Press release
Aerospace Plastics Market Growth, Trends, Size, Share, Forecast to 2033
Aerospace Interior Adhesive Market
The Global Aerospace Plastics Market is seeing a surge in growth, and it is estimated to grow from its 2024 size of $0.79 billion to a staggering $0.84 billion in 2025 and ultimately to $1.08 billion by 2029. With a significant CAGR of 6.2% and 6.7% respectively, it is paving the way for more possibilities and opportunities.
What Is The Projected Market Size Of The Global Aerospace Plastics Market And Its Growth Rate?
• The aerospace plastics market will grow from $0.79 billion in 2024 to $0.84 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%.
• The market is expected to see strong growth and will reach $1.08 billion by 2029 at a CAGR of 6.7%.
What Is Driving The Growth In The Aerospace Plastics Market?
The astronomical increase in the size of the commercial aircraft fleet is significantly propelling the growth of the aerospace plastics market. The increase in fleet size necessitates new aircraft parts and the replacement of old ones, thereby escalating the demand for and growth of aerospace plastics used in the manufacturing of aircraft parts. Boeing, a leading US aerospace company, predicts that the global commercial fleet will exceed 49,000 airplanes by 2040, thus driving the growth of the aerospace plastics market.
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Who Are The Key Players Driving Aerospace Plastics Market Growth?
Prominent players 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
What Are The Key Trends In The Aerospace Plastics Market?
The aerospace plastics market is seeing key trends such as:
• Sustainable Materials
• Improved Fire Resistance
• Materials Innovation
• Electrically Conductive Plastics
• Material Traceability and Certification
What Are The Segments Of The Global Aerospace Plastics Market?
• Polymer Type: Polyether Ether K*etone (PEEK), Polymethyl Methacrylate (PMMA), Polycarbonates (PC), Polyphenylene Sulfide (PPS), Acrylonitrile Butadiene Styrene (ABS)
• Application: Aircraft Frame, Components, Cabin Interiors, Wings And Rotor Blades, Other Applications
• End-use: Commercial Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation
Which Region Leads The Aerospace Plastics Market?
North America led the aerospace plastics market in 2024. However, the fastest-growing region is predicted to be Asia-Pacific during the forecast period. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Aerospace Plastics Market Global Market Report?
• Market Size Analysis: Analyze the Aerospace Plastics Market size by regions, product types and applications.
• Market Segmentation Analysis: Identify various subsegments within the Aerospace Plastics Market for effective categorization.
• Key Player Focus: Focus on prominent players to define their market share and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the market.
• Market Contribution: Evaluate contributions of different segments to the overall Aerospace Plastics Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Aerospace Plastics Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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