What is the future of Aerospace Thermoplastic Composites Market? Know Covid Impact on Size, Share & Forecasts
June 25, 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 Aerospace Thermoplastic Composites Market.
It was estimated prior to this unanticipated outbreak that the A&D Thermoplastic Composites Market will reach an estimated value of US$ 768.7 million in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Aerospace Thermoplastic Composites Market Segment Insights:
By Aircraft Type:
Commercial aircraft is projected to remain the most dominant aircraft type in the global A&D thermoplastic composites market during the forecast period.
By Resin Type:
PPS resin dominates the A&D thermoplastic composites market and is expected to remain the largest segment during the forecast period. PPS resins have good dimensional stability even at elevated temperatures and in a harsh chemical environment. They also have the advantage of molding complex parts easily with tight tolerance. The resins have successfully found usage in various aircraft applications, especially in airframe applications.
By Fiber Type:
Carbon fiber is projected to remain the larger fiber type in the global A&D thermoplastic composites market during the forecast period. Extremely low weight coupled with high tensile and compression strength is the key growth driver of carbon fiber in the A&D thermoplastic composites market. On the other hand, glass fiber is likely to remain the second choice in the forecast period, due to its relatively low performance than carbon fiber.
By Region:
Europe is expected to remain the largest market during the forecast period. Airbus is the major consumer of thermoplastic composites. Major tier players have set up manufacturing plants with high proximity to the Airbus’ assembly plants to fulfill their emerging requirements for its next-generation aircraft program. North America also holds a reasonable share in the A&D thermoplastic composites market. Boeing and Gulfstream Aerospace are the key OEMs, which are creating a healthy demand for thermoplastic composite parts in the region.
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Features of the Report
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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