Global aerospace plastics market dominated by Hexcel Corp., Mitsubishi Rayon Co. Ltd., TOHO Tenax Co. Ltd., and Toray Industries Inc.
Global Aerospace Plastics Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-11 22:35:04
Composite materials are made from a combination of two or more different materials. Nanocomposite materials are derived from the concept of composite materials, with the help of nanotechnology. Both composites and nanocomposites have benefits and improve various parameters like strength and heat resistance of plastics. This increasing research spending and contribution of composite and noncomposite materials is expected to have a high impact on the Global Aerospace Plastics market over the long run.
One of the main drivers in the market is the growth and development of the Aviation industry which needs a continual supply of plastic for various purposes.
Further, one of the major challenges in this market is the increase in fracture and failure of plastic. The rigidity of plastic makes it a strong material, but at the same time poses a threat to its use in the industry.
The key players operating in the global aerospace plastics market include Hexcel Corp., Mitsubishi Rayon Co. Ltd., TOHO Tenax Co. Ltd., and Toray Industries Inc.
The global aerospace plastics market is forecast to grow at a CAGR of 8.04 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growth and development of the Aviation industry. The Global Aerospace Plastics market has also been witnessing the emergence of composites and nanocomposites. However, the increasing fracture and failure issues could pose a challenge to the growth of this market.
Other vendors operating in the market are Zoltek Companies Inc., Tech-Tool Plastics Inc., SGL Carbon S, Saudi Basic Industries Corp, Premium Aerotec, Kaman Corp., Hyosung Corp, HITCO Carbon Composites, Inc., Ensinger GmbH, Cytec Industries Inc., and Composite Holding Co.
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