DUBLIN–(BUSINESS WIRE)–The “Flame Retardants for Aerospace Plastics Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The flame retardants for aerospace plastics market is expected to register a CAGR of over 3% during the forecast period.
- The R.J. Marshall Company
- BASF SE
- Huber Engineered Materials
- Italmatch Chemicals SpA
- PMC Group Inc.
- RTP Company
- ICL Industrial Products
- ISCA UK Ltd
Key Market Trends
Carbon Fiber Reinforced Polymers (CFRP) to Dominate the Market
- The carbon fiber reinforced polymers (CFRP) segment dominates the consumption of flame retardants, as they are used in the manufacturing of various aircraft components.
- In aircraft, CFRP finds application in the cockpit, payload fairing, tanks, bulkheads, wing-body fairing, doors, seat components, and empennage.
- With the increasing number of new airport projects across various regions, such as Asia-Pacific, Middle East & Africa, and South America, to accommodate the growing demand for air commute, the orders for new aircraft are also projected to increase over the forecast period.
- Besides, numerous countries have been looking forward to replacing old aircraft with the new advanced aircraft with superior safety features to avoid air crashes.
- Hence, all such trends are projected to increase the production of new aircraft, which is further expected to drive the demand for flame retardants for the application in aerospace plastics.
Asia-Pacific Region to Witness the Fastest Growth
- Asia-Pacific is projected to witness the fastest growth for flame retardants used in aerospace plastics, owing to continuously growing demand for air commute.
- Countries, such as China, India, Vietnam, and Indonesia, have been witnessing a significant rise in the air commute, and to increase the availability of aircraft, there has been an increase in the number of new orders for aircraft and aircraft components in the region.
- The Indian government, on the other hand, signed a military aircraft manufacturing deal with France, for which the production is planned to be conducted in India.
- Additionally, in February 2019, Boeing announced its decision to build “a factory of the future” in India, for manufacturing next-generation Block III F/A-18 Super Hornet fighter aircraft as part of the ‘Make in India’ initiative.
- Hence, all such plans and deals are expected to provide growth opportunities for the flame retardants used in aerospace plastics in the region.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Growing Safety Concerns Related to the Flammability of Aerospace Plastics
4.1.2 Increasing Usage of Plastic for Maintaining Optimal Weight of the Aircraft
4.2.1 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Antimony Oxide
5.1.2 Aluminum Trihydrate
5.1.3 Magnesium Hydroxide
5.1.4 Boron Compounds
5.1.5 Other Product Types
5.2 Polymer Type
5.2.1 Carbon Fiber Reinforced Polymer
5.2.3 Thermoset Polyimides
5.2.4 Polyetheretherketone (PEEK)
5.2.5 Other Polymer Types
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Demand for Commercial Aircraft
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/32q7gp
Laura Wood, Senior Press Manager
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