The global aerospace plastics market size is expected to grow from $0.67 billion in 2021 to $0.71 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The global aerospace plastic market size is expected to grow to $0.87 billion in 2026 at a CAGR of 5.4%.
What is the Global Aerospace Plastics Market?
The aerospace plastics market consists of sales of aerospace plastics by entities (organizations, sole traders, partnerships) that provide durability, chemical, and fire resistance required for aircraft parts and interiors. Aerospace plastics are long-lasting and require less maintenance than other materials. These are lightweight, provide the same strength as metals, do not rust, and are easy to fabricate.
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What drives the Global 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 aerospace plastics market.
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Global Aerospace Plastics Market Segments
The global aerospace plastics market is segmented:
By Polymer Type: Polyether Ether Ketone (PEEK), Polymethyl Methacrylate (PMMA), Polycarbonates (PC), Polyphenylene Sulfide (PPS), Acrylonitrile Butadiene Styrene (ABS)
By Application: Aircraft Frame, Components, Cabin Interiors, Wings and Rotor Blades, Others
By End-Use: Commercial Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation
By Geography: The regions covered in the aerospace plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Aerospace Plastics Global Market Report 2022provides market size and growth forecasts for the global aerospace plastics market, global aerospace plastics market share, aerospace plastics market segments and geographies, aerospace plastics market competitive landscape including leading competitors’ revenues, profiles and market shares. The aerospace plastics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Aerospace Plastics Industry Playersinclude SABIC, BASF SE, Solvay, DuPont, Victrex Plc, Evonik Industries AG, Saint-Gobain Performance Plastics, Drake Plastics, PACO Plastics & Engineering Inc., Mitsubishi Chemical Advanced Materials, Rochling, Grafix Plastics, HITCO Carbon Composites Inc., Tech-Tool Plastics and Hexcel Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
