16 October 2018, the global Aerospace Plastics Market stood nearly 57 kilotons in 2014. It is estimated to grow at over 10 percent CAGR from 2016 to 2024 (forecast period). Regulatory policies coupled with robust fiscal aid should be the key market propeller. The market will also be driven by usage in airplanes, alternatives for steel & aluminium, and expansion in the aviation industry.

The aviation industry is likely to observe high growth across Middle Eastern nations; like Qatar, U.A.E., and Saudi Arabia. Higher air traffic in defense & commercial sectors has contributed sales for the North American market. Strict policies on petro-based products can hamper feedstock (high-grade plastics, etc.) availability.

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Moreover, adoption of carbon fibers in other applications may limit the availability of raw materials. Airplane manufacturers have begun employing a blend of thermoplastic & metal composites to lower fuel emissions and ensure passenger convenience. The aerospace plastics market is fragmented by applications, polymers, end-users, and geographies.

Applications comprise wings & rotor blades, airframe & fuselage, and cabin areas. Airframe & fuselage was the biggest segment in 2013. Demand for aerospace plastics in wings & rotor blades surpassed 7, 900 tons in 2014. ‘Plastics adoption’ in wings makes the latter quite resistant to metal fatigue. Demand for cabin area applications would grow at over 5 percent CAGR till 2024.

Polymers are polyether ketone ketone (PEKK), polyether ether ketone (PEEK), and polymethyl methacrylate (PMMA). PEKK was nearly USD 74.5 million in 2014. It has high ‘glass transition temperature’ & ‘mechanical load.’ PMMA generated around USD 168 million in 2014. It is used in flight decks & cockpits owing to its lightweight features.

Aerospace plastics do not rust and can function better than other materials. This characteristic bodes well for the aerospace plastics market and drives its incomes. End-users consist of military aircrafts, general aviation, and commercial & freighter aircrafts. Commercial & freighter was the biggest segment in 2013. Military aircrafts are likely to experience the fastest growth.

Geographical regions encompass Europe, Asia Pacific, North America, and rest of the world. Europe dominated the global market in 2013. This region and Asia Pacific may be lucrative in the near future.

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11 October 2018, the global Pressure Sensitive Tape Market is expected to grow at a CAGR of over 6% and reach close to 69 billion during the forecast period (2016 to 2024). Increasing demand in the packaging of the corrugated box packaging of food & beverages is likely to boost market growth in the coming years.

These tapes are vastly use in the construction of tunnels, bridges, roofing, cladding, glazing, water supply, and air conditioning can promote the growth and expansion of the industry.

Use of biodegradable material for the manufacturing of these pressure sensitive tapes can fuel market growth during the forecast period. Moreover, superior features like easy handling and processing is likely to stimulate industrial development.

Development of newer specialty electrically conductive adhesive tapes for telecommunications equipment can exhibit immense potential in the coming seven years. The pressure sensitive tape market is divided into applications, backing material, product, and geographies.

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On the basis of applications, the market is split into automotive, building & construction, electrical & electronics, health & hygiene, packaging, and others. Packaging held the largest segment in 2015. It is expected to continue an upward trend, owing to its low carbon footprint and biodegradability.

Backing material comprise of polypropylene, paper, PVC, and others. Polypropylene can witness rapid growth at over 6% CAGR till 2024. The growth can be attributed to his cost efficiency, high-tear resistance in mid-direction & cross-direction, and well balance technology. PVC is likely to show a considerable growth due to its eco-friendly properties.

Products encompass carton sealing tape, double-sided tape, electrical tape, masking tape, and others. Cartons sealing tape held over 60% of global volume share in 2014. The growth can be attributed to the recyclability and reusability. Double sided tape is likely to exhibit a growth till 2024.

North America, Latin America, Europe, the Middle East & Africa (MEA), and Asia Pacific, are the geographical segmentations of the pressure sensitive tape industry. Asia Pacific market dominated the global demand with over USD 21 billion in 2015. It is likely to continue dominating the market owing to the growing demand for food & beverages sector in.

Key global players of the pressure sensitive tape market are 3M, Lintec and Nitto Denko Corporation, ABI Tape Products, and Jonson Tapes Limited. A double-sided high performance acrylic tape was introduced by Saint-Gobain was launched early 2014.

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8 October 2018, The Global Automotive Plastics Market is poised to exceed USD 66 billion by 2024. The market is anticipated to grow at a healthy CAGR of over 13.5% from 2016-2024 (forecast period). Demand for interior & exterior furnishings & power train applications can fuel the global market in the forthcoming years.

Alloys & metals are increasingly being substituted with plastics in automobile parts. This leads to enhanced component performance & chemical corrosion resistance owing to reduced vehicular weight. Greater focus on emission control and on the reduction of vehicle weight will fuel market demand during the forecast period. Other market drivers are enhanced vehicle designs and demand for automobiles. The automotive market has been witnessing a growing trend towards vehicular weight reduction for enhanced fuel efficiency.

Besides reducing the weight of vehicles, these compounds are employed to enhance aesthetics, reduce vibrations, and decrease noise & cabin insulation. However, high costs of raw materials and substantial investments could hinder market growth. Most automotive plastic products are derived from petrochemicals. The availability of crude oil determines the supply of petrochemicals. The non-recyclable nature of automotive plastics can impede market progress.

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The global automotive plastics market is categorized into products, applications, and regions. Products include polyethylene, acrylonitrile butadiene styrene (ABS), polyurethane, polypropylene, polyvinyl chloride (PVC), polycarbonate, polyamide, and polymethyl methacrylate (PMMA). Polypropylene led the market in 2014 with a revenue exceeding USD 5 billion. Engineering metals & plastics are increasingly being replaced by PP-based materials in the production of automobile parts. This leads not only to vehicular weight reductions but also to significant costs savings. Polypropylene and polyethylene foams are commonly used for vibration and noise dampening & thermal solidity.

PMMA holds a smaller market share. However, this segment may witness substantial growth in the forecast period. This owes to the widespread application of PMMA in automobile light covers, windows, trims, and glazing. It is also used as a replacement for glass.

Based on applications, the automotive plastics market is divided into electrical components, power train, under the hood, interior & exterior furnishings, and chassis. In 2014, electrical components held the largest share and surpassed USD 6 billion. Interior & exterior applications held a share of over 32% in 2014 and can grow at a CAGR of over 9% during the forecast period. Bumper systems, fascia systems, body & light panels, and steering wheels are the key components that use automotive plastics. ‘Power trains’ is anticipated to be the fastest growing segment and may register a CAGR of over 10% during the next eight years.

Based on regions, the global automotive plastics market is segmented into Asia Pacific, Europe, North America, and Rest of the World. The Asia-Pacific automotive plastics market dominated the industry in 2014. In terms of revenue, the region reported USD 9.5 billion during the same year. The shift of automotive manufacturing units to countries, such as India, China, Thailand, and Indonesia propels the Asia Pacific market. Demand is attributed to supportive government initiatives and the availability of cheap labor. Central & South America could grow at a decent CAGR of over 10.5% from 2016 to 2024. Major companies operating in the industry are Johnson Controls, The Dow Chemical Company, Akzo Nobel N. V., Delphi Automotive PLC, and Evonik Industries A. G.

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8 October 2018, The global Aerospace Plastic Flame Retardant Market is anticipated to reach USD 29 million by 2022. Increasing demand for plastics, because of lesser airframe weight as well as fuel savings is expected to drive market growth. Rising air traffic and evolving security standards will also have a positive influence.

The aviation industry is growing on account of new trade routes, escalating income levels, and changing lifestyles. This is fueling demand for plastic flame retardants. However, fluctuating prices of key raw materials, such as phosphorous, nitrogen, and aluminum, could threaten industry growth.

The market is categorized by products, applications, and regions. Products include Aluminum Trihydrate (ATH), antimony oxide, boron compounds, organophosphates/phosphorous, and others. ATH accounted for 40% of the overall demand in 2014. Ammonium polyphosphate, red phosphorous and other organophosphates came up as the fastest-growing products in the same year. Organophosphates compounds are anticipated to register the fastest growth (CAGR over 6%) over the forecast period (2015-2022).

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Based on the applications, the global aerospace plastic flame retardant market is divided into Carbon Fiber Reinforced Plastics (CFRP), Glass Reinforced Plastics (GRP), thermoset polyimides, polycarbonates, epoxies, acetal/POM, and others. Others comprise polybutylene terephthalate (PBT), polyphthalamide (PPA), and polypropylene (PP).

CFRP was the biggest application, occupying 30% of the total volumes in 2014. It would grow at the fastest rate (CAGR exceeding 6%) over the next seven years. Polycarbonates sector may also experience high demand due to properties such as high transparency and optical clarity, along with tremendous toughness.

Regional segments consist of Europe, Asia Pacific, North America, and RoW (Rest of the World). Europe, with 44% of the global demand, was the largest regional market in 2014. It is home to leading airline groups (Airbus, Boeing, Rolls-Royce Holding, etc.). However, stringent monitoring of European airspace and the manufacturing industry is resulting in lesser production of halogenated retardants.

Asia-Pacific could be the fastest-growing regional market (CAGR of 7%) during the forecast period. This may be attributed to a robust aviation sector and rising disposable incomes in developing countries like India, Indonesia, Thailand, Vietnam, etc.

Major companies operating in the worldwide aerospace plastic flame retardant market are RTP Company, Albemarle Corporation, Huber Engineered Materials, and Chemtura Corporation. Most leading participants are largely integrated along the value chain.

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5 October 2018, The global Plastics Market is expected to grow rapidly at a healthy CAGR of over 8 % from 2014 to 2020. Plastics are synthetic/semi-synthetic organic solid materials that are used to create various valuable products. On account of the ease of manufacture, low cost, flexibility of use, and availability of raw materials, plastics have replaced a number of conventional materials such as paper, wood, metal, leather, glass, and ceramic in the majority uses. This is also projected to boost the global market. Moreover, various technologies that reprocess plastics are anticipated to be the key growth drivers for the global market.

However, the fluctuating prices of raw materials along with the rising environmental concerns related to plastic disposal are likely to hamper the market growth in the near future. To beat such challenges, the market players have shifted their focus towards developing some bio-based alternatives to usual plastics. The industry is categorized into products, applications, and regions.

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The products sector comprises Polyvinyl Chloride (PVC), polystyrene, Polypropylene (PP), Polyethylene (PE), Polyethylene Terephthalate (PET), and engineering thermoplastics. The PE sector dominated the overall plastics market in 2013 accounting for over 35 % of the global market share. The rising demands from various end-use segments such as food & beverage packaging, injection molding, etc. led to the biggest market share. The PET sector is anticipated to be the fastest growing product sector with a CAGR of 9 % from 2014 to 2020. The rising demands for PET plastics from the carbonated soft drink packaging market are projected to further augment the demands for PET plastics during the next few years.

The application sector includes injection molding, film & sheets, construction, packaging, textiles, and transportation. The films & sheets sector occupied over 45 % of the global share in 2013. Films & sheets are mainly utilized in food packaging and pharmaceuticals. This is said to boost the product demands in the near future. The application in plastic pipes is also likely to experience a substantial growth with a CAGR of 6 % over the forecast period.

Asia-Pacific was the largest regional market for plastics in 2013. The European & North American markets are quite mature and are said to grow slowly than other regions. The Central & South America region is estimated to register the maximum CAGR of over 6.5 % from 2014 to 2020.

Major companies in the plastics market are Saudi Basic Industries Corp.; E. I. du Pont de Nemours and Company; and BASF SE.

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