Aerospace Plastics Market Size Worth $15.7bn by 2022: Global Market Insights, Inc.

Aerospace Plastics Market size may register 15.74 billion by 2022 as per the latest research report by Global Market Insights, Inc.

Strong application outlook of lightweight materials in aviation industry in order to improve fuel efficiency and performance is likely to drive aerospace plastics market size growth.

Regulatory support for aviation industry development owing to growth in freight air carriers coupled with increasing defense budgets should favor demand. Europe, led by France and Germany aerospace plastics market size, had significant regional share in 2014 and may register over USD 6.5 billion by 2022. France has number of institutions providing aviation engineering programs and aircraft companies invest over 15% of their turnover in research and development activities. These initiatives help provide quality workforce to France aviation industry which should favor aerospace plastics market size growth.

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Airframe & fuselage applications accounted for highest in the global aerospace plastics market share in 2015 and may surpass 40 kilo tons by 2022. Aircraft frame contains high amount of carbon fiber reinforced plastics and composites making airframe lighter. Plastics usage in fuselage provides part count reductions through fasteners and integral clips usage.

Commercial & freighter aircrafts dominated the end-user segment and may surpass USD 10 billion by 2022. Reduced maintenance and operational costs achieved due to weight reduction have encouraged aviation industry to increase polymer content in commercial & freighter aircrafts. This factor has also shifted the paradigm of the commercial aircrafts from aluminum to aerospace plastics.

Stringent regulations coupled with environmental effect of petro-based products are expected to limit raw material availability which may affect aerospace plastics market price trend. Strong carbon...