Read detailed report or request for sample of this research report: 1% from 2014 to 2020, in terms of volume.Europe was the largest regional market for aerospace plastics with revenue USD 3.1 tons by 2020, growing at a CAGR of 12. These plastics are preferred substitutes for aluminum and steel in the aviation industry mainly because of high performance and low weight which results in better fuel efficiency.Further key findings from the study suggest:Global aerospace plastics demand was 51,146.Military aircrafts are expected to witness fastest growth for plastics, at an estimated CAGR of 13. This segment is expected to grow at a CAGR of 12.grandviewresearch.0% from 2014 to 2020.45 billion in 2013. Increasing passenger traffic across emerging markets is expected to boost the demand for new aircraft which in turn would augment the demand for aerospace plastics.
The Global Aerospace Plastics Market is expected to reach USD 13.5 tons in 2013 and is expected to reach 112,503.divog.1% from 2014 to 2020.terrapass.For the purpose of this study, Grand View Research has segmented the global aerospace plastics market on the basis of application, end use and region: Aerospace Plastics Application Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020) The presence of large aircraft manufacturers coupled with significant number of aerospace OEM’s is expected to boost the demand for plastics in the region.org.Key Companies in the market include Zoltek, Mitsubishi Heavy Industries, Hexcel Corporation, SGL Carbon, and Toray Carbon Fibers America Inc. Aerospace plastics are extensively used in cabin areas application owing to high pressure resistance properties and accounted for over 12,400 tons of aerospace demand in 2013.
Commercial and freighter aircrafts were the largest end use segment in 2013 with plastic demand of 36,392.48 billion by 2020, according to a new study by Grand View Research, Inc. In addition, the market will be further augmented by emerging trends in composites and nanocomposites. Increasing security concerns worldwide are expected to drive demand in this segment. In addition, the region is also expected to witness significant growth, at an estimated CAGR of 8.9 tons owing to increased number of passengers opting for air transport coupled with China Resin for TGIC Cure Manufacturers increasing number of service providers.3 tons of aerospace plastics demand in 2013.grandviewresearch.grandviewresearch
FR