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Aerospace & Defence thermoplastic composites market to reach of US$ 636 million in 2023.

 


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The Global A&D Thermoplastic Composites Market: Highlights

The global A&D thermoplastic composites market is likely to offer significant opportunities over the next five years to reach an estimated value of US$ 636 million in 2023. Increasing commercial and regional aircraft deliveries, increasing demand for advanced composites in the structural applications of aircraft, increasing production rates of composites rich aircraft (B787 and A350XWB), increasing demand for thermoplastic composites to fabricate structural and interior parts, and superior benefits of thermoplastic composites including recyclability and reduction in parts count are the key factors that are proliferating the demand for thermoplastic composites in the aerospace & defense industry.

Global A&D Thermoplastic Composites - Insights Market by Aircraft Type:

The global A&D thermoplastic composites market is segmented based on the aircraft type as Commercial Aircraft, General Aviation, Military Aircraft, and Others. Commercial aircraft is projected to remain the most dominant aircraft type in the global A&D thermoplastic composites market during the forecast period. Increasing production of commercial aircraft coupled with increasing penetration of thermoplastic composites, especially in commercial aircraft, is likely to fuel the growth of the segment in the coming years.

Global A&D Thermoplastic Composites - Insights Market by Resin Type:

Based on the resin type, PPS resin dominates the A&D thermoplastic composites market and is expected to remain the largest segment during the forecast period. PPS resins have good dimensional stability even at elevated temperatures and in harsh chemical environment. They also have the advantage of molding complex parts easily with a tight tolerance. The resins have successfully found usage in various aircraft applications, especially on airframe applications.

Global A&D Thermoplastic Composites - Insights Market by Fiber Type:

Based on the fiber type, carbon fiber is projected to remain the largest fiber type in the global A&D thermoplastic composites market during the forecast period. Extremely low weight, coupled with high tensile and compression strength is the key growth driver of carbon fiber in the A&D thermoplastic composites market. On the other hand, glass fiber is likely to remain the second choice in the forecast period, due to its relatively low performance than carbon fiber.

Global A&D Thermoplastic Composites - Insights Market by Region

Based on the region, Europe is expected to remain the largest A&D thermoplastic composites market during the forecast period. Airbus is the major consumer of thermoplastic composites. Major tier players have set up manufacturing plants with high proximity to the airbus’ assembly plants to fulfill their emerging requirements for its next-generation aircraft program. North America also holds reasonable share in the A&D thermoplastic composites market. Boeing and Gulfstream Aerospace are the key OEMs, which are creating a healthy demand for thermoplastic composite parts in the region.

The supply chain of this market comprises raw material suppliers, thermoplastic composite suppliers, tier players, and aircraft OEMs, and airline companies. The key thermoplastic composite suppliers include companies, such as Royale TenCate, Solvay S. A. , and RTP Company. Some of the major thermoplastic component manufacturers in the market include AVANCO Group (Xperion Performance Polymer Composites), Daher-Socata, Dutch Thermoplastic Components B. V. , GKN Aerospace (Fokker Aerostructures), and Premium AEROTEC GmbH. The major aircraft OEMs are Airbus, Boeing, Gulfstream Aerospace, and Dassault Aviation.

Report Link:- https://www.stratviewresearch.com/299/aerospace-&-defense-thermoplastic-composites-market.html

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