Aerospace Plastics Market Size By Aircraft (Commercial Aircraft [Narrow Body, Wide Body], Regional Jet, Business Jet, Helicopter, Military Jet), By Application (Cabin Interiors, Window & Windshields, Airframe, Propulsion System), By Fit (Line Fit, Retrofit), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Aerospace Plastics Market Size By Aircraft (Commercial Aircraft [Narrow Body, Wide Body], Regional Jet, Business Jet, Helicopter, Military Jet), By Application (Cabin Interiors, Window & Windshields, Airframe, Propulsion System), By Fit (Line Fit, Retrofit), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Aerospace Plastics Market Size By Aircraft (Commercial Aircraft [Narrow Body, Wide Body], Regional Jet, Business Jet, Helicopter, Military Jet), By Application (Cabin Interiors, Window & Windshields, Airframe, Propulsion System), By Fit (Line Fit, Retrofit), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Aerospace Plastics Market Size
Aerospace Plastics Market size valued at around USD 47.6 million in 2019 and will showcase growth of around 8.4% from 2020 to 2026.
Rising air passenger traffic coupled with start of several new air travel routs across the globe will drive the demand for new aircrafts, thereby augmenting plastic consumption.
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Aerospace grade plastics are lightweight high-performance plastics for acoustic, thermal, and chemical resistance in aircraft. Lightweight and good strength are key advantages supporting material usage in new advanced passenger aircrafts such as A320neo family, A350 XWB, among others. Further, proliferating tourism sector and rising business travels are driving the demand for aerospace grade plastics.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Aerospace Plastics Market Size in 2019 | 47.6 Million (USD) |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 8.4% |
| 2026 Value Projection | 55.1 Million (USD) |
| Historical Data for | 2016 to 2019 |
| No. of Pages | 223 |
| Tables, Charts & Figures | 266 |
| Segments covered | Aircraft, Application, Fit, Country |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Technology advancements and product development will propel the market penetration
Ongoing developments of advanced polymers imparting chemical and flame resistance will fuel the market growth. For instance, in March 2017, Drake Plastics Ltd. Co. Plastics added Ryton R-4 in its advanced product portfolio for aerospace application. The airplanes operate at variable temperatures and require a high degree of thermal stability. The emergence of materials providing thermal stability without increasing the weight will induce significant growth potential.
The aerospace plastics industry will witness noteworthy demand with increasing aircraft fleet size. Aircraft manufacturers are taking initiatives for lowering gross weight to reduce emission and enhance performance. Stringent emission control initiatives adopted by governments across the globe are influencing the demand for lightweight and fuel-efficient aircrafts. According to the International Air Transport Association (IATA), the aerospace industry is working together to enhance fuel efficiency by an average of 1.5% per year and minimize carbon emissions to 50% by 2050 as compared to 2005.
Increasing replacement of metal components with plastics & composite materials will escalate the aerospace plastics demand. Polymers are around 10 times lighter than the metal counterparts without trade-off in durability. Manufacturers are utilizing plastics in interior applications for improved aesthetics and to maximize space within the aircraft interior. Moreover, its usage in galleys as insulators will further support the product demand.
Plastics are highly suitable for vacuum forming and easily transform into a wide variety of shapes. Materials can be easily moulded into complex shapes and geometries. Plastic manufacturers are improving the materials by enhancing their chemical composition and enriching their mechanical properties. Furthermore, the development of materials to replace aircraft doors and fuselages to withstand hydrolysis and radiation will boost the aerospace plastics market growth.
COVID-19 Impact
COVID-19 pandemic is adversely affecting aerospace sector with international air transport at halt across the globe. According to IATA financial outlook published in June 2019, the airlines are expected to lose USD 84.3 billion revenue in 2020. Additionally, Boeing incurred around 66% of lower aircraft deliveries in Q1 2020 as compared to Q1 2019. Further Airbus Q1 2020, report stated that, the company’s deliveries for Q1 2020 was around 24% lower as compared to Q1 2019. Exponential rise of cases in Europe, North America, and Asia Pacific for Q2 of 2020 will intensify adverse effect on aerospace industry for Q2 2020.
Aerospace Plastics Market Analysis
Increasing deployment of low-cost carriers is propelling the narrow body aerospace plastics industry size. The segment generated around USD 17 million revenue in 2019. Presence of wide airline networks along with expansion of air fleet in international markets is creating demand for new narrow body aircrafts. Creation of competitive fare structure offering economical air travel opportunities is escalating the demand for LCC, strengthening the market size expansion.
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Cabin interiors segment leads the market with over 50% share in 2019 and is expected to hold its leading position through 2026. Plastics are used in several cabin interior applications such as door slides, latches, drawers, stowage bins parts, stowage bin doors, seating, and other interior decorations. Aircraft manufacturers are developing high impact, fire-rated thermoplastic materials with improved durability, and chemical resistance. Moreover, the development of components complying with fungus test will escalate the industry growth.
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North America aerospace plastics market is predicted to generate over USD 25 million revenue by 2026. The presence of multiple aircraft manufacturers will drive the regional market demand. Aircraft manufacturers are employing lightweight components for complying with stringent regulatory standards imposed by multiple regulatory bodies such as the FAA. The materials have higher ductility compared to ceramics and lower weight than metal alloys.
Aerospace Plastics Market Share
Collaboration with other manufacturers or research institutions for product development are key strategies applied by manufacturers to enhance its market share. For instance, in August 2018, Solvay, Faurecia Clean Mobility, and Premium AEROTEC announced their collaboration to develop advanced materials and process technology to enhance the production of thermoplastic composites for aerospace & automotive industries.
Key plastics manufacturers operating in the market include
- BASF SE
- Paco Plastics & Engineering, Inc
- Paco Plastics BV
- EPTAM Precision Plastics
- Solvay
- Saint Gobain
- Victrex Plc
- Superior Plastics
This market research report on aerospace plastics includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD thousand from 2016 to 2026, for the following segments
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Market, By Aircraft
-
Commercia aircraft
- Narrow body
- Wide body
- Regional jet
- Business jet
- Helicopters
- Military jets
Market, By Application
-
Cabin interiors
- Windows & windshields
- Airframe
- Propulsion system
Market, By Fit
-
Line fit
- Retrofit
Market, By Region
-
North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
- Russia
- Netherlands
- Sweden
- Asia Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- Qatar
- UAE
- South Africa
- South Africa
Table of Content
Report Content
Chapter 1. Methodology and Scope
1.1. Market definitions
1.2. Base estimations & workings
1.2.1. North America
1.2.2. Europe
1.2.3. Asia Pacific
1.2.4. Latin America
1.2.5. Middle east & Africa
1.3. Forecast calculations
1.3.1. COVID-19 impact calculations on industry forecast
1.4. Data sources
1.4.1. Primary
1.4.2. Secondary
1.4.2.1. Paid sources
1.4.2.2. Public sources
Chapter 2. Executive Summary
2.1. Aerospace plastics industry 360° synopsis, 2016 - 2026
2.1.1. Business trends
2.1.2. Aircraft trends
2.1.3. Fit trends
2.1.4. Regional trends
Chapter 3. Aerospace Plastics Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 – 2026
3.2.1. COVID-19 impact on industry landscape
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.1.1. COVID-19 impact on raw material supply
3.3.2. Manufacturers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
3.3.5. Value chain disruption analysis (COVID-19 impact)
3.3.6. Vendor matrix
3.4. Technology landscape
3.4.1. Fused Deposition Modeling (FDM)
3.5. Regulatory landscape
3.5.1. North America
3.5.1.1. Federal Aviation Administration (FAA), DOT
3.5.2. Europe
3.5.2.1. European Commission
3.5.3. Asia Pacific
3.5.3.1. Korean Agency for Technology and Standards
3.5.4. Latin America
3.5.4.1. ASTM International
3.5.5. Middle East & Africa
3.5.5.1. South African Civil Aviation Technical Standards (SA-CATS)
3.6. Pricing analysis
3.6.1. Regional pricing
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. Asia Pacific
3.6.1.4. Latin America
3.6.1.5. Middle East & Africa
3.6.2. COVID-19 impact on pricing
3.6.3. Cost structure analysis
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.1.1. North America
3.7.1.1.1. Strong presence of aircraft manufacturers
3.7.1.2. Europe
3.7.1.2.1. Increasing demand for low cost carriers
3.7.1.3. Asia Pacific
3.7.1.3.1. Increasing aircraft deliveries and air passenger traffic
3.7.1.4. Latin America
3.7.1.4.1. Increasing demand for regional and commercial aircrafts
3.7.1.5. Middle East & Africa
3.7.1.5.1. Increasing demand for business jets and helicopters
3.7.2. Industry pitfalls & challenges
3.7.2.1. High cost of advanced materials
3.8. Innovation and sustainability
3.8.1. LEXAN XHR LIGHT sheets
3.9. Growth potential analysis
3.10. Porter’s analysis
3.11. Competitive landscape, 2019
3.11.1. Top players analysis, 2019
3.11.2. Key stakeholders
3.11.3. Strategy dashboard
3.12. PESTLE analysis
3.13. COVID-19 impact on aerospace plastics demand by aircraft
3.13.1. Commercial aircrafts
3.13.2. Regional jets
3.13.3. Business jets
3.13.4. Helicopters
3.13.5. Military jets
Chapter 4. Aerospace Plastics Market, By Aircraft
4.1. Aerospace plastics market share by aircraft, 2019 & 2026
4.2. Commercial aircraft
4.2.1. Global market estimates and forecasts, 2016 – 2026
4.2.2. Market estimates and forecast, by region, 2016 – 2026
4.2.3. Narrow body
4.2.3.1. Global market estimates and forecasts, 2016 – 2026
4.2.3.2. Market estimates and forecast, by region, 2016 – 2026
4.2.4. Wide body
4.2.4.1. Global market estimates and forecasts, 2016 – 2026
4.2.4.2. Market estimates and forecast, by region, 2016 – 2026
4.3. Regional jets
4.3.1. Global market estimates and forecasts, 2016 – 2026
4.3.2. Market estimates and forecast, by region, 2016 – 2026
4.4. Business jets
4.4.1. Global market estimates and forecasts, 2016 – 2026
4.4.2. Market estimates and forecast, by region, 2016 – 2026
4.5. Helicopters
4.5.1. Global market estimates and forecasts, 2016 – 2026
4.5.2. Market estimates and forecast, by region, 2016 – 2026
4.6. Military jets
4.6.1. Global market estimates and forecasts, 2016 – 2026
4.6.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 5. Aerospace Plastics Market, By Application
5.1. Aerospace plastics market share by application, 2019 & 2026
5.2. Cabin interiors
5.2.1. Global market estimates and forecasts, 2016 – 2026
5.2.2. Market estimates and forecast, by region, 2016 – 2026
5.3. Windows & windshields
5.3.1. Global market estimates and forecasts, 2016 – 2026
5.3.2. Market estimates and forecast, by region, 2016 – 2026
5.4. Airframe
5.4.1. Global market estimates and forecasts, 2016 – 2026
5.4.2. Market estimates and forecast, by region, 2016 – 2026
5.5. Propulsion system
5.5.1. Global market estimates and forecasts, 2016 – 2026
5.5.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 6. Aerospace Plastics Market, By Fit
6.1. Aerospace plastics market share by fit, 2019 & 2026
6.2. Line fit
6.2.1. Global market estimates and forecasts, 2016 – 2026
6.2.2. Market estimates and forecast, by region, 2016 – 2026
6.3. Retrofit
6.3.1. Global market estimates and forecasts, 2016 – 2026
6.3.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 7. Aerospace Plastics Market, By Region
7.1. Aerospace plastics market share by region, 2019 & 2026
7.2. North America
7.2.1. Market estimates and forecast, 2016 – 2026
7.2.2. Market estimates and forecast by aircraft, 2016 – 2026
7.2.3. Market estimates and forecast by application, 2016 – 2026
7.2.4. Market estimates and forecast by fit, 2016 – 2026
7.2.5. U.S.
7.2.5.1. Market estimates and forecast, 2016 – 2026
7.2.5.2. Market estimates and forecast by aircraft, 2016 – 2026
7.2.5.3. Market estimates and forecast by application, 2016 – 2026
7.2.5.4. Market estimates and forecast by fit, 2016 – 2026
7.2.6. Canada
7.2.6.1. Market estimates and forecast, 2016 – 2026
7.2.6.2. Market estimates and forecast by aircraft, 2016 – 2026
7.2.6.3. Market estimates and forecast by application, 2016 – 2026
7.2.6.4. Market estimates and forecast by fit, 2016 – 2026
7.3. Europe
7.3.1. Market estimates and forecast, 2016 – 2026
7.3.2. Market estimates and forecast by aircraft, 2016 – 2026
7.3.3. Market estimates and forecast by application, 2016 – 2026
7.3.4. Market estimates and forecast by fit, 2016 – 2026
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2016 – 2026
7.3.5.2. Market estimates and forecast by aircraft, 2016 – 2026
7.3.5.3. Market estimates and forecast by application, 2016 – 2026
7.3.5.4. Market estimates and forecast by fit, 2016 – 2026
7.3.6. UK
7.3.6.1. Market estimates and forecast, 2016 – 2026
7.3.6.2. Market estimates and forecast by aircraft, 2016 – 2026
7.3.6.3. Market estimates and forecast by application, 2016 – 2026
7.3.6.4. Market estimates and forecast by fit, 2016 – 2026
7.3.7. France
7.3.7.1. Market estimates and forecast, 2016 – 2026
7.3.7.2. Market estimates and forecast by aircraft, 2016 – 2026
7.3.7.3. Market estimates and forecast by application, 2016 – 2026
7.3.7.4. Market estimates and forecast by fit, 2016 – 2026
7.3.8. Italy
7.3.8.1. Market estimates and forecast, 2016 – 2026
7.3.8.2. Market estimates and forecast by aircraft, 2016 – 2026
7.3.8.3. Market estimates and forecast by application, 2016 – 2026
7.3.8.4. Market estimates and forecast by fit, 2016 – 2026
7.3.9. Spain
7.3.9.1. Market estimates and forecast, 2016 – 2026
7.3.9.2. Market estimates and forecast by aircraft, 2016 – 2026
7.3.9.3. Market estimates and forecast by application, 2016 – 2026
7.3.9.4. Market estimates and forecast by fit, 2016 – 2026
7.3.10. Poland
7.3.10.1. Market estimates and forecast, 2016 – 2026
7.3.10.2. Market estimates and forecast by aircraft, 2016 – 2026
7.3.10.3. Market estimates and forecast by application, 2016 – 2026
7.3.10.4. Market estimates and forecast by fit, 2016 – 2026
7.3.11. Russia
7.3.11.1. Market estimates and forecast, 2016 – 2026
7.3.11.2. Market estimates and forecast by aircraft, 2016 – 2026
7.3.11.3. Market estimates and forecast by application, 2016 – 2026
7.3.11.4. Market estimates and forecast by fit, 2016 – 2026
7.3.12. Netherlands
7.3.12.1. Market estimates and forecast, 2016 – 2026
7.3.12.2. Market estimates and forecast by aircraft, 2016 – 2026
7.3.12.3. Market estimates and forecast by application, 2016 – 2026
7.3.12.4. Market estimates and forecast by fit, 2016 – 2026
7.3.13. Sweden
7.3.13.1. Market estimates and forecast, 2016 – 2026
7.3.13.2. Market estimates and forecast by aircraft, 2016 – 2026
7.3.13.3. Market estimates and forecast by application, 2016 – 2026
7.3.13.4. Market estimates and forecast by fit, 2016 – 2026
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2016 – 2026
7.4.2. Market estimates and forecast by aircraft, 2016 – 2026
7.4.3. Market estimates and forecast by application, 2016 – 2026
7.4.4. Market estimates and forecast by fit, 2016 – 2026
7.4.5. China
7.4.5.1. Market estimates and forecast, 2016 – 2026
7.4.5.2. Market estimates and forecast by aircraft, 2016 – 2026
7.4.5.3. Market estimates and forecast by application, 2016 – 2026
7.4.5.4. Market estimates and forecast by fit, 2016 – 2026
7.4.6. India
7.4.6.1. Market estimates and forecast, 2016 – 2026
7.4.6.2. Market estimates and forecast by aircraft, 2016 – 2026
7.4.6.3. Market estimates and forecast by application, 2016 – 2026
7.4.6.4. Market estimates and forecast by fit, 2016 – 2026
7.4.7. Japan
7.4.7.1. Market estimates and forecast, 2016 – 2026
7.4.7.2. Market estimates and forecast by aircraft, 2016 – 2026
7.4.7.3. Market estimates and forecast by application, 2016 – 2026
7.4.7.4. Market estimates and forecast by fit, 2016 – 2026
7.4.8. South Korea
7.4.8.1. Market estimates and forecast, 2016 – 2026
7.4.8.2. Market estimates and forecast by aircraft, 2016 – 2026
7.4.8.3. Market estimates and forecast by application, 2016 – 2026
7.4.8.4. Market estimates and forecast by fit, 2016 – 2026
7.4.9. Singapore
7.4.9.1. Market estimates and forecast, 2016 – 2026
7.4.9.2. Market estimates and forecast by aircraft, 2016 – 2026
7.4.9.3. Market estimates and forecast by application, 2016 – 2026
7.4.9.4. Market estimates and forecast by fit, 2016 – 2026
7.4.10. Australia
7.4.10.1. Market estimates and forecast, 2016 – 2026
7.4.10.2. Market estimates and forecast by aircraft, 2016 – 2026
7.4.10.3. Market estimates and forecast by application, 2016 – 2026
7.4.10.4. Market estimates and forecast by fit, 2016 – 2026
7.5. Latin America
7.5.1. Market estimates and forecast, 2016 – 2026
7.5.2. Market estimates and forecast by aircraft, 2016 – 2026
7.5.3. Market estimates and forecast by application, 2016 – 2026
7.5.4. Market estimates and forecast by fit, 2016 – 2026
7.5.5. Brazil
7.5.5.1. Market estimates and forecast, 2016 – 2026
7.5.5.2. Market estimates and forecast by aircraft, 2016 – 2026
7.5.5.3. Market estimates and forecast by application, 2016 – 2026
7.5.5.4. Market estimates and forecast by fit, 2016 – 2026
7.5.6. Mexico
7.5.6.1. Market estimates and forecast, 2016 – 2026
7.5.6.2. Market estimates and forecast by aircraft, 2016 – 2026
7.5.6.3. Market estimates and forecast by application, 2016 – 2026
7.5.6.4. Market estimates and forecast by fit, 2016 – 2026
7.5.7. Argentina
7.5.7.1. Market estimates and forecast, 2016 – 2026
7.5.7.2. Market estimates and forecast by aircraft, 2016 – 2026
7.5.7.3. Market estimates and forecast by application, 2016 – 2026
7.5.7.4. Market estimates and forecast by fit, 2016 – 2026
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2016 – 2026
7.6.2. Market estimates and forecast by aircraft, 2016 – 2026
7.6.3. Market estimates and forecast by application, 2016 – 2026
7.6.4. Market estimates and forecast by fit, 2016 – 2026
7.6.5. Saudi Arabia
7.6.5.1. Market estimates and forecast, 2016 – 2026
7.6.5.2. Market estimates and forecast by aircraft, 2016 – 2026
7.6.5.3. Market estimates and forecast by application, 2016 – 2026
7.6.5.4. Market estimates and forecast by fit, 2016 – 2026
7.6.6. Qatar
7.6.6.1. Market estimates and forecast, 2016 – 2026
7.6.6.2. Market estimates and forecast by aircraft, 2016 – 2026
7.6.6.3. Market estimates and forecast by application, 2016 – 2026
7.6.6.4. Market estimates and forecast by fit, 2016 – 2026
7.6.7. UAE
7.6.7.1. Market estimates and forecast, 2016 – 2026
7.6.7.2. Market estimates and forecast by aircraft, 2016 – 2026
7.6.7.3. Market estimates and forecast by application, 2016 – 2026
7.6.7.4. Market estimates and forecast by fit, 2016 – 2026
7.6.8. South Africa
7.6.8.1. Market estimates and forecast, 2016 – 2026
7.6.8.2. Market estimates and forecast by aircraft, 2016 – 2026
7.6.8.3. Market estimates and forecast by application, 2016 – 2026
7.6.8.4. Market estimates and forecast by fit, 2016 – 2026
Chapter 8. Company Profiles
8.1. 3-P Performance Plastics Products
8.1.1. Business Overview
8.1.2. Financial Data
8.1.3. Product Landscape
8.1.4. SWOT Analysis
8.2. AIP
8.2.1. Business Overview
8.2.2. Financial Data
8.2.3. Product Landscape
8.2.4. SWOT Analysis
8.3. BASF SE
8.3.1. Business Overview
8.3.2. Financial Data
8.3.3. Product Landscape
8.3.4. Strategic Outlook
8.3.5. SWOT Analysis
8.4. Curbell Plastics Inc.
8.4.1. Business Overview
8.4.2. Financial Data
8.4.3. Product Landscape
8.4.4. Strategic Outlook
8.4.5. SWOT Analysis
8.5. Drake Plastics Ltd. Co.
8.5.1. Business Overview
8.5.2. Financial Data
8.5.3. Product Landscape
8.5.4. Strategic Outlook
8.5.5. SWOT Analysis
8.6. Ensinger
8.6.1. Business Overview
8.6.2. Financial Data
8.6.3. Product Landscape
8.6.4. Strategic Outlook
8.6.5. SWOT Analysis
8.7. EPTAM Precision Plastics
8.7.1. Business Overview
8.7.2. Financial Data
8.7.3. Product Landscape
8.7.4. Strategic Outlook
8.7.5. SWOT Analysis
8.8. Evonik Industries AG
8.8.1. Business Overview
8.8.2. Financial Data
8.8.3. Product Landscape
8.8.4. Strategic Outlook
8.8.5. SWOT Analysis
8.9. Mitsubishi Chemical Advanced Materials
8.9.1. Business Overview
8.9.2. Financial Data
8.9.3. Product Landscape
8.9.4. Strategic Outlook
8.9.5. SWOT Analysis
8.10. Paco Plastics & Engineering, Inc.
8.10.1. Business Overview
8.10.2. Financial Data
8.10.3. Product Landscape
8.10.4. SWOT Analysis
8.11. Performance Plastics Ltd.
8.11.1. Business Overview
8.11.2. Financial Data
8.11.3. Product Landscape
8.11.4. Strategic Outlook
8.11.5. SWOT Analysis
8.12. Polyfluor Plastics BY
8.12.1. Business Overview
8.12.2. Financial Data
8.12.3. Product Landscape
8.12.4. SWOT Analysis
8.13. SABIC
8.13.1. &n