LONDON–(BUSINESS WIRE)–Aug 12, 2020–
Technavio has been monitoring the aerospace plastics market and it is poised to grow by USD 262.90 million during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Aerospace Plastics Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- Based on segmentation by end-user, which is the leading segment in the market?
- The commercial and freighter aircrafts segment is expected to be the leading segment.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 6%, the incremental growth of the market is anticipated to be USD 262.90 million driving the market growth.
- Who are the top players in the market?
- BASF SE, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc., Ensinger GmbH, Hexcel Corp., Mitsubishi Chemical Holdings Corp., PPG Industries Inc., Saudi Basic Industries Corp., Solvay SA, and Victrex Plc. are some of the major market participants.
- What are the key market drivers and challenges?
- Increasing use of lightweight materials and the growth of engineering plastics are the major factors driving the market. However, the fluctuation in raw material prices restraints the market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BASF SE, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc., Ensinger GmbH, Hexcel Corp., Mitsubishi Chemical Holdings Corp., PPG Industries Inc., Saudi Basic Industries Corp., Solvay SA, and Victrex Plc are some of the major market participants. The increasing use of lightweight materials will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Aerospace Plastics Market 2020-2024: Segmentation
Aerospace Plastics Market is segmented as below:
- Commercial and Freighter Aircraft
- General Aviation
- North America
- South America
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Aerospace Plastics Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The aerospace plastics market report covers the following areas:
- Aerospace Plastics Market Size
- Aerospace Plastics Market Trends
- Aerospace Plastics Market Analysis
This study identifies the growth of engineering plastics as one of the prime reasons driving the aerospace plastics market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Aerospace Plastics Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist aerospace plastics market growth during the next five years
- Estimation of the aerospace plastics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the aerospace plastics market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aerospace plastics market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Exterior – Market size and forecast 2019-2024
- Interior – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Commercial and freighter aircraft – Market size and forecast 2019-2024
- General aviation – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by End-user
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Volume Driver- Demand led growth
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- BASF SE
- Compagnie de Saint-Gobain SA
- DuPont de Nemours Inc.
- Ensinger GmbH
- Hexcel Corp.
- Mitsubishi Chemical Holdings Corp.
- PPG Industries Inc.
- Saudi Basic Industries Corp.
- Solvay SA
- Victrex Plc
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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CONTACT: Technavio Research
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS AEROSPACE MANUFACTURING
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 08/12/2020 03:00 AM/DISC: 08/12/2020 03:01 AM
Copyright Business Wire 2020.