Aerospace Plastic Market Registering At A CAGR 4.7% Through Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 10 April 2019: The Report Aerospace Plastics Market Analysis By Application (Aerostructure, Components, Cabin Interiors, Propulsion Systems, Satellites), By End-use, And Segment Forecasts, 2018 – 2025 The global Aerospace Plastic Market is expected to reach USD 1.04 million by 2025, according to a new report by Grand View Research, Inc. Non-corrosive nature and high-temperature resistance of plastics are expected to bolster market growth over the forecast period. Aerospace plastics exhibit heat resistance and high strength properties. It's high modulus of elasticity aids in the production of various aircraft components such as fuselage, airframe, empennage, etc. In addition, plastics are lightweight nevertheless high-performance alternatives to metals such as steel and aluminum; as a result, the market is expected to grow significantly. Growing adoption of highly durable and chemical resistant plastics are expected to drive market over the forecast period.