Market Share of Aerospace Plastics Industry
The aerospace plastics market is dominated by several players. Therefore, the market in focus is directly influenced by macroeconomic factors and other trends that affect the aerospace industry, such as possible market consolidation through backward integration activities of aircraft OEMs. The revenues of market players also depend on sales to airline operators, aircraft, and space system manufacturers, hence are cyclic in nature.
The manufacturers of aerospace plastics invest in developing advanced systems for integration in modern aircraft to complement or enhance their performance characteristics, including safety. Such programs expose companies to certain risks associated with design responsibility, the development of new production tools, more capital and funding commitments, delivery schedules, and unique contractual requirements. Also, new aircraft programs may be subjected to cost-overruns and delays or even termination, depending on market conditions. Moreover, there are certain risks associated with the transfer of technology, knowledge, and tooling, which can affect the financial status of aircraft ice protection system manufacturers and expose them to revenue fluctuations.
Aerospace Plastic Market Leaders
Paco Plastics, Inc.
3P Performance Plastics Products
Loar Group, Inc.
Ensinger GmbH
Toray Industries, Inc.
*Disclaimer: Major Players sorted in no particular order
