Aerospace Plastics Market Is Expected to Reach Us$ 15.7 Bn by 2023: Credence Research

Aerospace Plastics Market is Expected to Reach US$ 15.7

Bn by 2023: Credence Research

According to a new market report published by Credence Research “Aerospace Plastics Market - Growth,

Future Prospects & Competitive Analysis, and Forecast 2016 - 2023,” the aerospace plastics market is

expected to reach US$ 15.7 Bn by 2023, expanding at a CAGR of more than 6.7% from 2016 to 2023.

Browse the full Aerospace Plastics Market for Applications- Empennage, Airframe & Fuselage, Cabin

Areas, Wings & Rotor Blades, Flight Deck & Cockpit and by End-Use-Commercial & Freighter Aircrafts,

Military Aircrafts, Rotary Aircrafts and General Aviation - Growth, Future Prospects & Competitive

Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/aerospaceplastics-market

Market Insights:

Plastics have attracted large number of end-user industries due to its advantages for wide range of

applications. Lightweight materials, fuel savings, corrosion resistant and freedom of designs among others

are the major advantages of plastics. These advantages of plastics have substituted metal parts in the

aerospace industry. The use of plastics makes the planes safer, lighter and more economical. Plastics are

not only used for interior parts but also for exterior parts such as technical parts, structural elements, etc.

Hence, the use of technical composites and plastics has rapidly grown in the aviation industry. Growing

demand for lightweight materials due to fuel savings and reduced weight of the planes is the major factor

driving the demand for aerospace plastics in the market. In addition, reduced fuel consumption due to

lightweight of planes is another factor promoting growth of global aerospace plastics market worldwide.

Hence, the aviation industry is anticipated to boost high growth for aerospace plastics in the market.

Based on applications, the global aerospace plastics market is segmented into empennage, airframe &

fuselage, cabin...