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Over the past couple of decades, technical advancements in plastics have revolutionized the aerospace industry. Aerospace plastics have become more ubiquitous in aerospace industry owing to its beneficial properties. They play a crucial role in reducing the weight of an aircraft, thereby making it lighter, safer, and more economical. The consumption of aerospace plastics such as CFRP (Carbon fiber reinforced plastic), GRP (Glass reinforced plastic), ARP (Aramid reinforced plastic) is expected to grow due to the growing aviation industry coupled with the unique characteristics it possesses. 
Continuous growth in the aviation industry, admirable strength to weight ratio, and growing adoption of aerospace plastics in aerospace industry are some of the factors driving the aerospace plastics market. The aerospace plastics market is constrained by the EPA (Environmental Protection Agency) and Greenpeace regulations that are imposed upon the production of aerospace plastics. Furthermore, the high cost of the raw materials act as a major barrier to the market. Substantial rise in the military budget chiefly in North America have provided enough growth impetus for the market.
Commercial and freighter end-user segment is one of the major contributors to the aerospace plastics market which is followed by military and rotary aircraft segments. The rise in air traffic owing to rise in disposable income is expected to fuel the airline industry which in turn is expected to enhance market growth of aerospace plastics in the next five years. 
Currently aerospace plastics are widely preferred over the conventional materials like aluminum due to its excellent strength to weight ratio. The fuselage, wings and empennage are some of the segments wherein aerospace plastics are utilized extensively. CFRP, GRP and ARP find growing applications particularly in fuselage, empennage and wing components of aircrafts. In 2011, the airframe and fuselage application segment is estimated to constitute majority of the market share. While the cabin area application segment is estimated to contribute second largest market share in the aerospace plastic market. 
Europe dominated the market owing to the availability of skilled expertise, training schools and financial support provided by the government. Europe acquired maximum market share which was followed by North America and Asia Pacific. Europe and North America are the prominent centers for aviation industry. They have several production bases of leading aircraft manufacturers such as Boeing, Airbus, Bombardier, and Eurocopter wherein the consumption of aerospace plastic is increasing with the growth in the aviation industry. Asia Pacific market is expected to grow significantly, chiefly, due to the availability of cheap labor which is also supported by the increasing air traffic. Embraer has a strong presence in the Brazilian aerospace plastic market. 
The aerospace plastic market is concentrated in nature with the top five companies accounting for more than 70% of the market share in 2012. Toray held the maximum market share followed by Toho Tenax and Mitsubishi Rayon. Zoltek, Hexcel, SGL Carbon and Cytec are few other major players in this market. Some of the manufacturers namely Hexcel Corporation are actively manufacturing aerospace components from the basic raw materials like CFRP, GRP and ARP. These companies are adapting to forward integration by manufacturing final aerospace components utilizing their own raw materials. This in turn is assisting the manufacturers to capture more market share. 
Companies are expanding their presence across different regions to fulfill the augmenting demands of the local aircraft component manufacturers. Toho Tenax has established new administrative office in Singapore with an objective to expand its business in the growing Asia Pacific market. Toray Carbon Fibers has established a new resin compounding base in Indonesia. This resin compounding base was first of its kind by a performance plastic manufacturer in Indonesia. Hexcel announced an extension to its prepregs plant in Spain to double its capacity.
This report by Transparency Market Research analyzes the aerospace plastics market from a global perspective and endeavors to portray a detailed and comprehensive collection of data and its analysis on the basis of various market parameters. The report also strives to compile together a macro-view of the complete demand and supply characteristics of aerospace plastics by providing historical data from 2009 and a forecast of market segmentation until 2018 along with detailed analyses of revenues and volumes.
The aerospace plastics market has been analyzed, estimated and forecasted from consumption side. The study provides historic data of 2011 along with forecast from 2012 to 2018 based on both volumes (Tons) and revenue (USD million). The aerospace plastics market has been segmented on the basis of application, end-user, and geography in order to provide a holistic picture of the market. The study includes drivers and restraints for the aerospace plastics market along with their impact on demand during the forecast period. Additionally, the report includes the study of opportunities available in the market for aerospace plastics on the global as well as regional level. 
In order to provide the users of this report with a comprehensive view of this market, we have included a detailed value chain analysis listing market players for each entity in the value chain. An analysis of Porter’s Five Forces model has also been included to help understand the competitive landscape in the aerospace plastics market. The study encompasses market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The price for common applications of aerospace plastics such as airframe and fuselage, wings and rotor blades,  empennage, flight deck and cockpit, cabin areas and others has been considered, and customized product pricing has not been included.
Key application segments analyzed in this report include airframe and fuselage, wings and rotor blades, empennage, flight deck and cockpit, cabin and other areas (engine and wing box). Aerospace plastics end-user segments, estimated and forecasted in this study include commercial and freighter planes, military, rotary, and general aviation planes. Regional data has been provided for North America (U.S. and Canada), Europe (UK, Germany, Spain, France and others), Asia-Pacific (China, Japan, India and others), and Rest of the World (Brazil, Middle East, Africa and Mexico).
 The aerospace plastics market has been analyzed based on consumption. The market data for each segment is based on consumption volumes and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers. Forecasts have been based on expected demand from application segments, primarily airframe and fuselage, wings and rotor blades, empennage, flight deck and cockpit, cabin areas and others. We have used the bottom-up approach to arrive at the global market, considering individual application and end-user segments and integrating these to arrive at the global market. Application segments and end-user segments have been further bifurcated using the top-down approach to derive the regional product market consumption. The study covers manufacturers of aerospace plastics. Unorganized sectors have not been considered due to unavailability of reliable data. Inflation has not been considered to estimate the forecast for the aerospace plastics market.
The report covers a detailed competitive outlook including market shares and company profiles of key participants operating in the global market. Key players profiled in the report include Hexcel Corporation, Hindustan Aeronautics Ltd., Mitsubishi Heavy Industries Ltd., SABIC, Tata Advanced Materials Ltd., Toho Tenax, Toray Carbon Fibers America Inc., and Zoltek.. Company profiles include attributes such as company overview, financial overview, business strategy, SWOT analysis and recent developments. The market has been segmented as below:
Aerospace Plastics Market: Application Segment Analysis
  • Airframe and fuselage
  • Wings and rotor blades
  • Empennage
  • Flight deck and cockpit
  • Cabin areas
  • Others (Engine and wing box)
Aerospace Plastics Market: End-user Segment Analysis
  • Commercial and freighter planes
  • Military aircrafts
  • Rotary aircrafts
  • General aviation
The report provides a cross-sectional analysis of the above applications segments with respect to the following regions:
  • North America
    • U.S.
    • Canada/li>
  • Europe
    • Germany
    • France
    • UK
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
  • Rest of the World (Brazil, Middle East, Africa and Mexico  

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Aerospace Plastics Market

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