Stratview Research has published a new report on the Aerospace & Defense Thermoplastic Composites Market and bifurcated the market by Aircraft Type (Commercial Aircraft, General Aviation, Military Aircraft, and Others), by Resin Type (PPS Composites, PEEK Composites, PEI Composites, and Other Composites), by Application Type (Interior, Airframe, and Others), by Fiber Type (Carbon Fiber Composites and Glass Fiber Composites), by Process Type (Compression Molding, Injection Molding, AFP/ATL, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

According to the report, the A&D thermoplastic composites market is highly dependent on the organic growth of aircraft industries. In 2020, the market witnessed a severe decline in the wake of the pandemic. The market is expected to witness a further decline in 2021, and then bounce back in 2022, followed by a sequential growth till 2026 and reaching an estimated US$ 465.4 million in 2026. The aerospace industry is among the worst-hit industries by the pandemic; however, its strong fundamentals, such as huge order backlogs, to rejuvenate the industry’s growth avenues in the coming years.

What are the factors that drives the Aerospace & Defense Thermoplastic Composites Market?

Some of the growth drivers for thermoplastic composites in the aerospace industry are-

  • An expected recovery in commercial aircraft deliveries
  • Increasing demand for the weight reduction to improve fuel economy and reduction in carbon emissions in the aerospace industry
  • Increasing penetration of composites in modern aircraft programs
  • Low processing cost coupled with the advantage of recyclability of thermoplastic composites over thermoset composites

Segment-Wise market Analysis

Based on the resin type, the A&D thermoplastic composites market is segmented as PPS, PEEK, PEI, and others. PPS is estimated to maintain its huge dominance in the market. The key driving factor includes the high penetration of PPS composites in mass-volume airframe applications. Some notable advantages offered by PPS are good dimensional stability, excellent resistance to a wide variety of aggressive chemicals, and can be used to mold complex parts with very tight tolerances.

Based on the fiber type, the market is segmented as carbon fiber composites and glass fiber composites. Carbon fiber composite is estimated to maintain its huge dominance in the market in the foreseen future. Excellent weight reduction, high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance are some key advantages that drive the segments’ market. On the other hand, glass fiber composite holds a niche market with good prevalence in interior applications where it meets desired performance.

Based on the application type, the market is segmented as interior, airframe, and others. Airframe holds a giant share of the market with a good level of thermoplastic composite penetration in the application segment. Key application areas in airframe application are clips, cleats, leading edges, panels for the fuselage, shear webs, stringers, ribs, rudders, and elevators. There is also growing interest in thermoplastic composites in interiors with floor panels, brackets, profiles, and seat backs being key applications.

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