Press release
Aerospace Plastics Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Aerospace Plastics Market Size
The escalation in the number of commercial aircraft is playing a significant role in the expansion of the aerospace plastics market. The term aircraft fleet refers to the quantity of airplanes that a particular airline operates. This surge in fleet size necessitates the installation of new aircraft components and the replacement of outdated ones, thereby stimulating growth in the utilization of aerospace plastics for creating aircraft parts. For instance, Boeing, a US-based aerospace firm, forecasts in its commercial market outlook for 2021-2040 that the global commercial fleet will surpass 49,000 airplanes by 2040. Thus, the growth in the number of commercial aircraft is pushing forward the progress of the aerospace plastics market.
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What growth opportunities are expected to drive the aerospace plastics market's CAGR through 2034?
The market size for aerospace plastics has seen a significant expansion over the past few years. The market is expected to increase from $0.79 billion in 2024 to $0.84 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.2%. Factors such as regulatory norms, environmental considerations, the demand for air travel, the need for replacement of old aircraft, and the worldwide expansion of supply chains can be credited for the growth experienced in the historical period.
Significant expansion is projected in the aerospace plastics market in the upcoming years, with its value anticipated to touch $1.08 billion in 2029, projecting a compound annual growth rate (CAGR) of 6.7%. The augmentation during the forecast span can be credited to the increasing use of electric and hybrid aircraft, change in passenger tastes, increased funding for the aviation sector, and a growing need for plastics. The forthcoming trend projection points towards sustainable materials, enhanced fire resistance, innovative materials, electrically conductive plastics, material traceability, and certification.
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What are the emerging trends shaping the future of the aerospace plastics market?
Leading corporations in the aerospace plastics industry are pioneering the development of enhanced products like thermoplastic composite materials. These advanced substances are a blend of a thermoplastic matrix and reinforcing fibers such as carbon, glass, or aramid. For example, Toray Industries, Inc., a Japan-based materials manufacturing company, introduced Toray Cetex TC1130 PESU (PolyEtherSulphone) in October 2024. This thermoplastic composite material, Toray Cetex TC1130 PESU (PolyEtherSulphone), is utilised in the creation of aircraft interiors. Impressively, Toray Cetex TC1130 presents remarkable fire, smoke, and toxicity (FST) resistance, in addition to a strong impact resilience and toughness.
Which growth-oriented segments of the aerospace plastics market are leading the industry's development?
The aerospace plastics market covered in this report is segmented -
1) By Polymer Type: Polyether Ether ket*one (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 ket*one (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
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What regions are leading the charge in the aerospace plastics market?
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.
What companies are at the forefront of innovation 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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What Is Covered In The Aerospace Plastics Global Market Report?
•Market Size Forecast: Examine the aerospace plastics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the aerospace plastics market for a structured understanding.
•Key Players Overview: Analyze major players in the aerospace plastics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aerospace plastics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the aerospace plastics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aerospace plastics market.
•Industry Challenges: Identify potential risks and obstacles affecting the aerospace plastics market.
•Competitive Landscape: Review strategic developments in the aerospace plastics market, including expansions, agreements, and new product launches.
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