Press release
Key Factor Supporting Aerospace Plastics Market Development in 2025: Expanding Commercial Aircraft Fleets Fueling Aerospace Plastics Market Growth
Aerospace Plastics
How Large Will the Aerospace Plastics Market Size By 2025?
The market size of aerospace plastics has demonstrated robust growth in the past few years. This is expected to increase from $0.79 billion in 2024 to $0.84 billion in 2025, showing a compound annual growth rate (CAGR) of 6.2%. Factors such as regulatory requirements, environmental issues, air travel demand, an older aircraft fleet and the globalization of supply chains have contributed to historic period growth.
How Big Is the Aerospace Plastics Market Size Expected to Grow by 2029?
In the coming years, the aerospace plastics market is set to experience robust growth, reaching a market size of $1.08 billion in 2029 with a compound annual growth of 6.7%. Factors contributing to this predicted growth over the forecast period include an increase in electric and hybrid aircraft, changing passenger preferences, an upsurge in investment in the aviation sector, and a growing demand for plastics. Key trends to watch during this period include the use of sustainable materials, enhanced fire resistance, material innovation, electrically conductive plastics, and material traceability and certification.
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Which Key Market Drivers Powering Aerospace Plastics Market Expansion and Growth?
The escalation in the size of the commercial aircraft fleet is significantly fueling the growth of the aerospace plastics market. The term aircraft fleet refers to the count of airplanes managed by a specific airline. The expansion in fleet size necessitates the introduction of new aircraft parts, as well as the substitution of older ones. This, in turn, propels the increase in the usage of aerospace plastics for the production of aircraft components. For instance, Boeing, a US-based aerospace company's commercial market outlook for 2021-2040 predicts that the global commercial fleet count will surpass 49,000 airplanes by 2040. Hence, the escalating size of the commercial aircraft fleet is a chief driver for the expansion of the aerospace plastics market.
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Which Fast-Growing Trends Are Poised to Disrupt the Aerospace Plastics Market?
Leading firms in the aerospace plastics industry are introducing innovative products, notably thermoplastic composite materials. These advanced materials consist of a thermoplastic matrix that is coupled with reinforcing fibers like carbon, glass, or aramid. Toray Industries, Inc., a Japanese material manufacturer, for example, launched Toray Cetex TC1130 PESU (PolyEtherSulphone) in October 2024. This thermoplastic composite material is employed in various aircraft interior uses. Toray Cetex TC1130 is valued for its superior fire, smoke, and toxicity (FST) performance, robust impact resistance, and durability.
What Are the Emerging Segments in the Aerospace Plastics Market?
The aerospace plastics market covered in this report is segmented -
1) By Polymer Type: Polyether Ether Ke*tone (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 Ke*tone (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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Aerospace Plastics Industry?
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.
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