DETROIT, June 24, 2020
DETROIT, June 24, 2020 /PRNewswire/ -- Stratview Research announces the launch of a new market research report on Aircraft Interior Plastics Market by Material Type (Epoxy Plastics, Phenolic Plastics, PPS Plastics, PEI Plastics, PASU Plastics, PA Plastics, PC Plastics, and Other Plastics), by Form Type (Reinforced Plastics and Non-Reinforced Plastics), by Application Type (Floor, Sidewall, Ceiling, Stowage Bins, Galleys, Lavatories, Seats, HVAC, and Others), by Aircraft Type (Narrow-body Aircraft, Wide-body Aircraft, Very Large-Body Aircraft, Regional Aircraft, and General Aviation), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today's aircraft interior plastics market realities and future possibilities for the forecast period of 2020 to 2025 including the impact of COVID-19 in the market. After a continuous interest in our Aircraft Interior Sandwich Panels Market, Aircraft Cabin Interior Composites Market, and Aircraft Seat Market reports from the industry stakeholders, we have tried to further accentuate our research scope to the aircraft interior plastics market in order to provide the most thoroughgoing picture of the market. The report segments and analyzes the market in the most comprehensive manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.
Aircraft Interior Plastics Market: Highlights
Cabin interiors have the highest penetration of plastics among different aircraft applications. On the contrary, exteriors still have a significant penetration of metals with aluminum fuselage and wings in most of the aircraft platforms. Sandwich composites are predominantly used in cabin interiors with nomex and aluminum honeycomb as preferred core materials along with thermoset prepreg (typically phenolic or epoxy) on skins. Apart from composite sandwich panels, injection-molded, extruded, and compression-molded plastic components are other key plastic forms in interiors.
The recent spread of COVID-19 has brought cabin hygiene at the forefront which could be as important as flammability standards for cabin interiors. New standards for cabin interior sanitization, hygiene, antibacterial, or anti-viral surface treatments on different interior parts including plastic parts would benefit the industry in such times of crisis. There exist significant opportunities for new and existing players serving the cabin interiors to innovate and advertize with materials or parts that would bring some superiority benefits in ensuring passengers' safe and hygienic flying experience. Product development targeting hygiene and safety is among the new hotspot for cabin interiors.
The global aircraft interior plastics market is likely to witness a colossal decline in 2020 to go below the level of 2014. Previous pandemic/recessions, such as SARS (2003), The Great Recession (2008), and MERS (2015), have led to a strong decline in the aviation industry followed by a quick recovery, forming a V-shape recovery. Considering the same, the COVID-19 is also likely to depict a V-shape recovery; however, the decline would be extremely deeper than any other previous downturns. Stratview Research estimates the aircraft interior plastics market to reach US$ 3.2 billion in 2025.
Cabin interiors are likely to find some solace in the distressing environment with various innovations going on in the industry, regarding safer in-flight experience of passengers to regain their flying confidence. Some of the innovations are reconfiguring seats, such as the creation of partitions for passenger isolation, modification of wide-body passenger aircraft interiors into freight aircraft, and development of interior products with improved safety and hygiene protocols. Increasing commercial aircraft fleet size, recovery in commercial and regional aircraft deliveries, growing adoption of in-flight entertainment (IFE) & cabin upgrades, growing aircraft refurbishment activities, and increasing penetration of composites in the aircraft industry are some key factors fueling the market demand in the longer run.
Click Here and Run Through the Detailed TOC of the Report: https://www.stratviewresearch.com/toc/872/aircraft-interior-plastics-market.html
The market is firstly segmented based on the material type as epoxy plastics, phenolic plastics, PPS plastics, PEI plastics, PASU plastics, PA plastics, PC plastics, and other plastics. Epoxy and phenolic plastics are the top two materials in the market with their widescale usage in sandwich panels. PASU family also holds significant share among thermoplastics, driven by its usage in interior decorative parts. High-performance thermoplastics, such as PEI and PPS, have also notable share in cabin interiors.
Based on the application type, floor is expected to remain the most dominant application in the market over the next five years. Floors have thicker sandwich construction than other applications such as galleys, sidewalls, and ceilings. Glass and carbon-epoxy skins with nomex honeycomb are the perennial choice of materials for floor panels. Seats also have a significant share in the market and have been experiencing an increase in plastics content with the replacement of metallic parts.
Based on the aircraft type, narrow-body aircraft segment is expected to remain the largest segment of the market over the next five years, propelled by the A320 and B737 programs. Wide-body aircraft also have a significant share in the market. High plastic content in wide-body aircraft, especially in the next-generation platforms, such as A350XWB and B787, is augmenting the segmental demand.
Register Here and Ask for a Free Sample of the Exclusive Report: https://www.stratviewresearch.com/Request-Sample/872/aircraft-interior-plastics-market.html
In terms of region, North America is projected to remain the largest region for aircraft interior plastics during the forecast period. However, its commercial aircraft segment has been experiencing various challenges, mainly due to the grounding of B737 Max severely affecting both linefit as well as retrofit demand. Airlines, particularly with the huge B737 Max fleet, are reluctant to take their other aircraft out for service and are deliberately delaying their interior retrofit programs. These factors have led Europe to surpass North America in the commercial aircraft segment. The resumption in the production of B737 Max coupled with large aircraft fleet size for all commercial and regional aircraft as well as general aviation is likely to maintain North America's overall lead in the market.
The supply chain of this market comprises raw material suppliers, thermoplastic suppliers, compounders, prepreggers, aircraft interior part manufacturers, distributors, tier players, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies. Key aircraft interior plastic parts manufacturers in the market are Safran SA, Triumph Group, Jamco Corporation, Diehl Group, Collins Aerospace, FACC AG, The Gill Corporation, Encore Aerospace LLC, and AIM Altitude. Some of the key aircraft interior plastic material/composite suppliers are Solvay SA, SABIC, Toray Advanced Composites, Hexcel Corporation, Hexion, Huntsman Corporation, and BASF SE.
Some of the Recent Merger & Acquisition and Strategic Alliances in the Market:
The market's attractiveness has led to a series of acquisitions by big players, acquiring small players leading to greater market consolidation.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the global aircraft interior plastics market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:
Aircraft Interior Plastics Market, By Material Type:
Aircraft Interior Plastics Market, By Form Type:
Aircraft Interior Plastics Market, By Application Type:
Aircraft Interior Plastics Market, By Aircraft Type:
Aircraft Interior Plastics Market, By Region:
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.