Aerospace Plastics Market

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Aerospace Plastics Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Polymer Type (Polyetheretherketone (PEEK), Polyphenyl Sulfide (PPS), Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Polymethyl Methacrylate (PMMA) And Others); By Aircraft Type (Commercial Aircraft, General And Business Aircraft, Military Aircraft, Rotary Aircraft, And Others); By Fit Type (Line Fit And Retrofit); By Application (Cabin Interiors, Window And Windshields, Airframe, Propulsion System, And Others); By Region (North America, Europe, The Asia Pacific, Latin America, The Middle East, And Africa),

  • Published Date: March 2022
  • Report ID: BWC22070
  • Available Format: PDF
  • Page: 232

Report Overview

The growth in the aerospace plastics market is attributed to the increasing replacement of old aircraft and the upgradation of existing aircraft along with the growing order of commercial aircraft in emerging economies.

Global Aerospace Plastics Market - Industry Trends & Forecast Report 2028

The global Aerospace Plastics market was worth USD 819.3 Million in 2021, and it is further projected to reach USD 1,150.4 Million by 2028. The growth in the aerospace plastics market is attributed to the increasing replacement of old aircraft as well as upgrading existing aircraft fleet. Moreover, rising demand for commercial aircraft from fast developing economies is also emerging as one of the key growth factors of the global aerospace plastics market. Rising technological advancements, increasing number of aircraft deliveries, and growing air passenger traffic are also positively impacting the growth of the global aerospace plastics market.

Aerospace Plastics Market

Aerospace Plastics Overview

Aerospace plastics are the type of plastics that are very lightweight and are considered as high-performance plastics. These plastics are resistant to adverse conditions such as thermal, acoustic, and chemical resistance in aircraft. Lightweight and good strength are key advantages of these plastics sustaining material usage in new advanced passenger aircrafts such as the A350 XWB and A320neo family, among others. A range of plastics, including acrylonitrile butadiene styrene (ABS), polyetheretherketone (PEEK), and polyphenylene sulphide, are being employed in various applications. Polyetherimide is another common material in the aircraft sector as it allows engineers to design parts that comply with the FAA's strict flame, smoke, and toxicity requirements.

Aerospace Plastics Market Trends

Growth Drivers

Increasing Replacement of Metal Components with Plastics and Composite Materials

 

Several advantages plastic's advantages make them an ideal option for the aerospace industry, such as corrosion resistance, lightweight, impact resistance, durability, and chemical resistance. Polymers used in aerospace industries are polyether ether ketone (PEEK), polymethyl methacrylate (PMMA), polycarbonates (PC), etc., used aircraft parts production such as interiors, engine components, airframes, ceilings, propulsion systems, mirrors, and others. Plastics used for aerospace industries weigh less than metals; plastics are rust-free; easy to fabricate. Plastics are totally head release compliant and offer various design flexibility in terms of texture, color, and patterns. Moreover, plastic parts survive more than metal and require less maintenance than metal parts. These factors contribute to the growth of the market.

Rising Technological Advancements Coupled with Development of Next Generation Narrow-Body Aircrafts

Increasing demand for aircraft in different aspects such as commercial aircraft, growing air logistics, military aircraft, personal aircrafts, and others leading to the more production and growth of aerospace plastics market resulting in deployment and technological advancements in the aerospace plastics industry. For instance, Collins aerospace's new material and production method reduce manufacturing cycle time by 80% decrease the weight of structures by atleast 50% compared to earlier iterations. Thus, the presence of wide airline networks along with the expansion of air fleet in international markets is creating demand for new narrow-body aircrafts and expanding the global aerospace plastics market.

Restraints

High Investment Costs and Lack of Raw Materials to Hinder the Growth Rate

The shortage of raw materials in manufacturing aerospace plastics and the limited range of materials available will impact the market growth. Manufacturing of aerospace plastics requires more effort in production than aluminum, and the lack of trained professionals as engineers have been working with aluminum for a long time and have excellent knowledge and confidence in that material may act as key restraint towards global aerospace plastics market growth rate in the forecast period. At the same time, high initial investment coupled with high maintenance costs and overall services may challenge the growth of the global aerospace plastics market during the forecast period.

Impact of COVID-19 On The Global Aerospace Plastics Market

COVID-19 pandemic has adversely affected the aerospace industries by restricting international air transport across the globe. According to IATA (The International Air Transport Association) financial outlook published in June 2019, the airline sector lost USD 84.3 billion in revenue in 2020. Additionally, Boeing incurred around 66% of lower aircraft deliveries in 2020 compared to 2019. Further, Airbus 2020 report stated that the company's deliveries in 2020 were approximately 24% lower than in Q1 2019. The exponential rise of cases in Europe, North America, and the Asia Pacific intensified adverse effects on the aerospace industry in 2020.

Global Aerospace Plastics – By Polymer Type

The global aerospace plastics market is segmented into the following categories based on the polymer type: polyetheretherketone (PEEK), polyphenyl Sulfide (PPS), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polymethyl methacrylate (PMMA), and others. Amidst the segmentation, Polymethyl Methacrylate (PMMA), also called acrylic or acrylic glass, is a transparent thermoplastic that dominates the global aerospace plastic market. Due to its excessive use in the aerospace industry, it is widely used in manufacturing aircraft canopies. Moreover, polymethyl methacrylate is used as an alternative for glass to manufacture airplane windows which acts as a market growth driver in the present and upcoming years.

Aerospace Plastics Market Share

Global Aerospace Plastics Market- By Aircraft Type

Based on aircraft type, the global aerospace plastics market is fragmented into the following categories: commercial aircraft, general and business aircraft, military aircraft, rotary aircraft, and others. Amidst the segmentation, the commercial aircraft is expected to grow at the highest CAGR in terms of value. The expanding global economy and rising air passenger traffic are predicted to increase demand for commercial aircraft, and thus for aerospace polymers.

Global Aerospace Plastics Market- By Applications

Based on Application, the market is segmented into the following categories: cabin windows & windshields, cabin interior, aircraft panels, overhead storage bins, aircraft canopy, and others. Amidst the segmentation, the cabin interiors segment leads the market by accounting for over more than half of the market share in 2021 and is predicted to maintain its leading position in the coming years. Plastics are used in several cabin interior applications such as latches, door slides, drawers, etc. Aircraft manufacturers are developing high-impact, fire-resistant thermoplastic materials with improved durability and chemical resistance of aerospace plastics.

Global Aerospace Plastics Market- Regional Insights                                         

On the basis of region, the global aerospace plastics market is segmented into North America, Europe, The Asia Pacific, Latin America, The Middle East, and Africa. Among all the regions, North America is the leading market for Aerospace Plastics. Demand is higher in North America, as key aircraft manufacturers such as Boeing (US) and Bombardier (Canada) are based in the region. Moreover, the high investments in research and development and technological innovations in the region also fuel the market growth. Followed by North America, Europe, and the Asia-Pacific region anticipated to grow at a higher CAGR during the forecast period.

Competitive Landscape

The global aerospace plastics market is characterized by the presence of many local, regional, and global vendors. The key players operating in the global aerospace plastics market are Tech-Tool Plastics Inc., HITCO Carbon Composites, Inc., Premium Aerotec, Toray Carbon Fibers America Inc., Mitsubishi Heavy Industries Limited, Toho Tenax Company Limited, Ensinger GmbH, Hexcel Corporation, SGL Carbon SE., Saudi Basic Industries Corporation, Hyosung Corporation, Kaman Corporation, and other prominent players.

Recent Development

  • February 2022: Collins Aerospace is helping to shape the future of thermoplastics by pairing its long history of aerostructures manufacturing with newly expanded capabilities augmented by its 2021 acquisition of another leader in the field, Dutch Thermoplastic Components BV (DTC).

 

  • November 2019: Premium AEROTEC GmbH successfully demonstrated modern hybrid architecture for future lightweight aircraft structures. Upon completing the project TOAST (Thermoplastic Additive Manufacturing Structure), Premium AEROTEC GmbH demonstrated the enormous possibilities for future lightweight constructions that a modern hybrid design combining carbon fiber reinforced plastic and metal can offer.

Scope of Report

 

Attribute Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Market Coverage United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa
Product/Service Segmentation By polymer type, by aircraft type, by fit type, by applications, by region
Key Players The key players operating in the global Aerospace Plastics market are Tech-Tool Plastics Inc., HITCO Carbon Composites, Inc., Premium Aerotec, Toray Carbon Fibers America Inc., Mitsubishi Heavy Industries Limited, Toho Tenax Company Limited, Ensinger GmbH, Hexcel Corporation, SGL Carbon SE., Saudi Basic Industries Corporation, Hyosung Corporation, Kaman Corporation, and other prominent players.

 

By Polymer Type

  • Polyetheretherketone (PEEK)
  • Polyphenyl Sulfide (PPS)
  • Polycarbonate (PC)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polymethyl Methacrylate (PMMA)
  • Others

By Aircraft Type

      •  
  • Commercial Aircraft
  • General and Business Aircraft
  • Military Aircraft
  • Rotary Aircraft
  • Others

By Fit Type

      •  
  • Line Fit
  • Retrofit

By Applications

  • Cabin Interior
  • Propulsion System
  • Airframe
  • Window and Windshields

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Aerospace Plastics Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Recent Development/Technological Landscape
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Aerospace Plastics Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Polymer Type
        1. Polyetheretherketone (PEEK)
        2. Polyphenyl Sulfide (PPS)
        3. Polycarbonate (PC)
        4. Acrylonitrile Butadiene Styrene (ABS)
        5. Polymethyl Methacrylate (PMMA)
        6. Others
      2. By Aircraft Type
        1. Commercial Aircraft
        2. General and Business Aircraft
        3. Military Aircraft
        4. Rotary Aircraft
        5. Others
      3. By Applications
        1. Cabin Interiors
        2. Window and Windshields
        3. Airframe
        4. Propulsion System
        5. Others
      4. By Fit Type
        1. Line Fit
        2. Retrofit
        3. Others
      5. By Region
        1. North America
        2. Europe
        3. The Asia Pacific
        4. Latin America
        5. The Middle East and Africa
  6. North America Aerospace Plastics Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Polymer Type
      2. By Aircraft Type
      3. By Applications
      4. By Fit Type
      5. By Country
        1. United States
        2. Canada
  7. Europe Aerospace Plastics Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Polymer Type
      2. By Aircraft Type
      3. By Applications
      4. By Fit Type
      5. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. The Asia Pacific Aerospace Plastics Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Polymer Type
      2. By Aircraft Type
      3. By Applications
      4. By Fit Type
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  9. Latin America Aerospace Plastics Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Polymer Type
      2. By Aircraft Type
      3. By Applications
      4. By Fit Type
      5. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. The Middle East &Africa Aerospace Plastics Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Polymer Type
      2. By Aircraft Type
      3. By Applications
      4. By Fit Type
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership)
  12. Impact of Covid-19 on Global Aerospace Plastics Market Industry
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Tech-Tool Plastics Inc.
    2. HITCO Carbon Composites Inc.
    3. Premium Aerotec
    4. Toray Carbon Fibers America Inc.
    5. Mitsubishi Heavy Industries Limited
    6. Toho Tenax Company Limited
    7. Ensinger GmbH
    8. Hexcel Corporation
    9. SGL Carbon SE
    10. Saudi Basic Industries Corporation
    11. Hyosung Corporation
    12. Kaman Corporation
    13. SABIC
    14. Victrex
    15. Drake Plastics Ltd.
    16. Solvay
    17. BASF SE
    18. Evonik
    19. Vantage Plane Plastics
    20. Other prominent players.
  14. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1

Global Aerospace Plastics Market Segmentation

Figure 2

Global Aerospace Plastics Market Value Chain Analysis

Figure 3

Company Market Share Analysis, 2021

Figure 4

Global Aerospace Plastics Market Size, By Value (USD Million), 2018-2028

Figure 5

Global Aerospace Plastics Market Share, By Polymer Type, By Value, 2018-2028

Figure 6

Global Aerospace Plastics Market Share, By Aircraft Type, By Value, 2018-2028

Figure 7

Global Aerospace Plastics Market Share, By Applications, By Value, 2018-2028

Figure 8

Global Aerospace Plastics Market Share, By Fit Type, By Value, 2018-2028

Figure 9

Global Aerospace Plastics Market Share, By Region, By Value, 2018-2028

Figure 10

North America Aerospace Plastics Market Size, By Value (USD Million), 2018-2028

Figure 11

North America Aerospace Plastics Market Share, By Polymer Type, By Value, 2018-2028

Figure 12

North America Aerospace Plastics Market Share, By Aircraft Type, By Value, 2018-2028

Figure 13

North America Aerospace Plastics Market Share, By Applications, By Value, 2018-2028

Figure 14

North America Aerospace Plastics Market Share, By Fit Type, By Value, 2018-2028

Figure 15

North America Aerospace Plastics Market Share, By Country, By Value, 2018-2028

Figure 16

Europe Aerospace Plastics Market Size, By Value (USD Million), 2018-2028

Figure 17

Europe Aerospace Plastics Market Share, By Polymer Type, By Value, 2018-2028

Figure 18

Europe Aerospace Plastics Market Share, By Aircraft Type, By Value, 2018-2028

Figure 19

Europe Aerospace Plastics Market Share, By Applications, By Value, 2018-2028

Figure 20

Europe Aerospace Plastics Market Share, By Fit Type, By Value, 2018-2028

Figure 21

Europe Aerospace Plastics Market Share, By Country, By Value, 2018-2028

Figure 22

The Asia-Pacific Aerospace Plastics Market Size, By Value (USD Million), 2018-2028

Figure 23

The Asia-Pacific Aerospace Plastics Market Share, By Polymer Type, By Value, 2018-2028

Figure 24

The Asia-Pacific Aerospace Plastics Market Share, By Aircraft Type, By Value, 2018-2028

Figure 25

The Asia-Pacific Aerospace Plastics Market Share, By Applications, By Value, 2018-2028

Figure 26

The Asia-Pacific Aerospace Plastics Market Share, By Fit Type, By Value, 2018-2028

Figure 27

The Asia-Pacific Aerospace Plastics Market Share, By Country, By Value, 2018-2028

Figure 28

Latin America Aerospace Plastics Market Size, By Value (USD Million), 2018-2028

Figure 29

Latin America Aerospace Plastics Market Share, By Polymer Type, By Value, 2018-2028

Figure 30

Latin America Aerospace Plastics Market Share, By Aircraft Type, By Value, 2018-2028

Figure 31

Latin America Aerospace Plastics Market Share, By Applications, By Value, 2018-2028

Figure 32

Latin America Aerospace Plastics Market Share, By Fit Type, By Value, 2018-2028

Figure 33

Latin America Aerospace Plastics Market Share, By Country, By Value, 2018-2028

Figure 34

The Middle East & Africa Aerospace Plastics Market Size, By Value (USD Million), 2018-2021

Figure 35

The Middle East & Africa Aerospace Plastics Market Share, By Polymer Type, By Value, 2018-2028

Figure 36

The Middle East & Africa Aerospace Plastics Market Share, By Aircraft Type, By Value, 2018-2028

Figure 37

The Middle East & Africa Aerospace Plastics Market Share, By Applications, By Value, 2018-2028

Figure 38

The Middle East & Africa Aerospace Plastics Market Share, By Fit Type, By Value, 2018-2028

Figure 39

The Middle East & Africa Aerospace Plastics Market Share, By Country, By Value, 2018-2028

 

List of Tables

 

Table 1         Global Aerospace Plastics Market Size, By Polymer Type, By Value, 2018-2028

Table 2         Global Aerospace Plastics Market Size, By Aircraft Type, By Value, 2018-2028

Table 3         Global Aerospace Plastics Market Size, By Applications, By Value, 2018-2028

Table 4         Global Aerospace Plastics Market Size, By Fit Type, By Value, 2018-2028

Table 5         Global Aerospace Plastics Market Size, By Region, By Value, 2018-2028

Table 6         North America Aerospace Plastics Market Size, By Polymer Type, By Value, 2018-2028

Table 7         North America Aerospace Plastics Market Size, By Aircraft Type, By Value, 2018-2028

Table 8         North America Aerospace Plastics Market Size, By Applications, By Value, 2018-2028

Table 9         North America Aerospace Plastics Market Size, By Fit Type, By Value, 2018-2028

Table 10        North America Aerospace Plastics Market Size, By Country, By Value, 2018-2028

Table 11        Europe Aerospace Plastics Market Size, By Polymer Type, By Value, 2018-2028

Table 12        Europe Aerospace Plastics Market Size, By Aircraft Type, By Value, 2018-2028

Table 13        Europe Aerospace Plastics Market Size, By Applications, By Value, 2018-2028

Table 14        Europe Aerospace Plastics Market Size, By Fit Type, By Value, 2018-2028

Table 15        Europe Aerospace Plastics Market Size, By Country, By Value, 2018-2028

Table 16        The Asia-Pacific Aerospace Plastics Market Size, By Polymer Type, By Value, 2018-2028

Table 17        The Asia-Pacific Aerospace Plastics Market Size, By Aircraft Type, By Value, 2018-2028

Table 18        The Asia-Pacific Aerospace Plastics Market Size, By Applications, By Value, 2018-2028

Table 19        The Asia-Pacific Aerospace Plastics Market Size, By Fit Type, By Value, 2018-2028

Table 20        The Asia-Pacific Aerospace Plastics Market Size, By Country, By Value, 2018-2028

Table 21        Latin America Aerospace Plastics Market Size, By Polymer Type, By Value, 2018-2028

Table 22        Latin America Aerospace Plastics Market Size, By Aircraft Type, By Value, 2018-2028

Table 23        Latin America Aerospace Plastics Market Size, By Applications, By Value, 2018-2028

Table 24        Latin America Aerospace Plastics Market Size, By Fit Type, By Value, 2018-2028

Table 25        Latin America Aerospace Plastics Market Size, By Country, By Value, 2018-2028

Table 26        The Middle East & Africa Aerospace Plastics Market Size, By Polymer Type, By Value, 2018-2028

Table 27        The Middle East & Africa Aerospace Plastics Market Size, By Aircraft Type, By Value, 2018-2028

Table 28        The Middle East & Africa Aerospace Plastics Market Size, By Applications, By Value, 2018-2028

Table 29        The Middle East & Africa Aerospace Plastics Market Size, By Fit Type, By Value, 2018-2028

Table 30        The Middle East & Africa Aerospace Plastics Market Size, By Country, By Value, 2018-2028

Table 31        Tech-Tool Plastics Inc. Company Overview

Table 32        Tech-Tool Plastics Inc. Financial Overview

Table 33        HITCO Carbon Composites Inc. Company Overview

Table 34        HITCO Carbon Composites Inc. Financial Overview

Table 35        Toray Carbon Fibers America Inc. Company Overview

Table 36        Toray Carbon Fibers America Inc. Financial Overview

Table 37        Mitsubishi Heavy Industries Limited Company Overview

Table 38        Mitsubishi Heavy Industries Limited Financial Overview

Table 39        Ensinger GmbH Company Overview

Table 40        Ensinger GmbH Financial Overview

Table 41        SGL Carbon SE Company Overview

Table 42        SGL Carbon SE Financial Overview

Table 43        Saudi Basic Industries Corporation Company Overview

Table 44        Saudi Basic Industries Corporation Financial Overview

Table 45        Hyosung Corporation Company Overview

Table 46        Hyosung Corporation Financial Overview

Table 47        Kaman Corporation Company Overview

Table 48        Kaman Corporation Financial Overview

Table 49        SABIC Company Overview

Table 50        SABIC Financial Overview

Table 51        Victrex Company Overview

Table 52        Victrex Financial Overview

Table 53        Drake Plastics Ltd. Company Overview

Table 54        Drake Plastics Ltd. Financial Overview

Table 55        Solvay Company Overview

Table 56        Solvay Financial Overview

Table 57        BASF SE Company Overview

Table 58        BASF SE Financial Overview

Table 59        Evonik Company Overview

Table 60        Evonik Financial Overview Tables

 

Market Segmentation

By Polymer Type

  • Polyetheretherketone (PEEK)
  • Polyphenyl Sulfide (PPS)
  • Polycarbonate (PC)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polymethyl Methacrylate (PMMA)
  • Others

By Aircraft Type

      •  
  • Commercial Aircraft
  • General and Business Aircraft
  • Military Aircraft
  • Rotary Aircraft
  • Others

By Fit Type

      •  
  • Line Fit
  • Retrofit

By Applications

  • Cabin Interior
  • Propulsion System
  • Airframe
  • Window and Windshields

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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Frequently Asked Questions (FAQs):

Ans: The aerospace plastics market reached USD 819.3 Million in 2021 across the globe.
Ans: The growth in the aerospace plastics market is attributed to the increasing replacement of old aircrafts and upgradation of existing aircraft along with growing order of commercial aircrafts in emerging economies.
Ans: The key players operating in the global aerospace plastics market are Tech-Tool Plastics Inc., HITCO Carbon Composites, Inc., Premium Aerotec, Toray Carbon Fibers America Inc., Mitsubishi Heavy Industries Limited, Toho Tenax Company Limited, Ensinger GmbH, Hexcel Corporation, SGL Carbon SE., Saudi Basic Industries Corporation, Hyosung Corporation, Kaman Corporation, and other prominent players.
Ans: The commercial aircraft segments accounted for the largest global aerospace plastics market share.
Ans: Asia-Pacific region is growing in the global aerospace plastics market at a higher rate.