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Aerospace Plastics Market by End-user, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR44053
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The aerospace plastics market share is expected to increase by USD 125.67 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.57%.

This aerospace plastics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aerospace plastics market segmentation by end-user (commercial and freighter aircraft, general aviation, and others), application (exterior and interior), and Geography (Europe, North America, APAC, MEA, and South America). The aerospace plastics market report also offers information on several market vendors, including BASF SE, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc., Ensinger GmbH, Hexcel Corp., Mitsubishi Chemical Holdings Corp., PPG Industries Inc., Saudi Basic Industries Corp., Solvay SA, and Victrex Plc among others.

What will the Aerospace Plastics Market Size be During the Forecast Period?

Aerospace Plastics Market Size

Download Report Sample to Unlock the Aerospace Plastics Market Size for the Forecast Period and Other Important Statistics

 

Aerospace Plastics Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing use of lightweight materials is notably driving the aerospace plastics market growth, although factors such as fluctuation in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aerospace plastics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aerospace Plastics Market Driver

The increasing use of lightweight materials is one of the key factors driving the growth of the global aerospace plastics market. The use of lightweight materials is increasing in the aerospace industry. Various lightweight materials used in the automotive industry are high-strength steel, aluminum, composites, magnesium, and plastics. The major driver for the growth of lightweight materials in the aerospace industry is the production of fuel-efficient and low-emission aircraft. With the increasing awareness of climate change and environmental issues, coupled with the rising fuel cost, the aerospace industry is trying to save on the operation cost by demanding lightweight aircraft. Aluminum has a density of 2.7 g/cm³, whereas high-performance polymers have a density of around 1.3 g/cm³. This difference helps in gaining significant weight savings. Airbus uses lightweight materials in the horizontal tail of the Airbus A340. In this way, the company is able to reduce its weight by 50% and cost by 30%. Thus, to increase fuel efficiency and comply with environmental regulations, aerospace component manufacturers are mainly focusing on lightweight materials.

Key Aerospace Plastics Market Trend

The growing introduction of additive manufacturing will fuel the global aerospace plastics market growth. The aerospace industry is one of the major adopters of additive manufacturing for aircraft component manufacturing. Additive manufacturing is contributing to the aerospace industry by effectively manufacturing highly complex geometrical components, faster production of replacement parts, and faster improvement of the current design for better improvements. In the additive manufacturing process, components are built up layer by layer based on 3D printing. This reduces weight, increases fuel efficiency, and reduces material use. Siemens is using additive manufacturing in many applications to print components for Etihad passenger planes. They have a collaboration with Strata Manufacturing, an aircraft parts manufacturer. Siemens is supporting Strata Manufacturing with the technical knowledge and consulting for the manufacturing of monitor shrouds using 3D printing technology. They are using materials such as plastics and metals. Such factors will increase the market growth during the forecast period.

Key Aerospace Plastics Market Challenge

The fluctuation in raw material prices is a major challenge for the global aerospace plastics market growth. The price fluctuation of raw materials, including crude oil, has a negative impact on the market vendors as they rely heavily on crude oil during the manufacturing process. High prices of oil increase the production cost of petroleum-based products, including plastics. For instance, the price of polypropylene hiked over 4.5% in December 2016, following a hike in the prices of crude oil in India. In 2019, the average crude oil price was $56.99/barrel, which decreased to $39.68/barrel in 2020 due to the COVID-19 outbreak and increased to $58.30/barrel by March 2021. Thus, the changing prices will have a negative impact, leading to an increase in the lead time and thereby increasing the price of the final product. However, owing to the high volatility in the prices of crude oil and natural gas, aerospace plastic manufacturers are setting high prices for the products to gain a healthy margin. The rise in prices of raw materials increases the production cost and decreases the product demand in the market.

This aerospace plastics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global aerospace plastics market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aerospace plastics market during the forecast period.

Who are the Major Aerospace Plastics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BASF SE
  • Compagnie de Saint-Gobain SA
  • DuPont de Nemours Inc.
  • Ensinger GmbH
  • Hexcel Corp.
  • Mitsubishi Chemical Holdings Corp.
  • PPG Industries Inc.
  • Saudi Basic Industries Corp.
  • Solvay SA
  • Victrex Plc

 

This statistical study of the aerospace plastics market encompasses successful business strategies deployed by the key vendors. The aerospace plastics market is fragmented and the vendors are deploying growth strategies such as product launches and business expansions to compete in the market.

Product Insights and News

  • BASF SE - The company offers BASF Amorphous High-Temperature Thermoplastics Course.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aerospace plastics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aerospace Plastics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aerospace plastics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Aerospace Plastics Market?

Aerospace Plastics Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

34% of the market’s growth will originate from North America during the forecast period. The US is the key market for aerospace plastics market in North America. Market growth in this region will be slower than the growth of the market in regions.

The increasing use of lightweight materials will facilitate the aerospace plastics market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 outbreak in North America negatively impacted the regional aerospace plastics market in 2020. The rising number of COVID-19 cases in the region caused a temporary closure of transportation of non-essential items such as aerospace plastics. This resulted in a disruption of the distribution network in the region for aerospace plastics, which led to a decline in the growth of the market in 2020. However, the redesigned distribution network in the region in Q4 2020 is likely to boost market growth during the forecast period.

What are the Revenue-generating End-user Segments in the Aerospace Plastics Market?

Aerospace Plastics Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The aerospace plastics market share growth in the exterior segment will be significant during the forecast period. The use of plastics is prominent in the exterior parts of an aircraft. These are mainly used in airframe, fuselage, empennage, wings, and rotor blades. The most important part of the aircraft, which uses the maximum amount of plastics, is the airframe. With the use of plastics, almost 19.5% of its weight gets reduced. The fuselage experiences a high tension load, and plastics can bear more load, which also reduces the maintenance cost.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aerospace plastics market size and actionable market insights on post COVID-19 impact on each segment.

 

Aerospace Plastics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.57%

Market growth 2021-2025

$ 125.67 million

Market structure

Fragmented

YoY growth (%)

2.21

Regional analysis

Europe, North America, APAC, MEA and South America

Performing market contribution

North America at 34%

Key consumer countries

US, France, China, Germany, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BASF SE, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc., Ensinger GmbH, Hexcel Corp., Mitsubishi Chemical Holdings Corp., PPG Industries Inc., Saudi Basic Industries Corp., Solvay SA, and Victrex Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Aerospace Plastics Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aerospace plastics market growth during the next five years
  • Precise estimation of the aerospace plastics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aerospace plastics industry across Europe, North America, APAC, MEA and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aerospace plastics market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis for commodity chemicals

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Exterior - Market size and forecast 2020-2025
      • Exhibit 17: Exterior - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Exterior - Year-over-year growth 2020-2025 (%)
    • 5.4 Interior - Market size and forecast 2020-2025
      • Exhibit 19: Interior - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Interior - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 21: Market opportunity by Application

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 22: End user - Market share 2020-2025 (%)
    • 6.2 Comparison by End user
      • Exhibit 23: Comparison by End user
    • 6.3 Commercial and freighter aircraft - Market size and forecast 2020-2025
      • Exhibit 24: Commercial and freighter aircraft - Market size and forecast 2020-2025 ($ million)
      • Exhibit 25: Commercial and freighter aircraft - Year-over-year growth 2020-2025 (%)
    • 6.4 General aviation - Market size and forecast 2020-2025
      • Exhibit 26: General aviation - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: General aviation - Year-over-year growth 2020-2025 (%)
    • 6.5 Others - Market size and forecast 2020-2025
      • Exhibit 28: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Others - Year-over-year growth 2020-2025 (%)
    • 6.6 Market opportunity by End user
      • Exhibit 30: Market opportunity by End user

    7 Customer Landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 32: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 33: Geographic comparison
    • 8.3 Europe - Market size and forecast 2020-2025
      • Exhibit 34: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 35: Europe - Year-over-year growth 2020-2025 (%)
    • 8.4 North America - Market size and forecast 2020-2025
      • Exhibit 36: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: North America - Year-over-year growth 2020-2025 (%)
    • 8.5 APAC - Market size and forecast 2020-2025
      • Exhibit 38: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)
    • 8.6 MEA - Market size and forecast 2020-2025
      • Exhibit 40: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: MEA - Year-over-year growth 2020-2025 (%)
    • 8.7 South America - Market size and forecast 2020-2025
      • Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: South America - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 44: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 45: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 47: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Overview
          • 10.2 Vendor landscape
            • Exhibit 48: Vendor landscape
          • 10.3 Landscape disruption
            • Exhibit 49: Landscape disruption
            • Exhibit 50: Industry risks

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 51: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 52: Market positioning of vendors
          • 11.3 BASF SE
            • Exhibit 53: BASF SE - Overview
            • Exhibit 54: BASF SE - Business segments
            • Exhibit 55: BASF SE – Key news
            • Exhibit 56: BASF SE - Key offerings
            • Exhibit 57: BASF SE - Segment focus
          • 11.4 Compagnie de Saint-Gobain SA
            • Exhibit 58: Compagnie de Saint-Gobain SA - Overview
            • Exhibit 59: Compagnie de Saint-Gobain SA - Business segments
            • Exhibit 60: Compagnie de Saint-Gobain SA – Key news
            • Exhibit 61: Compagnie de Saint-Gobain SA - Key offerings
            • Exhibit 62: Compagnie de Saint-Gobain SA - Segment focus
          • 11.5 DuPont de Nemours Inc.
            • Exhibit 63: DuPont de Nemours Inc. - Overview
            • Exhibit 64: DuPont de Nemours Inc. - Business segments
            • Exhibit 65: DuPont de Nemours Inc. – Key news
            • Exhibit 66: DuPont de Nemours Inc. - Key offerings
            • Exhibit 67: DuPont de Nemours Inc. - Segment focus
          • 11.6 Ensinger GmbH
            • Exhibit 68: Ensinger GmbH - Overview
            • Exhibit 69: Ensinger GmbH - Product and service
            • Exhibit 70: Ensinger GmbH – Key news
            • Exhibit 71: Ensinger GmbH - Key offerings
          • 11.7 Hexcel Corp.
            • Exhibit 72: Hexcel Corp. - Overview
            • Exhibit 73: Hexcel Corp. - Business segments
            • Exhibit 74: Hexcel Corp. – Key news
            • Exhibit 75: Hexcel Corp. - Key offerings
            • Exhibit 76: Hexcel Corp. - Segment focus
          • 11.8 Mitsubishi Chemical Holdings Corp.
            • Exhibit 77: Mitsubishi Chemical Holdings Corp. - Overview
            • Exhibit 78: Mitsubishi Chemical Holdings Corp. - Business segments
            • Exhibit 79: Mitsubishi Chemical Holdings Corp. – Key news
            • Exhibit 80: Mitsubishi Chemical Holdings Corp. - Key offerings
            • Exhibit 81: Mitsubishi Chemical Holdings Corp. - Segment focus
          • 11.9 PPG Industries Inc.
            • Exhibit 82: PPG Industries Inc. - Overview
            • Exhibit 83: PPG Industries Inc. - Business segments
            • Exhibit 84: PPG Industries Inc. – Key news
            • Exhibit 85: PPG Industries Inc. - Key offerings
            • Exhibit 86: PPG Industries Inc. - Segment focus
          • 11.10 Saudi Basic Industries Corp.
            • Exhibit 87: Saudi Basic Industries Corp. - Overview
            • Exhibit 88: Saudi Basic Industries Corp. - Business segments
            • Exhibit 89: Saudi Basic Industries Corp. - Key offerings
            • Exhibit 90: Saudi Basic Industries Corp. - Segment focus
          • 11.11 Solvay SA
            • Exhibit 91: Solvay SA - Overview
            • Exhibit 92: Solvay SA - Business segments
            • Exhibit 93: Solvay SA – Key news
            • Exhibit 94: Solvay SA - Key offerings
            • Exhibit 95: Solvay SA - Segment focus
          • 11.12 Victrex Plc
            • Exhibit 96: Victrex Plc - Overview
            • Exhibit 97: Victrex Plc - Business segments
            • Exhibit 98: Victrex Plc – Key news
            • Exhibit 99: Victrex Plc - Key offerings
            • Exhibit 100: Victrex Plc - Segment focus

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 101: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 102: Research Methodology
              • Exhibit 103: Validation techniques employed for market sizing
              • Exhibit 104: Information sources
            • 12.4 List of abbreviations
              • Exhibit 105: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Aerospace Plastics Market market growth will increase by $125.67 mn during 2021-2025.
            The aerospace plastics market market is expected to grow at a CAGR of 3.57% during 2021-2025.
            Technavio has segmented the aerospace plastics market market by end-user (commercial and freighter aircraft, general aviation, and others) ,application (exterior and interior) , and geography (Europe, North America, APAC, MEA, and South America).
            BASF SE, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc., Ensinger GmbH, Hexcel Corp., Mitsubishi Chemical Holdings Corp., PPG Industries Inc., Saudi Basic Industries Corp., Solvay SA, Victrex Plc are a few of the key vendors in the aerospace plastics market market.
            North America will register the highest growth rate of 34% among the other regions. Therefore, the aerospace plastics market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the aerospace plastics market market growth are:
            • Increasing use of lightweight materials
            • Growing introduction of additive manufacturing
            The aerospace plastics market market vendors should focus on grabbing business opportunities from the commercial and freighter aircraft segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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