market. These conventions primarily
monitor the percentage of greenhouse gases emitted during the
production of aerospace plastics. Furthermore, the high cost of raw
materials, namely PAN (Polyacrylonitrile), utilized in manufacturing
the aerospace plastics are acting as a restraint for this market.
This study is a
comprehensive estimation and analysis of four key end-user segments.
The commercial aircrafts end-user segment accounted for 72% of market
share in 2011 followed by military aircrafts, rotary aircrafts, and
general aviation planes end-user segments. Aerospace plastics market
is categorized into six application segments. Fuselage was the key
application segment that accounted for over 28% of market share in
2011. Wings, empennage, flight deck and cabin areas are a few other
key application segments estimated and analyzed in this study.
In terms of volume,
Europe dominated the global aerospace plastics market that accounted
for more than 43.0% of the overall market in 2011. In Europe,
Germany, France, the UK and Spain were the key regional markets and
together accounted for more than 75% of the European market. Europe
is expected to dominate the aerospace plastics market for the next
five years, owing to the supportive government policies and rising
investments seen in Europe over the past three years. Some of the
European public bodies such as ONERA, CNES, and CNRT are inventing
new materials that are in turn attracting aircraft manufacturers in
this region.
The U.S. aerospace
plastics market had grown at a steady rate even during economic
slowdown, primarily due to reasonable demand in the airlines
industry. Increased air traffic and substantial rise in the military
budget have provided adequate growth impetus for the North American
aerospace plastics market. Asia Pacific is expected to drive the
aerospace plastics market chiefly due to low labor overheads and huge
investments. In Asia Pacific, the military aircrafts end-user segment
is expected to grow, owing to adequate financial support provided by
the government.
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Some of the key
players supplying aerospace plastics include Hexcel Corporation,
Mitsubishi Rayon, SGL Carbon, Toho Tenax, Toray Group and Zoltek
Companies Inc. The report provides an overview of these companies
followed by their financial revenue, business strategies and recent
developments.
This research
analyzes and estimates the performance and production of aerospace
plastics in the global scenario, providing detailed trend analysis of
the market by geography and comprehensive analysis of companies that
are dealing in aerospace plastics. The report presents a thorough
assessment of the strategies followed by different stakeholders by
segmenting the aerospace plastics market as below:
Aerospace
Plastics Market: Application Analysis
Airframe and
fuselage
Wings and
rotor blades
Empennage
Flight deck
and cockpit
Cabin areas
Others
(engine and wing box)
Aerospace
Plastics Market: End-User Analysis
Commercial
and freighter planes
Military
aircrafts
Rotary
aircrafts
General
aviation
Aerospace
Plastics Market: Regional Analysis
North
America
U.S.
Canada
Europe
Germany
France
UK
Spain
Asia Pacific
China
Japan
India
Rest of the
World (Brazil, Middle East, Africa and Mexico)
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