Global Aircraft Plastic Fasteners Market Report 2022: A $150 Million Market by 2027 with a Promising Rebound Post Pandemic

Dublin, April 21, 2023 (GLOBE NEWSWIRE) -- The "Aircraft Plastic Fasteners Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027" report has been added to's offering.

The aircraft plastic fasteners market is likely to rebound at a promising CAGR of 14.4% in the long run to reach US$ 150 Million in 2027.

The aircraft plastic fasteners market is quite aligned with the organic growth of the aircraft industry. Due to the sudden outbreak of the pandemic, there was an enormous decline in the aircraft industry across regions.

The grave impact of this was registered across the supply chain including all the level of components. Aircraft plastic fasteners, a relatively small but unique market, also could not escape from such trends and witnessed a colossal decline (-41%+ in 2020) amid the pandemic, quite paralleling with the decline in the aircraft industry.

The industry was expecting to commence its recovery in 2021, however, due to temporary suspension of B787 deliveries and the postponement of refurbishment orders by several airlines led the industry to suffer a drastic decline again in 2021. The expected recovery in air passenger travel coupled with huge order backlogs of aircraft OEMs and retrofitting plans of older aircraft is likely to boost the demand for plastic fasteners from 2022 onwards.

Based on the aircraft type, the aircraft plastic fasteners market is segmented into commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. With the highest share of plastic fasteners, commercial aircraft is expected to remain the largest as well as the fastest-growing aircraft type in the market during the forecast period.

An expected recovery in air travel is pushing airframers to increase the production rate of key programs by both aircraft giants: Boeing and Airbus. As per the latest Airbus commercial aircraft outlook for 2022-2041, in the next twenty years, 39,490 commercial aircraft are likely to be delivered out of which 80% would be narrow-body aircraft only.

Nylon is expected to remain the dominant material type whereas composites are expected to be the fastest-growing material type in the market during the same period. Nylon exhibits several features such as high-tensile strength, electrical insulation, and corrosion resistance, and are strong, lightweight, and versatile. Nylon fasteners are offered by several major players such as Step'n Components, HellermannTyton, and Amphenol with different grades as it is the most suited material for fasteners.

Panel fasteners are expected to maintain their dominance, whereas bonded fasteners are expected to be the fastest-growing product type in the market during the forecast period. Panel fasteners are majorly used in honeycomb sandwich structures which are installed for larger areas, such as floor, walls, and ceiling panels. Bonded fasteners are generally bonded with high-performance adhesives (like epoxy) to eliminate the need to mechanically drill the holes for their insertion and provide clean fittings.

In terms of regions, North America is expected to remain the largest market for aircraft plastic fasteners during the forecast period. The region has the presence of a large number of major OEMs, such as Airbus, Boeing, Bombardier, and Lockheed Martin, as well as tier players, and raw material suppliers; making the region the growth engine of the aircraft industry.

The majority of aircraft plastic fastener manufacturers are having presence in the region to meet OEMs' urgent needs and serve as a partner and establish new contracts for early Covid-19 recovery.

Asia-Pacific is likely to grow at the fastest pace in the market over the next five years, driven by an expected rebound in aircraft deliveries to meet the rising air passenger travel, especially in emerging economies: China and India; healthy growth of low-cost carriers by private airlines for the affordable journey, upcoming aircraft program, C919 and expected to return of B737max in China.

Key Players

The aircraft plastic fasteners market is moderately consolidated with the presence of several small and big players across the globe. Most of the major players compete in some of the governing factors including price, product offerings, material used, applications and regional presence.

These players either have pre-defined contracts with top tie-players such as Spirit AeroSystems, and Triumph Group and OEMs such as Airbus, Boeing, and Lockheed Martin and have a large number of authorised distributors for the sale of plastic fasteners for wider geographical reach.

The following are the key players in the aircraft plastic fasteners market. Most of the major players are providing maximum fastener products with different plastic grades.

  • Amphenol Air LB
  • Boellhoff Group
  • Click Bond Inc
  • Howmet Aerospace Inc
  • Lisi Aerospace
  • Marketing Masters, Inc
  • NyltiteT Corporation of America
  • Sky Climber Fasteners, LLC
  • Step'n Components, LLC
  • Victrex Plc

Key Topics Covered:

1. Executive Summary

2. Aircraft Plastic Fasteners Market Environment Analysis
2.1. Supply Chain Analysis
2.2. PEST Analysis
2.3. Industry Life Cycle Analysis
2.4. Market Drivers
2.5. Market Challenges

3. Aircraft Plastic Fasteners Market Assessment (2016-2027)
3.1. Contribution of Plastic Fasteners in the Total Aircraft Fasteners Market
3.2. Aircraft Plastic Fasteners Market Trend and Forecast (US$ Million)
3.3. Pre-COVID vs Post-COVID Assessment
3.4. Real GDP Loss vs Aircraft Plastic Fasteners Market Loss (2022-2024)
3.5. Market Scenario Analysis: Growth Trajectories in Different Market Conditions

4. Aircraft Plastic Fasteners Market Segment Analysis (2016-2027)
4.1. Aircraft-Type Analysis
4.1.1. Commercial Aircraft: Regional Trend and Forecast (US$ Million)
4.1.2. Regional Aircraft: Regional Trend and Forecast (US$ Million)
4.1.3. Helicopters: Regional Trend and Forecast (US$ Million)
4.1.4. Military Aircraft: Regional Trend and Forecast (US$ Million)
4.1.5. General Aviation: Regional Trend and Forecast (US$ Million)
4.2. Material-Type Analysis
4.2.1. Composites: Regional Trend and Forecast (US$ Million)
4.2.2. High-Performance Thermoplastics: Regional Trend and Forecast (US$ Million)
4.2.3. Nylon: Regional Trend and Forecast (US$ Million)
4.2.4. Others: Regional Trend and Forecast (US$ Million)
4.3. Product-Type Analysis
4.3.1. Plastic Clamps: Regional Trend and Forecast (US$ Million)
4.3.2. Panel Fasteners: Regional Trend and Forecast (US$ Million)
4.3.3. Bonded Fasteners: Regional Trend and Forecast (US$ Million)
4.3.4. Others: Regional Trend and Forecast (US$ Million)
4.4. Regional Analysis

5. Competitive Analysis
5.1. Market Consolidation Level
5.2. Competitive Landscape
5.3. Market Share Analysis
5.4. Product Portfolio Analysis
5.5. Geographical Presence
5.6. New Product Launches
5.7. Strategic Alliances
5.8. Porter's Five Forces Analysis

6. Strategic Growth Opportunities
6.1. Market Attractiveness Analysis
6.1.1. Market Attractiveness by Aircraft Type
6.1.2. Market Attractiveness by Material Type
6.1.3. Market Attractiveness by Product Type
6.1.4. Market Attractiveness by Region
6.1.5. Market Attractiveness by Country
6.2. Growth Matrix Analysis
6.3. Strategic Implications
6.4. Key Success Factors (KSFs)

7. Company Profile of Key Players

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