Emerging trend for high performance and lightweight aircraft components is expected to drive global aerospace plastics demand. Aerospace plastics can be processed to exhibit required characteristics and specifications owing to its high strength and heat resistant properties. These plastics are extensively used in manufacturing of various aircraft components including airframes, rotor blades, wings, empennages, cockpits, decks and cabins. Global aerospace plastics market is expected to be valued at more than USD 13 billion by 2020, with the demand expected to reach over 110,000 tons in the same year.
Various industry applications of aerospace plastics include rotary, military, commercial and other aircraft options. These plastics require complex and expensive fabrication machines in order to provide energy efficient composite alternatives for varying industry application. This labor intensive refining process results in increased costs. Therefore, high operating and repair costs as well as high maintenance may act as a barrier to market growth. Associated carbon fiber toxicity issue is another challenge to be faced by the market. Emerging trends of nanocomposites and composites is expected to spur new opportunities for aerospace plastics market. Rising passenger traffic across various markets is expected to drive demand for new aircrafts which would further augment demand for aerospace plastics market.
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Application segment includes cabin areas, flight deck & cockpit, empennage, wings & rotor blades and airframe & fuselage. Wings and rotor blades are used to provide necessary force for aerial propulsion whereas empennage or tail assembly provides stability. Fuselage and airframe construction require different material to evolve such as...