What is the future of Aircraft Interior Plastics Market? Know Covid Impact on Size, Share & Forecasts
June 25, 2020
It was estimated prior to this unanticipated outbreak that the Aircraft Interior Plastics Market will reach US$ 3.2 billion in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. The recent spread of COVID-19 has brought cabin hygiene at the forefront which could be as important as flammability standards for cabin interiors. New standards for cabin interior sanitization, hygiene, antibacterial, or anti-viral surface treatments on different interior parts including plastic parts would benefit the industry in such a time of crisis. There exist significant opportunities for new and existing players serving the cabin interiors to innovate and advertize with materials or parts that would bring some superiority benefits in ensuring passengers’ safe and hygienic flying experience. Product development targeting hygiene and safety is among the new hotspot for cabin interiors.
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Aircraft Interior Plastics Market Segment Insights:
By Material Type:
Epoxy and phenolic plastics are the top two materials in the market with their widescale usage in sandwich panels. PASU family also holds significant share among thermoplastics, driven by its usage in interior decorative parts. High-performance thermoplastics, such as PEI and PPS, have also notable share in cabin interiors.
By Application Type:
Floor is expected to remain the most dominant application in the market over the next five years. Floors have thicker sandwich construction than other applications such as galleys, sidewalls, and ceilings. Glass and carbon-epoxy skins with nomex honeycomb are the perennial choice of materials for floor panels. Seats also have a significant share in the market and have been experiencing an increase in plastics content with the replacement of metallic parts.
By Aircraft Type:
The narrow-body aircraft segment is expected to remain the largest segment of the market over the next five years, propelled by the A320 and B737 programs. Wide-body aircraft also have a significant share in the market. High plastic content in wide-body aircraft, especially in the next-generation aircraft, such as A350XWB and B787, is augmenting the segmental demand.
By Region:
North America is projected to remain the largest region for aircraft interior plastics during the forecast period. However, its commercial aircraft segment has been experiencing various challenges, mainly due to the grounding of B737 Max severely affecting both linefit as well as retrofit demand. Airlines, particularly with the huge B737 Max fleet, are reluctant to take their other aircraft out for service and are deliberately delaying their interior retrofit programs. These factors have led Europe to surpass North America in the commercial aircraft segment. The resumption in the production of B737 Max coupled with large aircraft fleet size for all commercial and regional aircraft as well as general aviation is likely to maintain North American’s overall lead in the market.
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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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