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The Aerospace Thermoplastics Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Aerospace Thermoplastics is the increasing demand for Aerospace Thermoplastics in various industries.
This report on the Aerospace Thermoplastics Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Aerospace Thermoplastics Market. The report intends to present a thorough analysis of the Aerospace Thermoplastics Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Aerospace Thermoplastics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Aerospace Thermoplastics Market are-
Solvay S.A.
Victrex plc
BASF SE
China Lumena New Materials Corporation
DIC Corporation
SABIC
Toray Industries, Inc.
Evonik Industries AG
Arkema S.A.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aerospace Thermoplastics Market value and growth drivers over the trend period of 2022-27. According to the report -
Based on the results of primary interviews coupled with past recovery trends of previous downturns caused by recession and pandemics (Great Recession, SARS, and MERS) suggests that the market for aerospace thermoplastics will mark an overall tick-shaped recovery with a deeper curve than previous downturns. The market participants are still optimistic about the long-term market outlook with a plethora of opportunities across regions. An expected recovery in the GDP to revitalize the positive waves, huge order backlogs by Airbus and Boeing, B737 Max’s approval from FAA and other bodies, and expected entries of COMAC C919 and Irkut MC-21, to assist the prompt recovery of the aerospace thermoplastics market. Other demand boosters are market entries of new aircraft and large aircraft fleet size, helping the market to land close to US$ 0.3-billion-figure in 2026.
Segment Analysis:
Based on Platform Type:
Based on the platform type, the market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, spacecraft, and others. in 2021, all platform types recorded severe declines except spacecraft in the wake of the pandemic. Among all platform types, commercial aircraft, regional aircraft, and general aviation are to be the biggest victims of the pandemic. Military aircraft to record a relatively low decline in the year 2020.
Based on Region:
The market is registering significant changes in regional dynamics in the post-COVID scenario. All regions to mark significant declines in aerospace thermoplastics’ demand in 2021. Despite severely hit by the pandemic, North America is projected to remain the largest market during the forecast period. The USA is anticipated to remain not only the largest market in North America but also in the world throughout the study period (2015-2026), owing to the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators.
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