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Aerospace Plastics Market

Aerospace Plastics Market for Fuselage, Wings and Empennage Applications in Commercial Aircrafts, Military Aircrafts, Rotary Aircrafts and General Aviation - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018

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.

    1. Preface

        1.1. Report Description

        1.2. Research Scope

        1.3. Market Segmentation

        1.4. Research Methodology

    2. Executive Summary

    3. Aerospace Plastics - Industry Analysis

        3.1. Introduction

        3.2. Market Drivers

            3.2.1. Excellent strength to weight ratio comparative to aluminium and steel

            3.2.2. Growth and development of aviation industry

            3.2.3. Increased adoption of aerospace plastics in aircraft designs

        3.3. Market Restraints

            3.3.1. Carbon fiber toxicity

            3.3.2. MRO of carbon fibre reinforced plastic incurs high cost

        3.4. Market Opportunities

            3.4.1. Emerging markets and development of eco-friendly composites

        3.5. Pricing Trends

        3.6. Value chain analysis

        3.7. Porter’s five forces analysis

            3.7.1. Bargaining power of suppliers

            3.7.2. Bargaining power of buyers

            3.7.3. Threat from substitutes

            3.7.4. Threat of new entrants

            3.7.5. Degree of competition

        3.8. Market attractiveness analysis of aerospace plastics market by end user

        3.9. Company market share analysis

            3.9.1. Aerospace plastics market, company market share analysis

    4. Aerospace Plastics Market – Application Analysis

        4.1. Global Aerospace Plastic Market: Application Overview

            4.1.1. Global Aerospace Plastic market volumes share, by application, 2011 & 2018

        4.2. Airframe and fuselage

            4.2.1. Global airframe and fuselage aerospace plastic market estimates and forecast, 2011-2018 (Tons) (USD Million)

        4.3. Wings and rotor blades

            4.3.1. Global wings and rotor blades aerospace plastic application market estimates and forecast, 2011-2018 (Tons) (USD Billion)

        4.4. Empennage

            4.4.1. Global empennage aerospace plastic application market estimates and forecast, 2011-2018 (Tons) (USD Million)

        4.5. Flight deck and cockpit

            4.5.1. Global flight deck and cockpit aerospace plastic application market estimates and forecast, 2011-2018 (Tons) (USD Million)

        4.6. Cabin areas

            4.6.1. Global cabin areas aerospace plastic application market estimates and forecast, 2011-2018 (Tons)(USD Million)

        4.7. Others (engine, wing box)

            4.7.1. Global others aerospace plastic application market estimates and forecast, 2011-2018 (Tons) (USD Million)

    5. Aerospace Plastics Market – End User Analysis

        5.1. Aerospace Plastic Market: End User Overview

            5.1.1. Global aerospace plastic market volumes share, by end user, 2011 and 2018

        5.2. Commercial and freighter aircrafts

            5.2.1. Global commercial and freighter aircrafts aerospace plastics market estimates and forecast, 2011-2018 (Tons) (USD Million)

        5.3. Military aircrafts

            5.3.1. Global military aircrafts aerospace plastics market estimates and forecast, 2011-2018 (Tons) (USD Million)

        5.4. Rotary aircrafts

            5.4.1. Global rotary aircrafts aerospace plastics market estimates and forecast, 2011-2018 (Tons) (USD Million)

        5.5. General aviation

            5.5.1. Global general aviation aerospace plastics market estimates and forecast, 2011-2018 (Tons) (USD Million)

    6. Aerospace Plastics Market – Regional Analysis

        6.1. Global Aerospace Plastic Market: Geographic Overview

            6.1.1. Global aerospace plastic volume share, by geography, 2011 and 2018

        6.2. North America

            6.2.1. North America aerospace plastics volume share, by country, 2011 and 2018

            6.2.2. North America aerospace plastics market volume and revenue, 2011-2018 (Tons) (USD Million)

            6.2.3. North America aerospace plastics market estimate and forecast, by application, 2011-2018 (Tons)

            6.2.4. North America aerospace plastics market estimate and forecast, by application, 2011-2018 (USD Million)

            6.2.5. North America aerospace plastics market estimate and forecast, by end user, 2011-2018 (Tons)

            6.2.6. North America aerospace plastics market estimate and forecast, by end user, 2011-2018 (USD Million)

            6.2.7. U.S.

                6.2.7.1. U.S. aerospace plastics market estimate and forecast, 2010-2018 (Tons) (USD Million)

            6.2.8. Canada

                6.2.8.1. Canada aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

        6.3. Europe

            6.3.1. Europe aerospace plastics volume share, by country, 2011 and 2018

            6.3.2. Europe aerospace plastics market volume and revenue, 2011-2018 (Tons) (USD Million)

            6.3.3. Europe aerospace plastics market estimate and forecast, by application, 2011-2018 (Tons)

            6.3.4. Europe aerospace plastics market estimate and forecast, by application, 2011-2018 (USD Million)

            6.3.5. Europe aerospace plastics market estimate and forecast, by end user, 2011-2018 (Tons)

            6.3.6. Europe aerospace plastics market estimate and forecast, by end user, 2011-2018 (USD Million)

            6.3.7. Germany

                6.3.7.1. Germany aerospace plastics market estimate and forecast, 2010-2018 (Tons) (USD Million)

            6.3.8. France

                6.3.8.1. France aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

            6.3.9. UK

                6.3.9.1. UK aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

            6.3.10. Spain

                6.3.10.1. Spain aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

            6.3.11. Others

                6.3.11.1. Others aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

        6.4. Asia Pacific

            6.4.1. Asia Pacific aerospace plastics volume share, by country, 2011 and 2018

            6.4.2. Asia Pacific aerospace plastics market volume and revenue, 2011-2018 (Tons) (USD Million)

            6.4.3. Asia Pacific aerospace plastics market estimate and forecast, by application, 2011-2018 (Tons)

            6.4.4. Asia Pacific aerospace plastics market estimate and forecast, by application, 2011-2018 (USD Million)

            6.4.5. Asia Pacific aerospace plastics market estimate and forecast, by end user, 2011-2018 (Tons)

            6.4.6. Asia Pacific aerospace plastics market estimate and forecast, by end user, 2011-2018 (USD Million)

            6.4.7. China

                6.4.7.1. China aerospace plastics market estimate and forecast, 2010-2018 (Tons) (USD Million)

            6.4.8. Japan

                6.4.8.1. Japan aerospace plastics market estimate and forecast, 2010-2018 (Tons) (USD Million)

            6.4.9. India

                6.4.9.1. India aerospace plastics market estimate and forecast, 2010-2018 (Tons) (USD Million)

            6.4.10. Others

                6.4.10.1. Others aerospace plastics market estimate and forecast, 2010-2018 (Tons) (USD Million)

        6.5. RoW

            6.5.1. RoW aerospace plastics market volume and revenue, 2011-2018 (Tons) (USD Million)

            6.5.2. RoW aerospace plastics market estimate and forecast, by application, 2011-2018 (Tons)

            6.5.3. RoW aerospace plastics market estimate and forecast, by application, 2011-2018 (USD Million)

            6.5.4. RoW aerospace plastics market estimate and forecast, by end user, 2011-2018 (Tons)

            6.5.5. RoW aerospace plastics market estimate and forecast, by end user, 2011-2018 (USD Million)

    7. Company Profiles

        7.1. Ensinger GmbH

            7.1.1. Company overview

            7.1.2. Financial overview

            7.1.3. SWOT analysis

            7.1.4. Business strategies

            7.1.5. Recent developments

        7.2. Hexcel Corporation

            7.2.1. Company overview

            7.2.2. Financial overview

            7.2.3. SWOT analysis

            7.2.4. Business strategies

            7.2.5. Recent developments

        7.3. Saudi Basic Industries Corporation

            7.3.1. Company overview

            7.3.2. Financial overview

            7.3.3. SWOT analysis

            7.3.4. Business strategies

            7.3.5. Recent developments

        7.4. Toho Tenax Company Limited

            7.4.1. Company overview

            7.4.2. SWOT analysis

            7.4.3. Business strategies

            7.4.4. Recent developments

        7.5. Toray Carbon Fibers America Inc.

            7.5.1. Company overview

            7.5.2. Financial overview

            7.5.3. SWOT analysis

            7.5.4. Business strategies

            7.5.5. Recent developments

        7.6. Mitsubishi Heavy Industries Limited

            7.6.1. Company overview

            7.6.2. Financial overview

            7.6.3. SWOT analysis

            7.6.4. Business strategies

            7.6.5. Recent developments

        7.7. HITCO Carbon Composites, Inc.

            7.7.1. Company overview

            7.7.2. SWOT analysis

            7.7.3. Business strategies

            7.7.4. Recent developments

        7.8. Premium Aerotec

            7.8.1. Company overview

            7.8.2. Financial overview

            7.8.3. SWOT analysis

            7.8.4. Business strategies

            7.8.5. Recent developments

        7.9. Tech-Tool Plastics Inc.

            7.9.1. Company overview

            7.9.2. SWOT analysis

            7.9.3. Business strategies

            7.9.4. Recent developments

        7.10. Kaman Corporation

            7.10.1. Company overview

            7.10.2. Financial overview

            7.10.3. SWOT analysis

            7.10.4. Business strategies

            7.10.5. Recent developments

        7.11. Hyosung Corporation

            7.11.1. Company overview

            7.11.2. Financial overview

            7.11.3. SWOT analysis

            7.11.4. Business strategies

            7.11.5. Recent developments

        7.12. SGL Carbon SE.

            7.12.1. Company overview

            7.12.2. Financial overview

            7.12.3. SWOT analysis

            7.12.4. Business strategies

            7.12.5. Recent developments

        7.13. Cytec Industries Inc.

            7.13.1. Company overview

            7.13.2. Financial overview

            7.13.3. SWOT analysis

            7.13.4. Business strategies

            7.13.5. Recent developments

        7.14. Composite Holding Company

            7.14.1. Company overview

            7.14.2. SWOT analysis

            7.14.3. Business strategies

            7.14.4. Recent developments

        7.15. Zoltek Companies Inc.

            7.15.1. Company overview

            7.15.2. Financial overview

            7.15.3. SWOT analysis

            7.15.4. Business strategies

            7.15.5. Recent developments

    List of Tables

    TABLE 1: Global Aerospace Plastics Market Snapshot

    TABLE 2: Drivers of the global aerospace plastics market: Impact Analysis

    TABLE 3: Weight reduced on CFRP usage comparative to aluminum

    TABLE 4: Restraints of the global aerospace plastics market: Impact Analysis

    TABLE 5: Greenhouse gas emissions by different aerospace materials

    TABLE 6: Application areas of plastics in aerospace sector

    TABLE 7: End user of plastics in aerospace sector

    TABLE 8: North America aerospace plastics market estimate and forecast, by application, 2011-2018 (Tons)

    TABLE 9: North America aerospace plastics market estimate and forecast, by application, 2011-2018 (USD Million)

    TABLE 10: North America aerospace plastics market estimate and forecast, by end user, 2011-2018 (Tons)

    TABLE 11: North America aerospace plastics market estimate and forecast, by end user, 2011-2018 (USD Million)

    TABLE 12: Europe aerospace plastics market estimate and forecast, by application, 2011-2018 (Tons)

    TABLE 13: Europe aerospace plastics market estimate and forecast, by application, 2011 - 2018 (USD Million)

    TABLE 14: Europe aerospace plastics market estimate and forecast, by end user, 2011-2018 (Tons)

    TABLE 15: Europe aerospace plastics market estimate and forecast, by end user, 2011-2018 (USD Million)

    TABLE 16: Asia Pacific aerospace plastics market estimate and forecast, by application, 2011-2018 (Tons)

    TABLE 17: Asia Pacific aerospace plastics market estimate and forecast, by application, 2011-2018 (USD Million)

    TABLE 18: Asia Pacific aerospace plastics market estimate and forecast, by end user, 2011-2018 (Tons)

    TABLE 19: Asia Pacific aerospace plastics market estimate and forecast, by end user, 2011-2018 (USD Million)

    TABLE 20: RoW aerospace plastics market estimate and forecast, by application, 2011-2018 (Tons)

    TABLE 21: RoW aerospace plastics market estimate and forecast, by application, 2011-2018 (USD Million)

    TABLE 22: RoW aerospace plastics market estimate and forecast, by end user, 2011-2018 (Tons)

    TABLE 23: RoW aerospace plastics market estimate and forecast, by end user, 2011-2018 (USD Million)

    List of Figures

    FIG. 1: Aerospace Plastics: Application, End User and Regional Analysis

    FIG. 2: Global aerospace plastics market volume and revenue, 2011-2018 (Tons) (USD Million)

    FIG. 3: Global production of commercial passenger aircrafts, 2010-2018

    FIG. 4: Global production of general aviation planes (business jets, small aircrafts etc.), 2010-2018

    FIG. 5: Average global pricing trend of aerospace plastics, 2011-2018

    FIG. 6: Value chain analysis of aerospace plastics

    FIG. 7: Porter’s five forces analysis

    FIG. 8: Market attractiveness analysis of aerospace plastics market by end user

    FIG. 9: Company market share of aerospace plastics market, 2012

    FIG. 10: Global aerospace plastics market, volume share by application, 2011 and 2018

    FIG. 11: Global demand for airframe and fuselage aerospace plastics, 2011-2018 (Tons) (USD Million)

    FIG. 12: Global demand for wings and rotor blades aerospace plastic application, 2011-2018 (Tons) (USD Million)

    FIG. 13: Global demand for empennage aerospace plastic application, 2011-2018 (Tons) (USD Million)

    FIG. 14: Global demand for flight deck and cockpit aerospace plastic application, 2011-2018 (Tons) (USD Million)

    FIG. 15: Global cabin areas aerospace plastic application, 2011-2018 (Tons) (USD Million)

    FIG. 16: Global demand for others aerospace plastic application, 2011-2018 (Tons) (USD Million)

    FIG. 17: Global aerospace plastics market, volume share by end user, 2011 and 2018

    FIG. 18: Global commercial and freighter aerospace plastics market, 2011-2018 (Tons) (USD Million)

    FIG. 19: Global military aerospace plastics market, 2011-2018 (Tons) (USD Million)

    FIG. 20: Global rotary aircrafts aerospace plastics market, 2011-2018 (Tons) (USD Million)

    FIG. 21: Global general aviation aerospace plastics market, 2011-2018 (Tons) (USD Million)

    FIG. 22: Global aerospace plastics volume share, by geography, 2011 and 2018

    FIG. 23: North America aerospace plastics market, volume share, by country, 2011 and 2018

    FIG. 24: North America aerospace plastics market volume and revenue, 2011-2018 (Tons) (USD Million)

    FIG. 25: U.S. aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 26: Canada aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 27: Europe aerospace plastics market, volume share, by country, 2011 and 2018

    FIG. 28: Europe aerospace plastics market volume and revenue, 2011-2018 (Tons) (USD Million)

    FIG. 29: Germany aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 30: France aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 31: UK aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 32: Spain aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 33: Others aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 34: Asia Pacific aerospace plastics market, volume share, by country, 2011 and 2018

    FIG. 35: Asia Pacific aerospace plastics market volume and revenue, 2011-2018 (Tons) (USD Million)

    FIG. 36: China aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 37: Japan aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 38: India aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 39: Others aerospace plastics market estimate and forecast, 2011-2018 (Tons) (USD Million)

    FIG. 40: RoW aerospace plastics market volume and revenue, 2011-2018 (Tons) (USD Million)

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Aerospace Plastics Market

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