Aerospace Plastics Market Analysis and Segment Forecasts To 2025

MARKET ESTIMATES & TREND ANALYSIS
Aerospace Plastics Market

Market, by application (Aerostructure, Components, Equipment, Systems & Support,
Cabin Interiors, Propulsion Systems, Satellites, Construction and
Insulation Components)
Market, by end-use (Commercial & Freighter Aircrafts, Military Aircrafts, Rotary Aircrafts,
General Aviation)
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Aerospace Plastics Market Analysis and Segment
Forecasts to 2025
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Forecasts to 2025
Table of Content
Chapter 1 Methodology and Scope ................................................. 14

1.1 Research Methodology ............................................................................................... 14
1.2 Research Scope & Assumptions .................................................................................. 14
1.3 List of Data Sources .................................................................................................... 17
1.4 Glossary ..................................................................................................................... 18
Chapter 2 Executive Summary ........................................................ 20
Chapter 3 Aerospace Plastics Industry Outlook ............................ 25

3.1 Aerospace plastics market segmentation .................................................................... 25
3.2 Aerospace plastics market size and growth prospects, 2014 - 2025 .............................. 26
3.3 Aerospace plastics market value chain analysis ........................................................... 27
3.3.1 Vendor landscape ............................................................................................. 30
3.4 Raw material outlook ................................................................................................. 31
3.4.1 PMMA ............................................................................................................. 31
3.4.2 Polycarbonate .................................................................................................. 32
3.4.3 PPS .................................................................................................................. 33
3.5 Technology overview.................................................................................................. 34
3.6 Regulatory framework................................................................................................ 35
3.7 Aerospace plastics market dynamics ........................................................................... 36
3.7.1 Market driver analysis ...................................................................................... 38
3.7.1.1 Growing aviation sector .............................................. 38
3.7.1.2 Substitute to aluminum and steel................................. 41
3.7.1.3 Easy adoption in aircraft design ................................... 43
3.7.2 Market restraints analysis ................................................................................. 44
3.7.2.1 Toxicity issues .......................................................... 44
3.7.2.2 High fabrication costs ................................................. 45
3.7.2.3 Safety issues ............................................................ 45
3.8 Aerospace plastics market key opportunities prioritized .............................................. 46
3.9 Aerospace plastics company market share, 2016 ......................................................... 47
3.10 Aerospace plastics market Porter’s analysis ................................................................ 48
3.11 Aerospace plastics market PESTEL analysis .................................................................. 49

Forecasts to 2025
Chapter 4 Aerospace Plastics Application Outlook ....................... 50

4.1 Global aerospace plastics market volume share by application, 2016 & 2025 ............... 50
4.2 Aerostructure............................................................................................................. 51
4.2.1 Global aerospace plastics market estimates and forecast in aerostructure,
2014 - 2025, (Tons) (USD Million) ...................................................................... 51
by region, 2014 - 2025, (Tons) (USD Million) ...................................................... 51
by polymer type, 2014 - 2025, (Tons) (USD Million) ............................................ 53
4.3 Components............................................................................................................... 54
4.3.1 Global aerospace plastics market estimates and forecast in components,
2014 - 2025, (Tons) (USD Million) ...................................................................... 54
4.4 Equipment, systems & support ................................................................................... 58
4.4.1 Global aerospace plastics market estimates and forecast in empennage,
2014 - 2025, (Tons) (USD Million) ...................................................................... 58
4.4.2 Global aerospace plastics market estimates and forecast in equipment,
systems & support, by region, 2014 - 2025, (Tons) (USD Million) ........................ 58
4.4.3 Global aerospace plastics market estimates and forecast in equipment,
systems & support, by polymer type, 2014 - 2025, (Tons) (USD Million) .............. 59
4.5 Cabin interiors............................................................................................................ 61
4.5.1 Global aerospace plastics market estimates and forecast in cabin interiors,
2014 - 2025, (Tons) (USD Million) ...................................................................... 61
4.6 Propulsion systems..................................................................................................... 64
4.6.1 Global aerospace plastics market estimates and forecast in propulsion
system, 2014 - 2025, (Tons) (USD Million) .......................................................... 64
system, by region, 2014 - 2025, (Tons) (USD Million) .......................................... 65
system, by polymer type, 2014 - 2025, (Tons) (USD Million) ............................... 66
4.7 Satellites .................................................................................................................... 67

Forecasts to 2025
4.7.1 Global aerospace plastics market estimates and forecast in satellites, 2014
- 2025, (Tons) (USD Million) .............................................................................. 67
4.7.2 Global aerospace plastics market estimates and forecast in satellites, by
region, 2014 - 2025, (Tons) (USD Million) ........................................................... 68
4.7.3 Global aerospace plastics market estimates and forecast in satellites, by
polymer type, 2014 - 2025, (Tons) (USD Million) ................................................ 69
4.8 Construction and insulation components .................................................................... 70
4.8.1 Global aerospace plastics market estimates and forecast in construction
and insulation components, 2014 - 2025, (Tons) (USD Million) ........................... 70
and insulation components, by region, 2014 - 2025, (Tons) (USD Million) ........... 71
and insulation components, by polymer type, 2014 - 2025, (Tons) (USD
Million) ............................................................................................................ 72
Chapter 5 Aerospace Plastics End-Use Outlook............................ 74

5.1 Global aerospace plastics market volume share by end-use, 2016 & 2025 .................... 74
5.2 Commercial & freighter aircrafts ................................................................................. 74
5.2.1 Global aerospace plastics market estimates and forecast in commercial &
freighter aircrafts, 2014 - 2025, (Tons) (USD Million) .......................................... 74
5.2.2 Global aerospace plastics market estimates and forecast in commercial
and freighter aircrafts, by region, 2014 - 2025, (Tons) (USD Million) ................... 75
5.3 Military aircrafts......................................................................................................... 76
5.3.1 Global aerospace plastics market estimates and forecast in military
aircrafts, 2014 - 2025, (Tons) (USD Million) ........................................................ 76
5.3.2 Global aerospace plastics market estimates and forecast in military
aircrafts, by region, 2014 - 2025, (Tons) (USD Million) ........................................ 77
5.4 Rotary aircrafts .......................................................................................................... 78
5.4.1 Global aerospace plastics market estimates and forecast in rotary
aircrafts, 2014 - 2025, (Tons) (USD Million) ........................................................ 78
5.4.2 Global aerospace plastics market estimates and forecast in rotary
aircrafts, by region, 2014 - 2025, (Tons) (USD Million) ........................................ 79
5.5 General aviation ......................................................................................................... 80
5.5.1 Global aerospace plastics market estimates and forecast in general
aviation, 2014 - 2025, (Tons) (USD Million) ........................................................ 80
5.5.2 Global aerospace plastics market estimates and forecast in general
aviation, by region, 2014 - 2025, (Tons) (USD Million) ........................................ 81
5.6 Others........................................................................................................................ 82
5.6.1 Global aerospace plastics market estimates and forecast in other end-use
industries, 2014 - 2025, (Tons) (USD Million)...................................................... 82

Forecasts to 2025
5.6.2 Global aerospace plastics market estimates and forecast in other end-use
industries, by region, 2014 - 2025, (Tons) (USD Million)...................................... 83
Chapter 6 Aerospace Plastics Regional Outlook ........................... 84

6.1 Global aerospace plastics market volume share by region, 2016 & 2025 ...................... 84
6.2 North America............................................................................................................ 85
6.2.1 North America aerospace plastics market estimates and forecast, 2012-
2022, (Tons) (USD Million) ................................................................................ 85
6.2.2 North America aerospace plastics market estimates and forecasts, by
application, 2014 - 2025, (Tons) (USD Million).................................................... 85
6.2.3 North America aerospace plastics market estimates and forecasts, by end-
use, 2014 - 2025, (Tons) (USD Million) ............................................................... 87
6.3 Europe ....................................................................................................................... 88
6.3.1 Europe aerospace plastics market estimates and forecast, 2014 - 2025,
(Tons) (USD Million).......................................................................................... 88
6.3.2 Europe aerospace plastics market estimates and forecasts, by application,
2014 - 2025, (Tons) (USD Million) ...................................................................... 89
6.3.3 Europe aerospace plastics market estimates and forecasts, by end-use,
2014 - 2025, (Tons) (USD Million) ...................................................................... 90
6.4 Asia Pacific ................................................................................................................. 91
6.4.1 Asia Pacific aerospace plastics market estimates and forecast, 2014 -
2025, (Tons) (USD Million) ................................................................................ 91
6.4.2 Asia Pacific aerospace plastics market estimates and forecasts, by
application, 2014 - 2025, (Tons) (USD Million).................................................... 92
6.4.3 Asia Pacific aerospace plastics market estimates and forecasts, by end-
use, 2014 - 2025, (Tons) (USD Million) ............................................................... 93
6.5 RoW........................................................................................................................... 94
6.5.1 RoW aerospace plastics market estimates and forecast, 2014 - 2025,
(Tons) (USD Million).......................................................................................... 94
6.5.2 RoW aerospace plastics market estimates and forecasts, by application,
2014 - 2025, (Tons) (USD Million) ...................................................................... 95
6.5.3 RoW aerospace plastics market estimates and forecasts, by end-use, 2014
- 2025, (Tons) (USD Million) .............................................................................. 96
Chapter 7 Competitive Landscape .................................................. 98

7.1 Hyosung Corporation.................................................................................................. 98
7.1.1 Company Overview .......................................................................................... 98
7.1.2 Financial Performance ...................................................................................... 98
7.1.3 Product Benchmarking...................................................................................... 98

Forecasts to 2025
7.1.4 Strategic Initiatives ........................................................................................... 98

7.2 Kaman Aerospace Corporation ................................................................................... 99
7.2.1 Company Overview .......................................................................................... 99
7.2.2 Financial Performance ...................................................................................... 99
7.2.3 Product Benchmarking...................................................................................... 99
7.2.4 Strategic Initiatives ........................................................................................... 99
7.3 Mitsubishi Heavy Industries Limited (MHI) ................................................................ 100
7.3.1 Company Overview ........................................................................................ 100
7.3.2 Financial Performance .................................................................................... 100
7.3.3 Product Benchmarking.................................................................................... 100
7.3.4 Strategic Initiatives ......................................................................................... 101
7.4 Premium Aerotec GmbH ........................................................................................... 101
7.5 Saudi Basic Industries Corporation (SABIC) ................................................................ 102
7.6 SGL Carbon SE .......................................................................................................... 104
7.7 Tech-Tool Plastics Inc................................................................................................ 105
7.8 Toho Tenax Co. Ltd. .................................................................................................. 106

Forecasts to 2025
7.9 Toray Carbon Fibers America Inc. .............................................................................. 107

7.10 Zoltek Companies, Inc............................................................................................... 107
7.11 BASF ........................................................................................................................ 108
7.12 Evonik Industries AG ................................................................................................ 109
7.13 Holding Company Composite .................................................................................... 111
7.14 Cytec Industries Inc. ................................................................................................. 112
7.15 Ensinger GmbH......................................................................................................... 113
7.16 Hexcel Corporation................................................................................................... 114

Forecasts to 2025

7.17 HITCO Carbon Composites ........................................................................................ 115
7.18 Solvay ...................................................................................................................... 116

Forecasts to 2025
List of Tables
TABLE 1 Aerospace Plastics – Industry Summary & Key Buying Criteria, 2014 – 2025 20
TABLE 2 Global aerospace plastics market, 2014 - 2025 (Tons) (USD Million) 21
TABLE 3 Global aerospace plastics market volume, by region, 2014 - 2025 (Tons) 21
TABLE 4 Global aerospace plastics market revenue, by region, 2014 - 2025 (USD Million) 22
TABLE 5 Global aerospace plastics market volume, by application, 2014 - 2025 (Tons) 23
TABLE 6 Global aerospace plastics market revenue, by application, 2014 - 2025 (USD
Million) 23
TABLE 7 Global aerospace plastics market volume, by end-use 2014 - 2025 (Tons) 24
TABLE 8 Global aerospace plastics market revenue, by end-use, 2014 - 2025 (USD Million) 24
TABLE 9 Vendor landscape 30
TABLE 10 Aerospace plastics– Key market driver analysis 38
TABLE 11 Weight reduced with CFRP usage comparative to aluminum 42
TABLE 12 Aerospace plastics– Key market restrain analysis 44
TABLE 13 Greenhouse gas emissions by different aerospace materials 44
TABLE 14 Global aerospace plastics market estimates and forecast in aerostructure, 2014 -
2025, (Tons) (USD Million) 51
TABLE 15 Global aerospace plastics market volume in aerostructure, by region, 2014 - 2025,
(Tons) 51
TABLE 16 Global aerospace plastics market revenue in aerostructure, by region, 2014 -
2025, (USD Million) 52
TABLE 17 Global aerospace plastics market volume in aerostructure, by polymer type, 2014 -
2025, (Tons) 53
TABLE 18 Global aerospace plastics market revenue in aerostructure, by polymer type, 2014
- 2025, (USD Million) 54
TABLE 19 Global aerospace plastics market estimates and forecast in components, 2014 -
TABLE 20 Global aerospace plastics market volume in components, by region, 2014 - 2025,
(Tons) 55
TABLE 21 Global aerospace plastics market revenue in components, by region, 2014 - 2025,
(USD Million) 56
TABLE 22 Global aerospace plastics market volume in components, by polymer type, 2014 -
2025, (Tons) 56
TABLE 23 Global aerospace plastics market revenue in components, by polymer type, 2014 -
TABLE 24 Global aerospace plastics market estimates and forecast in equipment, systems &
support, 2014 - 2025, (Tons) (USD Million) 58
TABLE 25 Global aerospace plastics market volume in equipment, systems & support, by
region, 2014 - 2025, (Tons) 58
TABLE 26 Global aerospace plastics market revenue in equipment, systems & support, by
region, 2014 - 2025, (USD Million) 59

Forecasts to 2025
TABLE 27 Global aerospace plastics market volume in equipment, systems & support, by
polymer type, 2014 - 2025, (Tons) 59
TABLE 28 Global aerospace plastics market revenue in equipment, systems & support, by
polymer type, 2014 - 2025, (USD Million) 60
TABLE 29 Global aerospace plastics market estimates and forecast in cabin interiors, 2014 -
TABLE 30 Global aerospace plastics market volume in cabin interiors, by region, 2014 - 2025,
(Tons) 61
TABLE 31 Global aerospace plastics market revenue in cabin interiors, by region, 2014 -
TABLE 32 Global aerospace plastics market volume in cabin interiors, by polymer type, 2014
- 2025, (Tons) 63
TABLE 33 Global aerospace plastics market revenue in cabin interiors, by polymer type, 2014
- 2025, (USD Million) 63
TABLE 34 Global aerospace plastics market estimates and forecast in propulsion system,
2014 - 2025, (Tons) (USD Million) 64
TABLE 35 Global aerospace plastics market volume in propulsion system, by region, 2014 -
2025, (Tons) 65
TABLE 36 Global aerospace plastics market revenue in propulsion system, by region, 2014 -
TABLE 37 Global aerospace plastics market volume in cabin areas, by polymer type, 2014 -
2025, (Tons) 66
TABLE 38 Global aerospace plastics market revenue in cabin areas, by polymer type, 2014 -
TABLE 39 Global aerospace plastics market estimates and forecast in satellites, 2014 - 2025,
(Tons) (USD Million) 67
TABLE 40 Global aerospace plastics market volume in satellites, by region, 2014 - 2025,
(Tons) 68
TABLE 41 Global aerospace plastics market revenue in satellites, by region, 2014 - 2025,
(USD Million) 69
TABLE 42 Global aerospace plastics market volume in satellites, by polymer type, 2014 -
2025, (Tons) 69
TABLE 43 Global aerospace plastics market revenue in satellites, by polymer type, 2014 -
TABLE 44 Global aerospace plastics market estimates and forecast in construction and
insulation components, 2014 - 2025, (Tons) (USD Million) 70
TABLE 45 Global aerospace plastics market volume in construction and insulation
components, by region, 2014 - 2025, (Tons) 71
TABLE 46 Global aerospace plastics market revenue in construction and insulation
components, by region, 2014 - 2025, (USD Million) 72
components, by polymer type, 2014 - 2025, (Tons) 72
components, by polymer type, 2014 - 2025, (USD Million) 73

Forecasts to 2025
TABLE 49 Global aerospace plastics market estimates and forecast in commercial & freighter
aircrafts, 2014 - 2025, (Tons) (USD Million) 75
TABLE 50 Global aerospace plastics market volume in commercial and freighter aircrafts, by
region, 2014 - 2025, (Tons) 75
TABLE 51 Global aerospace plastics market revenue in commercial and freighter aircrafts, by
region, 2014 - 2025, (USD Million) 76
TABLE 52 Global aerospace plastics market estimates and forecast in military aircrafts, 2014
- 2025, (Tons) (USD Million) 76
TABLE 53 Global aerospace plastics market volume in military aircrafts, by region, 2014 -
2025, (Tons) 77
TABLE 54 Global aerospace plastics market revenue in military aircrafts, by region, 2014 -
TABLE 55 Global aerospace plastics market estimates and forecast in rotary aircrafts, 2014 -
TABLE 56 Global aerospace plastics market volume in rotary aircrafts, by region, 2014 -
2025, (Tons) 79
TABLE 57 Global aerospace plastics market revenue in rotary aircrafts, by region, 2014 -
TABLE 58 Global aerospace plastics market estimates and forecast in general aviation, 2014
- 2025, (Tons) (USD Million) 80
TABLE 59 Global aerospace plastics market volume in general aviation, by region, 2014 -
2025, (Tons) 81
TABLE 60 Global aerospace plastics market revenue in general aviation, by region, 2014 -
TABLE 61 Global aerospace plastics market estimates and forecast in other end-use
industries, 2014 - 2025, (Tons) (USD Million) 82
TABLE 62 Global aerospace plastics market volume in other end-use industries, by region,
2014 - 2025, (Tons) 83
TABLE 63 Global aerospace plastics market revenue in other end-use industries, by region,
2014 - 2025, (USD Million) 83
TABLE 64 North America aerospace plastics market volume and revenue, 2014 - 2025,
(Tons) (USD Million) 85
TABLE 65 North America aerospace plastics market volume, by application, 2014 - 2025,
(Tons) 86
TABLE 66 North America aerospace plastics market revenue, by application, 2014 - 2025,
(USD Million) 86
TABLE 67 North America aerospace plastics market volume, by end-use, 2014 - 2025, (Tons) 87
TABLE 68 North America aerospace plastics market revenue, by end-use, 2014 - 2025, (USD
Million) 87
TABLE 69 Europe aerospace plastics market volume and revenue, 2014 - 2025, (Tons) (USD
Million) 88
TABLE 70 Europe aerospace plastics market volume, by application, 2014 - 2025, (Tons) 89
TABLE 71 Europe aerospace plastics market revenue, by application, 2014 - 2025, (USD
Million) 90

Forecasts to 2025
TABLE 72 Europe aerospace plastics market volume, by end-use, 2014 - 2025, (Tons) 90
TABLE 73 Europe aerospace plastics market revenue, by end-use, 2014 - 2025, (USD
Million) 91
TABLE 74 Asia Pacific aerospace plastics market volume and revenue, 2014 - 2025, (Tons)
(USD Million) 91
TABLE 75 Asia Pacific aerospace plastics market volume, by application, 2014 - 2025, (Tons) 92
TABLE 76 Asia Pacific aerospace plastics market revenue, by application, 2014 - 2025, (USD
Million) 93
TABLE 77 Asia Pacific aerospace plastics market volume, by end-use, 2014 - 2025, (Tons) 93
TABLE 78 Asia Pacific aerospace plastics market revenue, by end-use, 2014 - 2025, (USD
Million) 94
TABLE 79 RoW aerospace plastics market volume and revenue, 2014 - 2025, (Tons) (USD
Million) 94
TABLE 80 RoW aerospace plastics market volume, by application, 2014 - 2025, (Tons) 95
TABLE 81 RoW aerospace plastics market revenue, by application, 2014 - 2025, (USD
Million) 96
TABLE 82 RoW aerospace plastics market volume, by end-use, 2014 - 2025, (Tons) 96
TABLE 83 RoW aerospace plastics market revenue, by end-use, 2014 - 2025, (USD Million) 97
List of Figures
FIG. 1 Aerospace plastics market segmentation 25

FIG. 2 Global aerospace plastics market revenue, 2014 - 2025 (Tons) (USD Million) 26
FIG. 3 Aerospace plastics market value chain analysis 28
FIG. 4 Global PMMA demand, 2014 - 2025 (Kilo tons) 32
FIG. 5 Global polycarbonate demand, 2012-2022 (Kilo Tons) 33
FIG. 6 Global PPS demand, 2012-2022 (Tons) 34
FIG. 7 Aerospace plastics market dynamics 37
FIG. 8 Global commercial and general aviation aircraft production, 2012 - 2020 (Units) 39
FIG. 9 Global commercial airline revenue, 2012 - 2014 (USD Billion) 40
FIG. 10 Aerospace plastics market - Key opportunities prioritized 46
FIG. 11 Aerospace plastics company market share, 2016 47
FIG. 12 Aerospace plastics market Porter’s analysis 48
FIG. 13 Aerospace plastics market PESTEL analysis 49
FIG. 14 Global aerospace plastics market volume share by application, 2016 & 2025 50
FIG. 15 Global aerospace plastics market volume share by end-use, 2016 & 2025 74
FIG. 16 Global aerospace plastics market volume share by region, 2016 & 2025 84

Forecasts to 2025
Chapter 1 Methodology and Scope

1.1 Research Methodology
We implement a mix of primary and secondary research for our market estimate and forecast.
Secondary research forms the initial phase of our study, where we conducted extensive data
mining, referring to verified data sources such as independent studies, government and
regulatory published material, technical journals, trade magazines paid data sources. This forms
the basis of our estimates.
For forecasting, the following parameters were considered,
 Market drivers and restraints, along with their current and expected impact
 Technological scenario and expected developments
 End-use industry trends and dynamics
 Trends in consumer behavior
We assigned weights to these parameters and have quantified their market impact using
weighted average analysis, to derive an expected market growth rate.
All our estimates and forecasts were verified through exhaustive primary research with Key
Industry Participants (KIPs) which typically include,
 Market leading companies

 Raw material manufacturers
 System integrators
The key objectives of primary research are as follows,
 To validate our data in terms of accuracy and acceptability

 To gain an insight in to the current market and future expectations
1.2 Research Scope & Assumptions
The report provides market value for base year 2016 and a yearly forecast to 2025 in terms of
volume (Tons) and revenue (USD Million). Market for each application and end-use has been
provided on a regional basis for the above mentioned forecast period. Market for each polymer
type has been provided at a global level for the abovementioned forecast period.

Forecasts to 2025
Key industry dynamics, regulatory scenario, major technological trends and application markets
were evaluated to understand their impact on demand for the forecast period. Growth rates
have been estimated using correlation, regression and time-series analysis.
We have used a bottom-up approach for market sizing, analyzing key regional markets,
dynamics and trends for various end-uses. Global market has been estimated by integrating
regional markets.
All market estimates and industry analysis has been validated through exhaustive primary
research with key industry participants and consumers.
Assumptions:
 We have profiled key manufacturers and suppliers in the market

 Prices have been derived using actual quotes from distributors, vendors and suppliers in
the market
 Company market share has been based on segment revenue of companies as reported
in their annual reports and further cross validation through primary sources
 We have limited the study to five applications and four end-uses in order to keep the
scope to manageable proportions
 Financial data is only provided for publicly listed companies
 Numbers may not add up due to rounding off
 Inflation has not been considered while estimating and forecasting the market
 Regional markets comprise of the following key countries:
o North America
 U.S.
 Canada
o Europe
 Western Europe
 CEE
 Turkey
o Asia Pacific
 Asia

Forecasts to 2025
 India
 China (including Hong Kong)
 Japan
 South Korea
 Indonesia
 Thailand
 Vietnam
 Philippines
 Singapore
 Vietnam
 Oceania
 Australia
 New Zealand
o RoW
 Brazil
 Mexico
 Venezuela
 Chile
 Peru
 Rest of RoW (excluding Mexico)
 Middle East (Excluding Turkey)
 Africa

Forecasts to 2025
1.3 List of Data Sources
List of secondary sources include but are not limited to:
 ICIS
 Hoovers
 International Association of Plastics Distribution
 Pacific Northwest Aerospace Alliance (PNAA)
 Plastemart
 British Plastics Federation
 SAE International
 Society of British Aerospace Companies
 Society of Plastics Engineers
 Reinforced Plastics Magazine
 Plastic World Magazine
 European Masterbatchers & Compounders (EuMBC)
 Society of Plastics Industry (SPI)
 Germany Trade & Invest (GTAI)
 The Plastic Institute of America
 Gulf Petrochemicals & Chemicals Association (GPCA)
 The Japan Carbon Fiber Manufacturers Association
 American Composites Manufacturers Association
 U.S. Energy Information Administration (EIA)
 Plastics Today Magazine
 Injection World Magazine
 American Composites Manufacturer Association
 Company Annual Report

Forecasts to 2025
List of primary sources include but are not limited to:

 Hyosung Corporation
 Mitsubishi Heavy Industries Limited
 HITCO Carbon Composites, Inc.
 Hexcel
 Bell Helicopters
 Strata Manufacturing
 SABIC
 Precision Precasts
 GKN Aerospace
 Pexco
 Kaman Corporation
1.4 Glossary
 We have considered the following as part of our application segment:

o Aerostructure
 Door fairings
 Fuselage and tail-plane components
 Wings: Slats and flaps, boxes and panels
 Airframe: Doors, electrics, pipes, cable ducts
o Components
 Fasteners
 Bearings
 Sealing
 Bushings
 Refuelling and fuel systems
o Equipment, System & Support
 Actuation & control systems
 Landing gear
o Cabin Interiors
 Seating
 Cabin lighting
 Galley
 Chilling systems
 Oxygen systems
 Drinking water systems
 Vacuum waste system
 Cargo equipment

Forecasts to 2025
o Propulsion Systems
 Engines and components: Propeller system, turbines
 Bearing bushes for engine guide vanes
 Nacelles
o Construction and Insulation Components
 Wire coils, sealing rings
 Radar cover
 Torque cylinder
 Fixing elements
 Pipe holders
 We have considered the following polymers in other application, by product:

o Polyether Ketone Ketone (PEKK)
o Polycarbonate (PC)
o Polymethyl Methacrylate (PMMA)
o Polyethylemine (PEI)
o Polyethersulfone (PES)
 We have considered the following in other end-use industries:

o Spacecraft
o Space vehicles
o Probes
 Product Abbreviations
 POM - Polyoxymethylene
 PA - Polyamide
 PTFE - Polytetrafluoroethylene
 PPS - Polyphenylene sulfide
 PEEK - Polyether ether ketone
 PAI - Polyamide-imide
 PI - Polyimide

Forecasts to 2025
Chapter 2 Executive Summary

TABLE 1 Aerospace Plastics – Industry Summary & Key Buying Criteria, 2014 – 2025
Market size 2014 2016 2025
2014 - 2025
Volume 29.9 kilo tons Volume 32.0 kilo tons Volume 47.4 kilo tons
Revenue USD 811 million Revenue USD 871.9 million Revenue USD 1,320.4 million
Application 2016 2025
Commercial & freighter

68.5% 73.0%
aircrafts
Military aircrafts 8.6% 6.9%

Market end-use size
Rotary aircrafts 6.3% 6.2%
General aviation 12.5% 10.8%
Others 4.1% 3.1%
Market summary Reduction in overall weight directly impacts the performance and efficiency of an aircraft. A
reduction of one kilogram (kg) weight is estimated to nullify lifetime operating costs, especially
the fuel costs, for a commercial airplane. In addition, the increasing regulatory pressure towards
improvement of fuel economy has resulted in many manufacturers developing light weight
plastic components. Furthermore, easy adoption in aircraft designs is another characteristic
allowing penetration of this material in the aviation industry. The growing aviation market is
expected to drive the market growth of aerospace plastics globally
Potential growth  Growing aviation industry in Asia Pacific
opportunities  Growing advancements in products
 Emergence and development of eco-friendly composites
Company share,
Toray: 29.0%, Toho Tenax: 18.5%, Mitsubishi Rayon: 17.0%
2016
PESTEL Analysis Regulatory support for the development of the aviation industry coupled with increased
spending on defense budgets are expected to drive the market over the forecast period.
Countries in the Middle East have enhanced focus on fiber glass plastics industry in the region,
which is expected to ensure raw material availability over the forecast period. Positive outlook
for fiberglass industry in China is also expected to improve raw material supply for production of
plastics products. Increased preference for light weight materials coupled with improving fuel
efficiency is expected to promote growth. However, environmental concerns pertaining with
carbon emissions is expected to remain key challenge for market participants.
Key buying criteria  Growing industrialization and infrastructure
 Increasing number of low cost carriers expected to result in higher manufacturing of aircrafts
by companies including Boeing and Airbus
 Product innovation and continuous R & D
Source: ICIS, Society of British Aerospace Companies, Aerospace Magazine, Chemical Weekly, Company Annual Report, Primary
Interviews, Grand View Research

Forecasts to 2025
TABLE 2 Global aerospace plastics market, 2014 - 2025 (Tons) (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017 -
25)
Volume
29,945.0 30,986.0 32,116.7 33,346.4 34,683.8 36,138.9 37,722.7 39,447.8 41,328.5 43,380.5 45,621.9 48,073.1 4.7%
(Tons)
Revenue
(USD 811.0 840.2 871.9 906.3 943.9 984.7 1,029.1 1,077.6 1,130.5 1,188.2 1,251.3 1,320.4 4.8%
Million)
Aerospace plastics display heat/ flame resistance and high strength properties. Owing to its high
modulus of elasticity, they are extensively used for production of various aircrafts’ components
such as cabins, decks, cockpits, empennages, wings, rotor blades, airframes, etc. These
provide lightweight yet high performance alternatives to metals such as steel and aluminum,
leading to lowered production costs. These features have enabled use of aerospace plastics in
commercial, military, rotary and other aircraft options. Easy adoption in aircraft designs is
another characteristic allowing penetration of this material in the aviation industry. The growing
aviation market is expected to drive the market growth of aerospace plastics globally.
TABLE 3 Global aerospace plastics market volume, by region, 2014 - 2025 (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017 -
25)
North
12,858.4 13,341.5 13,873.5 14,458.9 15,102.9 15,811.2 16,590.5 17,448.3 18,393.2 19,434.9 20,584.6 21,855.0 5.3%
America
Europe 10,774.2 11,183.6 11,626.6 12,106.2 12,625.4 13,187.9 13,797.6 14,458.8 15,176.4 15,955.8 16,803.2 17,725.1 4.9%
Asia
4,282.1 4,397.0 4,517.5 4,645.4 4,781.1 4,925.1 5,077.9 5,240.1 5,412.3 5,595.1 5,789.2 5,995.5 3.2%
Pacific
RoW 2,030.3 2,063.9 2,099.2 2,136.0 2,174.4 2,214.7 2,256.7 2,300.6 2,346.6 2,394.6 2,444.9 2,497.4 2.0%
Total 29,945.0 30,986.0 32,116.7 33,346.4 34,683.8 36,138.9 37,722.7 39,447.8 41,328.5 43,380.5 45,621.9 48,073.1 4.7%
The emerging trend of composites and nanocomposites may hold new opportunities for its
market growth. In addition, aerospace plastics provide eco-friendly composite alternatives for
increased industry application. Varying as per application, aerospace plastics require expensive
and complex fabrication machines. The processes are complex and labor intensive, resulting in

Forecasts to 2025
increased costs. Therefore, these refining and curing processes incur high costs, restraining its
market growth.
The manufactured materials are hard to inspect for flaws, leading to quality variations and
defects. Increased incidents of plastic fracture and failure along with high maintenance, repair
and operating costs are posing a threat to aerospace plastics market growth. Associated carbon
fiber toxicity issue is another challenge to be faced by this market.
TABLE 4 Global aerospace plastics market revenue, by region, 2014 - 2025 (USD
Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017 -
25)
North
327.2 341.4 356.9 373.8 392.1 412.0 433.7 457.3 483.2 511.4 542.3 576.2 5.6%
America
Europe 275.7 286.5 298.2 310.9 324.7 339.7 356.1 373.9 393.4 414.7 438.0 463.5 5.1%
Asia
129.8 133.2 136.9 140.9 145.4 150.2 155.4 161.1 167.3 174.1 181.4 189.5 3.8%
Pacific
RoW 78.3 79.1 79.9 80.8 81.7 82.8 84.0 85.2 86.6 88.0 89.6 91.2 1.5%
Total 811.0 840.2 871.9 906.3 943.9 984.7 1,029.1 1,077.6 1,130.5 1,188.2 1,251.3 1,320.4 4.8%
Europe has been one of the major aerospace plastics market in terms of production and
consumption. Investments and supportive government policies have led to increased R&D
activities for new material development, resulting in manufacturers further being attracted to this
region.
Increased air traffic in commercial and defense segments have been responsible for aerospace
market growth in North America. Government legislations coupled with strong financial support
are expected to drive this market in Asia Pacific.
Material used for airframes and fuselage construction has evolved from wood to metal and most
recently composite materials. Using these materials enables retention at higher pressure levels
while reducing weight and cutting costs.

Forecasts to 2025
TABLE 5 Global aerospace plastics market volume, by application, 2014 - 2025

(Tons)
CAGR
Application 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017 -
25)
Aerostructure 14,363.0 14,894.8 15,472.2 16,099.6 16,781.9 17,524.1 18,332.0 19,212.1 20,171.9 21,219.6 22,364.6 23,617.6 4.9%
Components 2,692.8 2,801.2 2,918.9 3,046.7 3,185.6 3,336.7 3,501.2 3,680.4 3,875.9 4,089.4 4,322.9 4,578.6 5.2%
Equipment,
System & 5,200.8 5,374.8 5,564.0 5,769.8 5,993.8 6,237.5 6,502.8 6,791.8 7,106.8 7,450.6 7,826.1 8,236.6 4.5%
Support
Cabin
2,834.4 2,969.6 3,116.0 3,274.7 3,447.1 3,634.5 3,838.4 4,060.5 4,303.0 4,567.8 4,857.7 5,175.5 5.9%
Interiors
Propulsion
2,707.0 2,777.4 2,854.3 2,938.3 3,029.9 3,129.8 3,238.8 3,357.5 3,486.9 3,628.0 3,781.9 3,949.9 3.8%
Systems
Satellites 1,154.2 1,167.1 1,181.3 1,196.9 1,214.1 1,232.8 1,253.1 1,275.1 1,298.7 1,324.0 1,351.1 1,380.0 1.8%
Construction
and Insulation 992.8 1,001.0 1,010.2 1,020.3 1,031.4 1,043.5 1,056.5 1,070.4 1,085.3 1,101.1 1,117.6 1,135.0 1.3%
Components
Total 29,945.0 30,986.0 32,116.7 33,346.4 34,683.8 36,138.9 37,722.7 39,447.8 41,328.5 43,380.5 45,621.9 48,073.1 4.7%
Rotor blades and wings provide machines with the necessary force for aerial propulsion while
the tail assembly or empennage provides the required stability. Aerospace plastics provide
these components the required high strength, stiffness and stable pressure resistant properties
for delivering long lasting quality performance. The cockpit houses all monitors, indicators and
controlling consoles; thus; demanding high flame and electrical malfunction resistance
properties.
TABLE 6 Global aerospace plastics market revenue, by application, 2014 - 2025 (USD
Million)
CAGR
Application 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017 -
25)
Aerostructure 340.6 353.7 367.9 383.4 400.2 418.5 438.4 460.1 483.8 509.7 538.1 569.1 5.1%
Components 71.0 73.6 76.5 79.6 83.0 86.7 90.7 95.0 99.8 105.0 110.7 117.0 4.9%
Equipment,
System & 121.7 125.6 129.9 134.6 139.7 145.2 151.3 157.9 165.0 172.9 181.4 190.8 4.5%
Support
Cabin
64.9 67.0 69.4 72.0 74.8 77.8 81.1 84.7 88.6 92.9 97.6 102.7 4.5%
Interiors
Propulsion
121.7 126.4 131.7 137.3 143.5 150.2 157.5 165.4 174.1 183.6 194.0 205.3 5.2%
Systems
Satellites 73.0 75.2 77.6 80.2 83.1 86.2 89.5 93.2 97.2 101.6 106.4 111.6 4.2%
Construction
and Insulation 18.2 18.6 18.9 19.3 19.7 20.2 20.7 21.2 21.8 22.5 23.1 23.9 2.7%
Components
Total 811.0 840.2 871.9 906.3 943.9 984.7 1,029.1 1,077.6 1,130.5 1,188.2 1,251.3 1,320.4 4.8%

Forecasts to 2025
TABLE 7 Global aerospace plastics market volume, by end-use 2014 - 2025 (Tons)
CAGR
End-use 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017 -
25)
Commercial
& freighter 20,345.5 21,116.3 21,964.1 22,895.7 23,919.1 25,043.0 26,277.4 27,633.6 29,124.5 30,764.2 32,569.3 34,558.1 5.3%
aircrafts
Military
2,651.0 2,698.4 2,746.1 2,795.7 2,847.2 2,900.7 2,956.2 3,013.8 3,073.6 3,135.7 3,200.2 3,267.2 2.0%
aircrafts
Rotary
1,846.9 1,924.1 2,005.3 2,090.5 2,180.2 2,274.5 2,373.7 2,478.1 2,587.9 2,703.6 2,825.4 2,953.7 4.4%
aircrafts
General
3,809.4 3,906.6 4,007.5 4,112.1 4,220.6 4,333.2 4,450.0 4,571.2 4,697.1 4,827.7 4,963.3 5,104.2 2.7%
aviation
Others 1,292.2 1,305.6 1,319.5 1,333.9 1,348.7 1,364.1 1,380.0 1,396.4 1,413.4 1,431.0 1,449.1 1,467.8 1.2%
Total 29,945.0 30,951.1 32,042.5 33,228.0 34,515.9 35,915.5 37,437.3 39,093.2 40,896.5 42,862.2 45,007.3 47,351.0 4.5%
Aircraft cabins undergo high pressurization to become suitable for passenger accommodation at
high altitudes. Advanced materials facilitate such processes, leading to its widespread use in
manufacturing cabin structures. Owing to their pressure resistance high performance capacities,
aerospace plastics have found increased application in production of several aircraft
components.
TABLE 8 Global aerospace plastics market revenue, by end-use, 2014 - 2025 (USD
Million)
CAGR
End-use 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017 -
25)
Commercial
& freighter 539.0 561.7 586.3 613.2 642.3 674.1 708.8 746.6 787.9 833.1 882.7 937.0 5.4%
aircrafts
Military
87.6 89.5 91.6 93.9 96.4 99.1 102.0 105.1 108.5 112.2 116.1 120.4 3.2%
aircrafts
Rotary
40.9 42.2 43.5 44.9 46.4 48.0 49.8 51.6 53.6 55.7 58.0 60.5 3.8%
aircrafts
General
109.4 112.4 115.7 119.3 123.3 127.7 132.5 137.8 143.6 149.9 156.7 164.3 4.1%
aviation
Others 34.2 34.4 34.7 35.1 35.4 35.8 36.2 36.5 36.9 37.3 37.8 38.2 1.1%
Total 811.0 840.2 871.9 906.3 943.9 984.7 1,029.1 1,077.6 1,130.5 1,188.2 1,251.3 1,320.4 4.8%
Commercial aircrafts have been a major end user segment for aerospace plastics owing to
emergence of several service providers in air transport industry. Military aircrafts segment has
also been lucrative, its use being attributed to growing security and defense concerns.
Inclination towards niche air transportation options has led to exploration of rotary aircrafts and
gliders for special travel purposes.

Forecasts to 2025
Chapter 3 Aerospace Plastics Industry Outlook

3.1 Aerospace plastics market segmentation
FIG. 1 Aerospace plastics market segmentation
Aerospace plastics
Application End-Use Region
• Airframe & Fuselage • Commercial &

• Wings & Rotor Blades Freighter Aircrafts • North America
• Empennage • Military Aircrafts • Europe
• Flight Deck & Cockpit • Rotary Aircrafts • Asia Pacific
• Cabin Areas • General Aviation • RoW
Aerospace plastics market has been segmented on the basis of application, end-use and
region. Key applications include airframe and fuselage, wings and rotor blade, empennage,
flight deck and cabin areas. Key end-use segments are aircrafts including commercial and
freighter, military, rotary and general aviation.
Aerospace plastics regional segment includes North America, Europe, Asia Pacific, and RoW.
The market has been estimated in terms of volume (tons) and revenue (USD Million) on a global
as well as regional level, with 2016 as the base year and a forecast period from 2017 to 2025.

Forecasts to 2025
3.2 Aerospace plastics market size and growth prospects, 2014 - 2025
Global aerospace plastics demand was 32,042.5 tons in 2016 and is expected to be 47,351
tons by 2025, growing at a CAGR of 4.5% from 2017 to 2025. In terms of revenue, the market
was valued at USD 871.9 million in 2016 and is estimated to be USD 1,320.4 million by 2025,
growing at a CAGR of 4.8% from 2017 to 2025.
Aerospace plastics have now become omnipresent in the aerospace industry, due to their
beneficial properties including aircraft weight reduction, thereby making it safer and more
economical. Invention and penetration of advanced plastics including PPS and PMMA has
further intensified the market demand for these applications.
FIG. 2 Global aerospace plastics market revenue, 2014 - 2025 (Tons) (USD Million)
50,000.0 1,400.0
45,000.0
1,200.0
40,000.0
35,000.0 1,000.0
30,000.0 800.0
25,000.0
20,000.0 600.0
15,000.0 400.0
10,000.0
200.0
5,000.0
0.0 0.0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Volume (Tons) Revenue (USD million)
Reduction in overall aircraft weight directly impacts the performance and efficiency, with a one
kilogram (kg) weight reduction estimated to nullify lifetime operating costs, especially associated
with fuel, for a commercial airplane. Plastics possess superior strength to weight ratio that helps
in the overall reduction of weight. Plastics utilized in the production of aircrafts mainly comprise
of reinforced carbon fiber which are 50% lighter than conventional materials like aluminum, and
also assist in low level out-gassing (release of a gas that was dissolved, trapped, or absorbed)
in vacuum. Aerospace plastics have high thermal and mechanical stability, which avoids
occurrence of any disaster in the aircraft during critical operations.

Forecasts to 2025
Aerospace plastics are used across commercial and freighter aircrafts, military aircrafts, rotary
aircrafts, and general aviation purpose aircrafts. They are utilized during the manufacturing of
fuselage, wings, rotor blades, empennage, and cockpit and cabin area. Carbon fiber is also
used for the manufacturing of seats and thereby reduces the overall metal quantity in the seat.
Carbon fiber seats are lighter and thinner than traditional seats and therefore enhance the
overall carrying capacity of the seat. Carbon fiber seats are around 9 kg lighter as compared to
previously used seats and can accommodate 20 people more in a 150 passenger capacity
aircraft.
Aerospace plastics provide a high degree of freedom in the designing of complicated

components of an aircraft. As a result, the percentage of aerospace plastics utilized in
manufacturing commercial and military aircrafts has increased significantly over the past couple
of decades. Plastics are not only utilized in the interior design of aircrafts, but also in the wings,
tails, rudders, and insulation of critical machine parts. The aerospace plastics market is
expected to grow prosperously in the next five years due to the growing demand across the
aviation industry coupled with the upcoming advancements in the aerospace plastics industry.
3.3 Aerospace plastics market value chain analysis
The aerospace plastics value chain consists of raw material manufacturers, produces,
distributors and end-use industries.
Reinforced and thermoplastic polymers are extensively used in various application segments of
the aerospace industry. These engineering plastics are capable of minimizing labor intensive
fabrications of composites. They essentially comply with FST (flame, smoke and toxicity)
requirements of the aerospace industry. The carbonification, graphitization, and thermosetting of
polymers leads to the formation of fibers such as Carbon Fiber Reinforced Plastics (CFRPs),
Glass Reinforced Plastics (GRPs) and aramid reinforced plastics.
Carbonization assists volatizing non-carbon elements (nitrogen, oxygen and hydrogen), thereby
enriching the fibers with carbon. Carbon fiber is a strong and lightweight engineering material
that is produced either by solution spinning or melting PAN (polyacrylonitrile) polymer.
High tensile strength and desired stiffness of the carbon fiber mainly depends upon the purity of
polyacrylonitrile precursor. Hence, polyacrylonitrile is one of the basic raw materials that are
used in manufacturing aerospace plastics.

Forecasts to 2025
FIG. 3 Aerospace plastics market value chain analysis
Integration by companies including Toray

Carbon Fibers America Inc., Intrex Aerospace
Raw material Fiber Distribution

Application
suppliers manufacturers channels
Intermediate
materials • Direct supply • Commercial
• PMMA agreements • Military
• Polyacrylonitrile • Third party • Business
(PAN) supply • Rotary
agreements
Molded
components
• Hyosung • Boeing
• Asahi Kasei
Corporation • Airbus
Corporation • Blackburn
• Kaman
• Chi Mei
Aerospace Aircraft
Corporation
Corporation Limited
• Kuraray Co. • AviaBellanca
• Mitsubishi
Ltd
Heavy Aircraft
• Arkema Corporation
Industries
Thermoplastic polymers are pre-impregnated with thermoplastic resins. Materials such as

prepregs and fabrics are intermediates used in manufacturing several aerospace molded
components such as fuselage section, airframes, wings, empennage ceiling beams, aircraft
canopies, nacelles, aircraft pallets and so on. The prepregs offer high strength and stiffness,
greater corrosion resistance, and are fatigue resistant.
The composite products formed from prepregs offer a higher fiber volume fraction as compared
to products made by other processes. Moreover, prepregs offer wide variety of fiber and resin
combinations, enabling maximum performance. These molded components find a wide range of
applications in commercial as well as military aircrafts. Freight and large passenger aircrafts for
civilian use is one of the major application areas for plastics in the aerospace industry
Aerospace plastics companies require significant capital investment due to stringent

specifications regarding testing and labeling of plastics before and after placing it in the market

Forecasts to 2025
thereby discouraging entry of new players in the market. Companies are highly investing into
R&D for manufacturing high performance plastics resulting in dynamic market conditions. In
recent times, there has been a significant increase in product innovation to enhance product
portfolio in order to gain access to markets. As a result, companies have increased their
presence across the value chain by integrating and diversifying their product portfolio.
Molded components play an important role not only in completing the assemblies of military
aerospace applications, but also in reducing the overall weight of the aircraft. A high degree of
forward integration exists between fiber manufacturers and intermediate material manufacturers
with a view to reduce logistics costs and minimize the lead time. Manufacturers are trying to
minimize the operating overheads through forward integration, which is commonly observed
between intermediate materials developers and molded component manufacturers.
Asahi Kasei Corporation , Chi Mei Corporation, Kuraray Co. Ltd, Arkema and Dow are some of
the leading companies providing high-quality resins to the aerospace plastics industry. Various
aerospace plastics manufacturers include Hyosung Corporation, Kaman Aerospace
Corporation, Premium Aerotec GmbH, Toho Tenax Co. Ltd., Holding Company Composite,
Cytec Industries Inc., and HITCO Carbon Composites, Inc.
In certain cases, aerospace plastics manufacturing companies have formed direct alliances and
strategic partnerships with application industries. Toray Carbon Fibers America Inc. is expected
to continue to enhance its vertical integration business model globally. Intrex Aerospace through
their Demmer Affiliate Group also offers a high level of vertically integrated manufacturing. In
addition, Evonik is also involved in integration.

Forecasts to 2025
3.3.1 Vendor landscape

TABLE 9 Vendor landscape
Company name Presence in the value chain Products
Asahi Kasei Corporation Raw material supplier PMMA
Chi Mei Corporation Raw material supplier PMMA
Kuraray Co. Ltd Raw material supplier PMMA
Arkema Raw material supplier PMMA
Sumitomo Chemical Co. Ltd. Raw material supplier PMMA
Makevale Group Raw material supplier PMMA

Suzhou Longbang Polymer Fiber Co.,
Raw material supplier Polyacrylonitrile
Ltd.
CNPC Fushun Petrochemical Import
Raw material supplier Polyacrylonitrile
& Export Co., Ltd.
Zoltek Raw material supplier Polyacrylonitrile
Raw material supplier and Aerospace couplers, tray tables,
Intrex Aerospace
manufacturer guidance fins, missile components
Raw material supplier and PAN-type carbon fiber, polyimide
Toray
manufacturer films
Raw material supplier and
Evonik PEEK
manufacturer
Divinycell F, Baxxodur, Ultrason,
BASF Manufacturer Elastopor & Autofroth, Elastollan,
Cellasto
Virantage polyethersulfone,
Virantage reactive
polyethersulfone, Virantage
dichlorodiphenyl sulfone,
Virantage diaminodiphenyl
sulfone, Torlon polyamide-imide,
AvaSpire polyaryletherketone,
Solvay Manufacturer KetaSpire polyetheretherketone,
Ajedium Films, Torlon polyamide-
imide ,AvaSpire
polyaryletherketone , KetaSpire
polyetheretherketone, Algoflon DF
fine coagulated powders, Solef 80
000, Fluorolink PFPE, Radel
PPSU
Prepreg Cp 22009, Carbon fiber
fabric-twill 2/2-1200-3K-200, Ct-
12007/12008, Non Crimp Carbon
Holding Company Composite Manufacturer Fiber Fabric Cn-33004, Non
Crimp Carbon Fiber Fabric Cn-
32003, Carbon Tow Rovilon,
Carbon Tow VMN
SINTIMID,
TECATRON/TECATRON VF,
Ensinger GmbH Manufacturer
TORLON, TECASON P VF,
TECAPEEK, TECAPEI

Forecasts to 2025
HexTow Carbon Fiber, HexForce

Reinforcements, HexWeb
Honeycombs, HexPly Prepregs
Hexcel Corporation Manufacturer for Aerospace, HexFlow Infusion
Resins for Aerospace, HexTow
Carbon Fiber, HexForce
Reinforcements
Floor Beams, Transverse Beams,
HITCO Carbon Composites, Inc. Manufacturer Stringers, Aft Fuselage & Tail
Cone Structures
Fuselage, Wings & High Lift
Premium Aerotec GmbH Manufacturer
Systems
Mitsubishi Heavy Industries Manufacturer Composite aero-structures
KAron B, KAron BX, KAron V,
Kaman Aerospace Corporation Manufacturer KAron VS, KAron F, Composite
structures (service)
Tansome Carbon Fiber H2250-
Hyosung Corporation Manufacturer 6K/H2250-12K/H2250-
24K/H3055-12K
Airbus User Aerospace
Boeing User Aerospace
Blackburn Aircraft Limited User Aerospace
AviaBellanca Aircraft Corporation User Aerospace
Source: Company Website, Primary Research, Grand View Research
3.4 Raw material outlook
Aerospace plastics are used to produce various aircraft parts including airframe & fuselage,
wings and rotor blades, empennage on account of high thermal stability and light weight.
Various raw materials used to produce aerospace plastics include PEEK, polycarbonate, and
PMMA.
3.4.1 PMMA
Polymethyl Methacrylate (PMMA) is a thermoplastic polymer of Methyl Methacrylate (MMA). It is
a clear, strong and lightweight plastic generally used as a substitute to glass due to its energy
efficiency and weather resistance. It is available in two grades and can be classified as optical
and general purpose grades based on its usage. PMMA is manufactured in four forms including
extruded sheet, pellets or resins, beads (powder) and cell cast sheets and blocks.

Forecasts to 2025
FIG. 4 Global PMMA demand, 2014 - 2025 (Kilo tons)
3,500.0
3,000.0
2,500.0
2,000.0
1,500.0
1,000.0
500.0
0.0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Volume (Kilo tons)
Source: Epoxy Resin Association, Grand View Research
Growing demand for PMMA in construction, automotive, electronics, and sanitary war is expcetd
to vary its supply to manufacture aerospace plastics. Various companies offering PMMA
includes Altuglas International, Evonik SA, Chi Mei Corporation and Mitsubishi Rayon, Kuraray
Group, Dow Chemical Company, Sumitomo Chemical Co. Ltd. and Shanghai Jing-Qi Polymer
Science Co.
3.4.2 Polycarbonate
Polycarbonate demand in electrical and automotive applications has been tremendously rising
over the recent past. The polymers’ electrical insulation and flame-retardant properties has
enabled its usage across various industries including electrical & telecommunication hardware,
automotive and aerospace.
As a substitute to glass, PC compounds are laminated to produce bullet-proof windows other

than conventional usage in headlamps. Polycarbonate, as a stated earlier is gaining greater
penetration in packaging and automotive industries. Growing demand for PC in applications
other than aerospace is expected to result in reduced material availability for aviation
applications.

Forecasts to 2025
FIG. 5 Global polycarbonate demand, 2012-2022 (Kilo Tons)
9,000.0
8,000.0
7,000.0
6,000.0
5,000.0
4,000.0
3,000.0
2,000.0
1,000.0
0.0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: Epoxy Resin Association, Grand View Research
3.4.3 PPS
The product finds applications in various sectors including automotive, electronics & electrical,
industrial, coatings and others including aerospace and defense. Rising consumption for the
compound in high temperature applications owing to superior performance and mechanical
characteristics is expected to drive demand over the next seven years. The product is 100%
recyclable, increases fuel economy and reduces emission levels which are expected to become
key driver for market growth.
Automotive was the largest application segment in 2016 accounting for over 30% of global
volume. Growing demand for PPS from other end-user applications is expected to result in
limited availability for aerospace applications. However, availability of a large number of
substitutes to the product is expected to positively impact the market.

Forecasts to 2025
FIG. 6 Global PPS demand, 2012-2022 (Tons)
1,60,000.0
1,40,000.0
1,20,000.0
1,00,000.0
80,000.0
60,000.0
40,000.0
20,000.0
0.0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Source: Plastemart Magazine, Grand View Research
3.5 Technology overview
 Various aerospace plastics manufactures are focusing on value added features, cost
reduction and environmental benefits in order to serve as alternative to metals that not
only reduce emission levels but also increase fuel economy. It is expected that high
performance plastics used in aerospace will help in fuel savings are anticipated at
around 20%
 In June 2015, Quadrant Engineering Plastic Products launched Nylatron 66 SA FST
product, a high quality thermoplastic polyamide material designed specifically for aircraft
interior applications. Its unique features make it the first engineering plastic product of its
kind available as semi-finished shapes (rods and sheets). Fire, smoke and toxicity (FST)
retardant capabilities enable Nylatron 66 SA FST to withstand extreme temperatures up
to 175 ºC
The material is primarily suitable for any kind of application in aircraft interiors where
metal parts (e. g. brackets, seal bushings, slide rails and duct seals) or high performance
polymers have traditionally been specified. The material is also supported by extensive
testing and complies with Federal Aviation Regulations FAR 25.853 – the first
engineering plastic shape to achieve this standard.

Forecasts to 2025
 SABIC offers lightweight engineered thermoplastic material which offers the highest level
of light transmission available in an OSU-compliant sheet material and meets OSU
65/65 heat release and typical industry flame, smoke, toxicity (FST) requirements
(FAR25.853, BSS7239, ABD0031).
 PPS resulted in 46% weight reduction in seat components in aviation sector by
substituting metal
 Companies are involved in constant product development in order to offer recycle
products, excellent dimensional stability under most environmental conditions and
increases service life of the product in which it is being used and provides corrosion
resistance
 Professional Plastics, Inc. is introducing ProLens, an industry leading optical sheet
developed specifically for window dust covers, lenses and shades in the aircraft.
ProLens is FAA flammability, FAR 25.853 articles (a) & (b), certified product that is light
weight, impact resistant and flame retardant.
 In 2014, SABIC’s Innovative Plastic business unit had launched two innovative LEXAN
sheet solution products for aircraft interiors material which would help in cutting down the
weight & costs and increase sustainability and safety with optimized flying experience.
 In 2012, SABIC’s Innovative Plastic business unit introduced ULTEM Resin along with
Fused Deposition Modeling (FDM) technology from Stratasys, Inc., to produce
customize parts quickly and cost effectively for aircraft interiors.
 In 2012, SABIC launched Thermoformable Lexan Sheet for outstanding flame-smoke-
toxicity performance, opacity in aircraft window shades
3.6 Regulatory framework
 Aerospace plastics must adhere to the U.S. FAA (Federal Aviation Association),
regulations of Federal Aviation Regulations (FAR) in order to comply with aviation
standard and materials used.
 Aerospace plastics must comply with the U.S. Environmental Protection Agency (EPA)
regulation to reduce emissions of air toxics from the manufacture of polyethylene
terephthalate polymers and certain styrene-based thermoplastics
 Aerospace plastics have to comply with OSHA regulations while undergoing deposition
process and must adhere with all REACH regulations

Forecasts to 2025
 Countries such as China have regulations on the use of materials which have high
quantity of heavy metals such as lead, mercury, cadmium and chromium resulting in
demand for virgin PPS in comparison to recycled PPS
 Significant regulatory pressure in the form of RoHS directive, WEEE directive and
REACH regulations for phase out of hazardous materials
 PPS must comply with the requirements of Article 4.2a of EC Directive 2000/53/EC and
should contain less than 100 ppm lead, mercury, cadmium and hexavalent chromium.
Under EC Directive 2003/11/EC (pentaBDE/octaBDE) PPS alloy must contain less than
0.1% pentabromodiphenylether (penta-BDE) and octabromodiphenylether (octa-BDE)
3.7 Aerospace plastics market dynamics
Plastics on account of providing high strength, stiffness and stable pressure resistance
properties for delivering long-last performance are increasingly used in empennage and tail
assembly. In addition, the cockpit houses all the monitors indicators and controlling consoles,
attributing to demand for plastic products with high flame and electrical malfunction resistance
properties to support the cockpit system.
Stringent regulations pertaining with the environmental effect of petro-based products are
expected to limit the availability of raw materials such as high grade plastics. In addition,
growing use of carbon fibers in alternate applications is further restricting the raw material
availability in near future.
High capital intensive nature of market limits the market players to economically survive in the
market. Significant developments in deriving bio-based composites reduce the dependency on
thermoplastics and expected to tap new markets in next eight years. Aircraft manufacturers
have started to use metal and thermoplastic composites combination in aircraft bodies to ensure
passenger comfort and decrease fuel emission.

Forecasts to 2025
FIG. 7 Aerospace plastics market dynamics
Technology trends
• Significant trend shift towards the

development of eco-friendly composites
which would reduce the dependency on
carbon fiber reinforced thermoplastics
due to toxicity of carbon fiber
• Technology innovation for aircraft
manufacturing has resulted in better
integration of thermoplastics with the
metal components thereby increasing
demand for plastics in the industry
Raw material trends Regulatory trends
• Strict regulations with regards to nature • The aviation industry has been taking
of raw materials being used in steps to cut down carbon dioxide
aerospace industry results in limited emissions by 1.5% pa till 2020 by
availability of raw material suppliers improving average fuel economy of
providing high grade plastics Aerospace aircraft by using significantly higher
• High cost of carbon fibers coupled with plastics as compared to metals
increased used in alternate applications plastics market • Growing awareness regarding the
including medical, automobile, marine carbon footprint post Copenhagen
and electronics resulted in reduced Climate Conference 2009 has
availability of raw material resulted in major aircraft
• High capital intensive nature of market manufacturers looking for
results in limited number of companies development of new eco-friendly
being able to economically survive in Buyer/application trends composites
the market
• Rotor blades and wings provide
machines with the necessity force for
aerial propulsion while the tail assembly
or empennage provides the required
stability
• Aerospace plastics provide components
the required high strength, stiffness, and
stable pressure resistant properties for
delivering long lasting quality
performance
• The cockpit houses all monitors,
indicators, and controlling consoles,
thus demanding high flame and
electrical malfunction resistance
Aviation Industry has taken measures to decrease carbon emission by 1.5 % till 2020 by
preferring plastics than metal components. In addition, aircraft manufacturers are eyeing on
development of eco-friendly composites after carbon footprint post by Copenhagen Climate
Conference in 2009.

Forecasts to 2025
3.7.1 Market driver analysis

TABLE 10 Aerospace plastics– Key market driver analysis
2017-19 2019-22 2022-25
Market drivers
Impact
Growing aviation sector
Substitute to aluminum and steel
Easy adoption in aircraft design
Source: Primary Interviews, Grand View Research
3.7.1.1 Grow ing aviation sector
Aircraft demand is related to air travel, which in turn is linked to the increasing wealth,
increasing per capita income and positive GDP outlook. An increase in air travel has occurred in
the developing markets such as India and China; both these countries signify robust optimism
for the aviation segment. Other factors leading to aviation industry growth include international
trade and globalization.
The global economy has also shown gradual signs of recovery from the economic recession. It
is seen that the downturn in aviation industry coincides with economic slumps. Given the
present economic situation it is clear that the airline industry will continue to recover in the near
future with increasing demand from developing economies like India and China, which will offset
the relative slowdown in demand from mature economies like North America and Europe.
The applications of composite materials have expanded expeditiously in general aviation and
military aircraft designs, which mainly comprise of demanding flight-control surfaces. Aircraft
manufacturers prefer aerospace plastics over conventional materials due to the benefits offered
by them. The growing demand across the aviation industry has instigated a rise in the demand
for aerospace plastics. During the economic slowdown, the aviation industry suffered losses
with a decline in the number of air-travelling passengers. However, stabilization in the economic
scenario has helped the market recuperate, thereby generating new market opportunities.

Forecasts to 2025
FIG. 8 Global commercial and general aviation aircraft production, 2012 - 2020 (Units)
6000
5000
4000
3000
2000
1000
0
2012 2013 2014 2015 2016 2017 2018 2019 2020
Commercial aircraft General avaition aircraft
Source: The International Air Transport Association (IATA), Primary Research, Grand View Research
Global commercial and general aviation aircraft production was 3,579 units in 2013 and is
expected to reach over 5,000 units by 2020. The rising demand in commercial and general
aviation is due to growing industrialization and globalization that has given a major thrust to the
aviation industry. This is expected to generate substantial demand for aerospace plastics and
enhance its market size. In addition, the growth of low cost carriers in developing economies is
expected to further augment the demand for aircraft thereby driving the demand for aerospace
plastics over the forecast period.
Plastics offer high temperature performance, creep resistance, chemical resistance, and
excellent dimensional stability. They find applications in various aircraft components including
seat frames, ducting, panels, brackets, ribs and fasteners.

Forecasts to 2025
FIG. 9 Global commercial airline revenue, 2012 - 2014 (USD Billion)
800
700
600
500
400
300
200
100
0
2010 2011 2012 2013 2014
Revenue (USD Billion)
Source: The International Air Transport Association (IATA), Primary Research, Grand View Research
Aerospace industry in the U.S. is projected to grow with increase in commercial flying as a result
of continued increase in passenger travel demand which is estimated to increase by 5% over
the next 20 years. Accelerated replacement cycle of obsolete aircraft with net generation fuel
efficient aircraft is expected to further propel commercial aerospace sector in the country.
Presence of industry giants including Boeing and Airbus is expected to further augment market
growth.
Rising aerospace sector in Mexico on account of expansion operations by Bombardier, a

Canadian aerospace giant along with presence of OEM including Bombardier, Honeywell and
Boeing in Mexico is expected to drive aerospace sector. Growing aerospace sector on account
of increasing government investment in aerospace mainly in China, India, South Korea,
Singapore and Malaysia is further expected to propel market for aerospace. With increasing
defense expenditure in India, South Korea, China and Japan the market is anticipated to
witness growth. Favorable demographics and growing middle classes in Asia is expected to fuel
market for aerospace.
Growing production of aircraft parts, assembly manufacturing sector and development in China
on account of the country’s aerospace policy “The 2011 State Council Policy” is expected to

Forecasts to 2025
spur market growth. Increasing number of regional manufacturers in China including Shanghai,
Chengdu, Xi’an, Jiangxi and Shenyang is further anticipated to drive market over the forecast
period. Merger of China Aviation Industry Corporation and China Aviation Industry Corporation II
as AVIC (China Aviation Industry Corporation) in October of 2008 is expected to commence
large commercial aircrafts projects. With ongoing foreign joint ventures of aircraft manufacturers
and domestic aircraft manufacturers, the aviation industry is expected to expand in the country.
Efforts undertaken by the government of China to encourage foreign participation in the
development of China’s aerospace industry are expected to drive the market.
Asian countries are expected to grow, thereby creating countless opportunities in the region for
MRO companies, aerospace manufacturers and general aviation & aerospace players.
Recently, the material is being used in continuous reinforced composites for aerospace
applications along with thermoplastics composites for production of critical aerospace
components on Airbus A340 and A380 aircraft, and finds usage in other aircraft interior
applications. Growing aerospace industry is expected to augment market for plastics over the
forecast period.
3.7.1.2 Substitute to aluminum and steel
Lightweight construction that assists in reduction of fuel overheads is of paramount importance

for the aerospace industry. Reduction in weight of an aircraft directly impacts the engine’s
efficiency and performance. Thus, a small reduction in the weight of an aircraft turns out to be
highly cost effective over the operating life of the aircraft. Aerospace plastics possess excellent
strength to weight ratio, and hence are used to minimize the weight of aircrafts.
Aerospace plastics namely Carbon Fiber Reinforced Plastics (CFRPs) are currently one of the
strongest and lightest materials available in the market. CFRP is five times stronger than steel
and has one third the weight. These composite materials can be easily molded into complex
cross sections with relatively less efforts thereby majority of aircraft manufacturers preferably
utilize aerospace plastic in the production of aircrafts.
Lightweight plastics also increase flight time of remote controlled surveillance aircrafts as these
aircrafts are not burdened with human pilots, the fuel burnt is directly proportional to the weight
of the aircraft. Carbon fiber most often comprises of epoxy; however, other polymers, namely

Forecasts to 2025
vinyl ester, nylon or polyester are also utilized as per the demand. Hence, CFRPs are expected
to be one of the suitable construction materials for aircraft structure on account of their excellent
mechanical characteristics and low specific weight.
The specific weight of CFRP is 1.55 g/cm3, which is far less than the specific weight of
aluminum i.e. 2.8 g/cm3. Fuselage constructed from CFRP weighs 25% less than that
constructed from aluminum. The utilization of CFRP in considered components of A320
fuselage is expected to reduce its overall weight approximately by 1 ton. Further extension of
CFRP applications for total fuselage is likely to increase the reduction in the weight to 2.5 tons.
TABLE 11 Weight reduced with CFRP usage comparative to aluminum

Area of weight reduction Weight reduced with CFRP usage comparative to aluminum
Overall weight reduction 2.3 Tons
Reduction of fuselage weight 24.1 %
Reduction of aircraft weight 6.1 %
Reduction of takeoff weight 4.3 - 4.5 %

Source: Boeing, Grand View Research
The weight reduction helps in reduction of overall manufacturing and operating cost of an
aircraft and thereby reduces the financial burden on military and concerned governments. The
performance benefits gained by minimizing the weight of the aircraft have given a major thrust
to the development of military aviation composites.
Aerospace plastic has varied applications in aircrafts that ranges from the main structure to
bottles and cutlery. Reduction in weight of an aircraft impacts its takeoff weight, thereby
minimizing the fuel consumption. The superior strength possessed by plastic coupled with
minimal weight is one of the vital factors driving the aerospace plastics market.
Replacement of metals with plastics has been a major driver for plastics demand growth. Metals
including aluminum, phosphorous bronze, carbon steel, bronze, bronze bearings, stainless
steel, brass, and cast iron are replaced by plastics. Plastics have emerged as one of the
alternative to metals that not only reduces emission levels but also increases fuel economy.
Various factors supporting the use of plastics instead of metals include lightweight, low friction,
no lubrication, increase part life dimensional stability, high mechanical resistance, noise

Forecasts to 2025
reduction, high impact strength, flexibility to machining, and electrical insulating properties.
Increasing demand in thermostat housing, electric water pump & valve housing electric, fuel
integrated valve, fuel injector, brake guide piston, and motor brush holder will drive demand for
plastics over the forecast period.
Overall vehicle weight reduction can be achieved by reducing weight of gears that lowers
moment of inertia and thus increases efficiency level. Plastics resulted in 46% weight reduction
in seat components in aviation sector by substituting metal.
Stringent environment regulations are forcing automotive industry to improve fuel efficiency,
reduce maintenance need and lower noise levels. Such strict goals are therefore driving need
for lower vehicle weight for achieving all these factors. Plastics offer unique and superior
performance characteristics which are expected to augment its market in aerospace sector.
3.7.1.3 Easy adoption in aircraft design
Growth of the aviation industry and increased demand for lightweight materials in the aerospace
industry has boosted the demand for aerospace plastics. Currently, the percentage of
aerospace plastics utilized in manufacturing the Boeing 787 accounts for more than 50% of its
overall weight. Aerospace plastics are widely preferred due to their excellent corrosion
resistance property, thereby elongating the shelf life of aircrafts. Aerospace components that
comprise of carbon fibers are flexible and resistant to damage.
They are induced to vibration in most types of aerospace applications. Aerospace components
with complex curved structures are easily manufactured using aerospace plastics. Such
complex curved structures improve the aerodynamics and reduce drag, which enhances the fuel
efficiency. High quality CFRP material exhibits electromagnetic transparency, which enables
military aircrafts to survey areas without getting tracked by the radar. The high quality CFRP
absorbs any radiation waves emitted by the radar, thereby making them untraceable.
Vendors of the global aerospace plastics market are expected to earn benefits due to increased
usage of composites in new-generation aircrafts. The utilization of these lighter and stronger
materials has significantly grown over the past decade, leading to greater fuel efficiency and
lower costs for the airline industry. The unique characteristics of aerospace plastics offer various

Forecasts to 2025
benefits, and hence they are widely preferred by aircraft manufacturers. This is in turn driving
the global aerospace plastics market.
3.7.2 Market restraints analysis

TABLE 12 Aerospace plastics– Key market restrain analysis
2017-19 2019-22 2022-25
Market Restraints
Impact
Toxicity issues
High fabrication costs
Safety issues
Source: Primary Interviews, Grand View Research
3.7.2.1 Toxicity issues
Carbon fiber is difficult to recycle as it possesses poor degradability. Increase in demand for
highly sustainable composite materials has led to the development of non-degradable carbon
fiber. The non-degradable carbon fiber is equally accountable in adding to the landfills.
Production of carbon fiber emits substantial greenhouse gases in the atmosphere that are
harmful to human health. Comparative to other conventional materials, CFRP releases more
greenhouse gases that negatively impact the environment.
TABLE 13 Greenhouse gas emissions by different aerospace materials

Materials used in aircrafts (per kg) GHG emissions Environmental impact
Carbon fiber 100 100
Glass fiber 5.1 4.7
Epoxy resin 13.6 11.9
Steel 3.6 3.1
Aluminum 14.3 15.2
Source: EPA, Grand View Research
The production of CFRP releases small respirable fiber particles that adsorb various chemicals,
which directly impacts the respiratory system of human beings. The particles are retained within
the lungs for a prolonged time, which in turn leads to chronic diseases like asthma, etc. Growing

Forecasts to 2025
concern about potential health risks is encountered by civilian and Airport Rescue and
Firefighting (ARFF) personnel when a post-crash fire is associated with an advanced composite
aircraft. The fine particulates released into the environment also cause skin and eye irritation.
With the consideration of all these factors, United States Environmental Protection Agency
(EPA) and Greenpeace introduced a few conventions that regulate machining and cutting of
CFRP structures within a closed hood. The emission of harmful particulates and greenhouse
gases that occurs during the production of aerospace plastics is expected to inhibit market
growth.
3.7.2.2 High fabrication costs
The CFRP composite material is a combination of two materials, wherein one material is a
matrix and other is reinforcement. CFRP is not homogeneous unlike metals, and is made of two
or more materials engineered together to attain better properties. This helps the composite
materials attain better tensile strength; however, the MRO (maintenance, repair and operations)
of CFRP is expensive. This is on account of the fact that CFRP structures are machined before
they are utilized in manufacturing components of aircrafts. The machining causes CFRP
structures to splinter, as it is made up of many layers. The patching of carbon fiber components
is complicated, as the carbon fiber is prone to splinter and crack, often necessitating a complete
replacement and disposal. On the other hand, the conventional metal parts are repaired easily
and at a fairly low price.
3.7.2.3 Safety issues
Metals have an ability to undergo brittle and ductile fractures on account of their deformation
during subjection of load and temperature. The composites plastics materials are used to
reduce aircraft weight and improving fuel efficiency of aircraft engines. In case of Boeing 787,
the aircraft is built as a half-metal structure with inclusion of composites plastics materials. The
variation in molecular structure of metals and composites plastic materials undergoes fatigue
cracks in aircrafts.
These types of cracks are witnessed mainly along the interfacial joints made of metal and
plastics in fuselage. The cracks are so progressive that it is easily witnessed on by pilots. In
addition, the composites materials have limitations towards temperature and flammability.
Increased subjected pressure to composite materials and metal joints is expected to increase

Forecasts to 2025
the temperature on account of directly proportionality between pressure and temperature.

Increased temperature is expected to affect the molecular strength and induces the fatigue
failures in aircrafts. Therefore, safety issues associated with plastics in aircrafts is expected to
hamper the growth of the market over the forecast period.
3.8 Aerospace plastics market key opportunities prioritized
Government agencies across different countries desire to enhance economic growth, leading to
the development of various airports and related infrastructures. There is boom in the usage of
plastic in aviation industry due to increasing aircraft demand in the commercial and freighter
segment. The productivity and economic growth is enhanced due to an improvised global air
transport network.
FIG. 10 Aerospace plastics market - Key opportunities prioritized
Growth rate
(High)
Penetration Penetration
(Low) (High)
Growth rate
(Low)
Commercial & Freighter Aircrafts Military Aircrafts Rotary Aircrafts General Aviation Others
Penetration is defined as the maturity of the product segment and its application. The lower penetration rate means higher
untapped market potential for growth.
Growth rate is considered as the future projected CAGR till year 2022. These growth rates are comparative in nature, with the
overall market growth rate as being the benchmark.

Forecasts to 2025
The introduction of lightweight material assists military aircrafts to combat extremely well, as
well as increases their payload capacity and thereby increases their fuel efficiency and the
distance they can travel without any stoppage in between. In Asia Pacific, the consumption of
aerospace plastics is expected to rise at a considerable rate due to the increase in
manufacturing of aircraft components in this region coupled with the presence of major suppliers
(Toray, Toho Tenax, and Mitsubishi Heavy Industries) in this region that reduces the overall cost
of the aerospace plastic.
3.9 Aerospace plastics company market share, 2016
FIG. 11 Aerospace plastics company market share, 2016
25.5%
29.0%
3.5%
6.5%
18.5%
17.0%
Toray Toho Tenax Mitsubishi Rayon Hexcel Cytec Others
The global aerospace plastics market was significantly concentrated with the top four
companies accounting for over 70% of the market share in 2016. Toray was the market leader
in the segment with a market share of 29% in 2016 followed by Toho Tenax with a share of
18.5%. Toray is one of the leading suppliers of advanced composite materials to major
aerospace product manufacturers that include Boeing and Airbus. Vertical integration strategy
has assisted Toray to deliver products in a timely manner, which in turn has helped it to retain
its leading position in the market. The current carbon fiber prepreg supply is geared towards
aerospace markets.

Forecasts to 2025
3.10 Aerospace plastics market Porter’s analysis
FIG. 12 Aerospace plastics market Porter’s analysis
Threat of new entrants 4
The market is highly competitive for new

entrants as aerospace components
production is capital intensive. In addition,
there is high degree of regulatory
intervention with regards to product
manufacturing and specifications. The
nature of applications results in need for
advanced R&D to develop new improved
technologies resulting in low to moderate
threat of new entrants over the next seven
years.
Supplier power 7 Industry rivalry 8 Buyer power 8
There are limited number of raw material The market is concentrated with large Limited number of buyers and hence the
suppliers as the materials required are of players making significant investments for market is highly concentrated on the buyer
specific grades owing to the sensitivity of production innovation in a bid to gain side. The cost of switching suppliers is
applications. There is increasing demand market share. Branding will be a key relatively low which greatly improves the
for raw materials from other applications challenge for market participants, focus buyer power. In addition, there is
markets such as automotive, sports on customized products based on availability of substitutes products such as
equipments and energy component application requirements. Industry rivalry is aluminum and steel which are not as
manufacturing. Significant degree of expected to remain high over the forecast efficient as plastics but have similar
forward integration due to the limited raw period. R&D spending may increase with functional property. The buyer power is
material availability resulting in medium companies striving to develop environment- expected to remain high over the forecast
supplier power over the next seven years. friendly, low weight products at competitive period.
prices.
Threat of substitutes 6
The development of eco-friendly bio

composites pose a major threat to existing
plastics such as CFRP, ARP and GRP. In
addition, high prices of plastics composites
could play a key role in manufacturers
shifting to conventional materials such as
aluminum to steel for aircraft parts. The
threat of substitutes is expected to remain
medium over the forecast period.
4 – 6 ---> 7 – 10 --->
1 – 3 ---> Weak
Medium market Strong market
market forces
forces forces

Forecasts to 2025
3.11 Aerospace plastics market PESTEL analysis
FIG. 13 Aerospace plastics market PESTEL analysis
Political Economic
 The Indian government has planned to invest USD 12 billion investment in  Growing fiberglass industry in China is expected to ensure the raw material
aviation sector in the country availability for production of aerospace plastics products
 Increased government spending on defense by the U.S., Russia, Israel, and  Volatility in crude oil prices is expected to affect the prices of aerospace plastics
China is expected to augment the production of military aircrafts products and also affect the supply over the forecast period.
 Middle East countries including Saudi Arabia, and Qatar have announced to
increase funding in glass fiber plastics
Social Technological
 Increased awareness towards the use of reinforced fibers on account of its lower  Hexcel Corporation has formed alliance with A STAR (Singapore ‘s Agency foe
weight than steel and aluminum is expected to be a major influential factor for Science, Technology, & Research) for the development of plastic products foe
the aerospace industry aerospace applications
 Reduction in fuel emissions by using fiber based plastics have attracted a  Mitsubishi Heavy Industries has formed a partnership with Pratt and Whitney
number of aerospace manufacturers to use it in aircrafts interiors such as under which it will participate in a project aimed to develop the company’s new
dashboards, cockpits and cabin areas jet engine by using plastic products
Legal Environmental
 The U.S. Government has made strict regulations under FAR (Federal Aviation  Toxicity posed by carbon fiber is expected to restrict its use in aerospace sector
Regulations) intended for deciding measures and quality for aerospace industry over the forecast period
and associated materials
 Development of eco-friendly composites are expected to substitute the petro
 The Indian government’s funding towards empowering aviation industry in the based composites and penetrate new applications
country is expected to facilitate new investments
Summary
Regulatory support for the development of the aviation industry coupled with increased spending on defense budgets are expected to drive the market
over the forecast period. Countries in the Middle East have enhanced focus on fiber glass plastics industry in the region, which is expected to ensure
raw material availability over the forecast period. Positive outlook for fiberglass industry in China is also expected to improve raw material supply for
production of plastics products. Increased preference for light weight materials coupled with improving fuel efficiency is expected to promote growth.
However, environmental concerns pertaining with carbon emissions is expected to remain key challenge for market participants.

Forecasts to 2025
Chapter 4 Aerospace Plastics Application Outlook

4.1 Global aerospace plastics market volume share by application, 2016 & 2025
Aerostructure was the largest aerospace plastic application in 2016 and is expected to witness
significant growth on account of the increasing production of commercial aircrafts across North
America and Europe.
FIG. 14 Global aerospace plastics market volume share by application, 2016 & 2025
3.8% 3.2% 2016 2.9% 2.4% 2025

9.0% 8.2%
10.8%
9.6%
48.1% 49.1%
17.3% 17.1%
9.0% 9.5%
Aerostructure Aerostructure
Components Components
Equipment, System & Support Equipment, System & Support
Cabin Interiors Cabin Interiors
Propulsion Systems Propulsion Systems
Satellites Satellites
Construction and Insulation Components Construction and Insulation Components
Equipment, systems and supplies accounted for the second largest share in terms of volume
followed by cabin interiors. Aerospace plastics are anti-corrosive, lightweight, and resistant to
chemicals and act as a better alternative to conventional materials such as aluminum and steel.
One of the major advantages of aerospace plastics is that they can be assembled into large
structures through bonding rather than riveting.

Forecasts to 2025
4.2 Aerostructure
4.2.1 Global aerospace plastics market estimates and forecast in

aerostructure, 2014 - 2025, (Tons) ( USD Million)
TABLE 14 Global aerospace plastics market estimates and forecast in aerostructure,
2014 - 2025, (Tons) (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
14,363.0 14,878.1 15,436.4 16,042.5 16,700.6 17,415.7 18,193.3 19,039.4 19,961.0 20,966.0 22,063.2 23,262.6 4.8%
(Tons)
Revenue
(USD 340.6 353.7 367.9 383.4 400.2 418.5 438.4 460.1 483.8 509.7 538.1 569.1 5.1%
Million)
Source: ICIS, Society of British Aerospace Companies, Aerospace Magazine, Chemical Weekly, Boeing, Airbus, Company Annual Report,
Primary Interviews, Grand View Research
Aircraft frame contains the maximum amount of carbon fiber reinforced plastic and composites
which makes airframes lighter by as much as 20% as compared to conventional aluminum
designs. The extended use of composites and plastics in high tension loaded environment of
the fuselage reduces the maintenance primarily due to fatigue. Moreover, the use of plastics in
fuselage enables part count reductions through the use of fasteners and integral clips.

aerostructure, b y region, 2014 - 2025, (Tons) (USD Million)
TABLE 15 Global aerospace plastics market volume in aerostructure, by region, 2014 -
2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
6,172.0 6,409.7 6,670.7 6,957.2 7,271.6 7,616.9 7,996.3 8,413.3 8,872.2 9,377.8 9,935.4 10,551.2 5.3%
America
Europe 5,159.8 5,361.9 5,580.4 5,816.7 6,072.3 6,349.0 6,648.8 6,973.7 7,326.3 7,709.2 8,125.5 8,578.4 5.0%
Asia
2,056.3 2,114.0 2,174.5 2,238.6 2,306.7 2,378.9 2,455.5 2,536.8 2,623.1 2,714.7 2,812.1 2,915.5 3.4%
Pacific
RoW 974.9 992.5 1,010.8 1,030.0 1,050.0 1,070.9 1,092.7 1,115.5 1,139.3 1,164.2 1,190.3 1,217.5 2.1%
Total 14,363.0 14,878.1 15,436.4 16,042.5 16,700.6 17,415.7 18,193.3 19,039.4 19,961.0 20,966.0 22,063.2 23,262.6 4.8%

Forecasts to 2025
North America was the dominant region in the aerospace plastics owing to the presence of large
number of manufacturing facilities in U.S. The market penetration of plastics in the region is
growing significantly on account of the increasing production of companies including Boeing and
Lockheed Martin.
TABLE 16 Global aerospace plastics market revenue in aerostructure, by region, 2014

- 2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
137.4 143.7 150.6 158.1 166.2 175.1 184.7 195.3 206.8 219.4 233.2 248.3 5.8%
America
Europe 115.8 120.6 125.8 131.5 137.7 144.4 151.7 159.7 168.4 177.9 188.3 199.7 5.4%
Asia
54.5 56.1 57.8 59.6 61.6 63.8 66.2 68.8 71.6 74.7 78.0 81.7 4.0%
Pacific
RoW 32.9 33.3 33.7 34.2 34.7 35.2 35.8 36.4 37.1 37.8 38.5 39.3 1.8%
Total 340.6 353.7 367.9 383.4 400.2 418.5 438.4 460.1 483.8 509.7 538.1 569.1 5.1%
Increase in the manufacturing of airframes, fuselage, empennage and others by companies

present in China, Japan, Australia and South Korea is expected to drive demand for aerospace
plastics in Asia Pacific over the forecast period.
Moreover, expansion of general aviation industry in the region is expected to further propel
growth. Increasing passenger traffic is expected to result in a growing demand for airplanes
which can accommodate more number of passengers in order to yield more profits to airline
companies.

Forecasts to 2025

aerostructure, by polymer type, 2014 - 2025, (Tons) (USD
Million)
TABLE 17 Global aerospace plastics market volume in aerostructure, by polymer type,
2014 - 2025, (Tons)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 4,204.1 4,344.4 4,496.6 4,661.9 4,841.5 5,036.6 5,248.8 5,479.5 5,730.8 6,004.7 6,303.4 6,629.8 4.5%
PA 2,812.3 2,916.1 3,028.6 3,150.7 3,283.3 3,427.4 3,584.1 3,754.6 3,940.3 4,142.9 4,364.1 4,606.0 4.9%
PPS 1,615.8 1,660.4 1,708.8 1,761.5 1,818.7 1,880.9 1,948.5 2,022.0 2,101.9 2,188.8 2,283.5 2,386.7 3.9%
PEEK 5,730.8 5,957.2 6,202.3 6,468.3 6,757.1 7,070.8 7,411.9 7,783.3 8,188.0 8,629.6 9,112.1 9,640.0 5.1%
Total 14,363.0 14,878.1 15,436.4 16,042.5 16,700.6 17,415.7 18,193.3 19,039.4 19,961.0 20,966.0 22,063.2 23,262.6 4.8%
Source: ICIS, Coatings World Magazine, World Paint & Coatings Industry Association, American Coatings Association, The Shipbuilders
Association of Japan, EPA, Primary Interviews, Grand View Research
PES polymer exhibits properties such as high thermal stability and inherently flame retardant
characteristics which will promote its usage in airframe & fuselage applications. In addition, PES
is amorphous in nature which helps in reducing mold shrinkage.
As a result, airframe manufacturers may incorporate PES in order to reduce the cost incurred in
procurement of low profile additives. However, high cost of PES is expected to limit the
application scope of the product in the near future.
Aerostructure is the most important part of the airplane as it forms the basis for the shape and
size of the aircraft. PEEK and POM are the widely used polymers in this application owing to the
durability and corrosion and heat resistance. As the demand for general aviation and
commercial aviation is rising, the demand for these two polymers is projected to grow
significantly over the next eight years.

Forecasts to 2025
TABLE 18 Global aerospace plastics market revenue in aerostructure, by polymer

type, 2014 - 2025, (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 91.8 95.1 98.8 102.7 107.0 111.7 116.8 122.4 128.4 135.1 142.3 150.2 4.9%
PA 11.2 11.7 12.3 12.9 13.6 14.3 15.1 16.0 16.9 18.0 19.1 20.4 5.9%
PPS 34.4 36.0 37.8 39.7 41.9 44.2 46.7 49.4 52.4 55.7 59.3 63.3 6.0%
PEEK 203.3 210.8 219.1 228.0 237.7 248.3 259.8 272.4 286.1 301.0 317.3 335.2 4.9%
Total 340.6 353.7 367.9 383.4 400.2 418.5 438.4 460.1 483.8 509.7 538.1 569.1 5.1%
In 2014, PPS in the form of reinforced plastics was used in aircrafts including Airbus A380 and
Boeing 787. Companies including Lumena, Celanese, Solvay, DIC, Toray and Tosoh act as
PPS suppliers to airframe & fuselage manufacturers. However, increasing consumption of PPS
in automotive and electronic industries is anticipated to reduce the raw material supply to
airframe molding companies. In addition, PEEK has been emerged as a major replacement to
PPS on account of its exceptional mechanical properties with excellent resistance to chemicals,
wear, fatigue and creep even at high operating temperatures.
4.3 Components

components, 2014 - 2025, (Tons) (USD Million)
TABLE 19 Global aerospace plastics market estimates and forecast in components,
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
2,692.8 2,798.1 2,912.1 3,035.9 3,170.2 3,316.0 3,474.6 3,647.2 3,835.3 4,040.5 4,264.6 4,509.7 5.1%
(Tons)
Revenu
e (USD 71.0 73.6 76.5 79.6 83.0 86.7 90.7 95.0 99.8 105.0 110.7 117.0 4.9%
Million)

Forecasts to 2025
Thermoplastics are widely used in manufacturing of bearings, fasteners, sealing, bushings, and
fueling & refueling systems. Components are widely utilized in keeping the aircraft structure
together and in fastening the panels and plastic sheets in the interiors and exteriors of the
aircraft. The demand for plastics in these components are directly dependent on the demand for
and fluctuations in the production of aircrafts.

components, b y region, 2014 - 2025, (Tons) (USD Million)
TABLE 20 Global aerospace plastics market volume in components, by region, 2014 -
2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
1,157.3 1,205.7 1,258.9 1,317.2 1,381.1 1,451.2 1,528.3 1,613.0 1,706.2 1,808.9 1,922.3 2,047.6 5.7%
America
Europe 969.7 1,010.9 1,055.5 1,103.7 1,155.9 1,212.4 1,273.6 1,340.0 1,412.1 1,490.4 1,575.7 1,668.5 5.3%
Asia
384.1 395.9 408.3 421.4 435.3 450.1 465.7 482.3 500.0 518.7 538.6 559.8 3.6%
Pacific
RoW 181.7 185.5 189.5 193.6 197.9 202.4 207.0 211.9 217.0 222.4 228.0 233.8 2.4%
Total 2,692.8 2,798.1 2,912.1 3,035.9 3,170.2 3,316.0 3,474.6 3,647.2 3,835.3 4,040.5 4,264.6 4,509.7 5.1%
The helicopter market anticipates witnessing significant gains over the forecast period on
account of various factors including oil & gas exploration, transportation of VIP personnel and
law enforcement.
The demand for helicopters is expected to increase significantly in Asia Pacific and Middle East
over the forecast period on account of their increasing demand for oil & gas exploration. Political
instability is also expected to play an important role for driving demand for new helicopters in
Middle East and Asia Pacific for public safety and military drones.

Forecasts to 2025
TABLE 21 Global aerospace plastics market revenue in components, by region, 2014 -

2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
28.6 29.9 31.3 32.8 34.5 36.3 38.2 40.3 42.7 45.2 48.0 51.1 5.7%
America
Europe 24.1 25.1 26.2 27.3 28.5 29.9 31.4 33.0 34.7 36.7 38.8 41.1 5.2%
Asia
11.4 11.7 12.0 12.4 12.8 13.2 13.7 14.2 14.8 15.4 16.1 16.8 3.9%
Pacific
RoW 6.9 6.9 7.0 7.1 7.2 7.3 7.4 7.5 7.6 7.8 7.9 8.1 1.7%
Total 71.0 73.6 76.5 79.6 83.0 86.7 90.7 95.0 99.8 105.0 110.7 117.0 4.9%

components, b y polymer type, 2014 - 2025, (Tons) (USD Million)
TABLE 22 Global aerospace plastics market volume in components, by polymer type,
2014 - 2025, (Tons)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 948.1 986.0 1,027.1 1,071.7 1,120.0 1,172.6 1,229.7 1,291.9 1,359.6 1,433.6 1,514.3 1,602.7 5.2%
PA 557.4 578.6 601.6 626.6 653.7 683.1 715.1 749.9 787.8 829.1 874.2 923.6 5.0%
PTFE 345.7 361.0 377.4 395.3 414.7 435.7 458.7 483.6 510.9 540.6 573.2 608.8 5.5%
PPS 117.1 122.3 127.9 134.0 140.6 147.9 155.7 164.2 173.6 183.7 194.9 207.1 5.6%
PEEK 404.5 420.6 438.0 456.9 477.4 499.7 524.0 550.4 579.1 610.5 644.8 682.3 5.1%
PAI 134.6 141.0 147.9 155.4 163.6 172.4 182.1 192.6 204.0 216.6 230.3 245.3 5.9%
Others 185.3 188.6 192.1 196.0 200.1 204.6 209.5 214.7 220.3 226.4 232.9 239.8 2.6%
Total 2,692.8 2,798.1 2,912.1 3,035.9 3,170.2 3,316.0 3,474.6 3,647.2 3,835.3 4,040.5 4,264.6 4,509.7 5.1%
North America and Europe are likely to witness a reduction in the number of purchases of
helicopters owing to the presence of an existing large fleet. Moreover, economic slowdown in
these regions coupled with reduction in government spending on defense is expected to further
impact market growth for helicopters. However, MRO activities for aircrafts are likely to increase
over the forecast period, thus, driving demand for components, subsequently propelling
aerospace plastics growth.

Forecasts to 2025
TABLE 23 Global aerospace plastics market revenue in components, by polymer type,

2014 - 2025, (USD Million)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 21.3 22.0 22.8 23.6 24.5 25.5 26.6 27.8 29.1 30.6 32.1 33.8 4.6%
PA 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.1 3.2 3.4 3.6 3.8 5.0%
PTFE 3.0 3.1 3.2 3.4 3.6 3.8 4.0 4.2 4.4 4.7 5.0 5.3 5.7%
PPS 0.7 0.8 0.8 0.8 0.9 0.9 1.0 1.0 1.1 1.1 1.2 1.3 5.5%
PEEK 5.9 6.1 6.3 6.5 6.7 7.0 7.3 7.6 7.9 8.3 8.7 9.2 4.4%
PAI 8.3 8.7 9.1 9.5 10.0 10.5 11.0 11.6 12.3 13.0 13.8 14.7 5.6%
Others 29.5 30.6 31.9 33.2 34.6 36.2 37.8 39.7 41.7 43.9 46.3 48.9 5.0%
Total 71.0 73.6 76.5 79.6 83.0 86.7 90.7 95.0 99.8 105.0 110.7 117.0 4.9%
Rising importance of bio-based polymers in light of growing concerns over greenhouse

emissions is expected to force aircraft manufacturers to incorporate biologically derived
composite materials in components in helicopters. In February 2016, Rice University
researchers developed a graphene composite which has shown to melt ice on helicopter blade.
The prime intention of incorporating this composite is to check the ability of helicopter to remove
ice. As a result, research pertaining to the development of composites for reducing the
maintenance cost incurred on a level of OEMs and MRO suppliers is expected to open new
market avenues for aerospace plastics industry is expected to open new market avenues.

Forecasts to 2025
4.4 Equipment, systems & support

empennage, 2014 - 2025, (Tons) (USD Million)
TABLE 24 Global aerospace plastics market estimates and forecast in equipment,
systems & support, 2014 - 2025, (Tons) (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
5,200.8 5,368.8 5,551.2 5,749.3 5,964.7 6,198.9 6,453.6 6,730.7 7,032.5 7,361.5 7,720.5 8,112.7 4.4%
(Tons)
Revenue
(USD 121.7 125.6 129.9 134.5 139.6 145.1 151.1 157.7 164.8 172.6 181.2 190.5 4.4%
Million)
The overall weight is a key factor in any aircraft that determines the efficiency and design of the
equipment, systems & other support systems. Since plastics have an excellent strength to
weight ratio, they are widely used for manufacturing the equipment required for the functioning
of an aircraft. Furthermore, the reduced weight has a significant impact on the performance of
an aircraft. The need for sturdiness in high performance aircrafts to limit the depth of the aircraft
ensures abundant presence of plastics and composites in every aircraft.

equipment, systems & support , b y region, 2014 - 2025, (Tons)
(USD Million)
TABLE 25 Global aerospace plastics market volume in equipment, systems & support,
by region, 2014 - 2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
2,185.9 2,263.6 2,349.0 2,442.9 2,546.0 2,659.3 2,783.7 2,920.6 3,071.2 3,236.9 3,419.7 3,621.4 5.0%
America
Europe 1,940.4 2,008.5 2,082.1 2,161.6 2,247.7 2,340.9 2,441.8 2,551.0 2,669.4 2,797.9 2,937.4 3,088.9 4.6%
Asia
729.3 747.0 765.5 785.2 806.1 828.3 851.8 876.8 903.2 931.3 961.2 992.9 3.0%
Pacific
RoW 345.1 349.7 354.6 359.6 364.9 370.4 376.2 382.3 388.7 395.3 402.3 409.6 1.6%
Total 5,200.8 5,368.8 5,551.2 5,749.3 5,964.7 6,198.9 6,453.6 6,730.7 7,032.5 7,361.5 7,720.5 8,112.7 4.4%

Forecasts to 2025
TABLE 26 Global aerospace plastics market revenue in equipment, systems &

support, by region, 2014 - 2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
49.1 51.0 53.2 55.5 58.0 60.8 63.8 67.0 70.5 74.4 78.6 83.3 5.2%
America
Europe 41.4 42.8 44.4 46.2 48.1 50.1 52.3 54.8 57.4 60.3 63.5 67.0 4.8%
Asia
19.5 19.9 20.4 20.9 21.5 22.1 22.8 23.6 24.4 25.3 26.3 27.4 3.4%
Pacific
RoW 11.8 11.8 11.9 11.9 12.0 12.1 12.2 12.3 12.4 12.6 12.7 12.9 1.0%
Total 121.7 125.6 129.9 134.5 139.6 145.1 151.1 157.7 164.8 172.6 181.2 190.5 4.4%
The materials used in the propulsion elements, control units or landing gear, good electrical and
thermal properties are essential. In addition, controlled fire behavior, low fume toxicity, good
sliding properties and high chemical resistance are also a requirement; as a result, the demand
for plastics is expected to grow significantly over the next eight years.

equipment, systems & support , b y polymer type, 2014 - 2025,
(Tons) (USD Million)
TABLE 27 Global aerospace plastics market volume in equipment, systems & support,
by polymer type, 2014 - 2025, (Tons)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 1,577.4 1,625.7 1,678.1 1,735.2 1,797.2 1,864.6 1,938.0 2,017.9 2,104.8 2,199.6 2,303.0 2,416.0 4.2%
PA 843.0 881.6 923.2 968.2 1,017.0 1,069.9 1,127.4 1,190.0 1,258.1 1,332.4 1,413.6 1,502.5 5.6%
PTFE 866.8 895.5 926.7 960.5 997.3 1,037.3 1,080.8 1,128.1 1,179.6 1,235.8 1,297.1 1,364.0 4.5%
PEEK 502.9 515.4 529.0 543.9 560.1 577.7 597.0 617.9 640.7 665.5 692.5 722.0 3.6%
PI 1,070.8 1,108.7 1,149.6 1,194.1 1,242.5 1,294.9 1,352.0 1,414.1 1,481.8 1,555.5 1,636.0 1,724.0 4.7%
Others 339.8 342.0 344.5 347.5 350.7 354.4 358.4 362.8 367.6 372.7 378.3 384.3 1.3%
Total 5,200.8 5,368.8 5,551.2 5,749.3 5,964.7 6,198.9 6,453.6 6,730.7 7,032.5 7,361.5 7,720.5 8,112.7 4.4%

Forecasts to 2025
In November 2014, Mitsubishi Regional Jet (MRJ) developed a new VaRTM molding technology
as an alternative for prepreg lamination technology for the production of empennage structures.
Under the process, the resin is infused into dry fabric at vacuum pressure and cured in an oven.
This process is aimed at improving toughness of composite materials fortified with

thermoplastics such as PEEK and POM. This innovation is expected to force other aircraft
manufactures to increase expenditure for the development of new technologies aimed to
improve the performance of thermoplastic polymers in the near future.
TABLE 28 Global aerospace plastics market revenue in equipment, systems &

support, by polymer type, 2014 - 2025, (USD Million)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 45.2 46.6 48.1 49.7 51.5 53.4 55.5 57.7 60.2 62.9 65.9 69.1 4.2%
PA 4.4 4.6 4.7 4.9 5.1 5.3 5.5 5.8 6.1 6.4 6.7 7.0 4.6%
PTFE 9.5 9.9 10.3 10.8 11.2 11.8 12.4 13.0 13.7 14.4 15.2 16.1 5.2%
PEEK 9.4 9.6 9.8 10.0 10.3 10.6 11.0 11.3 11.7 12.1 12.6 13.1 3.4%
PI 48.4 50.1 51.9 53.9 56.1 58.5 61.1 63.9 67.0 70.3 74.0 78.0 4.7%
Others 4.8 4.9 5.0 5.2 5.4 5.5 5.7 6.0 6.2 6.5 6.7 7.0 3.9%
Total 121.7 125.6 129.9 134.5 139.6 145.1 151.1 157.7 164.8 172.6 181.2 190.5 4.4%
Plastics are much lighter in weight than comparable metals, allowing for more dynamic design
and lighter-weight aircraft parts, which in turn generates enormous fuel savings. The advantage
of weight to strength ratio can translate to as much as one seventh the weight for equal strength
of metal or half as much of aluminum.
They can also provide corrosion resistance for harsh environments in aircraft applications as
well as relativity high thermal and mechanically stability, on account of which the plastics market
in equipment, systems & support application.

Forecasts to 2025
4.5 Cabin interiors

cabin interiors, 2014 - 2025, (Tons) (USD Millio n)
TABLE 29 Global aerospace plastics market estimates and forecast in cabin interiors,
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
2,834.4 2,966.2 3,108.8 3,263.1 3,430.5 3,612.1 3,809.4 4,024.2 4,258.1 4,513.5 4,792.5 5,098.0 5.7%
(Tons)
Revenue
(USD 64.9 67.0 69.4 72.0 74.8 77.8 81.1 84.7 88.6 92.9 97.6 102.7 4.5%
Million)
The seats in cabin areas of an aircraft include a wide range of plastic moldings for products
such as trim strips, decorative closeouts, arm rests, and food trays, polycarbonate, and
decorative vinyl are materials that are mostly used for these purposes. In cabin areas of an
aircraft, the surfaces that are in direct contact with crew and passengers have decorative plastic
laminates. The application areas for plastic laminates include baggage racks, aisles, lavatory
interiors, ceilings, and door liners. Moreover, the compactness of an aircraft necessitates
creation of complex structures so as to route much of the conditioned air ducting around
different parts. The creation of such complex structures is quite feasible using nonmetallic
materials like plastics.

cabin interiors, b y region, 2014 - 2025, (Tons) (USD Million)
TABLE 30 Global aerospace plastics market volume in cabin interiors, by region, 2014
- 2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
1,157.3 1,215.1 1,278.3 1,347.4 1,423.1 1,506.1 1,597.3 1,697.5 1,807.8 1,929.5 2,064.0 2,212.7 6.4%
America
Europe 1,087.1 1,140.5 1,198.2 1,260.6 1,328.0 1,401.1 1,480.4 1,566.4 1,660.0 1,761.7 1,872.6 1,993.5 5.9%
Asia
400.0 415.7 432.2 449.7 468.2 487.9 508.7 530.8 554.3 579.3 605.9 634.1 4.4%
Pacific
RoW 190.0 195.0 200.2 205.5 211.1 217.0 223.0 229.4 236.0 242.9 250.1 257.7 2.9%
Total 2,834.4 2,966.2 3,108.8 3,263.1 3,430.5 3,612.1 3,809.4 4,024.2 4,258.1 4,513.5 4,792.5 5,098.0 5.7%

Forecasts to 2025
Aerospace materials for cabin interiors must promote passenger's safety, comfort and well-
being. As a result, plastics are used in aircraft cabin materials as engineered plastics offer high
strength, light weight and space saving solutions with exceptional fire and smoke
characteristics.
TABLE 31 Global aerospace plastics market revenue in cabin interiors, by region,

2014 - 2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
26.2 27.2 28.4 29.7 31.1 32.5 34.2 35.9 37.9 40.0 42.3 44.8 5.3%
America
Europe 22.1 22.9 23.7 24.7 25.7 26.8 28.1 29.4 30.8 32.4 34.2 36.1 4.9%
Asia
10.4 10.6 10.9 11.2 11.5 11.9 12.2 12.7 13.1 13.6 14.2 14.7 3.5%
Pacific
RoW 6.3 6.3 6.4 6.4 6.5 6.5 6.6 6.7 6.8 6.9 7.0 7.1 1.3%
Total 64.9 67.0 69.4 72.0 74.8 77.8 81.1 84.7 88.6 92.9 97.6 102.7 4.5%
Interiors may be less demanding structurally when compared to airframe parts, but there are a
lot of specialized needs and mechanical requirements that have to be met, most notably, very
stringent fire, smoke and toxicity numbers.
Materials such as metals do not meet these requirements. However, plastics are extremely
sturdy and meet the stringent regulations. As a result, the market for plastics is expected to
grow in cabin interiors over the next eight years.

Forecasts to 2025
4.5.3 Global aerospace pl astics market estimates and forecast in

cabin interiors, by pol ymer type, 2014 - 2025, (Tons) (USD
Million)
TABLE 32 Global aerospace plastics market volume in cabin interiors, by polymer
type, 2014 - 2025, (Tons)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 923.4 964.0 1,007.9 1,055.3 1,106.7 1,162.4 1,222.8 1,288.5 1,360.1 1,438.0 1,523.1 1,616.1 5.5%
PA 680.2 712.5 747.4 785.1 826.1 870.5 918.8 971.4 1,028.8 1,091.4 1,159.8 1,234.7 5.8%
PTFE 283.4 299.0 315.9 334.1 354.0 375.7 399.2 425.0 453.1 483.8 517.6 554.7 6.5%
PPS 136.9 142.4 148.3 154.7 161.6 169.0 177.1 185.9 195.4 205.8 217.1 229.4 5.1%
PEEK 595.2 625.6 658.4 694.1 732.8 774.8 820.6 870.4 924.9 984.4 1,049.6 1,121.1 6.2%
Others 215.1 222.8 231.0 239.8 249.4 259.7 270.9 282.9 295.9 310.1 325.4 342.1 4.5%
Total 2,834.4 2,966.2 3,108.8 3,263.1 3,430.5 3,612.1 3,809.4 4,024.2 4,258.1 4,513.5 4,792.5 5,098.0 5.7%
POM and PEEK materials are widely used in the flight deck & cockpit applications owing to
features such as impact resistance, superior thermal stability, temperature resistance and light
transmitting properties. This is anticipated to give the two polymers a competitive edge over its
conventional counterparts such as PVC, PE and PET. Rising demand for lightweight materials
in aircraft industry has increased the use of polycarbonates over the past few years in
transportation sector including aerospace.
TABLE 33 Global aerospace plastics market revenue in cabin interiors, by polymer
type, 2014 - 2025, (USD Million)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 24.8 25.5 26.3 27.2 28.1 29.2 30.3 31.5 32.9 34.4 36.0 37.7 4.2%
PA 2.7 2.8 2.9 3.1 3.2 3.3 3.5 3.7 3.8 4.0 4.3 4.5 5.0%
PTFE 2.4 2.5 2.6 2.7 2.9 3.0 3.2 3.4 3.6 3.8 4.0 4.3 5.8%
PPS 0.8 0.8 0.9 0.9 0.9 1.0 1.0 1.0 1.1 1.1 1.2 1.2 4.1%
PEEK 15.6 16.1 16.7 17.3 18.0 18.7 19.5 20.4 21.3 22.4 23.5 24.8 4.6%
Others 18.6 19.3 20.0 20.8 21.7 22.6 23.6 24.7 25.9 27.2 28.6 30.2 4.8%
Total 64.9 67.0 69.4 72.0 74.8 77.8 81.1 84.7 88.6 92.9 97.6 102.7 4.5%

Forecasts to 2025
Cabin interiors is the only application in which plastics are used in their pure form, in other
applications plastics are used in the form of reinforced plastics. As a result, almost all types of
plastics used in aerospace industry are utilized in some or the component manufacturing of
cabin interiors. As a result, the demand for polymers such as PPS, PEEK, POM and others are
widely used in the application.
4.6 Propulsion systems

propulsion system , 2014 - 2025, (Tons) (USD Million)
TABLE 34 Global aerospace plastics market estimates and forecast in propulsion
system, 2014 - 2025, (Tons) (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
2,707.0 2,774.2 2,847.6 2,927.6 3,014.9 3,110.1 3,213.7 3,326.6 3,449.6 3,583.6 3,729.8 3,889.2 3.6%
(Tons)
Revenue
(USD 121.7 126.4 131.7 137.3 143.5 150.2 157.5 165.4 174.1 183.6 194.0 205.3 5.2%
Million)
Plastics in propulsion systems is expected to witness significant growth over the forecast period
on account of the increasing demand for high performance plastics owing to their excellent
resistance to chemicals and heat.
The propulsion system requires materials with high melting owing to the heating mechanism of
the system. In addition, plastics are cheaper as compared to the different types of composites.
As a result, the market is expected to grow substantially over the next eight years.

Forecasts to 2025

propulsion system , by region, 2014 - 2025, (Tons) (USD Million)
TABLE 35 Global aerospace plastics market volume in propulsion system, by region,
2014 - 2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
1,285.8 1,321.6 1,361.3 1,405.0 1,453.1 1,506.1 1,564.4 1,628.5 1,698.9 1,776.4 1,861.6 1,955.4 4.2%
America
1,005. 1,038. 1,073. 1,112. 1,153. 1,198. 1,247. 1,299.

Europe 896.4 920.5 946.5 974.7 3.7%
1 1 7 1 7 7 3 9
Asia
356.3 362.5 369.0 376.0 383.3 391.2 399.5 408.3 417.6 427.5 438.0 449.1 2.2%
Pacific
RoW 168.5 169.6 170.8 172.0 173.3 174.7 176.2 177.7 179.3 181.1 182.9 184.7 0.9%
Total 2,707.0 2,774.2 2,847.6 2,927.6 3,014.9 3,110.1 3,213.7 3,326.6 3,449.6 3,583.6 3,729.8 3,889.2 3.6%
High performance plastics are widely used in the propulsion systems owing to the high fatigue
resistance, wear resistance, fuel resistance and de-icing fluid resistance. Polymers such as
PEEK, POM, PPS and PTFE are highly durable on account of which they can be used in
exterior of the aircraft.
In addition, high resistance to chemicals and fuel is expected to be a key reason for use of
polymers in propulsion systems, which has led to high demand for the product in aerospace
applications.
TABLE 36 Global aerospace plastics market revenue in propulsion system, by region,

2014 - 2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
49.1 51.4 53.9 56.6 59.6 62.8 66.4 70.2 74.4 79.0 84.1 89.6 5.9%
America
Europe 41.4 43.1 45.0 47.1 49.4 51.8 54.5 57.4 60.6 64.1 67.9 72.1 5.5%
Asia
19.5 20.0 20.7 21.4 22.1 22.9 23.8 24.7 25.8 26.9 28.1 29.5 4.1%
Pacific
RoW 11.8 11.9 12.1 12.2 12.4 12.6 12.8 13.1 13.3 13.6 13.9 14.2 1.9%
Total 121.7 126.4 131.7 137.3 143.5 150.2 157.5 165.4 174.1 183.6 194.0 205.3 5.2%

Forecasts to 2025
The advancements of hybrid or electric power to improve automobiles serve as the base
technology being applied toward aircraft. Currently, the engineers and scientists at NASA’s
Glenn Research Center are actively researching the next generation of efficient aircraft.
One of their current objectives is to help shift the industry from solely using gas turbines to start
implementing hybrid or turboelectric propulsion. The benefits of this are reduced energy
consumption, emissions, and noise. As plastics is likely to aid in achieving these characteristics,
the market is expected to grow.

propulsion system , by polymer t ype, 2014 - 2025, (Tons) (USD
Million)
TABLE 37 Global aerospace plastics market volume in cabin areas, by polymer type,
2014 - 2025, (Tons)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 504.3 513.8 524.2 535.8 548.4 562.3 577.5 594.1 612.3 632.2 653.8 677.5 3.0%
PA 304.5 311.3 318.6 326.7 335.6 345.2 355.8 367.3 379.8 393.5 408.4 424.7 3.3%
PTFE 253.1 259.9 267.4 275.5 284.3 293.9 304.3 315.7 328.1 341.5 356.2 372.2 3.8%
PEEK 359.5 370.9 383.3 396.7 411.2 427.0 444.1 462.7 482.9 504.9 528.9 555.0 4.3%
PAI 508.4 518.8 530.2 542.8 556.6 571.6 588.1 606.1 625.8 647.2 670.6 696.2 3.2%
PI 777.2 799.5 823.8 850.2 878.9 910.0 943.9 980.7 1,020.7 1,064.3 1,111.8 1,163.6 4.0%
Total 2,707.0 2,774.2 2,847.6 2,927.6 3,014.9 3,110.1 3,213.7 3,326.6 3,449.6 3,583.6 3,729.8 3,889.2 3.6%
Developing alternative systems requires creating new aircraft designs as well as propulsion
systems that integrate battery technologies and electromagnetic machines like motors and
generators with more efficient engines.
The use of plastics in manufacturing of new aircraft is growing as they provide lightweight
solutions and improved aerodynamics. As a result, the plastics market is expected to grow
substantially in the propulsion systems.

Forecasts to 2025
TABLE 38 Global aerospace plastics market revenue in cabin areas, by polymer type,
2014 - 2025, (USD Million)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 17.5 18.1 18.7 19.4 20.1 20.9 21.8 22.8 23.8 24.9 26.2 27.5 4.5%
PA 1.9 2.0 2.1 2.2 2.3 2.4 2.5 2.7 2.8 3.0 3.2 3.4 5.5%
PTFE 3.4 3.5 3.7 3.9 4.1 4.3 4.6 4.9 5.2 5.5 5.9 6.3 6.1%
PEEK 8.1 8.4 8.8 9.2 9.7 10.2 10.8 11.4 12.0 12.7 13.5 14.3 5.6%
PAI 48.4 50.2 52.1 54.2 56.4 58.9 61.5 64.4 67.6 71.1 74.8 79.0 4.8%
PI 42.4 44.3 46.3 48.5 50.8 53.4 56.2 59.3 62.7 66.4 70.4 74.8 5.6%
Total 121.7 126.4 131.7 137.3 143.5 150.2 157.5 165.4 174.1 183.6 194.0 205.3 5.2%
Concerns & challenges faced by the aviation, aerospace, and defense industries, include profit
maximization and value across the global supply chain with new material technologies,
eliminating potential failure points with one-piece designs.
Advanced plastic solutions that are easier to design, shape and repair, light weighting for
increased fuel efficiency and reduced greenhouse gas emissions, designing with high-strength
& lightweight materials are being used for applications such as propulsion systems. As plastics
are inexpensive and lightweight, they are being widely used in application industries.
4.7 Satellites

satellites, 2014 - 2025, (Tons) (USD Mil lion)
TABLE 39 Global aerospace plastics market estimates and forecast in satellites, 2014
- 2025, (Tons) (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
1,154.2 1,165.8 1,178.6 1,192.8 1,208.4 1,225.4 1,243.9 1,263.9 1,285.5 1,308.6 1,333.4 1,359.9 1.7%
(Tons)
Revenue
(USD 73.0 75.2 77.6 80.2 83.1 86.2 89.5 93.2 97.2 101.6 106.4 111.6 4.2%
Million)

Forecasts to 2025
The introduction of unique plastic materials has revolutionized the space industry. 3D printing
applications have been developed for satellites, after comprehensive studies regarding their
resistance to solar flares and storms. RAMSES (Rapid Manufacture of Space Exposed
Structures) has been printed from thermoplastics in order to observe how satellites survives the
rigors of space and the particularly unwelcome atmospheric environments. Future satellite
production costs have also successfully been slashed utilizing plastics and other composite
materials. This in turn is expected to reduce the number of satellites in space while also
contributing positively to data collection and observation from these environments.

satellites, by region, 2014 - 2025, (Tons) (USD Million)
TABLE 40 Global aerospace plastics market volume in satellites, by region, 2014 -
2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North 514.3 519.6 525.7 532.6 540.4 549.1 558.7 569.3 580.8 593.4 607.0 621.8 2.0%
America
Europe 350.2 354.1 358.4 363.1 368.1 373.5 379.3 385.5 392.1 399.0 406.4 414.1 1.7%
Asia 196.5 198.2 199.9 201.7 203.6 205.6 207.8 210.1 212.6 215.2 217.9 220.7 1.1%
Pacific
RoW 93.2 93.9 94.6 95.4 96.2 97.1 98.0 99.0 100.0 101.0 102.2 103.3 1.0%
Total 1,154.2 1,165.8 1,178.6 1,192.8 1,208.4 1,225.4 1,243.9 1,263.9 1,285.5 1,308.6 1,333.4 1,359.9 1.7%
North America is the largest market with fastest growth rate owing to a highly developed
aerospace and defense sector that utilizes numerous innovative plastics in several applications.
A polymer coating that conducts electricity has been developed by Canadian scientists to help
satellites weather solar storms. Satellites are usually blanketed with insulation to protect them
against heat and light damage. This non-conducting blanket also allows electrostatic charge
from particles streaming from the Sun to build up on the satellite’s skin, leading to arcing that
can destroy the craft’s circuitry.

Forecasts to 2025
TABLE 41 Global aerospace plastics market revenue in satellites, by region, 2014 -

2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
29.4 30.6 31.8 33.1 34.5 36.0 37.7 39.6 41.6 43.7 46.1 48.7 5.0%
America
Europe 24.8 25.6 26.5 27.5 28.6 29.7 31.0 32.3 33.8 35.5 37.2 39.2 4.5%
Asia
11.7 11.9 12.2 12.5 12.8 13.1 13.5 13.9 14.4 14.9 15.4 16.0 3.2%
Pacific
RoW 7.1 7.1 7.1 7.1 7.2 7.2 7.3 7.4 7.4 7.5 7.6 7.7 1.0%
Total 73.0 75.2 77.6 80.2 83.1 86.2 89.5 93.2 97.2 101.6 106.4 111.6 4.2%
Primary Interviews, Grand View Research\

satellites, by polymer t ype, 2014 - 2025, (Tons) (USD Milli on)
TABLE 42 Global aerospace plastics market volume in satellites, by polymer type,
2014 - 2025, (Tons)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 329.8 332.2 335.1 338.2 341.8 345.7 350.1 354.8 359.9 365.5 371.5 377.9 1.4%
PA 164.8 166.4 168.1 170.0 172.0 174.3 176.8 179.5 182.5 185.6 189.0 192.6 1.6%
PTFE 158.0 160.1 162.3 164.7 167.4 170.2 173.3 176.6 180.1 183.9 187.9 192.2 1.9%
PEEK 179.3 182.4 185.9 189.5 193.5 197.7 202.1 206.9 212.0 217.4 223.1 229.1 2.4%
PAI 148.4 149.5 150.6 152.0 153.5 155.1 157.0 159.0 161.2 163.6 166.1 168.9 1.3%
PI 173.9 175.2 176.7 178.4 180.2 182.3 184.6 187.1 189.8 192.7 195.9 199.2 1.4%
Total 1,154.2 1,165.8 1,178.6 1,192.8 1,208.4 1,225.4 1,243.9 1,263.9 1,285.5 1,308.6 1,333.4 1,359.9 1.7%
Plastics such as PTFE are growing at a rapid pace in satellite applications. A new breed of
aircraft, designed as an affordable substitute for satellites has also been developed recently,
which may foster greater opportunities for plastics in its construction. PTFE has numerous
advantageous properties such as lightweight, high stiffness, chemical & heat resistance among
others, which has fostered its application in satellites in recent years.

Forecasts to 2025
TABLE 43 Global aerospace plastics market revenue in satellites, by polymer type,

2014 - 2025, (USD Million)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 19.8 20.3 20.9 21.6 22.3 23.1 23.9 24.9 25.9 27.0 28.2 29.5 4.0%
PA 1.8 1.9 1.9 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.8 2.9 4.8%
PTFE 3.6 3.8 3.9 4.1 4.3 4.5 4.7 5.0 5.2 5.5 5.9 6.2 5.3%
PEEK 7.0 7.2 7.5 7.8 8.1 8.4 8.8 9.2 9.6 10.1 10.6 11.2 4.7%
PAI 24.4 25.2 26.0 26.8 27.7 28.8 29.9 31.1 32.4 33.8 35.4 37.1 4.1%
PI 16.4 16.9 17.4 17.9 18.5 19.2 19.9 20.7 21.6 22.5 23.5 24.6 4.0%
Total 73.0 75.2 77.6 80.2 83.1 86.2 89.5 93.2 97.2 101.6 106.4 111.6 4.2%
PTFE is most commonly utilized for electrical insulation in wires and other cables in satellites.
The polymer displays outstanding flexibility, non-stickiness, chemical, thermal, and electrically
resistance among other factors.
Friction & wear are also often observed in bearings, and a PTFE coat can provide other benefits
as with coating screws and even exterior skins on satellites. These factors are expected to
contribute to segment growth over the near future.
4.8 Construction and insulation components

construction and insulation components , 2014 - 2025, (Tons)
(USD Million)
TABLE 44 Global aerospace plastics market estimates and forecast in construction
and insulation components, 2014 - 2025, (Tons) (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
992.8 999.9 1,007.9 1,016.8 1,026.6 1,037.2 1,048.8 1,061.2 1,074.4 1,088.5 1,103.3 1,118.8 1.2%
(Tons)
Revenue
(USD 18.2 18.6 19.0 19.4 19.8 20.3 20.8 21.4 22.0 22.7 23.4 24.2 2.8%
Million)

Forecasts to 2025
Airframe, aircraft fairing components, wings, nose, fuselage & tail-plane are made of numerous
plastic components. These materials generally possess good thermal & mechanical properties
as well as good resistance to aging. High performance engineering plastics are ideal for the
aerospace industry owing to their light weight as compared with other industrial materials.
A typical engineering polymer has half the density of aluminum or glass and 1/6th the density of
steel. Every extra pound a plane weights costs energy to move it and thus money. The use of
modern polymer materials and reinforcing fibers makes it possible to achieve lightweight
constructions and hence fuel savings. Plastic components can also be fabricated economically,
making it ideal for applications such as construction & insulation components.

construction and insulation components , b y region, 2014 -
2025, (Tons) (USD Million)
components, by region, 2014 - 2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
385.8 387.7 390.1 393.0 396.3 400.1 404.3 408.8 413.8 419.2 424.9 431.0 1.2%
America
Europe 370.6 374.2 378.1 382.4 387.0 391.9 397.1 402.7 408.6 414.8 421.3 428.0 1.4%
Asia
159.7 160.8 162.0 163.3 164.6 166.1 167.6 169.3 171.0 172.8 174.7 176.7 1.0%
Pacific
RoW 76.7 77.2 77.6 78.1 78.6 79.2 79.8 80.4 81.0 81.7 82.4 83.2 0.8%
Total 992.8 999.9 1,007.9 1,016.8 1,026.6 1,037.2 1,048.8 1,061.2 1,074.4 1,088.5 1,103.3 1,118.8 1.2%
North America is anticipated to remain an important regional segment for plastics in construction
& insulation components owing to the presence of extensive R&D centers that contribute to
higher fuel savings and emission reduction by fabricating lightweight plastic compounds.
Conventional challenges faced by materials such as metals and wood are overcome using
plastics with high temperature resistance and non-oxidative properties. Aerospace companies
are also opting for these materials to reduce health and environmental hazards that are
generally associated with glass and other heavy, breakable materials.

Forecasts to 2025

components, by region, 2014 - 2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
7.4 7.5 7.7 8.0 8.2 8.4 8.7 9.0 9.3 9.7 10.0 10.4 3.4%
America
Europe 6.2 6.3 6.5 6.6 6.8 7.0 7.2 7.4 7.6 7.8 8.1 8.4 3.0%
Asia
2.9 2.9 3.0 3.0 3.0 3.1 3.1 3.2 3.2 3.3 3.4 3.4 1.7%
Pacific
RoW 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.9 1.9 1.9 1.9 2.0 1.1%
Total 18.2 18.6 19.0 19.4 19.8 20.3 20.8 21.4 22.0 22.7 23.4 24.2 2.8%
Primary Interviews, Grand View Research\

construction and insulation components , b y polymer t ype, 2014
- 2025, (Tons) (USD Million )
components, by polymer type, 2014 - 2025, (Tons)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 176.0 185.3 195.4 206.6 218.7 232.1 246.8 262.9 280.8 300.4 322.2 346.3 6.7%
PA 47.6 50.2 53.0 56.2 59.6 63.4 67.6 72.1 77.2 82.8 89.0 95.8 6.9%
PTFE 106.8 112.5 118.7 125.6 133.1 141.3 150.3 160.2 171.2 183.3 196.7 211.5 6.7%
PPS 38.4 40.5 42.7 45.1 47.8 50.8 54.0 57.5 61.5 65.8 70.6 75.9 6.7%
PEEK 295.1 309.1 324.4 341.2 359.5 379.5 401.6 425.7 452.3 481.6 513.9 549.6 6.1%
PAI 165.4 174.0 183.4 193.8 205.1 217.5 231.1 246.1 262.7 280.9 301.1 323.5 6.6%
PI 254.5 266.1 278.8 292.7 307.8 324.4 342.6 362.6 384.5 408.7 435.3 464.7 5.9%
Others 73.5 77.4 81.7 86.4 91.5 97.1 103.3 110.2 117.7 126.0 135.2 145.4 6.7%
Total 1,157.3 1,215.1 1,278.3 1,347.4 1,423.1 1,506.1 1,597.3 1,697.5 1,807.8 1,929.5 2,064.0 2,212.7 6.4%
PAI, often marketed under the trademark Torlon, has a high mechanical strength which it retains
up to 500 °F. PAI is resistant to radiation and most chemicals at room temperature, is flame
retardant and smokeless. The material is thus often utilized as a substitute for vital metal
components in the aerospace industry.

Forecasts to 2025
Thermosetting polyimides with excellent mechanical properties and high resistance to chemicals
also have great potential for structural applications in the aerospace industry, including
insulation and construction components.

components, by polymer type, 2014 - 2025, (USD Million)
CAGR
Polymer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
POM 2.4 2.5 2.5 2.6 2.7 2.7 2.8 2.9 3.0 3.1 3.2 3.3 3.0%
PA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 3.9%
PTFE 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.7 0.8 0.8 0.8 3.8%
PPS 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 3.6%
PEEK 2.6 2.7 2.7 2.8 2.8 2.9 2.9 3.0 3.1 3.2 3.2 3.3 2.3%
PAI 6.3 6.4 6.6 6.7 6.9 7.1 7.3 7.5 7.8 8.0 8.3 8.6 3.1%
PI 5.5 5.6 5.7 5.8 5.9 6.0 6.1 6.3 6.4 6.6 6.8 6.9 2.3%
Others 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 4.5%
Total 18.2 18.6 19.0 19.4 19.8 20.3 20.8 21.4 22.0 22.7 23.4 24.2 2.8%
Engineered polymers are cost-effective and weigh less than other materials such as metals.
The use of performance polymers in aircraft design is expected to increase, and companies are
expected to stay prepared to support and accelerate future applications development by
assisting in plastics innovation.
Plastics such as PA and PAI are expected to remain important segments in the industry while
others such as PEEK are expected to find application in large temperature operating across the
aerospace industry, especially in conditions where it may be exposed to low temperatures and
atmospheric particles.

Forecasts to 2025
Chapter 5 Aerospace Plastics End-Use Outlook

5.1 Global aerospace plastics market volume share by end-use, 2016 & 2025
The global aerospace plastics market was dominated by the commercial & freighter aircrafts
which accounted for 68.2% for global demand in 2016 and is expected to increase to 73% by
2025. Commercial and freighter end user segment was followed by military, rotary, and general
aviation planes end-user segments. These segments occupied market shares of 8.7%, 6.2%,
and 12.6% respectively in 2016.
FIG. 15 Global aerospace plastics market volume share by end-use, 2016 & 2025
4.2% 3.1%
2016 10.8% 2025
12.6%
6.2%
6.2%
6.9%
8.7%
68.2%
73.0%
Commercial & Freighter Aircrafts Commercial & Freighter Aircrafts

Military Aircrafts Military Aircrafts
Rotary Aircrafts Rotary Aircrafts
General Aviation General Aviation
Others Others
5.2 Commercial & freighter aircrafts

commercial & freighter aircrafts, 2014 - 2025, (Tons) (USD
Million)
Global aerospace plastics demand in commercial and freighter aircrafts was 21,964.1 tons in
2016 and is expected to reach 34,558.1 tons by 2025, growing at a CAGR of 5.3% from 2017 to
2025. In terms of revenue, the market was USD 586.3 million in 2016 and is expected to reach
USD 937 million by 2025, growing at a CAGR of 5.4% from 2017 to 2025.

Forecasts to 2025
TABLE 49 Global aerospace plastics market estimates and forecast in commercial &
freighter aircrafts, 2014 - 2025, (Tons) (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
20,345.5 21,116.3 21,964.1 22,895.7 23,919.1 25,043.0 26,277.4 27,633.6 29,124.5 30,764.2 32,569.3 34,558.1 5.3%
(Tons)
Revenue
(USD 539.0 561.7 586.3 613.2 642.3 674.1 708.8 746.6 787.9 833.1 882.7 937.0 5.4%
Million)
Freight and large passenger aircrafts are one of the major application areas for plastics in the
aerospace industry. Utilization of plastics in aircrafts helps not only in reducing operating cost by
reducing the weight, but also keeps a check on maintenance issues. This has encouraged
aircraft manufacturers to potentially increase plastic content in commercial as well as freighter
aircrafts. The need for fuel efficiency and reduced maintenance costs has shifted the paradigm
of the commercial aircrafts from aluminum to aerospace plastics.

commercial and freighter aircrafts, by region, 2014 - 2025,
TABLE 50 Global aerospace plastics market volume in commercial and freighter
aircrafts, by region, 2014 - 2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
8,669.1 9,015.9 9,403.6 9,836.1 10,318.1 10,854.6 11,451.7 12,115.8 12,854.9 13,677.6 14,594.0 15,615.6 5.9%
America
Europe 7,671.2 7,985.8 8,329.1 8,704.0 9,113.0 9,559.6 10,047.1 10,579.6 11,161.5 11,797.7 12,493.8 13,255.9 5.4%
Asia
3,390.6 3,487.2 3,590.1 3,699.6 3,816.1 3,940.2 4,072.2 4,212.6 4,362.2 4,521.4 4,691.0 4,871.6 3.5%
Pacific
RoW 614.6 627.5 641.3 656.0 671.8 688.6 706.5 725.5 745.9 767.5 790.5 815.0 2.7%
Total 20,345.5 21,116.3 21,964.1 22,895.7 23,919.1 25,043.0 26,277.4 27,633.6 29,124.5 30,764.2 32,569.3 34,558.1 5.3%
North American aerospace plastics market in commercial & freighter aircrafts was 9,403.6 tons
in 2016 and is expected to reach 15,615.6 tons by 2025. The market is expected to witness

Forecasts to 2025
growth on account of new innovations done in Boeing and other passenger aircrafts for ensuring
passenger comfort and reducing fuel emission.
TABLE 51 Global aerospace plastics market revenue in commercial and freighter

aircrafts, by region, 2014 - 2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
239.6 251.5 264.5 278.7 294.0 310.8 329.0 349.0 370.8 394.7 421.0 449.9 6.2%
America
Europe 183.6 191.4 200.0 209.3 219.4 230.4 242.4 255.5 269.8 285.4 302.5 321.3 5.5%
Asia
100.6 103.4 106.4 109.6 113.2 117.1 121.3 125.9 130.9 136.3 142.3 148.7 3.9%
Pacific
RoW 15.3 15.3 15.5 15.6 15.7 15.9 16.0 16.2 16.4 16.7 16.9 17.2 1.2%
Total 539.0 561.7 586.3 613.2 642.3 674.1 708.8 746.6 787.9 833.1 882.7 937.0 5.4%
Asia Pacific is expected to be an important aerospace plastics market in commercial and

freighter aircraft. The market is expected to witness a growing CAGR of 3.9% from 2017 to
2025. Increased end-use and favorable government support towards aviation industry
augmented the demand of freight air carriers, which is expected to augment the demand for
composites plastics in these aircrafts.
5.3 Military aircrafts

military aircrafts, 2014 - 2025, (Tons) (USD Million)
TABLE 52 Global aerospace plastics market estimates and forecast in military
aircrafts, 2014 - 2025, (Tons) (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
2,651.0 2,698.4 2,746.1 2,795.7 2,847.2 2,900.7 2,956.2 3,013.8 3,073.6 3,135.7 3,200.2 3,267.2 2.0%
(Tons)
Revenue
(USD 87.6 89.5 91.6 93.9 96.4 99.1 102.0 105.1 108.5 112.2 116.1 120.4 3.2%
Million)

Forecasts to 2025
Global aerospace plastics demand in military aircrafts was 2,746.1 tons in 2016 and is expected
to reach 3,267.2 tons by 2025, growing at a CAGR of 2% from 2017 to 2025. In terms of
revenue, the market was USD 91.6 million in 2016 and is expected to reach USD 120.4 million
by 2025, growing at a CAGR of 3.2% from 2017 to 2025.
Plastic materials are used for completing assemblies for heads-up-displays, firearms, night
vision systems, and other military and aerospace applications. The manufacturers have been
increasingly using plastics in the integrated circuits of military aircrafts since plastic integrated
circuits are able to operate even in high temperatures.

military aircrafts, by region, 2014 - 2025, (Tons) (USD Million)
North America was the fastest growing market for aerospace plastics in military aircrafts on
account of increased government funding by the U.S. government in empowering defense
sector. Government funding is expected to augment the use of military aircrafts, resulted in
increased demand for aerospace plastics over the forecast period.
TABLE 53 Global aerospace plastics market volume in military aircrafts, by region,

2014 - 2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
1,157.3 1,180.4 1,204.5 1,229.5 1,255.6 1,282.7 1,310.9 1,340.3 1,370.9 1,402.7 1,435.8 1,470.2 2.3%
America
Europe 923.3 940.0 957.2 975.0 993.4 1,012.5 1,032.2 1,052.7 1,073.8 1,095.7 1,118.4 1,141.9 2.0%
Asia
402.5 408.6 413.5 418.5 423.8 429.3 435.0 440.8 446.9 453.2 459.7 466.5 1.4%
Pacific
RoW 167.9 169.4 171.0 172.7 174.4 176.2 178.1 180.0 182.0 184.1 186.3 188.6 1.1%
Total 2,651.0 2,698.4 2,746.1 2,795.7 2,847.2 2,900.7 2,956.2 3,013.8 3,073.6 3,135.7 3,200.2 3,267.2 2.0%
RoW is expected to witness second-most fastest growing CAGR of 1.1% in terms of revenue,
from 2017 to 2025. Political instability in Syria, Lebanon coupled with defense empowerment in
Iran, Israel, Brazil are expected to augment the demand for military aircrafts, attributing to
increased demand for aerospace plastics in near future.

Forecasts to 2025
TABLE 54 Global aerospace plastics market revenue in military aircrafts, by region,

2014 - 2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
36.0 36.3 36.6 37.0 37.3 37.7 38.0 38.4 38.8 39.2 39.6 40.0 1.0%
America
Europe 28.8 30.0 31.2 32.6 34.0 35.6 37.4 39.2 41.3 43.6 46.0 48.7 5.2%
Asia
14.8 15.2 15.7 16.2 16.8 17.4 18.1 18.8 19.6 20.5 21.5 22.5 4.2%
Pacific
RoW 8.0 8.0 8.1 8.2 8.3 8.4 8.5 8.6 8.7 8.8 9.0 9.1 1.4%
Total 87.6 89.5 91.6 93.9 96.4 99.1 102.0 105.1 108.5 112.2 116.1 120.4 3.2%
Manufacturers of military aircrafts have also been using plastics to reduce the overall weight
and improve the fuel efficiency. The canopies of many military aircrafts are manufactured from
polycarbonate or acrylic plastics that are considerably lighter and have high impact strength as
compared to glass. Military aircrafts are often treated as the testing grounds for innovative
aerospace structures, and the advancements in the application of plastics are often witnessed
in military aircrafts where demand for them is high.
5.4 Rotary aircrafts

rotary aircrafts, 2014 - 2025, (Tons) (USD Million)
TABLE 55 Global aerospace plastics market estimates and forecast in rotary aircrafts,
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
1,846.9 1,924.1 2,005.3 2,090.5 2,180.2 2,274.5 2,373.7 2,478.1 2,587.9 2,703.6 2,825.4 2,953.7 4.4%
(Tons)
Revenue
(USD 40.9 42.2 43.5 44.9 46.4 48.0 49.8 51.6 53.6 55.7 58.0 60.5 3.8%
Million)
Global aerospace plastics demand in rotary aircrafts was 2,005.3 tons in 2016 and is expected
to reach 2,953.7 tons by 2025. The market was USD 43.5 million in 2016 and is expected to

Forecasts to 2025
reach USD 60.5 million by 2025, growing at a CAGR of 3.8% from 2017 to 2025. Helicopters for
both civilian and military use are required to carry high payloads and are subjected to high
vibration loads. Moreover, these helicopters are particularly weight sensitive and make
extensive structural and mechanical use of the plastics for meeting these requirements.
Problems such as low strength to density ratio and poor fatigue resistance associated with the
aluminum and steel rotor blade are shadowed by the use of plastics and composite materials. In
addition to overcoming these problems, the use of plastics also helps to reduce design
drawbacks of rotor blades.

rotary aircrafts, by region, 2014 - 2025, (Tons) (USD Million)
European aerospace plastics market in rotary aircrafts was 615.5 tons in 2016 and is expected
to reach 921 tons by 2025, growing at a CAGR of 4.6% from 2017 to 2025. Over the years, the
Chinese and Indian governments have signed various agreements with European countries
such as Russia and France to procure helicopters intended for civil as well as defense use.
These agreements are expected to augment the rotary aircrafts production in Europe and this in
turn, expected to augment the demand for aerospace plastics in rotary aircrafts over the
forecast period.
TABLE 56 Global aerospace plastics market volume in rotary aircrafts, by region, 2014
- 2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
945.1 989.5 1,036.3 1,085.6 1,137.6 1,192.5 1,250.3 1,311.3 1,375.7 1,443.7 1,515.4 1,591.2 4.9%
America
Europe 564.6 589.4 615.5 643.0 671.8 702.2 734.2 767.8 803.2 840.4 879.7 921.0 4.6%
Asia
212.8 218.4 224.2 230.1 236.3 242.7 249.3 256.1 263.2 270.5 278.1 285.9 2.7%
Pacific
RoW 124.5 126.8 129.3 131.8 134.4 137.1 140.0 142.9 145.9 149.0 152.2 155.6 2.1%
Total 1,846.9 1,924.1 2,005.3 2,090.5 2,180.2 2,274.5 2,373.7 2,478.1 2,587.9 2,703.6 2,825.4 2,953.7 4.4%
North America aerospace plastics market revenue in rotary aircrafts was USD 1,036.3 million in
2016 and is expected to reach USD 1,591.2 million by 2025, growing at a CAGR of 4.9% from

Forecasts to 2025
2017 to 2025. RoW is expected to be fastest growing market on account of increased defense
funding by Israel and North African countries towards solving the border disputes and terrorism.
TABLE 57 Global aerospace plastics market revenue in rotary aircrafts, by region,

2014 - 2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
18.7 19.5 20.4 21.2 22.1 23.1 24.1 25.1 26.3 27.5 28.8 30.2 4.5%
America
Europe 12.6 12.9 13.3 13.7 14.1 14.6 15.1 15.7 16.3 17.0 17.7 18.4 3.8%
Asia
5.4 5.5 5.6 5.6 5.7 5.9 6.0 6.1 6.3 6.5 6.7 6.9 2.6%
Pacific
RoW 4.2 4.2 4.3 4.3 4.4 4.5 4.5 4.6 4.7 4.8 4.9 5.0 1.8%
Total 40.9 42.2 43.5 44.9 46.4 48.0 49.8 51.6 53.6 55.7 58.0 60.5 3.8%
5.5 General aviation

general aviation, 2014 - 2025, (Tons) (USD Million)
Global aerospace plastics demand in general aviation was 4,007.5 tons in 2016 and is expected
to reach 5,104.2 tons by 2025, growing at a CAGR of 2.7% from 2017 to 2025. In terms of
revenue, the market was USD 115.7 million in 2016 and is expected to reach USD 164.3 million
TABLE 58 Global aerospace plastics market estimates and forecast in general

aviation, 2014 - 2025, (Tons) (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
3,809.4 3,906.6 4,007.5 4,112.1 4,220.6 4,333.2 4,450.0 4,571.2 4,697.1 4,827.7 4,963.3 5,104.2 2.7%
(Tons)
Revenue
(USD 109.4 112.4 115.7 119.3 123.3 127.7 132.5 137.8 143.6 149.9 156.7 164.3 4.1%
Million)
Small business jets and planes, intended for commercial use, represent a potential growth
opportunity in the aerospace industry. The advancement of new plastic composites and
introduction of new designs maximizing the structural benefits have led to an increase in design

Forecasts to 2025
flexibility and volume of plastics. Weight is an important factor in aerospace applications that
determines the design and efficiency of any aerospace component. Plastic possesses excellent
strength to density ratio and helps reducing overall weight of the aircraft.

general aviation, by region, 2014 - 2025, (Tons) (USD Million)
TABLE 59 Global aerospace plastics market volume in general aviation, by region,
2014 - 2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
1,472.3 1,516.5 1,562.4 1,610.2 1,660.0 1,711.8 1,765.7 1,821.8 1,880.3 1,941.2 2,004.7 2,070.9 3.2%
America
Europe 1,169.0 1,204.1 1,240.4 1,278.1 1,317.3 1,357.8 1,399.9 1,443.6 1,488.9 1,536.0 1,584.8 1,635.5 3.1%
Asia
130.6 133.1 135.6 138.3 141.0 143.8 146.7 149.6 152.7 155.8 159.1 162.4 2.0%
Pacific
RoW 1,037.5 1,053.0 1,069.0 1,085.5 1,102.4 1,119.9 1,137.8 1,156.2 1,175.2 1,194.7 1,214.7 1,235.4 1.6%
Total 3,809.4 3,906.6 4,007.5 4,112.1 4,220.6 4,333.2 4,450.0 4,571.2 4,697.1 4,827.7 4,963.3 5,104.2 2.7%
Europe and North America were the largest markets for aerospace plastics in general aviation
with estimated volumes of 1,240.4 tons and 1,562.4 tons in 2016, respectively. Growing
demand for small business jets in the U.S. and European countries are expected to augment
the use of plastic composites on account of lighter weight than other substitutes.
TABLE 60 Global aerospace plastics market revenue in general aviation, by region,

2014 - 2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
18.8 20.0 21.2 22.6 24.2 25.9 27.8 30.0 32.3 34.9 37.8 40.9 7.7%
America
Europe 38.4 39.7 41.1 42.7 44.4 46.2 48.2 50.4 52.8 55.4 58.3 61.4 4.7%
Asia
4.4 4.5 4.6 4.7 4.7 4.9 5.0 5.1 5.3 5.4 5.6 5.8 2.8%
Pacific
RoW 47.7 48.2 48.7 49.3 50.0 50.7 51.4 52.3 53.2 54.1 55.1 56.2 1.6%
Total 109.4 112.4 115.7 119.3 123.3 127.7 132.5 137.8 143.6 149.9 156.7 164.3 4.1%

Forecasts to 2025
5.6 Others

other end-use industries, 2014 - 2025, (Tons) (USD Million)
Global aerospace plastics demand in other end-use industries was 627.1 tons in 2016 and is
expected to reach 693.2 tons by 2025, growing at a CAGR of 1.1% from 2017 to 2025. In terms
of revenue, the market was USD 14.2 million in 2016 and is expected to reach USD15.2 million
TABLE 61 Global aerospace plastics market estimates and forecast in other end-use
industries, 2014 - 2025, (Tons) (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
614.6 620.8 627.1 633.6 640.3 647.3 654.4 661.7 669.3 677.0 685.0 693.2 1.1%
(Tons)
Revenue
(USD 14.0 14.1 14.2 14.3 14.4 14.6 14.7 14.8 14.9 15.0 15.1 15.2 0.8%
Million)
Other applications for aerospace plastics are expected to increase as the aerospace industry
grows and expands on account of rising disposable income, rising passenger air traffic and the
trend towards sustainable materials in place of conventional materials. Regulations regarding
lightweight spacecraft and related aircraft are expected to drive the demand for these plastics
since these materials contribute to energy & fuel savings to a large extent by lowering the
weight of these vehicles.
Additionally, innovations and the entry of private companies into the space exploration segment
is also anticipated to have a positive impact on the market. Companies are seeking ways to gain
competitive advantage by lowering manufacturing costs while also aiming for higher profit
margins which has resulted in ample growth potential for plastics.

Forecasts to 2025

other end-use industries, by region, 2014 - 2025, (Tons) (USD
Million)
TABLE 62 Global aerospace plastics market volume in other end-use industries, by
region, 2014 - 2025, (Tons)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
614.6 620.8 627.1 633.6 640.3 647.3 654.4 661.7 669.3 677.0 685.0 693.2 1.1%
America
Europe 446.1 451.4 457.0 462.7 468.7 474.9 481.3 487.9 494.8 501.9 509.3 516.9 1.4%
Asia
145.6 146.8 148.0 149.3 150.7 152.1 153.6 155.2 156.9 158.7 160.5 162.4 1.1%
Pacific
RoW 85.9 86.7 87.4 88.2 89.0 89.9 90.7 91.6 92.5 93.4 94.3 95.2 1.0%
Total 614.6 620.8 627.1 633.6 640.3 647.3 654.4 661.7 669.3 677.0 685.0 693.2 1.1%
North America aerospace plastics in other end-use industries is anticipated to increase in terms
of volume from 627.1 tons in 2016 to 693.2 tons in 2025, growing at 1.1% CAGR. However,
Europe is anticipated to grow at highest CAGR of 1.4% over the forecast period.
TABLE 63 Global aerospace plastics market revenue in other end-use industries, by

region, 2014 - 2025, (USD Million)
CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
North
14.0 14.1 14.2 14.3 14.4 14.6 14.7 14.8 14.9 15.0 15.1 15.2 0.8%
America
Europe 12.4 12.4 12.5 12.6 12.7 12.8 13.0 13.1 13.2 13.3 13.5 13.6 0.9%
Asia
4.5 4.6 4.7 4.8 4.9 5.0 5.0 5.1 5.2 5.3 5.4 5.6 1.9%
Pacific
RoW 3.3 3.3 3.3 3.4 3.4 3.4 3.5 3.5 3.6 3.6 3.7 3.8 1.5%
Total 14.0 14.1 14.2 14.3 14.4 14.6 14.7 14.8 14.9 15.0 15.1 15.2 0.8%

Forecasts to 2025
Chapter 6 Aerospace Plastics Regional Outlook

6.1 Global aerospace plastics market volume share by region, 2016 & 2025
Europe was the largest market for aerospace plastics accounting for 43.2% of total demand in
2016. North America and Asia Pacific followed Europe accounting for 36.2% and 14.2% of the
market in 2016, respectively.
FIG. 16 Global aerospace plastics market volume share by region, 2016 & 2025
2016 2025
6.4% 5.1%
12.6%
14.2%
43.2% 45.4%
37.0%
36.2%
North America Europe Asia Pacific ROW North America Europe Asia Pacific ROW
The global aerospace plastics market was dominated by Europe in 2016 and is expected to
continue its dominance due to the availability of skilled engineers and glut of investments seen
in research and development. Presence of foreign companies in France which include
European consortiums along with French participants (ATR, EADS, etc.) has significantly
bolstered the European aerospace plastics market.
Due to excessive demand of aerospace plastics in the U.K. and other European regions,
particularly in Germany and France, the European aerospace plastics market is expected to
witness significant growth. The market is likely to grow substantially when it is coupled with
excellent quality of workforce.

Forecasts to 2025
6.2 North America
6.2.1 North America aerospace plastics market estimates and

forecast, 2012-2022, (Tons) (USD Million)
North America aerospace plastics market was 11,524 tons in 2016 and is expected to reach
17,861 tons by 2025, growing at a CAGR of 5.1% from 2017 to 2025. In terms of revenue, the
market was USD 282.6 million in 2016 and is expected to reach USD 453.2 million by 2025,
TABLE 64 North America aerospace plastics market volume and revenue, 2014 - 2025,
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
10,711.4 11,098.4 11,524.0 11,991.6 12,505.1 13,069.3 13,689.1 14,370.6 15,120.3 15,946.0 16,856.3 17,861.0 5.1%
(Tons)
Revenue
(USD 260.0 270.5 282.6 295.8 310.0 325.6 342.5 360.9 381.0 402.9 426.9 453.2 5.5%
Million)
North America was a significant regional aerospace market with high demand in general
aviation aircraft. The global economic downturn has dealt a painful blow chiefly to aviation
manufacturers. However, strong military developments mainly in the U.S. have assisted market
evolution even during the economic slowdown. Innovations in the aerospace sector have
contributed positively to industry growth, leading to its large share in the global aerospace
plastics market.

forecasts, b y application, 2014 - 2025, (Tons) (USD Million)
North America is expected to witness a growing demand for fuel efficient aircrafts in the next six
years on account of rising fuel prices. High replacement rate mainly for regional aircraft is
driving the growth in the matured North America aerospace plastics market. The urge to
modify/replace the existing inefficient aircrafts with fuel efficient aircrafts is expected to augment
market growth.

Forecasts to 2025
TABLE 65 North America aerospace plastics market volume, by application, 2014 -

2025, (Tons)
CAGR
Application 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Aerostructure 6,172.0 6,409.7 6,670.7 6,957.2 7,271.6 7,616.9 7,996.3 8,413.3 8,872.2 9,377.8 9,935.4 10,551.2 5.3%
Components 1,157.3 1,205.7 1,258.9 1,317.2 1,381.1 1,451.2 1,528.3 1,613.0 1,706.2 1,808.9 1,922.3 2,047.6 5.7%
Equipment,
System & 2,185.9 2,263.6 2,349.0 2,442.9 2,546.0 2,659.3 2,783.7 2,920.6 3,071.2 3,236.9 3,419.7 3,621.4 5.0%
Support
Cabin
1,157.3 1,215.1 1,278.3 1,347.4 1,423.1 1,506.1 1,597.3 1,697.5 1,807.8 1,929.5 2,064.0 2,212.7 6.4%
Interiors
Propulsion
1,285.8 1,321.6 1,361.3 1,405.0 1,453.1 1,506.1 1,564.4 1,628.5 1,698.9 1,776.4 1,861.6 1,955.4 4.2%
Systems
Satellites 514.3 519.6 525.7 532.6 540.4 549.1 558.7 569.3 580.8 593.4 607.0 621.8 2.0%
Construction
and Insulation 385.8 387.7 390.1 393.0 396.3 400.1 404.3 408.8 413.8 419.2 424.9 431.0 1.2%
Components
Total 12,858.4 13,323.0 13,833.9 14,395.2 15,011.7 15,688.9 16,433.0 17,251.0 18,151.1 19,142.2 20,234.9 21,441.1 5.1%
The U.S. was traditionally viewed as one of the prominent centers of the global commercial
aircraft market. The North American airline industry witnessed a growth of 2% in the past three
years in terms of traffic and capacity. Higher purchase plans were found in the major U.S.
centers, which impacted the aerospace plastics demand profoundly.
TABLE 66 North America aerospace plastics market revenue, by application, 2014 -

2025, (USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Aerostructure 137.4 143.7 150.6 158.1 166.2 175.1 184.7 195.3 206.8 219.4 233.2 248.3 5.8%
Components 28.6 29.9 31.3 32.8 34.5 36.3 38.2 40.3 42.7 45.2 48.0 51.1 5.7%
Equipment,
System & 49.1 51.0 53.2 55.5 58.0 60.8 63.8 67.0 70.5 74.4 78.6 83.3 5.2%
Support
Cabin
26.2 27.2 28.4 29.7 31.1 32.5 34.2 35.9 37.9 40.0 42.3 44.8 5.3%
Interiors
Propulsion
49.1 51.4 53.9 56.6 59.6 62.8 66.4 70.2 74.4 79.0 84.1 89.6 5.9%
Systems
Satellites 29.4 30.6 31.8 33.1 34.5 36.0 37.7 39.6 41.6 43.7 46.1 48.7 5.0%
Construction
and Insulation 7.4 7.5 7.7 8.0 8.2 8.4 8.7 9.0 9.3 9.7 10.0 10.4 3.4%
Components
Total 327.2 341.4 356.9 373.8 392.1 412.0 433.7 457.3 483.2 511.4 542.3 576.2 5.6%

Forecasts to 2025

forecasts, b y end -use, 2014 - 2025, (Tons) (USD Million)
TABLE 67 North America aerospace plastics market volume, by end-use, 2014 - 2025,
(Tons)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Commercial
& freighter 8,669.1 9,015.9 9,403.6 9,836.1 10,318.1 10,854.6 11,451.7 12,115.8 12,854.9 13,677.6 14,594.0 15,615.6 5.9%
aircrafts
Military
1,157.3 1,180.4 1,204.5 1,229.5 1,255.6 1,282.7 1,310.9 1,340.3 1,370.9 1,402.7 1,435.8 1,470.2 2.3%
aircrafts
Rotary
945.1 989.5 1,036.3 1,085.6 1,137.6 1,192.5 1,250.3 1,311.3 1,375.7 1,443.7 1,515.4 1,591.2 4.9%
aircrafts
General
1,472.3 1,516.5 1,562.4 1,610.2 1,660.0 1,711.8 1,765.7 1,821.8 1,880.3 1,941.2 2,004.7 2,070.9 3.2%
aviation
Others 614.6 620.8 627.1 633.6 640.3 647.3 654.4 661.7 669.3 677.0 685.0 693.2 1.1%
Total 12,858.4 13,323.0 13,833.9 14,395.2 15,011.7 15,688.9 16,433.0 17,251.0 18,151.1 19,142.2 20,234.9 21,441.1 5.1%
TABLE 68 North America aerospace plastics market revenue, by end-use, 2014 - 2025,
(USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Commercial
& freighter 239.6 251.5 264.5 278.7 294.0 310.8 329.0 349.0 370.8 394.7 421.0 449.9 6.2%
aircrafts
Military
36.0 36.3 36.6 37.0 37.3 37.7 38.0 38.4 38.8 39.2 39.6 40.0 1.0%
aircrafts
Rotary
18.7 19.5 20.4 21.2 22.1 23.1 24.1 25.1 26.3 27.5 28.8 30.2 4.5%
aircrafts
General
18.8 20.0 21.2 22.6 24.2 25.9 27.8 30.0 32.3 34.9 37.8 40.9 7.7%
aviation
Others 14.0 14.1 14.2 14.3 14.4 14.6 14.7 14.8 14.9 15.0 15.1 15.2 0.8%
Total 327.2 341.4 356.9 373.8 392.1 412.0 433.7 457.3 483.2 511.4 542.3 576.2 5.6%

Forecasts to 2025
6.3 Europe
6.3.1 Europe aerospace plastics market estimates and forecast, 2014

- 2025, (Tons) (USD Million)
Europe aerospace plastics demand was 9,662.5 tons in 2016 and is expected to reach 14,554.1
was USD 236.1 million in 2016 and is expected to reach USD 364.5 million by 2025, growing at
a CAGR of 5.0% from 2017 to 2025.
TABLE 69 Europe aerospace plastics market volume and revenue, 2014 - 2025, (Tons)
(USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
8,975.2 9,305.4 9,662.5 10,048.6 10,466.3 10,918.5 11,408.1 11,938.6 12,513.9 13,138.3 13,816.6 14,554.1 4.7%
(Tons)
Revenue
(USD 219.1 226.9 236.1 246.0 256.7 268.5 281.2 295.1 310.2 326.7 344.7 364.5 5.0%
Million)
Europe as a significant regional market has been dominating the commercial aircraft segment of
the aerospace market for the past two to three years. The aerospace industry requires skilled
workforce with an expertise in design and development of complex airplane structures.
European countries have required engineering expertise which is expected to boost the market
over the forecast period.
Growing use of aerospace plastics in Germany, France, UK, and other European regions for
airplane manufacturing is expected to enhance growth of the overall aerospace plastics market.
The region is expected to witness increase in number of aircraft manufacturing sites mostly in
France & Germany.

Forecasts to 2025
6.3.2 Europe aerospace plastics market estimates and forecasts, by

application, 2014 - 2025, (Tons) (USD Million)
TABLE 70 Europe aerospace plastics market volume, by application, 2014 - 2025,
(Tons)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Aerostructure 5,159.8 5,361.9 5,580.4 5,816.7 6,072.3 6,349.0 6,648.8 6,973.7 7,326.3 7,709.2 8,125.5 8,578.4 5.0%
Components 969.7 1,010.9 1,055.5 1,103.7 1,155.9 1,212.4 1,273.6 1,340.0 1,412.1 1,490.4 1,575.7 1,668.5 5.3%
Equipment,
System & 1,940.4 2,008.5 2,082.1 2,161.6 2,247.7 2,340.9 2,441.8 2,551.0 2,669.4 2,797.9 2,937.4 3,088.9 4.6%
Support
Cabin
1,087.1 1,140.5 1,198.2 1,260.6 1,328.0 1,401.1 1,480.4 1,566.4 1,660.0 1,761.7 1,872.6 1,993.5 5.9%
Interiors
Propulsion
896.4 920.5 946.5 974.7 1,005.1 1,038.1 1,073.7 1,112.1 1,153.7 1,198.7 1,247.3 1,299.9 3.7%
Systems
Satellites 350.2 354.1 358.4 363.1 368.1 373.5 379.3 385.5 392.1 399.0 406.4 414.1 1.7%
Construction
and Insulation 370.6 374.2 378.1 382.4 387.0 391.9 397.1 402.7 408.6 414.8 421.3 428.0 1.4%
Components
Total 10,774.2 11,170.6 11,599.2 12,062.8 12,564.2 13,107.0 13,694.7 14,331.6 15,022.2 15,771.8 16,586.0 17,471.3 4.7%
France has number of institutions providing aerospace engineering programs including Institut
Supérieur de l'Aéronautique et de l'Espace (ISAE) and École Nationale de l'Aviation Civile
(ENAC) in Toulouse and École Nationale Supérieure de Mécanique et d'Aérotechnique
(ENSMA) in Poitiers.
Furthermore, French aerospace companies invested more than 15% of their turnover in R&D
activities. These initiatives help provide quality workforce to the aerospace industry in France
which helps market growth.

Forecasts to 2025
TABLE 71 Europe aerospace plastics market revenue, by application, 2014 - 2025, (USD
Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Aerostructure 115.8 120.6 125.8 131.5 137.7 144.4 151.7 159.7 168.4 177.9 188.3 199.7 5.4%
Components 24.1 25.1 26.2 27.3 28.5 29.9 31.4 33.0 34.7 36.7 38.8 41.1 5.2%
Equipment,
System & 41.4 42.8 44.4 46.2 48.1 50.1 52.3 54.8 57.4 60.3 63.5 67.0 4.8%
Support
Cabin
22.1 22.9 23.7 24.7 25.7 26.8 28.1 29.4 30.8 32.4 34.2 36.1 4.9%
Interiors
Propulsion
41.4 43.1 45.0 47.1 49.4 51.8 54.5 57.4 60.6 64.1 67.9 72.1 5.5%
Systems
Satellites 24.8 25.6 26.5 27.5 28.6 29.7 31.0 32.3 33.8 35.5 37.2 39.2 4.5%
Construction
and Insulation 6.2 6.3 6.5 6.6 6.8 7.0 7.2 7.4 7.6 7.8 8.1 8.4 3.0%
Components
Total 275.7 286.5 298.2 310.9 324.7 339.7 356.1 373.9 393.4 414.7 438.0 463.5 5.1%
6.3.3 Europe aerospace plastics market estimates and forecasts, by

end-use, 2014 - 2025, (Tons) (USD Million)
TABLE 72 Europe aerospace plastics market volume, by end-use, 2014 - 2025, (Tons)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Commercial
& freighter 7,671.2 7,985.8 8,329.1 8,704.0 9,113.0 9,559.6 10,047.1 10,579.6 11,161.5 11,797.7 12,493.8 13,255.9 5.4%
aircrafts
Military
923.3 940.0 957.2 975.0 993.4 1,012.5 1,032.2 1,052.7 1,073.8 1,095.7 1,118.4 1,141.9 2.0%
aircrafts
Rotary
564.6 589.4 615.5 643.0 671.8 702.2 734.2 767.8 803.2 840.4 879.7 921.0 4.6%
aircrafts
General
1,169.0 1,204.1 1,240.4 1,278.1 1,317.3 1,357.8 1,399.9 1,443.6 1,488.9 1,536.0 1,584.8 1,635.5 3.1%
aviation
Others 446.1 451.4 457.0 462.7 468.7 474.9 481.3 487.9 494.8 501.9 509.3 516.9 1.4%
Total 10,774.2 11,170.6 11,599.2 12,062.8 12,564.2 13,107.0 13,694.7 14,331.6 15,022.2 15,771.8 16,586.0 17,471.3 4.7%
Some organizations including Office National d'Études et de Recherches Aérospatiales

(ONERA), Centre National d’Etudes Spatiales (CNES), and Comisión Nacional de Regulación
del Transporte (CNRT) actively participate in research activities to develop new products for the
aerospace market. Additionally, favorable government policies and increasing number of
investments are expected to further enhance growth of the aerospace plastics market in

Forecasts to 2025
Europe. Airbus A350 XWB components manufactured at Stade, Germany consist of innovative
wide-body components for structural aerospace applications.
TABLE 73 Europe aerospace plastics market revenue, by end-use, 2014 - 2025, (USD
Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Commercial
& freighter 183.6 191.4 200.0 209.3 219.4 230.4 242.4 255.5 269.8 285.4 302.5 321.3 5.5%
aircrafts
Military
28.8 30.0 31.2 32.6 34.0 35.6 37.4 39.2 41.3 43.6 46.0 48.7 5.2%
aircrafts
Rotary
12.6 12.9 13.3 13.7 14.1 14.6 15.1 15.7 16.3 17.0 17.7 18.4 3.8%
aircrafts
General
38.4 39.7 41.1 42.7 44.4 46.2 48.2 50.4 52.8 55.4 58.3 61.4 4.7%
aviation
Others 12.4 12.4 12.5 12.6 12.7 12.8 13.0 13.1 13.2 13.3 13.5 13.6 0.9%
Total 275.7 286.5 298.2 310.9 324.7 339.7 356.1 373.9 393.4 414.7 438.0 463.5 5.1%
6.4 Asia Pacific
6.4.1 Asia Pacific aerospace plastics market estimates and forecast,

TABLE 74 Asia Pacific aerospace plastics market volume and revenue, 2014 - 2025,
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
3,567.1 3,660.3 3,758.1 3,861.8 3,971.8 4,088.5 4,212.3 4,343.8 4,483.2 4,631.3 4,788.5 4,955.5 3.2%
(Tons)
Revenue
(USD 103.1 105.5 108.4 111.5 114.9 118.7 122.7 127.1 131.9 137.1 142.8 149.0 3.7%
Million)
Asia Pacific aerospace plastics demand was 3,758.1 tons in 2016 and is expected to reach
4,955.5 tons by 2025, growing at a CAGR of 3.2% from 2017 to 2025. In terms of revenue, the
market was USD 108.4 million in 2016 and is expected to reach USD 149 million by 2025,

Forecasts to 2025
Constant change in economic environment of Asia Pacific has significantly impacted the airline
industry during past five years. However, emerging economies in Asia Pacific including China,
India, and Japan are largely fueling the aerospace plastics market owing to emergence aircraft
manufacturing industry in the region.
6.4.2 Asia Pacific aerospace plastics market estimates and

forecasts, b y application, 2014 - 2025, (Tons) (USD Million)
Aircraft components manufactured by Japanese companies are fairly reliable & gaining
popularity across the globe. Expanding military budget along with licensed production of
defense aircrafts have necessitated the demand for aerospace plastics.
TABLE 75 Asia Pacific aerospace plastics market volume, by application, 2014 - 2025,
(Tons)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Aerostructure 2,056.3 2,114.0 2,174.5 2,238.6 2,306.7 2,378.9 2,455.5 2,536.8 2,623.1 2,714.7 2,812.1 2,915.5 3.4%
Components 384.1 395.9 408.3 421.4 435.3 450.1 465.7 482.3 500.0 518.7 538.6 559.8 3.6%
Equipment,
System & 729.3 747.0 765.5 785.2 806.1 828.3 851.8 876.8 903.2 931.3 961.2 992.9 3.0%
Support
Cabin
400.0 415.7 432.2 449.7 468.2 487.9 508.7 530.8 554.3 579.3 605.9 634.1 4.4%
Interiors
Propulsion
356.3 362.5 369.0 376.0 383.3 391.2 399.5 408.3 417.6 427.5 438.0 449.1 2.2%
Systems
Satellites 196.5 198.2 199.9 201.7 203.6 205.6 207.8 210.1 212.6 215.2 217.9 220.7 1.1%
Construction
and Insulation 159.7 160.8 162.0 163.3 164.6 166.1 167.6 169.3 171.0 172.8 174.7 176.7 1.0%
Components
Total 4,282.1 4,394.0 4,511.4 4,635.8 4,767.9 4,908.0 5,056.7 5,214.4 5,381.8 5,559.6 5,748.3 5,948.8 3.2%
Some of the aerospace plastics companies located in India, namely, Tata Advanced Materials
Limited and Hindustan Aeronautics Limited have a substantial market share in the Indian
market.
These companies are known for their quality products even in other regions such as the U.S.
and Europe. The increasing number of suppliers particularly in emerging economies coupled
with supportive government schemes is expected to bolster growth of aerospace plastics
market.

Forecasts to 2025
TABLE 76 Asia Pacific aerospace plastics market revenue, by application, 2014 - 2025,
(USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Aerostructure 54.5 56.1 57.8 59.6 61.6 63.8 66.2 68.8 71.6 74.7 78.0 81.7 4.0%
Components 11.4 11.7 12.0 12.4 12.8 13.2 13.7 14.2 14.8 15.4 16.1 16.8 3.9%
Equipment,
System & 19.5 19.9 20.4 20.9 21.5 22.1 22.8 23.6 24.4 25.3 26.3 27.4 3.4%
Support
Cabin
10.4 10.6 10.9 11.2 11.5 11.9 12.2 12.7 13.1 13.6 14.2 14.7 3.5%
Interiors
Propulsion
19.5 20.0 20.7 21.4 22.1 22.9 23.8 24.7 25.8 26.9 28.1 29.5 4.1%
Systems
Satellites 11.7 11.9 12.2 12.5 12.8 13.1 13.5 13.9 14.4 14.9 15.4 16.0 3.2%
Construction
and Insulation 2.9 2.9 3.0 3.0 3.0 3.1 3.1 3.2 3.2 3.3 3.4 3.4 1.7%
Components
Total 129.8 133.2 136.9 140.9 145.4 150.2 155.4 161.1 167.3 174.1 181.4 189.5 3.8%
6.4.3 Asia Pacific aerospace plastics market estimates and

forecasts, b y end -use, 2014 - 2025, (Tons) (USD Million)
TABLE 77 Asia Pacific aerospace plastics market volume, by end-use, 2014 - 2025,
(Tons)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Commercial
& freighter 3,390.6 3,487.2 3,590.1 3,699.6 3,816.1 3,940.2 4,072.2 4,212.6 4,362.2 4,521.4 4,691.0 4,871.6 3.5%
aircrafts
Military
402.5 408.6 413.5 418.5 423.8 429.3 435.0 440.8 446.9 453.2 459.7 466.5 1.4%
aircrafts
Rotary
212.8 218.4 224.2 230.1 236.3 242.7 249.3 256.1 263.2 270.5 278.1 285.9 2.7%
aircrafts
General
130.6 133.1 135.6 138.3 141.0 143.8 146.7 149.6 152.7 155.8 159.1 162.4 2.0%
aviation
Others 145.6 146.8 148.0 149.3 150.7 152.1 153.6 155.2 156.9 158.7 160.5 162.4 1.1%
Total 4,282.1 4,394.0 4,511.4 4,635.8 4,767.9 4,908.0 5,056.7 5,214.4 5,381.8 5,559.6 5,748.3 5,948.8 3.2%
Growth of aerospace industry in China is mainly due to financial support by the government for
research and development activities. Japan’s participation in projects such as Boeing 767 and
787 mainly in designing of fuselage structure, wings, and other complicated components is
facilitating growth opportunities for the aerospace plastics market in Asia Pacific. China plays an

Forecasts to 2025
important role in making of the 787 aircraft by developing and manufacturing innovative plastic
components for these aircraft and contributing to weight and emission savings simultaneously.
TABLE 78 Asia Pacific aerospace plastics market revenue, by end-use, 2014 - 2025,
(USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Commercial
& freighter 100.6 103.4 106.4 109.6 113.2 117.1 121.3 125.9 130.9 136.3 142.3 148.7 3.9%
aircrafts
Military
14.8 15.2 15.7 16.2 16.8 17.4 18.1 18.8 19.6 20.5 21.5 22.5 4.2%
aircrafts
Rotary
5.4 5.5 5.6 5.6 5.7 5.9 6.0 6.1 6.3 6.5 6.7 6.9 2.6%
aircrafts
General
4.4 4.5 4.6 4.7 4.7 4.9 5.0 5.1 5.3 5.4 5.6 5.8 2.8%
aviation
Others 4.5 4.6 4.7 4.8 4.9 5.0 5.0 5.1 5.2 5.3 5.4 5.6 1.9%
Total 129.8 133.2 136.9 140.9 145.4 150.2 155.4 161.1 167.3 174.1 181.4 189.5 3.8%
6.5 RoW
6.5.1 RoW aerospace plastics market estimates and forecast, 2014 -

2025, (Tons) (USD Million)
RoW aerospace plastics demand was 1,674.9 tons in 2016 and is expected to reach 1,994.7
was valued at USD 63.2 million in 2016 and it is expected to reach USD 71.8 million in 2025,
TABLE 79 RoW aerospace plastics market volume and revenue, 2014 - 2025, (Tons)
(USD Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Volume
1,691.3 1,646.7 1,674.9 1,704.4 1,735.2 1,767.5 1,801.2 1,836.5 1,873.4 1,912.0 1,952.4 1,994.7 2.0%
(Tons)
Revenue
(USD 62.3 62.6 63.2 63.9 64.6 65.4 66.3 67.3 68.3 69.4 70.5 71.8 1.5%
Million)

Forecasts to 2025
Brazil is one of the strongest competitors in manufacturing wide range of aerospace products in
the global market. Embraer is one of the leading aircraft manufacturers located in Brazil and is
expected to fuel the RoW aerospace plastics market.
Embraer ranked third after Airbus and Boeing in 2012 and has grown significantly over the past
two years after the economic turmoil. It has delivered several more rotary aircrafts than its only
competitor, Bombardier.
6.5.2 RoW aerospace plastics market estimates and forecasts, by

application, 2014 - 2025, (Tons) (USD Million)
TABLE 80 RoW aerospace plastics market volume, by application, 2014 - 2025, (Tons)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Aerostructure 974.9 992.5 1,010.8 1,030.0 1,050.0 1,070.9 1,092.7 1,115.5 1,139.3 1,164.2 1,190.3 1,217.5 2.1%
Components 181.7 185.5 189.5 193.6 197.9 202.4 207.0 211.9 217.0 222.4 228.0 233.8 2.4%
Equipment,
System & 345.1 349.7 354.6 359.6 364.9 370.4 376.2 382.3 388.7 395.3 402.3 409.6 1.6%
Support
Cabin
190.0 195.0 200.2 205.5 211.1 217.0 223.0 229.4 236.0 242.9 250.1 257.7 2.9%
Interiors
Propulsion
168.5 169.6 170.8 172.0 173.3 174.7 176.2 177.7 179.3 181.1 182.9 184.7 0.9%
Systems
Satellites 93.2 93.9 94.6 95.4 96.2 97.1 98.0 99.0 100.0 101.0 102.2 103.3 1.0%
Construction
and Insulation 76.7 77.2 77.6 78.1 78.6 79.2 79.8 80.4 81.0 81.7 82.4 83.2 0.8%
Components
Total 2,030.3 2,063.4 2,098.0 2,134.2 2,172.1 2,211.6 2,253.0 2,296.2 2,341.4 2,388.6 2,438.0 2,489.7 1.9%
The supportive policies of the Middle East government have contributed significantly to market
growth in recent years, since the aerospace industry has received a boost in terms of imported
materials and impetus for regional manufacturing. As per the statistics of IATA (International Air
Transport Association), the BRIC nations (Brazil, Russia, India and China) have experienced a
substantial growth in domestic air travel in 2011.
Passenger air traffic has risen as a result of increasing consumer disposable income and the
growing disposition of consumers to opt for luxurious and comfortable travel modes. Brazilian

Forecasts to 2025
companies have well established and integrated distribution network at par with other leading
aerospace companies owing to favorable government regulations and policies.
TABLE 81 RoW aerospace plastics market revenue, by application, 2014 - 2025, (USD
Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Aerostructure 32.9 33.3 33.7 34.2 34.7 35.2 35.8 36.4 37.1 37.8 38.5 39.3 1.8%
Components 6.9 6.9 7.0 7.1 7.2 7.3 7.4 7.5 7.6 7.8 7.9 8.1 1.7%
Equipment,
System & 11.8 11.8 11.9 11.9 12.0 12.1 12.2 12.3 12.4 12.6 12.7 12.9 1.0%
Support
Cabin
6.3 6.3 6.4 6.4 6.5 6.5 6.6 6.7 6.8 6.9 7.0 7.1 1.3%
Interiors
Propulsion
11.8 11.9 12.1 12.2 12.4 12.6 12.8 13.1 13.3 13.6 13.9 14.2 1.9%
Systems
Satellites 7.1 7.1 7.1 7.1 7.2 7.2 7.3 7.4 7.4 7.5 7.6 7.7 1.0%
Construction
and Insulation 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.9 1.9 1.9 1.9 2.0 1.1%
Components
Total 78.3 79.1 79.9 80.8 81.7 82.8 84.0 85.2 86.6 88.0 89.6 91.2 1.5%
6.5.3 RoW aerospace plastics market estimates and forecasts, by

end-use, 2014 - 2025, (Tons) (USD Million)
TABLE 82 RoW aerospace plastics market volume, by end-use, 2014 - 2025, (Tons)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Commercial
& freighter 614.6 627.5 641.3 656.0 671.8 688.6 706.5 725.5 745.9 767.5 790.5 815.0 2.7%
aircrafts
Military
167.9 169.4 171.0 172.7 174.4 176.2 178.1 180.0 182.0 184.1 186.3 188.6 1.1%
aircrafts
Rotary
124.5 126.8 129.3 131.8 134.4 137.1 140.0 142.9 145.9 149.0 152.2 155.6 2.1%
aircrafts
General
1,037.5 1,053.0 1,069.0 1,085.5 1,102.4 1,119.9 1,137.8 1,156.2 1,175.2 1,194.7 1,214.7 1,235.4 1.6%
aviation
Others 85.9 86.7 87.4 88.2 89.0 89.9 90.7 91.6 92.5 93.4 94.3 95.2 1.0%
Total 2,030.3 2,063.4 2,098.0 2,134.2 2,172.1 2,211.6 2,253.0 2,296.2 2,341.4 2,388.6 2,438.0 2,489.7 1.9%

Forecasts to 2025
Growing demand for helicopters and drones owing to political instability is expected to fuel
demand for aerospace plastics over the forecast period. Moreover, increasing disposable
income among consumers is expected to propel passenger traffic, thereby driving purchase of
new airplanes. Thus, economic growth, particularly in Middle East, is expected to drive the
aviation industry therefore augmenting demand for aerospace plastics over the forecast period.
TABLE 83 RoW aerospace plastics market revenue, by end-use, 2014 - 2025, (USD
Million)
CAGR
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017-
25)
Commercial
& freighter 15.3 15.3 15.5 15.6 15.7 15.9 16.0 16.2 16.4 16.7 16.9 17.2 1.2%
aircrafts
Military
8.0 8.0 8.1 8.2 8.3 8.4 8.5 8.6 8.7 8.8 9.0 9.1 1.4%
aircrafts
Rotary
4.2 4.2 4.3 4.3 4.4 4.5 4.5 4.6 4.7 4.8 4.9 5.0 1.8%
aircrafts
General
47.7 48.2 48.7 49.3 50.0 50.7 51.4 52.3 53.2 54.1 55.1 56.2 1.6%
aviation
Others 3.3 3.3 3.3 3.4 3.4 3.4 3.5 3.5 3.6 3.6 3.7 3.8 1.5%
Total 78.3 79.1 79.9 80.8 81.7 82.8 84.0 85.2 86.6 88.0 89.6 91.2 1.5%

Forecasts to 2025
Chapter 7 Competitive Landscape

7.1 Hyosung Corporation
7.1.1 Compan y Overview

Hyosung Corporation, founded in 1966, is a South Korean conglomerate that operates in
various fields such as chemical industry, information end-use, construction, trade and industrial
machinery. The company is headquartered at Seoul, South Korea. Hyosung’s operations are
categorized into its business segments namely: Textiles, Industrial materials, Chemicals, Power
& Industrial systems, Construction, Trading and Information & Communication among other
affiliated businesses. As of 2016, the company has presence in Americas, Europe, Asia Pacific
and Africa with over 50 sales and production sites spanning across 130 countries. The
company’s industrial materials segment is responsible for the production and marketing of fiber
plastics intended for aerospace applications.
7.1.2 Financial Performance
2014 2015
USD 7.61 Billion (Overall sales) USD 7.16 Billion (Overall sales)
Note: 1USD = 1121.4 South Korean Won
7.1.3 Product Benchmarkin g
Product Application
Tansome Carbon Fiber H2250-6K/H2250-
Primary & secondary aero-structures, interiors and brake discs
12K/H2250-24K/H3055-12K
7.1.4 Strategic Initiatives
 In December 2013, Hyosung announced its plans to expand its polypropylene facility in
Ulsan by 300,000 tons with an investment of 280 billion won (USD 268.14 million)

Forecasts to 2025
7.2 Kaman Aerospace Corporation

Kaman Aerospace Corporation, founded in 1945, is a U.S. based aerospace company. The
company is headquartered at Bloomfield, Connecticut. The company’s operations are divided
into two business segments Industrial Distribution and Aerospace. As of 2016, the company
employs around 5000 personnel in industrial distribution segment across 241 sites and 5
distribution centers in U.S., Mexico, Canada and Puerto Rico. Kaman aerospace division
employs around 2,600 personnel across its facilities in U.S., Mexico and Europe. The
company’s aerospace division manufactures aero-structures, composite structures, safe and
arm fusing devices, helicopter systems and components and self-lube airframe bearings. Some
of the major customers of the company include Bell Helicopter, The Boeing Company, Airbus,
U.S. Air Force and Sikorsky Aircraft Corporation.
2014 2015 2016

USD 633 Million (aerospace USD 597.6 Million (Aerospace USD 702.1 Million (Aerospace
division) division) division)
7.2.3 Product Benchmarking
Product Application
KAron B Fuselage attachments, main and nose landing gear, uplocks, jet engine attachments
and supports
KAron BX Flight controls, landing gear joints, fuel controls and shock strut bearings
KAron V Flap attachment mechanisms, fairings, aircraft door, actuators and landing gear shock
struts
KAron VS Primary and secondary flight control hinges, flap carriages, slat and flap track rollers
KAron F Spherical bearings, landing gear sleeves and track rollers
Composite structures Design, engineering, manufacture and testing of fiber reinforced polymer composites for
(service) flight controls, aileron assemblies and winglets
 In September 2014, Karman Corporation announced the sale of its subsidiary Kaman
Aerospace Corporation’s manufacturing facility at Connecticut to TD Development LLC.

Forecasts to 2025
 In April 2014, Kaman Corporation completed B.W. Rogers Company acquisition through
its wholly owned subsidiary Kaman Fluid Power LLC.
 In May 2014, Kaman announced the opening of its new tooling and manufacturing
facility in Lancashire, UK. The facility is built in an area of 34,000 square-feet and is
slated for expansion. The area of the facility would be increased to 64,000 square-feet.
 In April 2014, Kaman announced the opening of its new bearings facility in Hochstadt,
Germany.
7.3 Mitsubishi Heavy Industries Limited (MHI)

Mitsubishi Heavy Industries Limited (MHI) is a Japan based multinational company engaged in
the business of engineering, electrical equipment and electronics. The company was founded in
1964 and headquartered at Tokyo, Japan. The company operates as a subsidiary of Mitsubishi
Group. Mitsubishi Heavy Industries’ product portfolio includes air conditioners, aircraft &
aerospace components, power generation equipment, automotive components, machine tools,
hydraulic equipment, forklifts, missiles, ships. The company operates through its business
segments namely: Shipbuilding & Ocean Development, Power Systems, Machinery & Steel
Infrastructure Systems, Aerospace Systems, General Machinery & Special Vehicles and Others.
Mitsubishi’s Aerospace Systems division is responsible for the manufacturing and marketing of
composites intended for aerospace systems. The company’s aerospace facilities are located at
Nagoya and Komaki, in Japan.
2014 2015
USD 4.77 Billion (Commercial Aviation & Transportation USD 4.94 Billion (Commercial Aviation & Transportation
Systems) Systems)
Note: 1USD = 111.11 Japanese Yen
Product Application
Wingbox of Boeing 787
Composite aero-structures Fuselage of Boeing 777

Fuselage and cargo doors of Boeing 767

Forecasts to 2025
Inboard flaps and center wing of Boeing 747

Inboard flaps of Boeing 737
 In August 2014, Mitsubishi Heavy Industries Ltd (MHI), IHI Corporation and
Development Bank of Japan Inc. have signed a three-way agreement on investments
intended for establishment of a new joint subsidiary in the name of Mitsubishi Heavy
Industries Aero Engines Ltd., on October in same year. The new company is intended
for the production of commercial aerospace engines.
 In August 2014, Mitsubishi Heavy Industries Ltd. announced to increase the production
of composite wing boxes for Boeing 787. The increase in production capacity is
expected to increase the company’s production rate of wing boxes from 10 to 14
shipsets per month by 2016.
 In December 2012, MHI entered into an agreement with United Technologies
Corporation for Pratt & Whitney Power Systems’ acquisition
7.4 Premium Aerotec GmbH

Premium Aerotec GmbH is a subsidiary company of EADS was established in 2009. Premium
Aerotec is engaged in aerospace business developing production systems and structures such
as fuselage and wing & high light systems for military and commercial aircrafts construction.
The company uses composites of carbon fiber, titanium and aluminum in developing its product
portfolio. As of 2014, the Company is headquartered at Augsburg, Germany and employees
over 8000 people having manufacturing facilities in Augsburg, Bremen, Laupheim, Nordenham,
Varel and Ghimbav.
2014 2015
USD 2.28 Billion (Overall Sales) USD 2.14 Billion (Overall Sales)

Forecasts to 2025
Product Application
It manufactures cargo doors for all types of Airbus using carbon fiber composites.
The company manufactures center section for Eurofighter’s fuselage. It also
Fuselage
manufactures big fuselage components for military airlifter. The company is also
responsible for manufacturing pipe systems for mid and aft sections
The company manufactures interior and exterior flap tracks for the big Airbus types
Wings & High Lift Systems
and all inner flaps tracks for the smaller models
 In September 2012, Premium Aerotec in collaboration with Boeing developed a wing

spar with a sine wave-shaped web from carbon fiber composites (CFC) for significant
reduction in weight of the component as compared to the standard spars which has
discretely reinforced even webs. This initiative would help Premium Aerotec in reducing
the number of components used along with reduction in production assembly steps and
maintenance costs
7.5 Saudi Basic Industries Corporation (SABIC)

SABIC, established in 1976, is a petrochemical manufacturer based in Riyadh, Saudi Arabia.
The company is a public limited company and 70% of its shares are held by the Saudi Arabian
government while 30% owned by private investors in Saudi Arabia & countries of the Gulf
Cooperation Council.
The company operates through six business units including polymers, chemicals, performance
chemicals, innovative plastics, metals. The company’s manufacturing and sales facilities are
managed by four regional offices located in Asia, Africa, Middle East, the Americas and Europe.
The company has more than 40,000 employees over 50 countries and owns over 10,500 patent
portfolio filings as of 2014.
The chemicals division of the company offers a number of products including olefins,
oxygenates, aromatics, industrial gases, glycol and linear alpha olefins. In addition it
manufactures various chemical intermediates including caustic soda, vinyl chloride monomer
and ethylene dichloride.

Forecasts to 2025
Plastics division of the company offers high performance metallocene polyethylene and PVC,
polyester and polyolefins. The company serves agriculture industry by providing various
nutrients such as urea, ammonia and phosphate. SABIC’s innovative plastic unit caters to
aerospace industry providing advance material end-use for military and commercial aircrafts.
2014 2015
USD 50.2 Billion (Overall Sales) USD 39.5 Billion (Overall sales)
Note: 1 USD = 3.75 Saudi Riyal
Product Application
LEXAN Resin
ULTEM Resin
ULTEM Foam Used in cabin interiors
ULTEM Aerospace and Transport Resin
LEAXN FST Resin
 In May 2014, SABIC entered into joint venture with Korea’s SK Global Chemical for
manufacturing high-performance polyethylene products in order to expand consumer
base and company business in Asia
 In April 2014, SABIC’s Innovative Plastic business unit had launched two innovative
LEXAN sheet solution products for aircraft interiors material which would help in cutting
down the weight & costs and increase sustainability and safety with optimized flying
experience.
 In May 2012, SABIC’s Innovative Plastic business unit introduced ULTEM Resin along
with Fused Deposition Modeling (FDM) end-use from Stratasys, Inc., to produce
customize parts quickly and cost effectively for aircraft interiors.
 In September 2012, SABIC had launched Thermoformable Lexan Sheet for outstanding
flame-smoke-toxicity performance, opacity in aircraft window shades

Forecasts to 2025
7.6 SGL Carbon SE

SGL Carbon SE was established in 1992 and headquartered at Wiesbaden, Germany with more
than 30 manufacturing units situated across the globe which includes Europe, North America
and Asia. The company has three major business units including performance products,
graphite materials & systems, and composites- fibers and materials.
The company employees more than 6000 people worldwide and manufactures products from
carbon such as graphite and carbon electrodes, other graphite material and systems, carbon
fiber and composites. HITCO Carbon Composites, Inc., a subsidiary company of SGL Carbon
SE, caters to aerospace industry for aero-structures and composite materials.
2014 2015 2016

USD 320.4 Million (Composites - USD 353.7 Million (Composites - USD 343.1 Million (Composites -
Fibers & Materials segment Fibers & Materials segment Fibers & Materials segment
revenue) revenue) revenue)
Note: 1 USD = 0.93 Euro
Product Application
Aero-structures Used in AFT Fuselage and Tail cone structures for military and commercial aircrafts.
 In 2012, HITCO Carbon Composites, Inc., executed an agreement with Boeing

Commercial Airplanes for manufacturing and supplying of Empennage Rib Chords to
Boeing 777

Forecasts to 2025
7.7 Tech-Tool Plastics Inc.

Tech-Tool Plastics, Inc. was established in 1982 and is headquartered at Fort Worth, Texas.
The company’s first business venture was designing plaster mockups and precision fiberglass
aircraft tooling for Bell and Lockheed Martin helicopters. Tech-Tool Plastics, Inc. designs and
manufactures complete range of custom and standard windows for replacement of helicopter
windows. The company also manufactures replacement windows for Robinson, Bell, MD
Helicopters Eurocopter, and Schweizer.
2014 2015
USD 5.6 Million (Overall Sales) USD 5.18 Million (Overall Sales)
Product Application
Bell 204, 205, 212,214, 412, UH1

Bell 205A, B,L,L1, L3,L4,
Bell Helicopters
Bell 407
Bell OS58A, A+,C
Eurocopter Alouette II/Lama Eurocopter
Eurocopter AS350,355Eurocopter
Used for helicopter
EC120B, EC130B4 replacement windows
MD Helicopters 500C, D,E,F,FF
MD Helicopters MD Helicopters 600N
MD Helicopters OH6
Robinson R22
Robinson Helicopters
Robinson R44
Schweizer Helicopters Schweizer 269, 300, TH55A

Forecasts to 2025
7.8 Toho Tenax Co. Ltd.

Toho Tenax Co. Ltd. was founded in 1934 and involved in the business of manufacturing carbon
fibers. The company is a part of Teijin Group and is headquartered at Tokyo, Japan. The
company has manufacturing facilities located at Shizuoka and Gifu with overseas offices in
Shanghai and Taiwan. Toho Tenax has operations and sales facilities located across U.S.,
Germany and Singapore. Various products offered by the company include carbon fiber,
oxidized PAN fiber, and advanced composite material. The company serves wide variety of
sectors including aerospace and aircraft, sports and leisure goods, and industrial.
2013 2014
USD 6.24 Billion (Overall Sales) USD 6.56 Billion (Overall Sales)
Note: 1USD = 119.77 Japanese Yen
Product Application
Tenax Main wings, tail units, fuselages, ailerons, rudders, elevators, beams, motor cases and floor
Thermoplastics panels
 In January 2016, Toho Tenax Co., Ltd. announced today the renewal of its long-term
contract to supply Pyromex, an oxidized PAN fiber (OPF) to UTC Aerospace Systems in
order to strengthen its business
 In January 2016, Toho Tenax Co., Ltd., developed technologies for innovative
microwave carbonization and plasma surface treatment, in order to help energy and
CO2 emissions saving production of automobiles, high-speed railcars and aircrafts
through increased use of carbon fiber reinforced plastic (CFRP)
 In July 2013, Toho Tenax Co. Ltd. formed a new subsidiary Toho Tenax Singapore Pte.
Ltd. to manufacture and markets company’s carbon fiber products in India, Singapore,
Thailand, Vietnam and Oceania. The new company serves as a base for Toho Tenax’s
operations in these markets

Forecasts to 2025
7.9 Toray Carbon Fibers America Inc.

Toray Carbon Fibers America Inc. headquartered at Decatur, Alabama, and is a part of Toray
Industries Inc. The company produces polyacrylonitrile based carbon fibers. Its first
manufacturing plant was established in 1999 in Alabama. The company has production and
distribution units located across U.S., Europe and Japan.
Toray’s company’s product portfolio is bifurcated among its business segments, namely, fibers
& textiles (nylon, polyester, acrylic fibers, PPS fibers, and yarns), plastics & chemicals (plastics,
chemicals, PLA resin, PPS resin and films, PBT resin), IT-related products, carbon fiber
composite products, environment & engineering and life science & other services.
2014 2015
USD 1.43 Billion (Carbon Fiber Composite Materials) USD 1.68 Billion (Carbon Fiber Composite Materials)
Note: 1 USD =111.1 Japanese Yen
Product Application
TORAYCA Motor casings, ailerons, rudders, elevators, beams, and floor panels
TORAYCA PREPREG Tail units and fuselages
TORAYCA Woven Fabrics Inboard flaps and seats
7.10 Zoltek Companies, Inc.

Zoltek Companies, Inc. is involved in the development, manufacturing and marketing of carbon
fiber used in various applications. The company caters to various sectors such as lightweight
automobiles, alternative energy, wind energy, oil exploration and infrastructure. The company
sells commercial grade carbon fibers under the brand name PANEX and oxidized acrylic fiber
under brand name of PYRON. The company is headquartered at St. Louis, U.S. and has global
sales offices in Europe, China, India and Korea. Zoltek Companies Inc. has manufacturing
facilities in Texas, Missouri, Hungary, St. Peters, Hungary, Mexico and West Salt lake City.

Forecasts to 2025
2013 2014
USD 140 Million (Overall revenue) USD 140.5 million (Overall revenue)
Product Application
Pyron Used in aircraft brakes.
7.11 BASF

BASF was established in 1865 and is headquartered in Ludwigshafen, Germany. It has a wide
product portfolio ranging from chemicals, performance products, plastics, crop protection
products, coating systems, nutrition, pulp & paper and oil & gas. BASF operates in various
locations including Germany, the U.S., Belgium, Brazil, Canada, Chile, the Netherlands,
Norway, Poland, Portugal, Korea, Japan, India, Malaysia, the UAE, South Africa, and China.
Various business segments of the company include chemicals, agricultural solutions,

performance products, functional materials & solutions, and oil & gas. It has around 113,000
employees working all over the world. The company manufactures plastics under functional
materials & solutions business segment.
2014 2015 2016

USD 19.14 Billion (Functional USD 20.00 Billion (Functional USD 20.23 Billion (Functional
Materials & Solutions segment Materials & Solutions segment Materials & Solutions segment
revenue) revenue) revenue)
Product Application
Divinycell F (by Diab Group) Aircraft interiors such as overhead stow bins, sidewall panels and bulkheads
Structural applications such as cargo containers, pods, floor and other aircraft
Baxxodur
interiors
Ultrason Cabin interiors and seats

Forecasts to 2025
Elastopor & Autofroth Composite load floors

Aircraft interiors such as armrest surfaces, TV housings, window glazing and
Elastollan
puncture resistant life vests
Shock mounts, coil spring isolators, body mounts and NVH (noise, vibration,
Cellasto
harshness) solutions.
 In July 2014, BASF announced the expansion of its innovation campus Asia Pacific in
Shanghai with an investment of EUR 90 million. The expansion includes new set up of
R&D facility and other auxiliary facilities expected to be completed by the end of 2015.
 In January 2014, BASF opened a new Ultrason plant in Yeosu, Korea. The new plant’s
capacity is 6,000 metric tons and is expected to serve the Asia Pacific market
7.12 Evonik Industries AG

Evonik Industries, established in 2007 and headquartered in Germany, mainly deals in specialty
chemicals and caters to the various segments including automotive, plastics, pharmaceutical,
and other industries. The company is indulged in numerous sectors including energy,
chemicals, and real estate, and operates in segments including nutrition & care, resource
efficiency, performance materials, and technology & infrastructure.
As of 2014, the company employed 33,000 people. Its nutrition & care segment offers specialty
chemicals primarily for animal nutrition, consumer goods, and healthcare sectors including
ceramides, amphoteric surfactants, fat chemistry products, quaternary derivatives,
phytosphingosines, organically modified silicones, and superabsorbents. Its resource-efficiency
segment provides high performance materials for environment-friendly as well as energy-
efficient systems to the automotive, paints & coatings, adhesives, and construction with
workforce of about 7,800 people.
Performance material business segment comprises performance intermediates, functional

solutions, agrochemicals & polymer additives, acrylic monomers, and acrylic polymers business
lines as well as Cyplus technology having wide applications in plastics, biofuels, and
agrochemicals. The company’s technology & infrastructure sector comprises site operation,

Forecasts to 2025
utilities & waste, technical services, logistics, process technology, and engineering. As of 2014,
its technology & infrastructure sector already operates 13 sites in Germany and Antwerp,
Belgium, and offers its services at numerous sites worldwide.
The company serves various industries including automotive, adhesives and sealants,
agriculture, construction, coatings, composites, design, electronics and telecommunications,
environment and utilities, mechanical engineering, household care, pharmaceuticals and health,
lifestyle, optics, personal care, petrochemicals, plastics and general industry, printing,
transportation, food & beverage, feed, metal, mining, oil & gas, pulp & paper, and packaging.
The company’s Specialty Materials division is responsible for the production and supplying of
plastic products used in aerospace applications.
2014 2015 2016

USD 4.13 Billion (Performance USD 3.71 Billion (Performance USD 3.50 Billion (Performance
Materials Revenue) Materials Revenue) Materials Revenue)
Product Application
ROHACELL Rotor blades, flaps, belly fairing, engine cowling and landing gear doors
Aircraft cabin components such as sidewall panels, overhead stow bins and
EUROPLEX
cockpit instrument panels
SOLIMIDE Fuselage insulation, duct insulation, avionics bays and cargo liners
VESTAMID Aircraft interior parts and rub strips
Aileron, fuselage, nacelle, leading edge, secondary floor structures and latches
VESTAKEEP
& hinges
 In February 2014, Evonik Industries AG started operations at its new ROHACELL

production facility in Darmstadt, Germany. The new facility was built at an investment of
EUR 6 million and will increase the capacity of the plant by more than 50%

Forecasts to 2025
7.13 Holding Company Composite

Holding Company Composite is headquartered at Moscow in Russia. The company provides
solutions for a wide range of industries which includes aviation, power supply, automobile,
consumer goods, atomic industry, ship building, wind energy, construction, railways, seismic
reinforcement and rocket building. Holding Composite provides a range of products for
aerospace plastic which are light in weight and have high tensile strength in order to increase
the fuel efficiency of aircrafts The company has a vast network of dealers in Singapore, China
and Italy to provide product and services to its customers.
2014 2015
N/A N/A
Note: Holding Company Composite is a privately held company and therefore does not disclose its financial statements
Product Application
Prepreg Cp 22009 Ensures mechanical and physical properties of reinforcing material
Carbon fiber fabric-twill 2/2-1200-3K-200, Ct-
Used in application where more than one fibre is required
12007/12008
Non Crimp Carbon Fiber Fabric Cn-33004 Used in achieving high physical and mechanical properties
Non Crimp Carbon Fiber Fabric Cn-32003 Used in achieving high physical and mechanical properties
Used for reinforcement of composites with synthetic resin and
Carbon Tow Rovilon
pyrocarbon matrices
Carbon Tow VMN Used in reinforcement of composite materials
7.13.4 Strategic In itiatives
 In January 2013, Holding Composite Company and DOW, RUSANCO signed a

memorandum of intent for the manufacturing of carbon fiber intermediates, composite
solution and material in Russia
 In June 2012, Holding Composites formed a joint venture with Rosatom and established
a carbon fiber manufacturing facility of capacity 1500 tones in the Republic of Tatarstan.
The manufacturing facility is expected to commence production by first quarter of 2013

Forecasts to 2025
7.14 Cytec Industries Inc.

Cytec Industries Inc. is headquartered at New Jersey in the U.S. The company has four major
business segments including aerospace materials, additive technologies, industrial materials
and in process separation. The company manufactures and sells products for a range of
industries such as aerospace, agriculture/agrochemicals, automotive, mining, defense,
pharmaceuticals and energy. As of 2014, the company has a global employee base of about
4400 at their 36 sites in 13 countries around the world. Cytec has registered patents of 1800
products as a result of their strong research and development division. The company has its
manufacturing units’ located in Germany, Italy, France, India, Thailand, China and the different
states of the U.S.
2014 2015
USD 2.01 Billion (Overall sales) N/A
Note: Cytec Industries Inc. was acquired by Solvay Group in 2015, and has not reported financials for 2015
Product Application
PAN-based carbon fibers Used in brakes, commercial aircraft and defence systems
Pitch-based carbon fibers Used in brakes, commercial aircraft and defence systems
Thermoset Prepregs Used in primary and secondary structures, engine, nacelles and interiors
Thermoplastic Prepregs Used in primary and secondary structures, engine, nacelles and interiors
Used in handling and moulding in order to assure accurate manufacturing of
Tooling prepregs
composites parts
 In December 2015, Solvay merged with Cytec Industries in order to supply advanced
lightweight materials for the aerospace, automotive and mining industries
 In March 2014, Cytec Industries announced completion of construction of carbon fiber
facility at South Carolina

Forecasts to 2025
7.15 Ensinger GmbH

Ensinger GmbH was established in 1966 and is headquartered at Nufringen in Germany. The
company is engaged in production and marketing of compounds, finished parts, semi-finished
products and high performance plastics. As of 2014, Ensinger provides its product and services
to different countries around the world through a network of 27 productions and sales network
with a work force of about 2300 employees through Europe, South America, North America and
Asia.
2014 2015
USD 131.8 Million (Overall sales) USD 115.3 Million (Overall sales)
Note: Ensinger GmbH is a privately held company and therefore does not disclose its financial statements for 2013
Product Application
SINTIMID Used in aerospace industry
TECATRON/TECATRON VF Used in aerospace industry
TORLON Used in aerospace industry
TECASON P VF Used in the aerospace industry due to its high resistant to radiation
TECAPEEK Used in aerospace industry
TECAPEI Used in aerospace industry
 In June 2014 Ensinger introduced low-E film which optimizes thermal separation in
windows, facades and doors

Forecasts to 2025
7.16 Hexcel Corporation

Hexcel Corporation was established in 1948 at California in the U.S. The company has two
business segments which include Engineered Products and Composites Materials. The
Composite Material segment consist of carbon fibers, fiber reinforced matrix material, specialty
reinforcements, honey comb core product line and resins. The Engineered Products segment
consists of high strength and light weight composite structures, specialty machined honey comb
and molded components. The company has a huge network of distributors and agents spread
across France, Italy, Spain, Norway, Germany, Poland, the UK and the U.S. Hexcel has
manufacturing units located in Germany, France, Spain, the UK and different states of the U.S.
The company employs over 6000 personnel in over 19 production facilities across the world.
2014 2015 2016

USD 1.85 Billion (Overall sales) USD 1.86 Billion (Overall sales) USD 2 Billion (Overall sales)
Product Application
HexTow Carbon Fiber Used to manufacture light weight and high strength parts for aviation industry
HexForce Reinforcements Used in aerospace industry due to their high strength, impact resistance and
low weight qualities
HexWeb Honeycombs Used to provide stiffness and strength to aircrafts, impact and shock resistance
HexPly Prepregs for Aerospace Used to manufacture wind turbine and helicopter blades
HexFlow Infusion Resins for Used to manufacture high performance composite parts which are cost
Aerospace efficient
HexTow Carbon Fiber Used to manufacture light weight and high strength parts for aviation industry
HexForce Reinforcements Used in aerospace industry due to their high strength, impact resistance and
low weight qualities
 In April 2014 Hexcel Corporation in collaboration with Zodiac Aerospace introduced L3

passenger seats for aircrafts

Forecasts to 2025
 In April 2012 Hexcel Corporation opened an extension to their Prepreg plant at Stades in
German
7.17 HITCO Carbon Composites

HITCO Carbon Composites was established in 1922 with its headquarters in the U.S. It is a
subsidiary of subsidiary of SGL Group. The company provides a range of products which
includes fiber glass, materials that are high temperature resistant and graphite composites
combined with high insulation products. HITCO has an employee base of about 550 who
assembles, fabricates and inspects composites for aerospace. The company also installed an
automated fiber placement machine and three tape laying machines to increase their production
and meet the growing market demands.
7.17.2 Financial Pe rformance
2014 2015
USD 2.7 Million USD 4.0 Million
Product Application
Floor Beams
Transverse Beams
For use in structure of Boeing 787
Stringers
Aft Fuselage & Tail Cone Structures
 In July 2012 HITCO was awarded a contract with Boeing airplanes for 777 Empennage
Rib Chords

Forecasts to 2025
7.18 Solvay

Solvay, established in 1863, is an international chemical group headquartered in Brussels. The
company operates though two main business segments which include chemicals & plastics.
Solvay produces an array of products for agro feed and food, consumer goods & healthcare,
energy & environment, building & construction, electricity & electronics and industrial
applications. Further, the company is also a provider of flexible packaging for agriculture and
food industries.
Solvay owns more than 119 sites and has more than 26,000 employees across 52 countries.
Solvay has presence in Asia pacific, Latin America and Europe for manufacturing and
distributing its product portfolio across the globe.
Solvay’s specialty polymers division is responsible for the production and marketing of plastics
intended for aerospace applications. Solvay’s Specialty polymer subdivision under their
Advanced Material business division manufactures a wide range of plastic composites and
polymer resins to make high grade plastics which are light in weight and have very high tensile
strength. Solvay has specialty polymer units in France and China. In December 2015, Solvay
merged with Cytec Industries in order to supply advanced lightweight materials for the
aerospace, automotive and mining industries.
2014 2015 2016

USD 3.08 Billion (Advanced USD 4.86 Billion (Advanced USD 4.66 Billion (Advanced
materials segment revenue) materials segment revenue) materials segment revenue)
Note: 1 USD= 0.93 Euro
Product Application
Virantage polyethersulfone Provides toughness and damage tolerance to thermosets composites
Virantage reactive polyethersulfone Used to provide hot-wet performance to epoxy thermosets.
Virantage dichlorodiphenyl sulfone Used as an ingredient for production of sulfone polymer
Virantage diaminodiphenyl sulfone Used as hardner for high performance epoxies

Forecasts to 2025
Torlon polyamide-imide Used as an adhesives for carbon, glass and aramid fibers
AvaSpire polyaryletherketone Used to provide new and unique products
KetaSpire polyetheretherketone Offers chemical resistance to composites systems
Ajedium Films Used for uniform release of the polymer film
Torlon polyamide-imide used to make gears, seals, bushing, washers and fasteners
AvaSpire polyaryletherketone Used to provide unique and new combination
KetaSpire polyetheretherketone Used to provide high chemical resistance
Algoflon DF fine coagulated powders Used in tubing, wire insulation, membranes, cords and packing
Solef 80 000 Used in insulation and soft components production
Fluorolink PFPE Used in ceramic, paint ingredient and polymer modifier
Radel PPSU Used to manufacture catering trolley and other interior plastic
products
 In January 2014, Solvay acquired stake in Aonix Advanced Materials which supplies
ultra-high performance thermoplastics to global customers in the aerospace, automotive,
consumer goods
 In September 2011, Solvay Industries completed the acquisition of Rhodia which was
struggling with poor financial conditions

Forecasts to 2025
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Aerospace Plastics Market Analysis and Segment Forecasts To 2025

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MARKET ESTIMATES & TREND ANALYSIS

Aerospace Plastics Market

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G syndicated research reports, customized research reports, and consulting services. To

Copyright © 2017 Grand View Research Inc., USA

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Chapter 1 Methodology and Scope ................................................. 14

Chapter 2 Executive Summary ........................................................ 20

Chapter 3 Aerospace Plastics Industry Outlook ............................ 25

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Chapter 4 Aerospace Plastics Application Outlook ....................... 50

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Chapter 5 Aerospace Plastics End-Use Outlook............................ 74

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Chapter 6 Aerospace Plastics Regional Outlook ........................... 84

Chapter 7 Competitive Landscape .................................................. 98

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7.1.4 Strategic Initiatives ........................................................................................... 98

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7.9 Toray Carbon Fibers America Inc. .............................................................................. 107

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7.16.2 Financial Performance .................................................................................... 114

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FIG. 1 Aerospace plastics market segmentation 25

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Chapter 1 Methodology and Scope

For forecasting, the following parameters were considered,

 Market leading companies

 To validate our data in terms of accuracy and acceptability

1.2 Research Scope & Assumptions

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 We have profiled key manufacturers and suppliers in the market

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1.3 List of Data Sources

List of secondary sources include but are not limited to:

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List of primary sources include but are not limited to:

 We have considered the following as part of our application segment:

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 We have considered the following polymers in other application, by product:

 We have considered the following in other end-use industries:

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