Global Aerospace Bioplastics Market

Aerospace Bioplastics Market Size, Share, Growth Analysis, By Type(Non-Biodegradable and Biodegradable), By Application(Cabin Interiors, and Engine Components), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20A2052 | Region: Global | Published Date: March, 2024
Pages: 202 |Tables: 60 |Figures: 75

Aerospace Bioplastics Market Insights

Global Aerospace Bioplastics Market size was valued at USD 5.30 billion in 2022 and is poised to grow from USD 6.00 billion in 2023 to USD 16.18 billion by 2031, growing at a CAGR of 13.20% during the forecast period (2024-2031).

As the industry continues to prioritize sustainability and environmental responsibility, the market is expected to grow further in the coming years. The aerospace industry has been under pressure to reduce its carbon footprint and minimize waste generation. Bioplastics offer a more sustainable alternative to conventional plastics as they are biodegradable, compostable, and derived from renewable resources. They help in reducing greenhouse gas emissions and the consumption of fossil fuels. Bioplastics offer the advantage of being biodegradable and compostable, which means they can break down naturally over time. In the aerospace industry, where there is a significant amount of plastic waste generated during manufacturing and operational processes, the use of bioplastics can help reduce the accumulation of non-biodegradable waste. There is a growing consumer demand for sustainable products and eco-friendly solutions across industries, including aerospace. Airlines and aerospace manufacturers are recognizing the importance of addressing this demand by incorporating environmentally friendly materials like bioplastics in their products. Advances in bioplastic manufacturing processes and material engineering have contributed to the introduction of bioplastics in the aerospace sector. Research and development efforts have focused on improving the strength, durability, and heat resistance of bioplastics to meet the stringent requirements of aerospace applications.

US Aerospace Bioplastics Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 5.30 billion

Largest Segment

Non-Biodegradable

Fastest Growth

Growth Rate

13.20% CAGR

Global Aerospace Bioplastics Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)

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Aerospace Bioplastics Market Segmental Analysis

Global Aerospace Bioplastics market is segmented by type, application, and region. Based on type, the market can be segmented into non-biodegradable and biodegradable. Based on application, the market is segmented into cabin interiors, and engine components. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Aerospace Bioplastics Market Analysis by Type

By type, the market can be segmented into non-biodegradable and biodegradable. Non-biodegradable plastics have been the dominating segment in the Aerospace Bioplastics market due to their superior properties such as durability, strength, and resistance to extreme conditions.

On the other hand, the biodegradable plastics segment is the fastest-growing segment in the Aerospace Bioplastics market due to the increasing demand for sustainable and eco-friendly materials. The growing environmental concerns and regulations related to the use of plastics in the aerospace industry have led to a shift towards biodegradable plastics.

Global Aerospace Bioplastics Market Analysis by Application

By application, the market can be segmented into cabin interiors and engine components. Cabin interiors have been the dominating segment in the Aerospace Bioplastics market due to their larger volume of usage and diverse applications.

On the other hand, engine components are the fastest-growing segment in the Aerospace Bioplastics market due to the increasing demand for lightweight materials that can withstand extreme operating conditions. The use of bioplastics in engine components can lead to reduced weight, improved fuel efficiency, and reduced carbon emissions, which are critical factors for the aerospace industry.

Global Aerospace Bioplastics Market Size By Type, 2021 (%), 2023 (%)

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Aerospace Bioplastics Market Regional Insights

North America dominated the global aerospace bioplastics market, with a significant share of the market. The country's dominance was attributed to the presence of major aerospace manufacturers and increasing government initiatives to promote sustainable materials in the aerospace industry. Canada and Mexico also showed potential for growth in the market.

APAC is expected to grow at the fastest CAGR. This growth was driven by factors such as the region's rapidly growing aerospace industry, increasing demand for eco-friendly materials, and the presence of major aerospace manufacturers in countries like China, Japan, and India. Among these countries, China was expected to be the fastest-growing market due to the increasing demand for aircraft and a focus on sustainable materials.

Global Aerospace Bioplastics Market By Geography, 2021-2030, 2024-2031
  • Largest
  • Fastest

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Aerospace Bioplastics Market Dynamics

Global Aerospace Bioplastics Market Drivers

Increasing demand for lightweight and eco-friendly materials

  • One driver for the growth of the aerospace bioplastics market is the increasing demand for lightweight and eco-friendly materials in the aerospace industry. Bioplastics offer several advantages over traditional petroleum-based plastics, including a reduced carbon footprint, improved recyclability, and biodegradability. As the demand for sustainable materials increases, aerospace companies are increasingly turning to bioplastics for non-structural components such as interior cabin components and tray tables. Furthermore, ongoing research and development in the field of bioplastics aims to improve their mechanical and thermal properties to make them suitable for use in structural components such as wings and fuselages, which would further drive the growth of the market.

Global Aerospace Bioplastics Market Restraints

Current limitations of bioplastics

  • One restraint for the growth of the aerospace bioplastics market is the current limitations of bioplastics in terms of their mechanical and thermal properties. While bioplastics offer several advantages over traditional plastics, such as improved sustainability and recyclability, their properties are not yet fully optimized for use in structural components such as wings and fuselages. Furthermore, the high cost of bioplastics compared to traditional plastics is also a challenge, which may limit their adoption in the aerospace industry. These limitations may slow down the growth of the market until further advancements are made in the field of bioplastics.

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Aerospace Bioplastics Market Competitive Landscape

The global aerospace bioplastics market is fragmented, with a number of small and large players operating in the industry. Many of these players are focusing on research and development to improve the properties and performance of bioplastics, as well as to reduce their production costs. Additionally, partnerships and collaborations are becoming increasingly common as companies look to expand their offerings and accelerate innovation in the field. The industry is also being driven by government regulations promoting the use of sustainable materials in the aerospace industry, which is expected to create opportunities for new and existing players in the market.

Top Player’s Company Profiles in Global Aerospace Bioplastics Market

  • Arkema S.A. (France)
  • BASF SE (Germany)
  • Braskem S.A. (Brazil)
  • Boeing (US)
  • DuPont de Nemours, Inc. (US)
  • Evonik Industries AG (Germany)
  • FKuR Kunststoff GmbH (Germany)
  • GKN Aerospace (UK)
  • Honeywell International Inc. (US)
  • Mitsubishi Chemical Corporation (Japan)
  • NatureWorks LLC (US)
  • Procter & Gamble Co. (US)
  • SABIC (Saudi Arabia)
  • Solvay SA (Belgium)
  • The Chemours Company (US)
  • Toray Industries Inc. (Japan)
  • Tri-Mack Plastics Manufacturing Corp. (US)
  • Victrex plc (UK)
  • Wacker Chemie AG (Germany)
  • Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd. (China)

Global Aerospace Bioplastics Market Recent Developments

  • In April 2023, Arkema announced the acquisition of BioAmber, a company specializing in the production of renewable chemicals.
  • In March 2023, DuPont announced the launch of a new range of bioplastics for use in the automotive and aerospace industries.
  • In January 2023, TotalEnergies announced an investment of €500 million in the development of sustainable aviation fuel production.
  • In August 2022, BASF announced a partnership with Mura Technology for the development of a chemical recycling process for mixed plastics waste.
  • In June 2022, Ford announced plans to launch a new bioplastics research program for the development of sustainable materials for the automotive industry.

Aerospace Bioplastics Key Market Trends

  • One trend in the aerospace bioplastics market is the increasing adoption of biodegradable materials for aircraft cabin interiors. With increasing awareness of the environmental impact of plastic waste, many airlines are seeking to reduce their carbon footprint by replacing traditional plastics with biodegradable alternatives. Biodegradable plastics such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA) are being used for applications such as tray tables, cutlery, and amenity kits. This trend is expected to continue as more airlines adopt sustainable practices and seek to differentiate themselves in a crowded and competitive market.

Aerospace Bioplastics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global aerospace bioplastics market analysis, the market growth is driven by the increasing demand for lightweight and eco-friendly materials in the aerospace industry. Bioplastics offer several advantages over traditional petroleum-based plastics, including a reduced carbon footprint, improved recyclability, and biodegradability. The market is fragmented, with a number of small and large players operating in the industry, and is characterized by ongoing research and development efforts aimed at improving the mechanical and thermal properties of bioplastics. While the high cost and limitations of bioplastics compared to traditional plastics are challenges, increasing government regulations promoting sustainable materials in the aerospace industry are expected to create opportunities for new and existing players in the market.

Report Metric Details
Market size value in 2023 USD 5.30 billion
Market size value in 2031 USD 16.18 billion
Growth Rate 13.20%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Non-Biodegradable and Biodegradable
  • Application
    • Cabin Interiors, and Engine Components
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
  • Arkema S.A. (France)
  • BASF SE (Germany)
  • Braskem S.A. (Brazil)
  • Boeing (US)
  • DuPont de Nemours, Inc. (US)
  • Evonik Industries AG (Germany)
  • FKuR Kunststoff GmbH (Germany)
  • GKN Aerospace (UK)
  • Honeywell International Inc. (US)
  • Mitsubishi Chemical Corporation (Japan)
  • NatureWorks LLC (US)
  • Procter & Gamble Co. (US)
  • SABIC (Saudi Arabia)
  • Solvay SA (Belgium)
  • The Chemours Company (US)
  • Toray Industries Inc. (Japan)
  • Tri-Mack Plastics Manufacturing Corp. (US)
  • Victrex plc (UK)
  • Wacker Chemie AG (Germany)
  • Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd. (China)
Customization scope

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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 Bioplastics 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
  • 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 Bioplastics 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
  • 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
  • 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(%)

Methodology

For the Aerospace Bioplastics 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 Bioplastics 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 Bioplastics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Aerospace Bioplastics 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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FAQs

Aerospace Bioplastics Market size was valued at USD 5.30 billion in 2022 and is poised to grow from USD 6.00 billion in 2023 to USD 16.18 billion by 2031, growing at a CAGR of 13.20% during the forecast period (2024-2031).

The aerospace bioplastics market is fragmented, with a number of small and large players operating in the industry. Many of these players are focusing on research and development to improve the properties and performance of bioplastics, as well as to reduce their production costs. Additionally, partnerships and collaborations are becoming increasingly common as companies look to expand their offerings and accelerate innovation in the field. The industry is also being driven by government regulations promoting the use of sustainable materials in the aerospace industry, which is expected to create opportunities for new and existing players in the market. 'Arkema S.A. (France)', 'BASF SE (Germany)', 'Braskem S.A. (Brazil)', 'Boeing (US)', 'DuPont de Nemours, Inc. (US)', 'Evonik Industries AG (Germany)', 'FKuR Kunststoff GmbH (Germany)', 'GKN Aerospace (UK)', 'Honeywell International Inc. (US)', 'Mitsubishi Chemical Corporation (Japan)', 'NatureWorks LLC (US)', 'Procter & Gamble Co. (US)', 'SABIC (Saudi Arabia)', 'Solvay SA (Belgium)', 'The Chemours Company (US)', 'Toray Industries Inc. (Japan)', 'Tri-Mack Plastics Manufacturing Corp. (US)', 'Victrex plc (UK)', 'Wacker Chemie AG (Germany)', 'Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd. (China)'

One driver for the growth of the aerospace bioplastics market is the increasing demand for lightweight and eco-friendly materials in the aerospace industry. Bioplastics offer several advantages over traditional petroleum-based plastics, including a reduced carbon footprint, improved recyclability, and biodegradability. As the demand for sustainable materials increases, aerospace companies are increasingly turning to bioplastics for non-structural components such as interior cabin components and tray tables. Furthermore, ongoing research and development in the field of bioplastics aims to improve their mechanical and thermal properties to make them suitable for use in structural components such as wings and fuselages, which would further drive the growth of the market.

One trend in the aerospace bioplastics market is the increasing adoption of biodegradable materials for aircraft cabin interiors. With increasing awareness of the environmental impact of plastic waste, many airlines are seeking to reduce their carbon footprint by replacing traditional plastics with biodegradable alternatives. Biodegradable plastics such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA) are being used for applications such as tray tables, cutlery, and amenity kits. This trend is expected to continue as more airlines adopt sustainable practices and seek to differentiate themselves in a crowded and competitive market.

North America dominated the aerospace bioplastics market, with a significant share of the market. The country's dominance was attributed to the presence of major aerospace manufacturers and increasing government initiatives to promote sustainable materials in the aerospace industry. Canada and Mexico also showed potential for growth in the market.

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Global Aerospace Bioplastics Market

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