Aerospace Plastics Market To Reach $11.88 Billion By 2022
The global aerospace plastics market is expected to reach USD 11.88 billion by 2022, according to a new report by Grand View Research, Inc. Plastics are being increasingly used in the aerospace industry, due to their beneficial properties including aircraft weight reduction, thereby making it safer and more economical. Development and penetration of advanced plastics including PPS and PMMA has further intensified the market demand for these applications. Airframe & fuselage was the largest application accounting for 28.2% in 2014. Aircraft frame contains the maximum amount of carbon fiber reinforced plastic and composites which makes airframes lighter by as much as 20% as compared to conventional aluminum designs. Rising awareness among manufacturers regarding the benefits of these polymers to reduce the overall weight of the aircraft and increase fuel efficiency is expected to propel demand for aerospace grade plastics over the forecast period. View summary of this report analysis/aerospace-plastics-market
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