The global aerospace plastics market size reached US$ 20.5 billion in 2023. The market is projected to reach US$ 35.8 billion by 2032, exhibiting a growth rate (CAGR) of 6.39% during 2023-2032. The increasing air traffic, the rising demand for lightweight and more proficient aircraft, and extensive research and development (R&D) activities represent some of the key factors driving the market.
Aerospace plastics are lightweight polymers used for several aerospace applications. They are extremely light in weight and are high-performance plastics for thermal, acoustic, and chemical resistance in aircraft. Polyether ether ketone (PEEK), acrylonitrile butadiene styrene (ABS), poly carbonates (PC), and polyphenylene sulfide (PPS) are some of the commonly used aerospace plastics. These plastics are used on aircraft structural components, including wing ribs and spars, fuel tank covers, landing gear hubcaps, pylon fairings, and radomes. Aerospace plastics are also used for designing and manufacturing avionics sensor plates, electronic component mounting brackets, and ventilation impeller blades. They exhibit toughness, high-temperature tolerance, excellent transparency, and chemical and impact resistance, and stand up to vibration and abrasion.
Aerospace plastics are lightweight polymers used for several aerospace applications. They are extremely light in weight and are high-performance plastics for thermal, acoustic, and chemical resistance in aircraft. Polyether ether ketone (PEEK), acrylonitrile butadiene styrene (ABS), poly carbonates (PC), and polyphenylene sulfide (PPS) are some of the commonly used aerospace plastics. These plastics are used on aircraft structural components, including wing ribs and spars, fuel tank covers, landing gear hubcaps, pylon fairings, and radomes. Aerospace plastics are also used for designing and manufacturing avionics sensor plates, electronic component mounting brackets, and ventilation impeller blades. They exhibit toughness, high-temperature tolerance, excellent transparency, and chemical and impact resistance, and stand up to vibration and abrasion.
Aerospace Plastics Market Trends
The increasing demand for lightweight and more proficient aircraft across the globe is one of the key factors driving the market growth. Aerospace plastics are widely used as they are lighter and bear high strength, which assists in the proper distribution of weight and balance system. In line with this, key manufacturers are focusing on the reduction of the overall weight of the aircraft while maintaining or even improving its total load-carrying capacity, which, in turn, is favoring the market growth. Moreover, the widespread product adoption to manufacture several cabin components, including cabin operations, air ducts, floor panels, and overhead luggage bins, is acting as another growth-inducing factor. Apart from this, the introduction of materials providing thermal stability as planes operate at variable temperatures and require high thermal stability is providing an impetus to the market growth. Furthermore, the increasing application of aerospace plastics in retrofitting activities of old aircraft cabins and individual seats, as they are cost-effective solutions, is propelling the market growth. Additionally, the rising product demand due to the adoption of advanced air traffic control and high-speed data transmission systems, is positively influencing the market growth. Along with this, the increasing utilization of ABS owing to its various advantages, such as excellent mechanical strength, durability, cost-effectiveness, and ease of installation properties, is providing a considerable boost to the market growth. Other factors, including the introduction of in-flight entertainment, increasing air traffic, extensive research and development (R&D) activities, the strong presence of aircraft manufacturers, and the rising demand for business jets and helicopters, are anticipated to drive the market growth further.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global aerospace plastics market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on material, aircraft type, and application.Material Insights:
- Acrylonitrile Butadiene Styrene (ABS)
- Polyether Ether Ketone (PEEK)
- Polymethyl Methacrylate (PMMA)
- Poly Carbonates (PC)
- Polyphenylene Sulfide (PPS)
- Others
Aircraft Type Insights:
- Commercial
- Military
- Rotorcraft
- Spacecraft
- Others
Application Insights:
- Cabin Interior
- Windows and Windshield
- Airframe
- Propulsion System
- Others
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global aerospace plastics market. Detailed profiles of all major companies have also been provided. Some of the companies covered include BASF SE, Drake Plastics Ltd. Co., DuPont de Nemours Inc., Ensinger GmbH, Mitsubishi Chemical Corporation, Polyfluor Plastics bv, PPG Industries Inc., Röchling SE & Co. KG, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Solvay SA, Victrex plc, Zeus Industrial Products Inc., etc.Key Questions Answered in This Report:
- How has the global aerospace plastics market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global aerospace plastics market?
- What are the key regional markets?
- Which countries represent the most attractive aerospace plastics markets?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the aircraft type?
- What is the breakup of the market based on the application?
- What is the competitive structure of the global aerospace plastics market?
- Who are the key players/companies in the global aerospace plastics market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Aerospace Plastics Market
6 Market Breakup by Material
7 Market Breakup by Aircraft Type
8 Market Breakup by Application
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- BASF SE
- Drake Plastics Ltd. Co. DuPont de Nemours Inc.
- Ensinger GmbH
- Mitsubishi Chemical Corporation
- Polyfluor Plastics bv
- PPG Industries Inc.
- Röchling SE & Co. KG
- Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
- Solvay SA
- Victrex plc
- Zeus Industrial Products Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 20.5 Billion |
| Forecasted Market Value ( USD | $ 35.8 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
