Aerospace Plastics Market Analysis

Aerospace Plastics Market Analysis

Increasing deployment of low-cost carriers is propelling the narrow body aerospace plastics industry size. The segment generated around USD 17 million revenue in 2019. Presence of wide airline networks along with expansion of air fleet in international markets is creating demand for new narrow body aircrafts. Creation of competitive fare structure offering economical air travel opportunities is escalating the demand for LCC, strengthening the market size expansion.

Cabin interiors segment leads the market with over 50% share in 2019 and is expected to hold its leading position through 2026. Plastics are used in several cabin interior applications such as door slides, latches, drawers, stowage bins parts, stowage bin doors, seating, and other interior decorations. Aircraft manufacturers are developing high impact, fire-rated thermoplastic materials with improved durability, and chemical resistance. Moreover, the development of components complying with fungus test will escalate the industry growth.
 

North America aerospace plastics market is predicted to generate over USD 25 million revenue by 2026. The presence of multiple aircraft manufacturers will drive the regional market demand. Aircraft manufacturers are employing lightweight components for complying with stringent regulatory standards imposed by multiple regulatory bodies such as the FAA. The materials have higher ductility compared to ceramics and lower weight than metal alloys.