What Does The Historic And Current Market Size Analysis Reveal For The Aerospace Plastics Market?
The Aerospace Plastics Market has demonstrated considerable growth in recent years.
• The market size was $0.79 billion in 2024 and rose further to reach $0.84 billion in 2025, showcasing a robust CAGR of 6.2%.
This growth during the historic period can be ascribed to several motivating factors such as stringent regulatory standards, escalating environmental concerns, burgeoning air travel demand, an aging aircraft fleet, and the globalisation of supply chains.
How Will The Aerospace Plastics Market Size Behave In The Forecasted Period?
The aerospace plastics market anticipates an impressive growth trajectory in the upcoming years.
• It is projected to accelerate to $1.08 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%.
The speculated growth in the forecast period can be credited to the rising adoption of electric and hybrid aircraft, a shift in passenger preferences, increased investment in the aviation sector, and a growing demand for plastics. Noteworthy trends in the forecast period include sustainable materials, enhanced fire resistance, materials innovation, electrically conductive plastics, material traceability, and certification.
What Are The Factors Driving The Growth Of The Aerospace Plastics Market?
The increasing fleet size of commercial aircraft significantly contributes to the growth of the aerospace plastics market. An escalating fleet size necessitates new aircraft parts and replacements for old parts, boosting the demand for aerospace plastics used in the manufacturing of these parts. For instance, according to Boeing's commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 airplanes by 2040, inducing growth in the aerospace plastics market.
How Is The Aerospace Plastics Market Segmented?
The aerospace plastics market addressed 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
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What Are The Major Trends Shaping the Aerospace Plastics Market?
Major companies in the aerospace plastics market are innovating advanced products like thermoplastic composite materials which are comprised of a thermoplastic matrix combined with reinforcing fibers like carbon, glass, or aramid. For example, in October 2024, Toray Industries, Inc. launched Toray Cetex TC1130 PESU, a thermoplastic composite material used in aircraft interior applications, offering exceptional fire, smoke, and toxicity performance, along with strong impact resistance and toughness.
Who Are The Key Players In The Aerospace Plastics Market?
Key players fostering innovation 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
What Are The Regional Dynamics Of The Aerospace Plastics Market?
In 2024, North America was the largest region in the aerospace plastics market. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
