NEW YORK, May 22, 2017 Highlights
- The global aerospace plastics market is expected to reach USD
1.04 million by 2025, according to a new report by Grand View
Research, Inc.
- Aerospace plastics exhibit heat resistance and high strength
properties.
- It's high modulus of elasticity aids in the production of
various aircraft components such as fuselage, airframe, empennage,
etc.
- Increased incidents of plastic fracture and failure along with
high maintenance, repair and operating costs are posing a threat to
aerospace plastics market growth.
- North America accounted for
the over 40% of the revenue share in 2016. The growing demand for
commercial aircraft coupled with the presence of Boeing, a leading
manufacturer of aircraft is expected to drive the demand for
aerospace polymers in the region
The global aerospace plastics market is expected to reach
USD 1.04 million by 2025, according
to a new report by Grand View Research, Inc.
Non-corrosive nature and high-temperature resistance of plastics
are expected to bolster market growth over the forecast period.
Aerospace plastics exhibit heat resistance and high strength
properties. It's high modulus of elasticity aids in the production
of various aircraft components such as fuselage, airframe,
empennage, etc. In addition, plastics are lightweight nevertheless
high-performance alternatives to metals such as steel and aluminum;
as a result, the market is expected to grow significantly.
Growing adoption of highly durable and chemical resistant
plastics are expected to drive market over the forecast period.
However, the components manufactured with the use of polymers are
hard to inspect for flaws, leading to quality variations and
defects. Increased incidents of plastic fracture and failure along
with high maintenance, repair and operating costs are posing a
threat to aerospace plastics market growth.
Aerospace plastics provide a high degree of freedom in the
designing of complicated components of an aircraft. As a result,
the percentage of the material utilized in manufacturing commercial
and military aircrafts has increased significantly over the past
couple of decades, which in turn has bolstered the demand for
polymers in aerospace applications.
Further key findings from the report suggest:
Aerostructure segment accounted for was over 291.3 million in 2016.
The growing use of plastics in fuselage, airframe and other
integral components of an aircraft is expected to drive segment
growth over the next eight years.
The demand for the product in propulsion systems was over
2,847.6 tons in 2016. The utilization of the polymers in propeller
systems, bearing bushes, turbines and nacelles are expected to have
a positive impact on industry growth over the forecast period
Commercial & freighter aircraft accounted for the majority
of the revenue share. The rapid growth in the air passenger traffic
has led to the increased production of commercial aircraft, which
in turn is expected to bolster the demand for the polymers
North America accounted for the
over 40% of the revenue share in 2016. The growing demand for
commercial aircraft coupled with the presence of Boeing, a leading
manufacturer of aircraft is expected to drive the demand for
aerospace polymers in the region
Read the full report:
http://www.reportlinker.com/p04899229/Aerospace-Plastics-Market-Analysis-By-Application-Aerostructure-Components-Cabin-Interiors-Propulsion-Systems-Satellites-By-End-use-And-Segment-Forecasts.html
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