Aerospace Plastics Market Size, Emerging Trends and Outlook to 2022: Hexa Reports

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Aerospace Plastics Market Analysis, Share and Size,

Emerging Trends, Growth, Overview, Outlook And Segment

Forecasts To 2022

The global flame retardants for aerospace plastics market is expected to reach USD 29.1million by 2022,

according to a new report by Grand View Research, Inc. Growing plastics demand owing to lower

airframe weight and fuel savings is anticipated to remain a major driving factor for the global market.

Increasing air passenger traffic and evolving safety standards are also expected to have a positive

influence on industry growth. Volatile price of key raw materials such as aluminum, phosphorous and

nitrogen are expected to pose challenges to industry growth.

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Aluminum trihydrate (ATH) was the most popular flame retardant used widely as a synergist across

aerospace plastic applications, on account of its low cost and abundant availability. ATH accounted for

over 40% of total demand in 2014. Organophosphates/phosphorous compounds are expected to

witness the highest growth of 5.9% from 2015 to 2022.

Further key findings from the report suggest:

Global flame retardants for aerospace plastics market volume was 4,099.7 tons in 2014 and is expected

to reach 5,763.1 tons by 2022, growing at a CAGR of 5.3%from 2015 to 2022

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Carbon fiber reinforced plastics (CFRP) emerged as the leading application segment and accounted for

over 30% of total demand in 2014. The material is widely utilized in defense jets as armor shields owing

to its high impact resistance, in order to reduce accidental damage to engine pylons. CFRP is also

expected to witness the highest growth of 5.8% from 2015 to 2022.

Polycarbonates is also expected to witness significant growth owing to their increasing penetration in

aerospace industry on...