Aerospace Plastics Market Analysis By Industry Size, And Share, Manufacturers, Demand, Forecast 2025
T he global aerospace plastics market stood at $ 12 billion in 2019 and is expected to witness sluggish growth during 2020 - 2025. The COVID-19 outbreak across the globe has had an adverse impact on aerospace plastics market, globally. Due to this crisis, manufacturing industries stopped production as supply chain got disrupted, workforce dislocation and steep decline in the demand was observed, which has also made it challenging to predict the recovery trajectory in future. Aerospace industry no doubt can be considered as one of the most affected industries like hospitality as consumer demand has dropped significantly and led to a huge impact on aerospace plastics industry. In addition, lack of standardization in manufacturing technologies and trained personnel is anticipated to hinder the growth of the market. The market for aerospace plastics has been segmented into polymer type, aircraft type, application and region. Based on type of polymer type, the market is segmented into PEEK...