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Aerospace Plastics Market Report by Material (Acrylonitrile Butadiene Styrene (ABS), Polyether Ether Ketone (PEEK), Polymethyl Methacrylate (PMMA), Poly Carbonates (PC), Polyphenylene Sulfide (PPS), and Others), Aircraft Type (Commercial, Military, Rotorcraft, Spacecraft, and Others), Application (Cabin Interior, Windows and Windshield, Airframe, Propulsion System, and Others), and Report 2024-2032
Market Report I 2024-01-30 I 145 Pages I IMARC Group
The global aerospace plastics market size reached US$ 20.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 35.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032. The increasing air traffic, the rising demand for lightweight and more proficient aircraft, and extensive research and development (R&D) activities represent some of the key factors driving the market.
Aerospace plastics are lightweight polymers used for several aerospace applications. They are extremely light in weight and are high-performance plastics for thermal, acoustic, and chemical resistance in aircraft. Polyether ether ketone (PEEK), acrylonitrile butadiene styrene (ABS), poly carbonates (PC), and polyphenylene sulfide (PPS) are some of the commonly used aerospace plastics. These plastics are used on aircraft structural components, including wing ribs and spars, fuel tank covers, landing gear hubcaps, pylon fairings, and radomes. Aerospace plastics are also used for designing and manufacturing avionics sensor plates, electronic component mounting brackets, and ventilation impeller blades. They exhibit toughness, high-temperature tolerance, excellent transparency, and chemical and impact resistance, and stand up to vibration and abrasion.
Aerospace Plastics Market Trends:
The increasing demand for lightweight and more proficient aircraft across the globe is one of the key factors driving the market growth. Aerospace plastics are widely used as they are lighter and bear high strength, which assists in the proper distribution of weight and balance system. In line with this, key manufacturers are focusing on the reduction of the overall weight of the aircraft while maintaining or even improving its total load-carrying capacity, which, in turn, is favoring the market growth. Moreover, the widespread product adoption to manufacture several cabin components, including cabin operations, air ducts, floor panels, and overhead luggage bins, is acting as another growth-inducing factor. Apart from this, the introduction of materials providing thermal stability as planes operate at variable temperatures and require high thermal stability is providing an impetus to the market growth. Furthermore, the increasing application of aerospace plastics in retrofitting activities of old aircraft cabins and individual seats, as they are cost-effective solutions, is propelling the market growth. Additionally, the rising product demand due to the adoption of advanced air traffic control and high-speed data transmission systems, is positively influencing the market growth. Along with this, the increasing utilization of ABS owing to its various advantages, such as excellent mechanical strength, durability, cost-effectiveness, and ease of installation properties, is providing a considerable boost to the market growth. Other factors, including the introduction of in-flight entertainment, increasing air traffic, extensive research and development (R&D) activities, the strong presence of aircraft manufacturers, and the rising demand for business jets and helicopters, are anticipated to drive the market growth further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global aerospace plastics market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on material, aircraft type, and application.
Material Insights:
Acrylonitrile Butadiene Styrene (ABS)
Polyether Ether Ketone (PEEK)
Polymethyl Methacrylate (PMMA)
Poly Carbonates (PC)
Polyphenylene Sulfide (PPS)
Others
The report has provided a detailed breakup and analysis of the aerospace plastics market based on the material. This includes acrylonitrile butadiene styrene (ABS), polyether ether ketone (PEEK), polymethyl methacrylate (PMMA), poly carbonates (PC), polyphenylene sulfide (PPS) and others. According to the report, PMMA represented the largest segment.
Aircraft Type Insights:
Commercial
Military
Rotorcraft
Spacecraft
Others
A detailed breakup and analysis of the aerospace plastics market based on the aircraft type has also been provided in the report. This includes commercial, military, rotorcraft, spacecraft, and others. According to the report, commercial accounted for the largest market share.
Application Insights:
Cabin Interior
Windows and Windshield
Airframe
Propulsion System
Others
A detailed breakup and analysis of the aerospace plastics market based on the application has also been provided in the report. This includes cabin interior, windows and windshield, airframe, propulsion system and others. According to the report, windows and windshield accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for aerospace plastics. Some of the factors driving the North America aerospace plastics market included extensive research and development (R&D) activities, the strong presence of aircraft manufacturers, and increasing air traffic.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global aerospace plastics market. Detailed profiles of all major companies have also been provided. Some of the companies covered include BASF SE, Drake Plastics Ltd. Co., DuPont de Nemours Inc., Ensinger GmbH, Mitsubishi Chemical Corporation, Polyfluor Plastics bv, PPG Industries Inc., Rochling SE & Co. KG, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Solvay SA, Victrex plc, Zeus Industrial Products Inc., etc.
Key Questions Answered in This Report:
How has the global aerospace plastics market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global aerospace plastics market?
What are the key regional markets?
Which countries represent the most attractive aerospace plastics markets?
What is the breakup of the market based on the material?
What is the breakup of the market based on the aircraft type?
What is the breakup of the market based on the application?
What is the competitive structure of the global aerospace plastics market?
Who are the key players/companies in the global aerospace plastics market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Aerospace Plastics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Material
6.1 Acrylonitrile Butadiene Styrene (ABS)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polyether Ether Ketone (PEEK)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Polymethyl Methacrylate (PMMA)
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Poly Carbonates (PC)
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Polyphenylene Sulfide (PPS)
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Aircraft Type
7.1 Commercial
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Military
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Rotorcraft
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Spacecraft
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Cabin Interior
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Windows and Windshield
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Airframe
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Propulsion System
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BASF SE
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Drake Plastics Ltd. Co.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 DuPont de Nemours Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Ensinger GmbH
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Mitsubishi Chemical Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Polyfluor Plastics bv
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 PPG Industries Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Rochling SE & Co. KG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Solvay SA
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Victrex plc
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 Zeus Industrial Products Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
Figure 1: Global: Aerospace Plastics Market: Major Drivers and Challenges
Figure 2: Global: Aerospace Plastics Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Aerospace Plastics Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Aerospace Plastics Market: Breakup by Material (in %), 2023
Figure 5: Global: Aerospace Plastics Market: Breakup by Aircraft Type (in %), 2023
Figure 6: Global: Aerospace Plastics Market: Breakup by Application (in %), 2023
Figure 7: Global: Aerospace Plastics Market: Breakup by Region (in %), 2023
Figure 8: Global: Aerospace Plastics (Acrylonitrile Butadiene Styrene (ABS)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Aerospace Plastics (Acrylonitrile Butadiene Styrene (ABS)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Aerospace Plastics (Polyether Ether Ketone (PEEK)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Aerospace Plastics (Polyether Ether Ketone (PEEK)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Aerospace Plastics (Polymethyl Methacrylate (PMMA)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Aerospace Plastics (Polymethyl Methacrylate (PMMA)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Aerospace Plastics (Poly Carbonates (PC)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Aerospace Plastics (Poly Carbonates (PC)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Aerospace Plastics (Polyphenylene Sulfide (PPS)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Aerospace Plastics (Polyphenylene Sulfide (PPS)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Aerospace Plastics (Other Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Aerospace Plastics (Other Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Aerospace Plastics (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Aerospace Plastics (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Aerospace Plastics (Military) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Aerospace Plastics (Military) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Aerospace Plastics (Rotorcraft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Aerospace Plastics (Rotorcraft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Aerospace Plastics (Spacecraft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Aerospace Plastics (Spacecraft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Aerospace Plastics (Other Aircraft Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Aerospace Plastics (Other Aircraft Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Aerospace Plastics (Cabin Interior) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Aerospace Plastics (Cabin Interior) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Aerospace Plastics (Windows and Windshield) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Aerospace Plastics (Windows and Windshield) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Aerospace Plastics (Airframe) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Aerospace Plastics (Airframe) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Aerospace Plastics (Propulsion System) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Aerospace Plastics (Propulsion System) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Aerospace Plastics (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Aerospace Plastics (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: North America: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: North America: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: United States: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: United States: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Canada: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Canada: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Asia-Pacific: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Asia-Pacific: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: China: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: China: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Japan: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Japan: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: India: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: India: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: South Korea: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: South Korea: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Australia: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Australia: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Indonesia: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Indonesia: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Others: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Others: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Europe: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Europe: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Germany: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Germany: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: France: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: France: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: United Kingdom: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: United Kingdom: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Italy: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Italy: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Spain: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Spain: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Russia: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Russia: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Latin America: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Latin America: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Brazil: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Brazil: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Mexico: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Mexico: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Others: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Others: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Middle East and Africa: Aerospace Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Middle East and Africa: Aerospace Plastics Market: Breakup by Country (in %), 2023
Figure 88: Middle East and Africa: Aerospace Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Global: Aerospace Plastics Industry: Drivers, Restraints, and Opportunities
Figure 90: Global: Aerospace Plastics Industry: Value Chain Analysis
Figure 91: Global: Aerospace Plastics Industry: Porter's Five Forces Analysis
Table 1: Global: Aerospace Plastics Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Aerospace Plastics Market Forecast: Breakup by Material (in Million US$), 2024-2032
Table 3: Global: Aerospace Plastics Market Forecast: Breakup by Aircraft Type (in Million US$), 2024-2032
Table 4: Global: Aerospace Plastics Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Aerospace Plastics Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Aerospace Plastics Market: Competitive Structure
Table 7: Global: Aerospace Plastics Market: Key Players
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