Aerospace High-Performance Thermoplastics Market to offer a healthy CAGR of 6.5% during 2020-25
February 13, 2020
Aerospace High-Performance Thermoplastics Market Overview:
It is estimated that the aerospace high-performance thermoplastics market will grow at a lucrative CAGR of 6.5% during the next five years (2020-2025). Some of the key factors bolstering the growth of aerospace HPTP market are listed below.
- Increasing production rates of B787, F35, and A350XWB programs
- Increasing commercial and regional aircraft deliveries
- Rising demand for lightweight and corrosion-resistant parts
- Increasing penetration of composites in newer generation aircraft
- Low processing cost of thermoplastic composites as compared to the thermoset composites
Report Overview:
This new report from Stratview Research analyses the Aerospace High-Performance Thermoplastics Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report here:
Aerospace High-Performance Thermoplastics Market Segment Insights:
Commercial Aircraft Generate the Highest Demand for HPTPs
The report segments the market by platform type (commercial aircraft, regional aircraft, general aviation, military aircraft, spacecraft, and others). Commercial aircraft segment is expected to remain the largest and fastest-growing segment of the market during the forecast period. However, all the other segments also generate sizeable opportunities for HPTPs.
The most noticeable factors driving the demand for HPTPs in commercial aircraft are
- increasing penetration of composite materials in the latest aircraft programs including B787 and A350XWB,
- increasing production rates of the key programs,
- introduction of fuel-efficient variants of the best-selling aircraft (A320neo and B777x),
- upcoming aircraft programs (Irkut MC-21 and COMAC C919).
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/647/aerospace-high-performance-thermoplastics-market.html
A highly/moderately/fragment consolidated Market
The key players in the market are
- Solvay S.A.
- Victrex plc
- BASF SE
- DIC Corporation
- SABIC
- Toray Industries, Inc.
- Evonik Industries AG
- Arkema S.A.
All the major high-performance thermoplastic providers or compounders have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning. However, some of the most common strategies adopted by most of them are higher focus towards the development of new products addressing unmet needs, adopting more customer-centric approach rather than product-centric approach (custom-designed and application-specific products), execution of M&As to quickly gain market share, and develop vast product portfolio covering a good blend of all the three ladders of thermoplastics’ pyramid.
The supply chain of this market comprises several nodes including raw material suppliers, aerospace HPTP manufacturers, compounders, prepreggers, tier players, OEMs, airlines, and MRO companies.
North America - the Largest Consumer, Asia-Pacific - the Fastest Growing Market
Among all the regions studied in the report, North America is expected to remain the largest market for aerospace HPTPs during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators. Most of the major HPTP manufacturers have their presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
Asia-Pacific is likely to witness the highest growth during the same period. The region's demand is driven by a host of factors including
- increasing demand for commercial aircraft to support rising passenger traffic
- the opening of assembly plants of Boeing and Airbus in China for B737, A320 and A330 aircraft programs;
- upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ);
- rising aircraft fleet size; and
- increasing military spending by countries such as China and India.
PPS to Retain the Largest Share in Total HPTP Sales
The key thermoplastic/resin types used in aerospace are polyphenylene sulfide (PPS), aromatic ketones (PAEK family), polyarylsulfone (PASU family), high-performance polyamide (HPPA), polyetherimide (PEI), and others. PPS is expected to remain the largest segment of the market during the forecast period. PPS resins offer various advantages such as high-temperature performance, dimensional stability, and excellent electrical insulation properties. This makes them the preferred material for a wide array of applications in the aerospace industry, such as clips, cleats, doors, refuelling and fuel systems, pipe holders, electrical components, and cable ducts where engineering thermoplastics prove to be unsuitable.
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