Aerospace Plastics are defined as a class of materials that are used in the aerospace industry for various applications, including aircraft, spacecraft, and satellites. These materials are used because of their high strength-to-weight ratio, low coefficient of thermal expansion, high resistance to temperature and corrosion, excellent mechanical properties, fuel savings, increased payload capacity, and improved performance. Additionally, aerospace plastics include a wide range of polymer-based materials such as thermoplastics, thermosets, composites, and elastomers. Some common examples of aerospace plastics include carbon fiber-reinforced polymers (CFRP), aramid fiber-reinforced polymers (AFRP), and high-temperature thermoplastics like polyether ether ketone (PEEK) and polyimides.
The Aerospace Plastics Market is expected to grow at a steady rate of around 7% owing to the rising demand for lightweight & more efficient aircraft. For instance, in Dec 2022, WeSky, an avionics company based in Lithuania, announced the launch of a new lightweight in-seat power system this week. The WeSky 60W USB power supply solution is called “recharge” and it can reduce fuel consumption—as well as lower carbon emissions—for commercial airlines.
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According to UnivDatos Market Insights (UMI)’ research report “Global Aerospace Plastics Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the replacement of old aircraft and modernization of existing aircraft coupled with the influence of low-cost airlines.
Based on polymer type, the market is segmented into Polyetheretherketone (PEEK), Polycarbonate (PC), Polymethyl Methacrylate (PMMA), PolyPhenyleneSulfide (PPS), Acrylonitrile Butadiene Styrene (ABS), and Others. Polyetheretherketone (PEEK) category is expected to grow with a significant CAGR during the forecast period. This is mainly owing to the properties of PEEK such as high strength, lightweight, chemical resistance, dimensional stability, and many others. Due to such properties, PEEK is used in the designing of structural components, such as brackets, fittings, and fasteners. PEEK has a high strength-to-weight ratio and can withstand high loads and stresses. Additionally, PEEK is also used in the designing of electrical components, such as connectors and insulators due to its good electrical insulation properties and can withstand high temperatures. Thus, such factors are increasing the demand for PEEK which will in turn accelerate the growth of the aerospace plastics market.
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Based on the aircraft type, the market is categorized into commercial, general & business, military, rotary, and others. Among these, military aircraft to hold a significant share of the market in 2021 due to the high use of plastics in military aerospace. This is mainly due to replacing of heavy metals and alloys with lightweight plastics to achieve better fuel efficiency and range. Also, plastics offer a high strength-to-weight ratio, meaning they can withstand high loads and stresses while remaining lightweight. This makes them an ideal choice for structural components, such as airframe parts, landing gear, and engine components. withstand harsh conditions, such as extreme temperatures, high vibration, and exposure to chemicals and fuels. Thus, the increasing demand for aerospace plastics in military aircraft is accelerating market growth.
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