Global Aerospace Plastics Market is projected to grow at an impressive rate through 2028 due to increased demand in the electronics industry. In the Consumer Electronics market, volume is expected to amount to 4,700 million units by 2027.
Over the next few years, the aerospace plastics market is anticipated to be driven by the rising demand for plastics in various aerospace applications, including cabin interiors, structural elements, electrical electronics and control panels, windows, windshields, and canopies. Performance and economy are directly impacted by overall airplane weight reduction. Additionally, it is predicted that a commercial airplane’s lifetime fuel running costs will be eliminated with a weight decrease of 1 kilogram (kg). Plastics are employed in place of aluminum and steel parts because they are lightweight and highly durable, increasing their proportion in the overall structure of an airplane.
The United States is regarded as the market leader in the aerospace sector worldwide, according to the International Trade Administration of the U.S. Department of Commerce. The nation is home to several aircraft producers, including Boeing, Lockheed Martin Corporation, Gulfstream Aerospace Corporation, and Airbus Helicopters, Inc., which has helped the aerospace industry flourish there. The Federal Aviation Administration has been mandated by the Continuous Lower Energy, Emissions and Noise (CLEEN) Program, to take actions to reduce noise and aviation emissions and increase fuel efficiency by 20%.
Growing Demand for Modernization and Expansion of Fleet Facility
Due to fleet expansion and modernization initiatives, the military, commercial, general aviation, and space industries’ respective applications are responsible for driving the market’s rising demand for new aircraft. Several rules and specifications, including UL94, FAR 25.853, ASTM, DFARs, MIL-PRF-5425, MIL-PRF-8184, and MIL-PRF-25690, must be followed by aerospace-grade polymers. The high R&D costs resulting from the manufacturers’ strict criteria prevent new players from entering the market without the necessary technological know-how for making aerospace-grade polymers. Furthermore, it is anticipated that the recent COVID-19-related interruption in the global raw material supply chain may temporarily impede the growth of the market under consideration during the projection period. Aerospace Plastics producers are expected to benefit from rising aircraft production and sales, particularly in developing nations. Leading manufacturers like Airbus and Boeing are significantly expanding the size of their global aircraft fleets, which drives the Aerospace Plastics market’s revenue growth. The demand for MRO (maintenance, repair, and overhaul) of various components, parts, and systems is anticipated to significantly increase as more aircraft are put into service; this is anticipated to augment the development in demand for Aerospace Plastics.
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Growing Demand of Urbanization and Luxurious Facility
Global air passenger traffic growth has increased demand for commercial aircraft, which has led to higher levels of commercial aircraft production. Future market expansion for Aerospace Plastics is anticipated to be fueled by the global rise in urbanization. Urbanization describes the flow of people from rural to urban areas and the rise in urban population density. For instance, the United Nations Department of Economic and Social Affairs projects that by 2050, 2.5 billion people, or 68% of the world’s population, will reside in urban regions. Therefore, the market for Aerospace Plastics is expanding due to increased global urbanization.
Recent Developments
- In February 2021, Boeing extended its contract with Diehl Aerospace GmbH, a division of the industry-leading supplier of airplane components, for the supply of the B787 Dreamliner interior lighting system. The present agreement ends in 2022, but the extension extends the relationship to 2032.
Market Segmentation
The Global Aerospace Plastics market is segmented by polymer type, by aircraft type, and by application. Based on resin type, the market is segmented into polyetheretherketone (PEEK), polyphenyl sulfide (PPS), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polymethyl methacrylate (PMMA), others. Based on aircraft type, the market is segmented into commercial and military aircraft. Based on application, the market is segmented into Flight Deck & Cockpit, Cabin Interiors and Structures
Market players
Evonik Industries AG, Victrex plc, Quadrant Engineering Plastics, Saudi Basic Industries Corporation, Vantage Plane Plastics, Toray Industries, Inc., International Aerospace Plastics Holdings LP, Solvay SA, Drake Plastics, and BASF SE are some of the key market players.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Polymer Type Aircraft Type Application |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Canada, Mexico; China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, South Africa, UAE, Saudi Arabia, Turkey, and Egypt. |
| Key companies profiled | Evonik Industries AG, Victrex plc, Quadrant Engineering Plastics, Saudi Basic Industries Corporation, Vantage Plane Plastics, Toray Industries, Inc., International Aerospace Plastics Holdings LP, Solvay SA, Drake Plastics, and BASF SE |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Global Aerospace Plastics Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Global Aerospace Plastics Market, By Polymer Type:
- Polyetheretherketone (PEEK)
- Polyphenyl Sulfide (PPS)
- Polycarbonate (PC)
- Acrylonitrile Butadiene Styrene (ABS)
- Polymethyl Methacrylate (PMMA)
- Others
- Global Aerospace Plastics Market, By Aircraft Type:
- Commercial
- Military Aircrafts
- Global Aerospace Plastics Market, By Application:
- Flight Deck & Cockpit
- Cabin Interiors and Structures
- Global Aerospace Plastics Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- South America
- Brazil
- Middle East & Africa
- North America
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies in Global Aerospace Plastics Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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Table of Content- Aerospace Plastics Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
- Voice of Customer
- Global Aerospace Plastics Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Polymer Type (Polyetheretherketone (PEEK), Polyphenyl Sulfide (PPS), Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Polymethyl Methacrylate (PMMA), Others)
5.2.2. By Aircraft Type (Commercial and Military Aircrafts)
5.2.3. By Application (Flight Deck & Cockpit, Cabin Interiors and Structures)
5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.5. By Company (2022)
5.3. Market Map
5.3.1. By Polymer Type
5.3.2. By Aircraft Type
5.3.3. By Application
5.3.4. By Region
5.4. Pricing Analysis
- North America Aerospace Plastics Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Polymer Type
6.2.2. By Aircraft Type
6.2.3. By Application
6.2.4. By Country
6.3. Pricing Analysis
6.4. North America: Country Analysis
6.4.1. United States Aerospace Plastics Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Polymer Type
6.4.1.2.2. By Aircraft Type
6.4.1.2.3. By Application
6.4.2. Mexico Aerospace Plastics Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Polymer Type
6.4.2.2.2. By Aircraft Type
6.4.2.2.3. By Application
6.4.3. Canada Aerospace Plastics Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Polymer Type
6.4.3.2.2. By Aircraft Type
6.4.3.2.3. By Application
- Europe Aerospace Plastics Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Polymer Type
7.2.2. By Aircraft Type
7.2.3. By Application
7.2.4. By Country
7.3. Pricing Analysis
7.4. Europe: Country Analysis
7.4.1. France Aerospace Plastics Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Polymer Type
7.4.1.2.2. By Aircraft Type
7.4.1.2.3. By Application
7.4.2. Germany Aerospace Plastics Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Polymer Type
7.4.2.2.2. By Aircraft Type
7.4.2.2.3. By Application
7.4.3. United Kingdom Aerospace Plastics Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Polymer Type
7.4.3.2.2. By Aircraft Type
7.4.3.2.3. By Application
7.4.4. Italy Aerospace Plastics Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Polymer Type
7.4.4.2.2. By Aircraft Type
7.4.4.2.3. By Application
7.4.5. Spain Aerospace Plastics Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Polymer Type
7.4.5.2.2. By Aircraft Type
7.4.5.2.3. By Application
- Asia-Pacific Aerospace Plastics Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Polymer Type
8.2.2. By Aircraft Type
8.2.3. By Application
8.2.4. By Country
8.3. Pricing Analysis
8.4. Asia-Pacific: Country Analysis
8.4.1. China Aerospace Plastics Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Polymer Type
8.4.1.2.2. By Aircraft Type
8.4.1.2.3. By Application
8.4.2. India Aerospace Plastics Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Polymer Type
8.4.2.2.2. By Aircraft Type
8.4.2.2.3. By Application
8.4.3. Japan Aerospace Plastics Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Polymer Type
8.4.3.2.2. By Aircraft Type
8.4.3.2.3. By Application
8.4.4. South Korea Aerospace Plastics Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Polymer Type
8.4.4.2.2. By Aircraft Type
8.4.4.2.3. By Application
8.4.5. Australia Aerospace Plastics Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Polymer Type
8.4.5.2.2. By Aircraft Type
8.4.5.2.3. By Application
- South America Aerospace Plastics Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Polymer Type
9.2.2. By Aircraft Type
9.2.3. By Application
9.2.4. By Country
9.3. Pricing Analysis
9.4. South America: Country Analysis
9.4.1. Brazil Aerospace Plastics Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Polymer Type
9.4.1.2.2. By Aircraft Type
9.4.1.2.3. By Application
- Middle East and Africa Aerospace Plastics Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Polymer Type
10.2.2. By Aircraft Type
10.2.3. By Application
10.2.4. By Country
10.3. Pricing Analysis
10.4. MEA: Country Analysis
10.4.1. South Africa Aerospace Plastics Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value & Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Polymer Type
10.4.1.2.2. By Aircraft Type
10.4.1.2.3. By Application
10.4.2. Saudi Arabia Aerospace Plastics Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value & Volume
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Polymer Type
10.4.2.2.2. By Aircraft Type
10.4.2.2.3. By Application
10.4.3. UAE Aerospace Plastics Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value & Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Polymer Type
10.4.3.2.2. By Aircraft Type
10.4.3.2.3. By Application
10.4.4. Turkey Aerospace Plastics Market Outlook
10.4.4.1. Market Size & Forecast
10.4.4.1.1. By Value & Volume
10.4.4.2. Market Share & Forecast
10.4.4.2.1. By Polymer Type
10.4.4.2.2. By Aircraft Type
10.4.4.2.3. By Application
10.4.5. Egypt Aerospace Plastics Market Outlook
10.4.5.1. Market Size & Forecast
10.4.5.1.1. By Value & Volume
10.4.5.2. Market Share & Forecast
10.4.5.2.1. By Polymer Type
10.4.5.2.2. By Aircraft Type
10.4.5.2.3. By Application
- Market Dynamics
11.1. Drivers
11.2. Challenges
- Market Trends & Developments
12.1. Merger & Acquisition
12.2. Product Launches
12.3. Recent Developments
- Porters Five Forces Analysis
13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Products
- Competitive Landscape
14.1. Business Overview
14.2. Company Snapshot
14.3. Products & Services
14.4. Financials (In case of listed companies)
14.5. Recent Developments
14.6. SWOT Analysis
14.6.1. Evonik Industries AG
14.6.2. Victrex plc
14.6.3. Quadrant Engineering Plastics
14.6.4. Saudi Basic Industries Corporation
14.6.5. Vantage Plane Plastics
14.6.6. Toray Industries, Inc.
14.6.7. International Aerospace Plastics Holdings LP
14.6.8. Solvay SA
14.6.9. Drake Plastics
14.6.10. BASF SE
- Strategic Recommendations