Research and Markets has announced the addition of the "Global Aerospace Plastics Market 2014-2018" report to their offering.
The analysts forecast the Global Aerospace Plastics market 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.
Key vendors dominating this space are Hexcel Corp., Mitsubishi Rayon Co. Ltd., TOHO Tenax Co. Ltd., and Toray Industries Inc.
Other vendors mentioned in the report 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.
Commenting on the report, an analyst from the team said: 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.
According to the report, 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, the report states that 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.
For more information visit http://www.researchandmarkets.com/research/bkxgqm/global_aerospace
Source: http://www.researchandmarkets.com