© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Aerospace Plastics Market to exceed $75mn by 2025

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Ongoing modernization programs for existing aircraft fleet to enhance airplane design & materials used for construction coupled with an upsurge in aircraft deliveries across the globe will propel the aerospace plastics market penetration over the forecast period. Growing demand for lightweight, next-generation, and fuel-efficient aircrafts are significantly increasing the adoption of plastics for multiple aerospace applications. The contribution of plastics to lower down aircraft weight contributes significantly towards improving efficiency and lower emissions.  The increasing usage of plastics in aerospace components can also be attributed to the benefits offered including superior protection from ultraviolet radiation, moisture, and elevated temperature. Additionally, advanced engineered plastic such as Polyetherketoneketone (PEEK) offer a wide range of features including thermal stability, flame retardancy, and chemical resistance, thereby boosting the market share. However, aircraft components manufactured with plastic are hard to examine for flaws, resulting into quality variations, thereby hampering the aerospace plastics market size. Key Insights from Aerospace Plastics Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Continued…  The superior design flexibility and higher degree of freedom are some of the major benefits offered by the plastics, that are significantly boosting the aerospace plastics market share. Moreover, the higher modulus of elasticity along with lower material weight compared to other metals including steel and aluminum makes it ideal for designing multiple aerospace components, thereby escalating the industry share.  Advancements in manufacturing technologies along with the proliferation of 3D printing techniques are providing a positive outlook for the aerospace plastics market expansion. The 3D printing of parts enables for fewer tooling changes, reduced production time, and improves efficiency significantly. Aircraft manufacturers are continuously investing in 3D printing technologies for manufacturing their aircrafts. For instance, in 2015, Boeing filed a patent associated with the 3D printing of replacement aircraft parts.

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Aerospace Plastics Market, By Aircraft, 2018 & 2025, (USD Thousand)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Ensinger SABIC Victrex Drake Plastics Ltd BASF SE Major Companies Aerospace Plastics Market:

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved North America will account for the highest volume share in the aerospace plastics market size. The presence of multiple manufacturers focusing on developing fuel- efficient aircrafts are further boosting the regional share. Moreover, rising fuel costs along with stringent regulatory norms are further encouraging players to incorporate plastics in aircrafts. Aircraft manufacturers are developing customized plastic manufacturing processes for improving their margins and increase profitability. For instance, in 2019, Northrop Grumman was granted a patent associated with aerospace composite 3D printing process based on a fused filament fabrication (FFF) technology. Regional Insights in Aerospace Plastics Market:

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