Aerospace Plastics Market Share, Size, Market Insights, Trends and Forecasts to 2022
- Submitted by: Hexareports
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- Category: Science
- Date Submitted: 06/06/2016 11:27 PM
- Pages: 4
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The global flame retardants for aerospace plastics market is expected to reach USD 29.1million by 2022, according to a new report by Grand View Research, Inc. Growing plastics demand owing to lower airframe weight and fuel savings is anticipated to remain a major driving factor for the global market.
Increasing air passenger traffic and evolving safety standards are also expected to have a positive influence on industry growth. Volatile price of key raw materials such as aluminum, phosphorous and nitrogen are expected to pose challenges to industry growth.
Aluminum trihydrate (ATH) was the most popular flame retardant used widely as a synergist across aerospace plastic applications, on account of its low cost and abundant availability. ATH accounted for over 40% of total demand in 2014. Organophosphates/phosphorous compounds are expected to witness the highest growth of 5.9% from 2015 to 2022.
Browse Detail Report With TOC @ http://www.hexareports.com/report/aerospace-plastics-market-analysis/details
Further key findings from the report suggest:
Global flame retardants for aerospace plastics market volume was 4,099.7 tons in 2014 and is expected to reach 5,763.1 tons by 2022, growing at a CAGR of 5.3%from 2015 to 2022
Carbon fiber reinforced plastics (CFRP) emerged as the leading application segment and accounted for over 30% of total demand in 2014. The material is widely utilized in defense jets as armor shields owing to its high impact resistance, in order to reduce accidental damage to engine pylons. CFRP is also expected to witness the highest growth of 5.8% from 2015 to 2022.
Polycarbonates is also expected to witness significant growth owing to their increasing penetration in aerospace industry on account of their optical clarity and high transparency, coupled with durability and extreme tolerance to duress in aircraft components.
Europe was the leading regional market owing to vast presence of major airline companies such as...
Increasing air passenger traffic and evolving safety standards are also expected to have a positive influence on industry growth. Volatile price of key raw materials such as aluminum, phosphorous and nitrogen are expected to pose challenges to industry growth.
Aluminum trihydrate (ATH) was the most popular flame retardant used widely as a synergist across aerospace plastic applications, on account of its low cost and abundant availability. ATH accounted for over 40% of total demand in 2014. Organophosphates/phosphorous compounds are expected to witness the highest growth of 5.9% from 2015 to 2022.
Browse Detail Report With TOC @ http://www.hexareports.com/report/aerospace-plastics-market-analysis/details
Further key findings from the report suggest:
Global flame retardants for aerospace plastics market volume was 4,099.7 tons in 2014 and is expected to reach 5,763.1 tons by 2022, growing at a CAGR of 5.3%from 2015 to 2022
Carbon fiber reinforced plastics (CFRP) emerged as the leading application segment and accounted for over 30% of total demand in 2014. The material is widely utilized in defense jets as armor shields owing to its high impact resistance, in order to reduce accidental damage to engine pylons. CFRP is also expected to witness the highest growth of 5.8% from 2015 to 2022.
Polycarbonates is also expected to witness significant growth owing to their increasing penetration in aerospace industry on account of their optical clarity and high transparency, coupled with durability and extreme tolerance to duress in aircraft components.
Europe was the leading regional market owing to vast presence of major airline companies such as...