Aerospace Plastics Market Is Expected To Growing at a CAGR of 12.0% from 2014 to 2020
The global market for aerospace plastics (http://www.grandviewresearch.com/industry-analysis/aerospace-plastics-market) is expected to reach USD 13.48 billion by 2020, according to a new study by Grand View Research, Inc. 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. 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. In addition, the market will be further augmented by emerging trends in composites and nanocomposites.
Airframe and fuselage was the largest application segment accounting for 14,356.3 tons of aerospace plastics demand in 2013. 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.
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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)
• Airframe and Fuselage
• Wings and Rotor Blades
• Flight Deck and Cockpit
• Cabin Areas
• Others (Engine, Wing Box)
• Aerospace Plastics End Use Applications Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• Commercial and Freighter Aircrafts
• Military Aircrafts
• Rotary Aircrafts
• General Aviation
• Aerospace Plastics Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Asia Pacific
For More Information - http://www.grandviewresearch.com/
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