USD 18.01 Billion
Aerospace Plastics Market Size, Share, and Growth Analysis
Aerospace Plastics Market By Material (Acrylonitrile Butadiene Styrene (ABS), Poly Carbonates (PC)), By Type (Commercial, Military), By Application (Cabin Interior, Windows & Windshield), By Region -Industry Forecast 2024-2032
Report ID:
SQMIG20A2264 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
95
|Figures:
72
Format -
Aerospace Plastics Market Insights
Aerospace Plastics Market size was valued at USD 18.01 Billion in 2023 and is poised to grow from USD 19.29 Billion in 2024 to USD 26.65 Billion by 2032, growing at a CAGR of 7.12% during the forecast period (2025-2032).
The aerospace plastics market now has a significant range of applications undergoing rapid change. One of the most notable is the ever-growing demand for high-performance, lightweight plastics in the aircraft industry. Advanced and high-performance plastics are utilized more and more in the design and manufacture of aircraft components by aerospace manufacturers as a part of their continuing focus on increasing fuel efficiency, lowering emissions, and improving performance. Another parameter that hugely directs market dynamics in the global aerospace plastics market is environmental sustainability.
The usage of recyclable and environmentally friendly plastics is becoming more popular as the aerospace sector comes under rising scrutiny for its effects on the environment. In an effort to reduce the two critical issues of material waste and disposal at the end of the life cycle, manufacturers are investing in research and development activities to produce such plastics for aviation that have a greater sustainable profile. This is in fact aligned with the larger trend towards globally sustainable and eco-friendly production practices. With regard to aerospace plastics, advancements significantly influence the trends of the market. The perfect ongoing research is to develop the strength, heat, flame retarded, and various other performance aspects of aerospace polymers in use today.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Acrylonitrile Butadiene Styrene (ABS)
Fastest Growth
Poly Carbonates (PC)
Growth Rate
7.12% CAGR
Global Aerospace Plastics Market ($ Bn)
Country Share by Asia Pacific (%)
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Aerospace Plastics Market Segments Analysis
Global Aerospace Plastics Market is segmented by Polymer Type, Aircraft Type, Application, and Region. Based on Polymer 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 Aircraft, General & Business Aircraft, Military Aircraft, Rotary Aircraft, Others. Based on Application, the market is segmented into Cabin Windows And Windshields, Cabin Lighting, Overhead Storage Bins, Aircraft Panels, Aircraft Canopy, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Material
As per categorization by material, the market is classified as polyether ether ketone (PEEK), poly methyl methacrylate (PMMA), acrylonitrile butadiene styrene (ABS), poly carbonates (PC), polyphenylene sulfide (PPS) and others. Among these, acrylonitrile butadiene styrene (ABS) earned the largest share and continues to hold the dominant global aerospace plastics market share. The rapid emerging trends in the global aerospace plastics market are attributable to the qualities of ABS (Acrylonitrile Butadiene Styrene) in terms of strength, durability, and impact resistance. It is one of the major materials used in aircraft interiors such as seat parts, panels for the dashboard, cabin structures, etc., due to its excellent thermal stability and chemical resistance. ABS weighs less, which makes fuel efficient, hence preferred by aerospace manufacturers. Its emergence is due to the combination of performance, economy, and versatility in high-stress applications.
Polycarbonates (PC) are poised to be the fastest-growing material in the global aerospace plastics market due to their exceptional optical clarity, high impact resistance, and thermal stability. PC offers best properties regarding visibility and safety for aerospace applications, including window, cockpit canopies, and cabin enclosures. For example, polycarbonate material appears to have a light weight that adds fuel economy as well as enhances aircraft performance. Polycarbonates will be increasingly adopted as the aerospace manufacturers gear up production for lightweight, strong, and high-performance materials. Additional worth for the material will be its ability to survive extreme higher temperatures and keep strength under stress in conjunction with all other development trends in this industry that is developing rapidly.
Analysis by Type
The commercial segment is dominating the global aerospace plastics market, driven by innovations in lightweight, durable, and cost-effective materials. Most aircraft makers seem to be adopting such modern plastics as Acrylonitrile Butadiene Styrene or ABS, Polycarbonates (PC) along with Thermoplastic Polyimide or TPI, mostly for use in their aircraft interiors, structures, and window systems. Fuel efficiency and maintenance cost saving are some of the advantages of these plastics. They also grant improvements in strength-to-weight ratio with the ultimate goal of reducing the entire weight of the aircraft, which becomes vital in matching up with fuel efficiency norms. Growth in commercial aviation, piling on the need for sustainable environmentally contrary and high-performance products further drives the uptake of these new plastics, thus cementing the standing of the front against competition from other segments.
The military segment is expected to be the fastest-growing in the global aerospace plastics market due to increasing defense budgets and advancements in military aircraft design. Aerospace plastics are mostly high performance composites required in producing light but durable components for military aircraft, drones, and defense systems. These materials provide high strength, heat resistance, and lower radar visibility-all pertinent military requirements. Demand for more fuel-efficient, stealthier, and better materials used in unmanned aerial vehicles (UAVs) is further propelling the growth of military-type aerospace plastics. Increasing global concerns of security are thus boosting the investment on military aviation and defense technologies that accelerate the use of such materials.
Global Aerospace Plastics Market By Material (%)
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Aerospace Plastics Market Regional Insights
Asia Pacific is dominating the global aerospace plastics market due to rapid industrialization, increasing aircraft production, and a significant rise in air travel within the region. Such predominance indeed prides itself on the increasing demand for commercial as well as military aircraft due to government investments in the defense and aerospace infrastructure. In addition, large aerospace manufacturers shift their production sites to cost-effective and technologically advanced countries such as China, Japan, and India. The region's emphasis on sustainable and fuel-efficient modes is pushing for advanced, lightweight materials such as aerospace plastics for the adoption. Hence, Asia Pacific consistently takes the lead regarding growth and innovation in the global aerospace plastics market.
North America is the fastest-growing region in the global aerospace plastics market, driven by robust aerospace manufacturing sectors in the U.S. and Canada. Top aerospace companies like Boeing, Lockheed Martin, and Raytheon have set bases here to make more and more uses of high-performance plastics in aircraft meeting the demands of lightweight, durability, and fuel efficiency. All advances in material technologies like thermoplastics and composites inspire innovation in commercial and military aviation. Sustainability and regulatory pressures for fuel efficiency in North America are also among the triggers of the increasing demands for aerospace plastics. As investments continue to pour into R&D, North America further reinforces its leadership and growth in this market.
Global Aerospace Plastics Market By Geography
- Largest
- Fastest
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Aerospace Plastics Market Dynamics
Aerospace Plastics Market Drivers
Lightweight and Fuel Efficiency Requirements
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Much of the global aerospace plastics market growth is driven by the demand for lightweight materials. Aerospace manufacturers are relying on these innovative high-performance plastics to reduce weight without compromising on strength and, thus, achieve their goals of lesser fuel consumption and lower operating costs as fuel efficiency becomes more and more vital in commercial and military aircraft.
Technological Advancements in Material Science
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The advancements within material science fast track the applications of advanced polymers into aviation. Firms now wear off henceforth making possible the manufacture of the most efficient and high-performance aircraft parts from this new generation of harder, heat-and-friction resistant, or more flexible composites and thermoplastics. It is a technological innovation that will further quicken the path toward a more versatile and sustainable future for the global aerospace plastics market.
Aerospace Plastics Market Restraints
Limited Durability in Harsh Environments
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Extreme environments, ranging from high-pressure altitudes to contact with corrosive chemicals, may provide limitations for some aeronautical plastics. The advanced plastics progress by leaps and bounds, but they might still not possess the same durability as conventional metals and alloys, thereby limiting their use in critical aerospace applications that demand exceptional long-term reliability.
Supply Chain and Material Availability Issues
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This challenges a core supply chain as the global aerospace plastics market continues to spill out its specialized materials and components. Disruptions in the supplies of raw materials will add more complexities to the sourcing of high-grade plastics, thus delaying the scheduled production timelines and increasing lead times-inability of manufacturers to meet the demand where needed.
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Aerospace Plastics Market Competitive Landscape
The global aerospace plastics market is highly competitive, with major players focusing on innovation and material performance to meet growing demand for lightweight, durable, and fuel-efficient components. The major international players in this space are Boeing, Airbus, DuPont, Solvay, and Toray Industries. These companies lead innovative developments resulting from partnerships and investments in extensive research and development into high-performance plastics. Their effort focuses on transforming aerospace manufacturing processes in such a way that they conform to their standards while improving the efficiency and safety of aircraft.
Top Players in Aerospace Plastics Market
- Sabic
- Victrex
- Drake Plastics Ltd
- Solvay
- BASF SE
- Evonik Industries AG
- Vantage Plane Plastics
- Quadrant Engineering Plastics
- PACO Plastics & Engineering Inc.
- 3P - Performance Plastics Products
- Polyflour Plastics
- Big Bear Plastics
- Grafix Plastics
- Zeus
- Curbell Plastics
- Ensinger GmbH
- Mitsubishi Chemical Corporation
- Toray Industries, Inc.
- Saint-Gobain
- LyondellBasell
- RTP Company
- Celanese Corporation
Recent Developments
- In November 2023, Boeing announced a partnership with SABIC in the development of advanced thermoplastics for aerospace applications. This partnership will create high-performing, light-weight materials that improve fuel efficiency and decrease aircraft weight, in line with a growing demand in the industry for sustainable and environmentally friendly materials.
- In September 2023, Airbus unveiled its new cabin interior concept with sustainable aerospace plastics. The idea consists of adding bio-based composites and recyclable materials for less environmental footprint. This is truly an innovation with the plan of developing greener technologies and waste minimization in the manufacturing process.
- In December 2023, Toray Industries introduced a high-performance aerospace plastics series designed to enhance durability and heat-resistance. Plastics are used in all categories of commercial as well as military aircraft. Toray innovation promises that aircraft will fly far less weight with excellent performance, even in extreme environmental conditions.
Aerospace Plastics Key Market Trends
- Rising Demand for Lightweight Materials: There is a tendency in the global aerospace plastics market toward lightweight material. This is creating an enormous amount of pressure on the manufacturers to develop advanced plastics such as composites and thermoplastics primarily to increase the performance and efficiency of the particular aircraft. The improvement in the aircraft weight results in low fuel consumption and enhanced performance.
- Shift Towards Sustainable Materials: A crucial shift that has recently occurred in the global aerospace plastics market trends is the move towards more friendly environmental materials. Most companies now concentrate on bio-based fiber composites, recyclable plastics, and low-emission production processes. The tilt reflects the continued commitment of aviation industries to revolutionize their sustainability performance and reduce operational environmental impacts as well as high performance and safety standards.
Aerospace Plastics Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global aerospace plastics industry is transforming into multiple trends, among others demand for lightweight, durable and green materials. These advanced plastics innovations such as ABS, polycarbonates, and thermoplastics form the basis for improving fuel efficiency while delivering environmental sustainability goals.
Technological advancements regarding materials are even more fuelling the impetus into market demands, as more entities look toward green and recyclable solutions. While the aerospace fuel efficiency drives the industry's pursuit of high-performance components with reduced weight and emissions, new materials technologies are still being developed that will continue to improve the durability, heat resistance, and flexibility of components into the future at aerospace manufacturers.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 18.01 Billion |
| Market size value in 2032 | USD 26.65 Billion |
| Growth Rate | 7.12% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aerospace Plastics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aerospace Plastics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aerospace Plastics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aerospace Plastics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aerospace Plastics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aerospace Plastics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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