- Language: English
- 125 Pages
- Published: December 2009
- Region: Australia
World Market for Polymers and Composites in Aerospace
- Published: August 2008
- Region: Global
- 88 Pages
- Frost & Sullivan
The markets for polymers and composites in aerospace applications have been on a very high growth path since the early 2000's, with the introduction of game changing aircraft models such as Airbus A380 and Boeing 787 Dreamliner. Recent market conditions, including the high price of aircraft fuel and the need to improve the fuel efficiency of aircraft to lessen their environmental impact has seen the usage of light weight composites and polymers gaining further impetus in aerospace applications. This research service analyses the impact of the above forces across the polymers and composites supply chain.
This Frost & Sullivan research service titled World Market for Polymers and Composites in Aerospace provides growth forecasts for the market till 2014 and an evaluation of the key plastic types used in aircraft interior and exterior applications. It also analyses market shares and discusses the various levels of the supply chain including resin suppliers, fibre producers, prepreg producers and tier one component producers. In this research, Frost & Sullivan's expert analysts thoroughly examine the following product types: composites, foams and other plastics. The markets for most thermoplastics are still very small to be accurately quantified. Nevertheless, a selection of the most promising new technologies is also profiled within the research.
This analysis is available through Frost & Sullivan's Chemicals & Materials Growth Partnership Services programme. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services programme ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth. For more information on this custom subscription service, please click here.
Hurdles and Significant Prospects Await Polymers and Composites in Aerospace Applications
The usage of polymers and composites in aerospace has seen a huge surge since the mid 2000s, with the introduction of game-changing aircraft models such as Boeing 787 and Airbus A380. From being used in non-critical and semi structural applications, the usage of polymers has rapidly expanded into the design of critical structural parts for modern aircraft. "Polymers and composites are establishing themselves firmly as the materials of choice in aircraft construction," explains the analyst of this research. "From being restricted mainly to aircraft interiors, these revolutionary materials have rapidly expanded into critical structural applications." The current emphasis on aircraft fuel efficiency and concerns over the environmental footprint of air travel have furthered the cause of weight-saving polymers and composites in aircraft construction. Understandably, the transition from 10 per cent by weight of composites in structural applications to more than 50 per cent by weight of composites is not an easy one to make, and will create its own hurdles for companies leading this initiative.
The industry will have to overcome some teething troubles that are bound to arise whilst making a transition on this scale. Investment will have to be made across the aircraft supply chain to support the increased usage of polymers and composites in future aircraft. "Polymers and composites, despite spending years in product development, are still at the early stages of the learning curve with respect to large scale usage in twin aisle aircraft," remarks the analyst of this research. "Areas requiring improvements include enabling faster production process, early detection and repair of composite structures and, with rising volumes over the long term, putting in place efficient polymer and composite recycling mechanisms for end of life aircrafts." However, with the large amount of investment by the major aircraft original equipment manufacturers (OEMs) ensuring this transition, and the resulting technology gains in the area will guarantee that over the medium to long term, polymers and composites will establish themselves as the key materials for usage in aircraft construction.
Opportunities Arise for Thermoplastics
Most of the materials in the downstream supply chain for aircraft construction will feel the impact of heightened demand from the aircraft industry between 2007 and 2014. Its effect will be particularly felt in industries facing capacity constraints such as carbon fibres, which is one of the materials for which the demand will be exceptionally strong. All major carbon fibre producers in the world are currently engaged in expansionary activities, with some of them increasing individual capacities by up to 25 per cent. This is absolutely necessary if market suppliers are to benefit from the rising demand for their product in the medium to long term. Demand will also be strong for structural resins such as epoxies and the multitude of newer resins, such as benzoxazine, are targeting this market.
"Among thermoplastic suppliers, there is an immediate need to create separate business divisions catering solely to the aerospace industry, if they are to boost the penetration rate for thermoplastics in aerospace applications," advises the analyst. "This is currently largely a trend that is being experienced only amongst niche plastic producers." The favourable environmental characteristics of thermoplastics will create opportunities for them, especially in aircraft interiors. However, such growth potential can only be realised with a focussed approach targeting this market with special product ranges.
Expert Frost & Sullivan analysts thoroughly examine the following applications in this research:
- Aircraft seating
The following technologies are covered in this research:
- Resins in composites
- Frost & Sullivan Growth Partnership Service
Frost & Sullivan's Growth Partnership Services empower companies to accelerate their growth by achieving top-line improvements and bottom-line results. This is accomplished by helping Frost & Sullivan's clients execute successful growth strategies and providing their Growth Teams™ with the skills, know-how, and tools to generate growth opportunities, evaluate these opportunities to create a growth pipeline, and implement a growth strategy to deliver measurable business results.
Frost & Sullivan's growth solutions support the entire growth process:
TEAM Research is a program that furnishes clients with access to market research, competitive intelligence, financial benchmarking, and market strategies and analysis, and provides access to industry experts to aid in generating growth opportunities.
Growth Consulting Services unite clients with Frost & Sullivan's industry experts to evaluate opportunities and develop customised strategies and business plans to drive top-line revenue and margin growth.
Growth Team Membership™ is a career-focused offering that was developed to address the unique challenges that senior executives face when implementing strategies to achieve aggressive corporate growth targets. SHOW LESS READ MORE >
1 EXECUTIVE SUMMARY
Summary of Key Findings
Market Overview and Summary of Important Market Trends
2 TOTAL WORLD MARKETS FOR POLYMERS AND COMPOSITES IN AEROSPACE
Polymers and Composites in Aerospace
Market Analysis and Strategies
3 COMPETITIVE DATABASE
Database of Key Industry Participants
4 DECISION SUPPORT DATABASE
Commercial Aircraft in Service