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What Is the Growth Potential of the Aerospace Plastics Market in the Next Decade?
The aerospace plastics market size has grown strongly in recent years. It will grow from $0.79 billion in 2024 to $0.83 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to regulatory standards, environmental concerns, air travel demand, aging aircraft fleet, globalization of supply chains.
The aerospace plastics market size is expected to see strong growth in the next few years. It will grow to $1.06 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising electric and hybrid aircraft, shift in passenger preferences, rise in investment in aviation sector, rising demand for plastics. Major trends in the forecast period include sustainable materials, improved fire resistance, materials innovation, electrically conductive plastics, material traceability and certification.
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What Are the Major Drivers Influencing the Aerospace Plastics Market?
The increasing fleet size of commercial aircraft is significantly contributing to the growth of the aerospace plastics market. The aircraft fleet is known as the number of airplanes operated by the respective airline. Increasing fleet size requires new aircraft parts to be installed and the replacement of the old parts, thereby promoting the growth of aerospace plastics used in the manufacturing of aircraft parts. For instance, according to Boeing, a US-based aerospace company’s commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 airplanes by 2040. Therefore, the increasing fleet size of commercial aircraft is driving the growth of the aerospace plastics market.
Which Segment Holds the Largest Share in the Aerospace Plastics Market?
The aerospace plastics market covered in this report is segmented –
1) By Polymer Type: Polyether Ether Ketone (PEEK), Polymethyl Methacrylate (PMMA), Polycarbonates (PC), Polyphenylene Sulfide (PPS), Acrylonitrile Butadiene Styrene (ABS)
2) By Application: Aircraft Frame, Components, Cabin Interiors, Wings And Rotor Blades, Other Applications
3) By End-use: Commercial Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation
Subsegments:
1) By Polyether Ether Ketone (PEEK): Glass-Filled PEEK, Carbon-Filled PEEK, Unfilled PEEK
2) By Polymethyl Methacrylate (PMMA): Extruded PMMA, Cast PMMA, Impact-Modified PMMA
3) By Polycarbonates (PC): General-purpose Polycarbonate, High-Heat Polycarbonate, Impact-Resistant Polycarbonate
4) By Polyphenylene Sulfide (PPS): Unfilled PPS, Glass-Filled PPS, Carbon-Filled PPS
5) By Acrylonitrile Butadiene Styrene (ABS): Standard ABS, High-Impact ABS, Flame-Retardant ABS
What Are the Major Trends Impacting the Aerospace Plastics Market?
Major companies operating in the aerospace plastics market are innovating advanced products such as thermoplastic composite materials. Thermoplastic composite materials are advanced materials composed of a thermoplastic matrix combined with reinforcing fibers such as carbon, glass, or aramid. For instance, in October 2024, Toray Industries, Inc., a Japan-based materials manufacturer launched Toray Cetex TC1130 PESU (PolyEtherSulphone). Toray Cetex TC1130 PESU (PolyEtherSulphone) is a thermoplastic composite material used in aircraft interior applications. oray Cetex TC1130 provides exceptional fire, smoke, and toxicity (FST) performance, along with strong impact resistance and toughness.
Which Major Companies Are Operating in the Aerospace Plastics Market?
Major companies operating in the aerospace plastics market include Saudi Basic Industries Corporation, Badische Anilin- und Sodafabrik, Solvay SA, DuPont de Nemours, Inc., Victrex plc, Evonik Industries AG, Saint-Gobain Performance Plastics, Drake Plastics Co Ltd., PACO Plastics & Engineering Inc., Mitsubishi Chemical Advanced Materials, Rochling SE & Co. KG, Performance Plastics Products, Grafix Plastics, HITCO Carbon Composites Inc., Tech-Tool Plastics Inc., Hexcel Corporation, Owens-Corning Fiberglass Company, Performance Plastics Ltd., Polyfluor Plastics BV, Premium AEROTEC GmbH, Quadrant AG, Sumitomo Bakelite Co. Ltd., Teijin Ltd., Toray Industries Inc., Westlake Chemical Corporation, Zeus Industrial Products Inc., Zylog Plastalloys Pvt Ltd., Huntsman Corporation, Koninklijke Ten Cate BV, Loar Group Inc.
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Which Region Is Expected to Lead the Aerospace Plastics Market by 2029?
North America was the largest region in the aerospace plastics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the aerospace plastics market share during the forecast period. The regions covered in the aerospace plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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