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The global aerospace plastic market size reached USD 17.93 Billion in 2020 and is expected to register a revenue CAGR of 7.7%, during the forecast period, according to latest analysis by Emergen Research. Increasing demand for lightweight and more fuel-efficient aircraft, as well as rising focus on providing better safety to passengers are some of the major factors driving global aerospace plastic market revenue growth.
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Aerospace Plastic Market Report 2020-2028 www.emergenresearch.com . 2 Increasing demand for lightweight and more fuel-efficient aircraft and need for better safety for passengers are some key factors driving global aerospace plastic market growth
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Market Summary The global aerospace plastic market size reached USD 17.93 Billion in 2020 and is expected to register a revenue CAGR of 7.7%, during the forecast period, according to latest analysis by Emergen Research. Increasing demand for lightweight and more fuel-efficient aircraft, as well as rising focus on providing better safety to passengers are some of the major factors driving global aerospace plastic market revenue growth. The report studies the impact of the COVID-19 pandemic on the Aerospace Plastic market and its crucial segments. The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario. The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Aerospace Plastic market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Aerospace Plastic market landscape. www.emergenresearch.com
MarketSummary • Some Key Highlights From the Report • Polychlorotrifluoroethylene segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing applications in the aerospace industry. Since it is a fluorochemical plastic with a blend of physical and mechanical properties, it can be used in or out of corrosive environments. In addition, it is chemical and fire resistant with a low moisture absorption rate, can tolerate extreme temperatures ranging from -400 °F to +400 °F, and exhibits great electrical properties, making the material ideal for aerospace applications. • Propulsion systems segment is expected to register a significantly robust revenue growth rate over the forecast period as air mobility is evolving at a fast pace, requiring lighter yet safe propulsion technology. Composite material applications in aircraft engines results in lighter weight propeller parts that can withstand high temperatures and impacts. • Europe is expected to account for a considerably robust revenue share over the forecast period as this industry requires a skilled workforce with expertise in the design and development of complex aerospace structures, and countries in Europe have engineering expertise. • Request Free Sample :https://www.emergenresearch.com/request-sample/824 www.emergenresearch.com
Market Summary • Some Key Highlights From the Report • In July 2021, Hexcel Corporation developed a lightweight camera drone structure using Hexcel HexPly carbon fiber prepregs. Hexcel compositions and optimizations of the composite engineering allow the team to reduce the composite structural density by an impressive 42% as compared to similar drones. Ultra-lightweight and merely 32g of the landing gear was put by and cured in the press; whereas, the fuselage was autoclaved and cured by using Hexcel HexPly M901 and HexPly M78.1 prepreg resin systems with a combination of woven and unidirectional carbon fiber reinforcements. • Some major companies in the market report include DuPont de Nemours, Inc., Hexcel Corporation, Premium AEROTEC GmbH, Solvay S.A., PPG Industries, Inc., Evonik Industries AG, BASF SE, Curbell Plastics, Inc., Drake Plastics Ltd., and Saudi Basic Industries Corporation. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/824 www.emergenresearch.com
Market Summary • Applications Outlook (Volume Tons, Revenue, USD Billion; 2018–2028) • Aerostructure • Cabin Interiors • Construction And Insulation Components • Propulsion Systems • Windshields • Aircraft Panels • Satellites • Aircraft Types Outlook (Volume Tons, Revenue, USD Billion; 2018–2028) • Commercial Aircraft • Military Aircraft • Cargo Aircraft • Rotorcrafts • Spaceships • General Aviation • Read More@https://www.emergenresearch.com/industry-report/aerospace-plastic-market
Market Summary • Material Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028) • Polymethyl Methacrylate (PMMA) • Polyether Ether Ketone (PEEK) • Polychlorotrifluoroethylene (PCTFE) • Thermosetting Polyimide • Polyamide-imide (PAI) • Read more https://www.emergenresearch.com/industry-report/aerospace-plastic-market
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