What is the future of Aircraft Flame-Retardant Films Market? Know Covid Impact on Size, Share & Forecasts
June 17, 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 Aircraft Flame-Retardant Films Market.
It was estimated prior to this unanticipated outbreak that the Aircraft Flame-Retardant Films Market will reach an estimated value of US$ 331.1 million in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Aircraft Flame-Retardant Films Market Segment Insights:
By Aircraft Type:
Commercial aircraft is likely to remain the most dominant and fastest-growing segment of the market during the forecast period.
By Material Type:
PEEK film is expected to remain the dominant and fastest-growing segment of the market during the forecast period. PEEK films exhibit better properties, such as good permeation barrier, low-moisture absorption, excellent wear and abrasion resistance, and low smoke and toxic gas emission. All these properties of PEEK films have led to its wide acceptance as flame-retardant material in the aircraft industry.
By Region:
North America is projected to remain the largest market for aircraft flame-retardant films during the forecast period. The USA is the growth engine of the region’s market and has the largest fleet of military aircraft and one of the largest fleet of commercial aircraft in the world. The presence of all major aircraft OEMs, tier players, aircraft flame-retardant film suppliers, and raw material suppliers are primarily driving the flame-retardant films market in the country.
Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ).
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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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