The changing dynamics in Aerospace High-Performance Thermoplastics Market with covid-19 impact assessment
June 08, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aerospace High-Performance Thermoplastics Market.
It was estimated prior to this unanticipated outbreak that the Aerospace High-Performance Thermoplastics Market was likely to witness an impressive CAGR of 6.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Aerospace High-Performance Thermoplastics Market Segment Insights:
By Aircraft Type:
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.
By Resin Type:
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.
By Region:
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.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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