Aerospace Plastics Market

SABIC (Saudi Arabia) and Victrex (UK) are the Leading Players in the Aerospace Plastics Market

The aerospace plastics market is projected to grow from USD 14.7 billion in 2018 to USD 20.7 billion by 2023 at a CAGR of 7.1% from 2018 to 2023. The growth of the aerospace plastics market can be attributed to the increasing demand for lightweight and more efficient aircraft, increase in passenger transportation due to affordable carriers in emerging regions, replacement of old aircraft and modernization of existing aircrafts, and growth of the aviation industry in developing economies.

SABIC (Saudi Arabia), Victrex (UK), Drake Plastics Ltd. (US), Solvay (Belgium), BASF SE (Germany), and Evonik (Germany), are some of the leading players operating in the aerospace plastics market. These players have adopted strategies such as expansions, new product launches, investment, partnership, joint venture, and contract to cater to the increased demand for aerospace plastics from various end-user industries.

To know about the assumptions considered for the study download the pdf brochure

SABIC is a leading global manufacturer of aerospace plastics. The company has strong sales and distribution networks across the globe. In February 2018, the company planned to increase the production of Ultem resin in Singapore for its customers based in Asia. This new production facility will help in increasing its global production by 50% and is expected to become operational in the first half of 2021.

Victrex is among the prominent players in the aerospace plastics market and offers a broad product portfolio. The company achieves strong growth through organic and inorganic growth strategies such as partnerships and investments. These strategies have also helped strengthen its competitive position in the market. For instance, in September 2018, Victrex partnered with the University of Exeter (UK) to introduce next-generation PAEK polymers and composites for additive manufacturing to be used in the aerospace industry. This partnership acted as a stepping stone for both parties to develop a broader platform for new and current additive manufacturing technologies.

Drake Plastics Ltd. is a pioneer in the production of Torlon [a wear–resistant polyamide-imide (PAI) with high strength and stiffness] and PEEK products. The company has made significant R&D investments over the years to enhance its product portfolio. For instance, in March 2017, Drake added extruded Ryton R4 to its product portfolio. Ryton’s properties and characteristics such as strength, stiffness, and chemical inertness across different environments make it suitable for aerospace applications.

Related Reports:

Aerospace Plastics Market by Polymer Type (PEEK, PMMA, PC, PPS, ABS), Aircraft Type (Commerical, General & Business, Military, Rotary), Application (Cabin Windows & windshield, Cabin Lighting, Overhead Storage Bins), and Region - Global Forecast to 2023

Contact:
Mr. Shelly Singh
MarketsandMarkets¢â INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Aerospace Plastics Market Size,  Share & Growth Report
Report Code
CH 6848
RI Published ON
1/9/2019
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status