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The objective of the Aircraft Interior Plastics Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Aircraft Interior Plastics Market.
Market Insights – The Aircraft Interior Plastics Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Aircraft Interior Plastics Market are-
Safran SA
Triumph Group
Jamco Corporation
Diehl Group
Collins Aerospace
FACC AG
The Gill Corporation
Encore Aerospace LLC
AIM Altitude.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft Interior Plastics Market value and growth drivers over the trend period of 2022-27. According to the report -
The aircraft interior plastics market was estimated is likely to witness a colossal decline in 2021 to set foot below the level of 2014 in 2021. Previous pandemic/recessions, such as SARS (2003), The Great Recession (2008), and MERS (2015), have led to a strong decline in the aviation industry followed by a quick recovery, forming a V-shape recovery. Considering the same, the COVID-19 is also likely to depict a V-shape recovery; however, the decline would be extremely deeper than any other previous downturns. Stratview Research's estimates advocate the aircraft interior plastics market to reach US$ 3.2 billion in 2027.
Segment Analysis:
Based on Material Type:
The market is firstly segmented based on the material type as epoxy plastics, phenolic plastics, PPS plastics, PEI plastics, PASU plastics, PA plastics, PC plastics, and other plastics. Epoxy and phenolic plastics are the top two materials in the market with their widescale usage in sandwich panels. PASU family also holds significant share among thermoplastics, driven by its usage in interior decorative parts. High-performance thermoplastics, such as PEI and PPS, have also notable share in cabin interiors.
Based on Region:
In terms of region, North America is projected to remain the largest region for aircraft interior plastics during the forecast period. However, its commercial aircraft segment has been experiencing various challenges, mainly due to the grounding of B737 Max severely affecting both linefit as well as retrofit demand. Airlines, particularly with the huge B737 Max fleet, are reluctant to take their other aircraft out for service and are deliberately delaying their interior retrofit programs. These factors have led Europe to surpass North America in the commercial aircraft segment. The resumption in the production of B737 Max coupled with large aircraft fleet size for all commercial and regional aircraft as well as general aviation is likely to maintain North American’s overall lead in the market.
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Critical Questions Answered in the Report
l What are the key trends in the global Aircraft Interior Plastics Market?
l How the Aircraft Interior Plastics Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Aircraft Interior Plastics Market?
l What are the key strategies adopted by the major vendors to lead in the Aircraft Interior Plastics Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Aircraft Interior Plastics Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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