The global aircraft decorative laminates market size will grow by USD 78.25 million during 2019-2023. This market report provides a detailed analysis of the market by type (film laminates and reinforced laminates) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many market vendors, including DUNMORE Corp., ISOVOLTA AG, Schneller LLC, Sumitomo Bakelite Co. Ltd., and Toray Industries Inc.
Key Insights on Aircraft Decorative Laminates Market - Global Forecast 2019-2023
Browse TOC and LoE with selected illustrations and example pages of on aircraft decorative laminates market
Industry Overview
Aircraft manufacturers are focusing on improving the overall design of their aircraft models to cater to airlines’ needs for lightweighting and improving the inflight passenger experience. As lightweighting helps airlines in reducing fuel consumption and minimizing operational cost, aircraft manufacturers have started replacing heavy wood and metal parts and components of aircraft with decorative film laminates, low-pressure laminates (LPLs), and high-pressure laminates (HPLs). HPLs are recording higher demand for aircraft interiors because they are more durable than LPLs. Moreover, they are fire-resistant, flame retardant, abrasion-resistant, and impact resistant. Vendors are also offering HPLs in various colors and textures, which provides end-users with myriad options. The increasing sales of HPLs will significantly contribute to the aircraft decorative laminates market growth.
Vendors are creating innovative laminates to cater to the preferential changes of aircraft manufacturers. They have been offering fiber-reinforced laminates such as fiber metal laminates (FMLs) and pineapple leaf fiber (PAFL) laminates. FMLs have damage tolerance and resistance to fatigue, impact, fire, and corrosion. PALF laminates are bio-composite products with high specific strength and stiffness. PALF, which is a natural fiber, is available in abundance. Such benefits will increase the demand for these laminates. Furthermore, the growing trend of sustainability will also increase the use of PALF laminates in the coming years. In addition to the growing demand for HPLs in aircraft upcoming aircraft decorative laminates market trends such as the rise in use of innovative fiber-reinforced laminates will also drive market growth at a CAGR of over 5% during 2019-2023.
Top Companies in Aircraft Decorative Laminates Market
The market is fragmented. To help clients improve their market positions, this aircraft decorative laminates market forecast report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This aircraft decorative laminates market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading aircraft decorative laminates manufacturers, including:
- DUNMORE Corp.
- ISOVOLTA AG
- Schneller LLC
- Sumitomo Bakelite Co. Ltd.
- Toray Industries Inc.
Market Segmentation
Aircraft Decorative Laminates Market by Type
- Film laminates
- Reinforced laminates
The film laminates market segment held the largest market share in 2018. It will account for the highest aircraft decorative laminates share over the forecast period. New product introductions and the ability of film laminates to increase the longevity of aircraft interiors will boost the growth of the market segment during the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft decorative laminates market size.
Aircraft Decorative Laminates by Region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest share of the aircraft decorative laminates throughout the forecast period. Factors such as the presence of many major aircraft OEMs and the presence of a significant air transport industry are contributing to the aircraft decorative laminates growth in this region.
Major Highlights of the Aircraft Decorative Laminates Market - Global Forecast 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the aircraft decorative laminates during the next five years
- Precise estimation of the global aircraft decorative laminates market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aircraft decorative laminates industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of aircraft decorative laminates companies
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