Market Share of Aerospace Plastics Industry
The aerospace plastics market is fragmented and 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. Market players' revenues also depend on sales to airline operators, aircraft, and space system manufacturers; hence, they are cyclic. Some of the key market players are Paco Plastics, Inc., 3P Performance Plastics Products, Loar Group, Inc., Ensinger GmbH, and Toray Industries, Inc.
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, delays, or even termination, depending on market conditions. Moreover, certain risks are 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
