Global Aerospace Plastics Market By Application Analysis Size Share Growth Trends Forecast to 2020 Grand View Research

GrandViewResearch's picture
Printer-friendly versionPrinter-friendly versionPDF versionPDF version

New Market Research Reports Title ” Global Aerospace Plastics Market Analysis Size And Segment Forecasts To 2020 ” Has Beed Added to GrandViewReseach.com Report Database


San Francisco, California, USA., July 23, 2014 - (PressReleasePoint) -The global market for aerospace plastics is expected to reach USD 13.48 billion by 2020, according to a new study by Grand View Research, Inc. These plastics are preferred substitutes for aluminum and steel in the aviation industry mainly because of high performance and low weight which results in better fuel efficiency. Increasing passenger traffic across emerging markets is expected to boost the demand for new aircraft which in turn would augment the demand for aerospace plastics. In addition, the market will be further augmented by emerging trends in composites and nanocomposites.

Airframe and fuselage was the largest application segment accounting for 14,356.3 tons of aerospace plastics demand in 2013. Aerospace plastics are extensively used in cabin areas application owing to high pressure resistance properties and accounted for over 12,400 tons of aerospace demand in 2013.

The report “Aerospace Plastics Market By Application (Airframe & Fuselage, Wings & Rotor Blades, Empennage, Flight Deck & Cockpit, Cabin Areas), By End User (Commercial & Freighter Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation) And Segment Forecasts To 2020” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/aerospace-plastics-market

Further key findings from the study suggest:
• Global aerospace plastics demand was 51,146.5 tons in 2013 and is expected to reach 112,503.1 tons by 2020, growing at a CAGR of 12.0% from 2014 to 2020.
• Europe was the largest regional market for aerospace plastics with revenue USD 3.45 billion in 2013. The presence of large aircraft manufacturers coupled with significant number of aerospace OEM’s is expected to boost the demand for plastics in the region. In addition, the region is also expected to witness significant growth, at an estimated CAGR of 8.0% from 2014 to 2020.
• Military aircrafts are expected to witness fastest growth for plastics, at an estimated CAGR of 13.1% from 2014 to 2020, in terms of volume. Increasing security concerns worldwide are expected to drive demand in this segment.

About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com

Press Contact:
Sherry James
Grand View Research, Inc.
28 2nd Street, Suite 3036
San Francisco, CA 94105
United States
1-415-349-0058
http://www.grandviewresearch.com/
***@*r**d**e**e**a**h.com
Email partially hidden to block spam. Please use the contact form here.
Contact Sherry James
Email the contact person for this press release. Do not send spam or irrelevant message.
1 + 0 =


News Source : Global Aerospace Plastics Market By Application Analysis Size Share Growth Trends Forecast to 2020 Grand View Research
Copy this html code to your website/blog to embed this press release.

Comments

Post new comment

8 + 4 =