Soaring Demand Set to Propel Aerospace Plastics Market to $1.06 Billion by 2029

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What Is the Expected CAGR for the Aerospace Plastics Market Through 2025?
The market size of aerospace plastics has seen a robust growth in the past few years. The market, which was worth $0.79 billion in 2024, is projected to rise to $0.83 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.1%. The expansion in the historical period can be credited to factors such as regulatory norms, environmental issues, increased demand for air travel, an aging fleet of aircraft, and the globalization of supply chains.

What's the Projected Size of the Global Aerospace Plastics Market by 2029?
In the coming years, the aerospace plastics market is projected to witness robust growth, reaching $1.06 billion by 2029 with a 6.4% compound annual growth rate. This expected growth during the forecast period is largely due to the increasing usage of electric and hybrid aircraft, changing passenger preferences, growing investment in the aviation industry, and heightened demand for plastics. Key market trends predicted for the period include the growth of sustainable materials, better fire resistance, innovation in materials, the rise of electrically conductive plastics, as well as material traceability and certification.

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Top Growth Drivers in the Aerospace Plastics Industry: What's Accelerating the Market?
The aerospace plastics market growth is being significantly powered by the expanding size of commercial aircraft fleets. This fleet size refers to the number of planes a given airline operates. As fleet size grows, there is a need for the installation of new aircraft components and replacement of old ones, which in turn furthers the demand for aerospace plastics used in crafting these aircraft parts. For example, Boeing, a leading US aerospace firm, projects in its 2021-2040 commercial market outlook that the worldwide commercial fleet will top 49,000 aircraft by 2040. Hence, the growth of the commercial aircraft fleet size acts as a significant propellant for the expansion of the aerospace plastics market.

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What Trends Will Shape the Aerospace Plastics Market Through 2029 and Beyond?
Key players in the aerospace plastics market are pioneering the development of cutting-edge products like thermoplastic composite materials. These novel materials are formed from a thermoplastic matrix reinforced with fibers such as carbon, glass, or aramid. An example of this is Toray Industries, Inc., a materials manufacturer from Japan, which introduced Toray Cetex TC1130 PESU (PolyEtherSulphone) to the market in October 2024. Toray Cetex TC1130 PESU (PolyEtherSulphone) is a type of thermoplastic composite substance used widely in aircraft interior designs. It is noted for its excellent fire, smoke and toxicity (FST) attributes, as well as its remarkable impact resistance and durability.

What Are the Main Segments in the Aerospace Plastics Market?
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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Which Top Companies are Driving Growth 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 Regions Will Dominate the Aerospace Plastics Market Through 2029?
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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