The Market of Aircraft Decorative Laminates to grow beyond US$ 344.1 million by 2024
February 14, 2020
Aircraft Decorative Laminates Market Overview:
The market for decorative laminates in the global aircraft industry is likely to grow at a rate above the industry growth rate over the next five years to reach an estimated value of US$ 344.1 million in 2024. Several factors bolstering the demand for decorative laminates in the industry are increasing production rates of the next-generation aircraft, increasing focus of airlines on the modernization of interiors of their existing aircraft fleet to provide uniform feel, high focus of the aircraft industry stakeholders for the development of lightweight and smart cabin interior solutions, and rising aircraft fleet.
Report Overview:
This new report from Stratview Research analyses the Aircraft Decorative Laminates Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. 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
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Aircraft Decorative Laminates Market Segment Insights:
Narrow- and wide-body aircraft: The growth engine
The market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation. Narrow- and wide-body aircraft are likely to remain the growth engines of the market during the forecast period. Increasing production rates of the key programs such as B737, B787, A320, and A350XWB; introduction of variants of the best-selling programs (A320neo, B737 Max, B777x, and A330neo); market entry of new aircraft (C919 and MC-21); increasing demand for high quality and lightweight components; and rising aircraft fleet size are the major growth drivers of the market in these segments during the forecast period.
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https://www.stratviewresearch.com/toc/459/Aircraft-Decorative-Laminates-Market.html
A highly/moderately/fragment consolidated Market
The key decorative laminate manufacturers are ISOVOLTA AG, Schneller LLC, DUNMORE Corporation, E. I. du Pont de Nemours and Company, and the Boeing Company. The development of high-performance aircraft decorative laminates, expansion in untapped and growing markets, and the execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
The supply chain of this market comprises raw material suppliers, decorative laminate manufacturers, aircraft cabin interior part fabricators, distributors, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies.
Regional Hegemony of North America & the dominance of Interior panel
In terms of region, North America is expected to remain the largest market for aircraft decorative laminates during the forecast period. The USA is the growth engine of the region’s market with the presence of all major aircraft OEMs, tier players, raw material suppliers, and decorative laminate suppliers. Asia-Pacific is likely to witness the highest growth in the same period, driven by a host of factors including an increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
Based on the application type, the market is segmented into Interior Panels, Stowage Bins, Seats, Galleys, and Others. Interior panel is expected to remain the dominant application segment of the market during the forecast period, owing to its large surface area. Other applications include bulkheads/partition walls, lavatories, trolleys, cabin facings, closets, and passenger service units.
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