Chemical industry reports Aerospace Plastics Market Oulook

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Aerospace Plastics Market Share, Size, Analysis, Growth, Trends
and Forecasts, 2024 | Hexa Research
" The global aerospace plastics market was valued at
approximately 57 kilotons in 2014 and it is
projected to grow at an approximate CAGR of over
10% over the forecast period of 2016 to 2024."
The global Aerospace Plastics Market stood nearly 57 kilotons in 2014. It is estimated to grow at over 10
percent CAGR from 2016 to 2024 (forecast period). Regulatory policies coupled with robust fiscal aid should be
the key market propeller. The market will also be driven by usage in airplanes, alternatives for steel &
aluminium, and expansion in the aviation industry.
The aviation industry is likely to observe high growth across Middle Eastern nations; like Qatar, U.A.E., an d
Saudi Arabia. Higher air traffic in defense & commercial sectors has contributed sales for the North American
market. Strict policies on petro-based products can hamper feedstock (high-grade plastics, etc.) availability.
Moreover, adoption of carbon fibers in other applications may limit the availability of raw materials. Airplane
manufacturers have begun employing a blend of thermoplastic & metal composites to lower fuel emissions and
ensure passenger convenience. The aerospace plastics market is fragmented by applications, polymers, end-
users, and geographies.
Browse Details of Report @ https://www.hexaresearch.com/research-report/aerospace-plastics-industry
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