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(Transportation-News.com, October 16, 2017 ) The global aerospace plastics market was worth USD 11.34 million in the year 2016, and is expected to garner around USD 25.94 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 9.63% during the forecast period. The growing requirement for plastic in various applications of aerospace that includes empennage, cabin interiors, fuselage and airframe is anticipated to boost the market in the consecutive years. The performance and the efficacy of airplanes in directly influence by the reduction of its weight. Additionally, with the contraction of a kilogram in the weight of the airplane is anticipated to revoke costs of operating related to fuel for a commercial airplane. Major Key Player Hyosung Corp Mitsubishi Heavy Industries Kaman Corp Hexcel Composite Holding Comp Cytec Industries HITCO Carbon Composites.
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The Aerospace plastics market is segmented as follows- By Application • Satellites • Equipment, systems & support • Propulsion systems • Aerostructure • Construction and insulation components • Cabin interiors • Components By End Users • General aviation • Commercial & freighter aircrafts • Rotary aircrafts • Military aircrafts • Others
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Table of Contents : 1.Introduction 2.Executive Summary 3.Market Overview 3.1.Introduction 3.1.1. Market Definition 3.1.2. Market Segmentation 3.2.Market Share Analysis 3.3.Market Dynamics 3.3.1. Drivers 3.3.1.1.Growing adoption of aerospace plastics in aerospace industry 3.3.1.2.Admirable strength to weight ratio 3.3.1.3.Continuous growth in the aviation industry 3.3.2. Restraints 3.3.2.1.High cost of the raw materials 3.3.3. Opportunities 3.3.3.1.Substantial upsurge in the military budget essentially in many countries have provided enough growth impetus for the market. 3.4.Industry Trends 4. Aerospace Plastics Market, By Application 5. Aerospace Plastics Market, By Application 6. Aerospace Plastics Market, By Region 7. Company Profiles
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