Trending News: Aerospace Plastics Market — Global Industry Analysis and Forecast 2020 to 2027

  • According to the new market research report Aerospace Plastics Market by Material Type (Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonates (PC), Polyphenylene sulfide (PPS) and Others), by Aircraft Type (Commercial, Military and Rotorcraft), by Application Aerostructure, Cabin Interiors, Propulsion Systems, Equipment, Systems & Support, Satellites, Construction and Insulation Components), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) — Global Forecast (2020 to 2027)”, the global Aerospace Plastics Market is estimated to reach USD 26.5 Billion by 2027 at a CAGR of around 6.9% during the review period.
  • The aerospace plastics benefits the aerospace industry with the features such as lightweight, corrosion-resistance, impact-resistance, chemical-resistance and durable.
  • Moreover, the plastic is mostly being used for interior applications, such as air ducts, cabin partitions, floor panels and overhead luggage bin. These will lead to boost the demand of the aerospace plastics market in the forecast period.
  • With the growing demand for lightweight and next-generation aircraft is witness to fuel the growth of the market in the forecast period. According to the International Air Transport Association (IATA), the aerospace industry is working together to improve the fuel efficiency by an average of 1.5% per year and minimize carbon emissions to 50% by 2050.
  • One of the major key concern of the aerospace plastics market is the high cost of materials which may restraining factor for the growth of the market.
  • Growing demand aerospace sector in developing countries is lead to create an opportunities for the growth of the aerospace plastics market in the forecast period.
  • The limited of standardization in manufacturing technologies as well skilled professional is create a major restraining factor for the growth of aerospace plastics market in the forecast period.
  • North America:
  • Asia-Pacific:
  • SABIC:
  • Victrex plc.

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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