The changing dynamics in Aerospace Thermoplastics Market with covid-19 impact assessment.
June 05, 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 Thermoplastics Market.
It was estimated prior to this unanticipated outbreak that the Aerospace Thermoplastics Market will reach US$ 341.7 million by 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. Today, thermoplastics have earned a substantial position in all the end-use industries including the aerospace industry. Although, the aerospace industry represents a diminutive share of less than 1% in terms of volume of the total thermoplastics market, but it has been efficacious in gaining enough buzz in the market, propelled by its eye-catching growth rate. It is undeniably one of the fastest-growing markets among all end-use industries.
For a more detailed breakdown of the COVID-19 impact on this Market, request a free sample of the report here: https://www.stratviewresearch.com/Request-Sample/686/aerospace-thermoplastics-market.html
Aerospace Thermoplastics Market Segment Insights:
By Aircraft Type:
Commercial aircraft segment is likely to remain the largest segment of the market during the forecast period.
By Resin Type:
HPTPs are further segmented into PPS, PAEK Family, PASU Family, PEI, HPPAs, and Others. Similarly, engineering thermoplastics are further segmented into PC, PA, and others and standard thermoplastics into PP, PS, and others. In terms of value, HPTPs are likely to remain the most dominant and the fastest-growing segment over the next five years. HPTPs are gaining traction in the aerospace industry because of their better temperature stability, excellent chemical resistance, and higher mechanical properties. Among HTTPs, PPS is likely to maintain its supremacy in the market with an excellent CAGR during the forecast period.
By Form Type:
Reinforced thermoplastics are likely to maintain their dominance in the market by 2025. Reinforced thermoplastics provide a substantial boost in modulus and stiffness. The stiffness gain through the impregnation of reinforcements in thermoplastics increases performance at elevated temperatures.
By Application Type:
In interiors, all three sets of thermoplastics (HPTPs, engineering, and standard) are used; however, their usage and applications are subjected to various parameters including strength, toughness, cost, etc. For instance, engineered thermoplastics and standard thermoplastics are preferred in low load-bearing applications such as dashboards, and cabinets, whereas HPTPs are preferred in parts requiring higher dimensional stability with more stringent FST standards.
By Region:
North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American aerospace thermoplastics market. The country is the hub of the aerospace industry with the presence of several aircraft OEMs, tier players, part fabricators, compounders, and resin suppliers. Most of the major thermoplastic 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.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/686/aerospace-thermoplastics-market.html
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
Click here for other high value market reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176