Airframe and fuselage was the largest application segment accounting for 14,356.3 tons of aerospace plastics demand in 2013. Aerospace plastics are extensively used in cabin areas application owing to high pressure resistance properties and accounted for over 12,400 tons of aerospace demand in 2013.
The report “Aerospace Plastics Market By Application (Airframe & Fuselage, Wings & Rotor Blades, Empennage, Flight Deck & Cockpit, Cabin Areas), By End User (Commercial & Freighter Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation) And Segment Forecasts To 2020” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/
Further key findings from the study suggest:
• Global aerospace plastics demand was 51,146.5 tons in 2013 and is expected to reach 112,503.1 tons by 2020, growing at a CAGR of 12.0% from 2014 to 2020.
• Europe was the largest regional market for aerospace plastics with revenue USD 3.45 billion in 2013. The presence of large aircraft manufacturers coupled with significant number of aerospace OEM’s is expected to boost the demand for plastics in the region. In addition, the region is also expected to witness significant growth, at an estimated CAGR of 8.0% from 2014 to 2020.
• Military aircrafts are expected to witness fastest growth for plastics, at an estimated CAGR of 13.1% from 2014 to 2020, in terms of volume. Increasing security concerns worldwide are expected to drive demand in this segment.
• Commercial and freighter aircrafts were the largest end use segment in 2013 with plastic demand of 36,392.9 tons owing to increased number of passengers opting for air transport coupled with increasing number of service providers. This segment is expected to grow at a CAGR of 12.1% from 2014 to 2020.
• Key Companies in the market include Zoltek, Mitsubishi Heavy Industries, Hexcel Corporation, SGL Carbon, and Toray Carbon Fibers America Inc.
For the purpose of this study, Grand View Research has segmented the global aerospace plastics market on the basis of application, end use and region:
• Aerospace Plastics Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• Airframe and Fuselage
• Wings and Rotor Blades
• Flight Deck and Cockpit
• Cabin Areas
• Others (Engine, Wing Box)
• Aerospace Plastics End Use Applications Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• Commercial and Freighter Aircrafts
• Military Aircrafts
• Rotary Aircrafts
• General Aviation
• Aerospace Plastics Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Asia Pacific
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