Aerospace plastic is nothing but the highly engineered polymers which is used in the production of the number of components and parts in the aerospace industry. However, PVC (polyvinyl chloride), acrylics, polycarbonates, as well as ABS (acrylonitrile butadiene styrene) are some of the types of aerospace plastics. On the other hand, these types of plastics are feasible alternatives used in rotary, military, general aviation planes, and freighter planes than the other traditional materials such as aluminum and steel. Increasing usage of plastic in the plane components to reduce its overall heaviness as well as increase fuel competence will boost the growth of aerospace plastics.
On the other hand, the plastics are lighter as compared to the conventional components and it offers a huge range of freedom in constructing components. Thus, the polymer material components offer around 50% lighter and corrosion resistance than aluminum. Increasing the adaption of reinforcing fiber materials as well as polymer will increase the market size into the coming years.
Furthermore, rising usage of radical polymers which include Polymethyl Methacrylate as other options to glass for airplane windows across the military industry will also boost the aerospace plastics market growth. However, Polymethyl Methacrylate can be simply molded with different shapes and it also avoids optical distortion and offers improved surface superiority. In addition, the service providers are developing innovative production services that offer custom tailored specialty sheets for the huge number of components. Moreover, the integration of several advanced manufacturing technologies such as 3-dimensional printing to reduce production costs will drive the growth of the aerospace plastics market. Thus, the military aircraft manufacturers re adopting 3D printed plastic components to minimize sustainment cost as well as increase readiness of the weapon system.
In addition, the addition of polymers with its capability to endure high temperatures, as well as offer excellent erosion resistance, will also boost the share of the aerospace plastics market. However, industrial thermoplastics such as ABS are hugely used to produce storage containers for the cabin interiors. Likewise, the thermoplastics offer higher durability. On the other hand, increasing advancements in high-temperature engineering polymers including polytherketoneketone and polyethylene sulphide to offer alternatives for several aluminum parts will also increase the aerospace plastic market size. Thus, the polymers offer several features such as tensile, impact resistance, high stiffness, and compressive strength. Freighter and commercial aircrafts are dominated for the highest share across the end user segment as well as it is accounted for near around 72% of the market share in the year 2013.
In addition to this, fuel efficiency with decreasing maintenance costs has shifting the consumer preference for commercial aircrafts companies from aluminum to plastics. As per the geography, North America is one of the top markets for aerospace plastic which is strongly followed by Asia Pacific as well as Europe. However, the aerospace plastics demand is higher across the region due to the major aircraft manufacturers including Bombardier and Boeing is located in the region. Ina addition, the huge number of leading players has adopted several strategies such as new product launching, expansion, as well as agreements.
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