Aerospace Plastic Market By Plastic Type (PEEK, PPSU, PC, PEI, PMMA, PA, PPS, PAI, PPE PU), By Process (Injection Molding, Thermoforming, CNC Machining, Extrusion, 3D Printing), By Application (Cabin Interiors, Structural Components, Electrical, Electronics And Control Panel, Window And Windshields, Doors And Canopies, Flooring And Wall Panels), By End-User (Commercial And Freighter Aircraft, General Aviation, Military Aircraft, Rotary Aircraft, Mechanical Engineering And Heavy Industries), And Region For 2024-2031
Report ID: 27194|No. of Pages: 202
Aerospace Plastic Market By Plastic Type (PEEK, PPSU, PC, PEI, PMMA, PA, PPS, PAI, PPE PU), By Process (Injection Molding, Thermoforming, CNC Machining, Extrusion, 3D Printing), By Application (Cabin Interiors, Structural Components, Electrical, Electronics And Control Panel, Window And Windshields, Doors And Canopies, Flooring And Wall Panels), By End-User (Commercial And Freighter Aircraft, General Aviation, Military Aircraft, Rotary Aircraft, Mechanical Engineering And Heavy Industries), And Region For 2024-2031
Aerospace Plastic Market Valuation – 2024-2031
The constant quest to lighten airplanes to improve fuel economy and reduce emissions without sacrificing performance or safety is the main factor propelling the Aerospace Plastics Market. According to the analyst from Verified Market Research, the Aerospace Plastic Market is estimated to reach a valuation of USD 39.23 Billion over the forecast period 2031, subjugating around USD 20.98 Billion valued in 2023.
The Aerospace Plastic Market is also being driven by the growing need in the industry for stronger and lighter materials to meet environmental standards and enhance aircraft performance. This enables the market to grow at a CAGR of 8.14% from 2024 to 2031.
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Aerospace Plastic Market: Definition/ Overview
Aerospace plastics are specialized high-performance plastics used in the aviation and space industries. They are lightweight, have a high strength-to-weight ratio, are resistant to heat and chemicals, and are durable. These materials are designed to meet the stringent safety, performance, and durability requirements for airplane and spacecraft construction and maintenance.
Furthermore, aerospace plastics are used to manufacture radomes, aircraft structures, and certain propulsion system components. Their corrosion resistance makes them excellent for controlling surfaces and other outside elements that are subjected to extreme climatic conditions. Also, the inherent transparency of many aerospace plastics makes them ideal for aircraft windows and canopies. Aerospace plastics’ adaptability and beneficial qualities continue to push their acceptance in a wide range of aerospace applications, including commercial and military airplanes, satellites, and space exploration vehicles.
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What are the Factors that Surge the Demand for the Aerospace Plastic Market?
The continual goal of weight reduction in aircraft design is a key driver of the aerospace plastics market. Plastics, which are substantially lighter than traditional materials such as metals and alloys, play an important part in this. The usage of plastics helps to reduce the total weight of the aircraft, improving fuel efficiency and performance. This not only lowers operational expenses for airlines but also helps to cut carbon emissions, which aligns with worldwide environmental sustainability objectives.
Aerospace plastics have excellent qualities such as high strength-to-weight ratio, corrosion resistance, flexibility, and ease of manufacture. These materials can survive intense temperatures and pressures seen in aerospace environments, making them excellent for crucial applications such as airframes, cabin interiors, windshields, propulsion systems, and more. The ongoing development of new plastics with improved characteristics is likely to accelerate their acceptance in the aircraft sector.
Furthermore, the global demand for new aircraft, driven by rising air traffic and the replacement of existing fleets with newer, more efficient models, has a considerable impact on the aerospace plastics market. As airlines strive to improve operational efficiency and passenger experience, the need for materials that support these objectives grows. This trend can be seen in both the commercial and military aircraft industries, where performance, safety, and cost-effectiveness remain top priorities.
What Factors Hinder the Growth of the Aerospace Plastic Market?
The high cost of producing and processing sophisticated aerospace plastics presents a considerable hurdle. These materials demand advanced manufacturing procedures, specialized equipment, and strict aerospace standards, all of which contribute to higher costs than typical materials. This initial investment and recurring expenses are substantial, making it difficult for producers to justify the shift away from more common materials such as metals and alloys, limiting market expansion.
Despite developments in aircraft plastics, they still have technological limitations, particularly in terms of performance under extreme climatic conditions. Plastics, for example, are susceptible to degradation as a result of UV exposure, high temperatures, and chemical reactions. Ensuring that these materials can resist the extreme conditions seen in aerospace applications without compromising their integrity or performance is a major challenge. Overcoming these constraints requires continual research and development, which increases the cost and complexity of using plastics in aerospace applications, reducing market demand.
Category-Wise Acumens
How Does the Increasing Adoption of PEEK Plastics Impact the Market Growth?
According to VMR analysis, the polyetheretherketone (PEEK) segment is estimated to hold a major share in the market during the forecast period. PEEK is well-known for its remarkable mechanical qualities, which include high strength, stiffness, and toughness over a wide temperature range. Its ability to maintain structural integrity and mechanical qualities at temperatures of up to 250°C (482°F) makes it ideal for aerospace applications, where materials are frequently subjected to extreme thermal conditions. This temperature resilience, combined with its exceptional wear resistance, accounts for much of its widespread application in the aircraft sector.
PEEK is highly resistant to chemicals, including hydraulic fluids, aviation fuels, and other hostile substances often found in aerospace environments. Furthermore, its resistance to gamma radiation makes it an excellent candidate for situations where material degradation from radiation exposure is a problem. This chemical and radiation resistance improves the long-term durability and reliability of PEEK-based aerospace components, lowering maintenance and lifecycle costs.
Furthermore, in the aircraft sector, reducing component weight is an important goal for increasing fuel efficiency and lowering emissions. PEEK’s excellent strength-to-weight ratio enables the manufacture of lightweight components that meet or surpass the performance requirements of heavier metal parts. This weight reduction is a fundamental motivation behind the use of PEEK in aerospace applications since it directly leads to more fuel-efficient, ecologically friendly aircraft designs.
How Injection Molding Process Propels the Growth of the Aerospace Plastic Market?
The injection molding segment is estimated to dominate the Aerospace Plastic Market during the forecast period. Injection molding is an extremely efficient mass production method, enabling for the quick manufacture of thousands to millions of parts with precise repeatability. This efficiency is critical in the aircraft sector, which requires huge quantities of components with constant quality. The process’s capacity to produce large volumes fast assists manufacturers in meeting the need for parts in both commercial and military aerospace sectors, leading to its significant market share.
Furthermore, injection molding enables the production of complicated forms and designs, which are frequently required in aeronautical components. This procedure may generate parts with precise geometries, tight tolerances, and sophisticated features that would be difficult or prohibitively expensive to manufacture using other processes. The ability to accept complicated designs while preserving strength and precision makes injection molding very useful in aircraft applications where component performance and dependability are critical.
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Country/Region-wise Acumens
How does Strong Aerospace Industry Presence Influence Growth in North America?
According to VMR analyst, North America is estimated to dominate the Aerospace Plastic Market during the forecast period. North America, particularly the United States, is home to some of the world’s largest aerospace and defense corporations, including Boeing, Lockheed Martin, and Northrop Grumman, among others. This strong industry presence increases demand for aerospace plastics in the production of numerous aircraft components and systems. The region’s extensive aerospace manufacturing, research, and development infrastructure serves as a firm foundation for the utilization of modern materials, such as plastics, to meet the industry’s high performance, durability, and innovation criteria.
Furthermore, North America is a global leader in technical innovation, especially in materials science and manufacturing. Significant investments in R&D from both the public and private sectors drive breakthroughs in aircraft plastics. These developments include the creation of new plastics with improved qualities such as increased strength, heat resistance, and lightweight properties, as well as advances in production processes such as 3D printing and injection molding. This emphasis on innovation not only drives the use of aerospace plastics but also enables the region to capitalize on emerging prospects in aerospace and military.
What Factors Contribute to the Potential Opportunities in the Asia Pacific Region?
Asia Pacific region is estimated to grow at the highest CAGR within the Aerospace Plastic Market during the forecast period. The burgeoning middle class and increased economic activity in the Asia-Pacific area are fueling the region’s aviation industry, which is seeing substantial expansion.
Countries such as China and India are in the vanguard of this expansion, with local and international airline fleets rapidly expanding to satisfy rising passenger and cargo demands. This increase in aviation activity necessitates the manufacturing of additional aircraft, which raises demand for aerospace plastics, which are employed in many aircraft components due to their lightweight and durable features.
Furthermore, governments and commercial entities in Asia-Pacific are making significant investments in aircraft production and R&D facilities. These investments aim to improve the region’s aircraft production capacity as well as its maintenance, repair, and overhaul (MRO) services. As these capabilities expand, so will the demand for advanced materials, such as aerospace plastics, which are essential in modern aircraft manufacturing and design procedures.
Competitive Landscape
The Aerospace Plastic Market’s competitive landscape is determined by the industry’s strict needs for materials with remarkable strength-to-weight ratios, durability, and resilience to extreme weather conditions.
Some of the prominent players operating in the Aerospace Plastic Market include:
Solvay, BASF, DuPont, Honeywell International, Toray Industries, SGL Carbon, Cytec Industries, Henkel, Arkema, Mitsubishi Chemical Corporation, SABIC, Exxon Mobil Corporation, Dow, Teijin Limited, Ensinger, Royal DSM, Airbus Group, The Boeing Company, Spirit AeroSystems, UTC Aerospace Systems
Latest Developments
- In October 2023, Demgy Group purchased E.I.S. Aircraft GmbH, a German manufacturer of thermoplastic and composite aerospace components.
- In July 2023, JayKay Enterprises secured a 76.41% share in Allen Reinforced Plastics Private Limited (Allen) for USD 10.9 million (~INR 90 crore). JayKay Enterprises will profit from the acquisition of Allen Reinforced Plastics by increasing its presence in the defense and aerospace industries.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2018-2031 |
| Growth Rate | CAGR of ~8.14% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2018-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players |
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| Customization | Report customization along with purchase available upon request. |
Aerospace Plastic Market, By Category
Plastic Type:
- Polyetheretherketone (PEEK)
- Polyphenylsulfone (PPSU)
- Polycarbonate (PC)
- Polyetherimide (PEI)
- Polymethyl Methacrylate (PMMA)
- Polyamide (PA)
- PolyPhenyleneSulfide (PPS)
- Polyamide-imide (PAI)
- Polyphenylene Ether (PPE)
- Polyurethane (PU)
- Others
Process:
- Injection Molding
- Thermoforming
- CNC Machining
- Extrusion
- 3D Printing
- Others
Application:
- Cabin Interiors
- Structural Components
- Electrical, Electronics, and Control Panel
- Window & Windshields, Doors, and Canopies
- Flooring & Wall Panels
End-User:
- Commercial and Freighter Aircraft
- General Aviation
- Military Aircraft
- Rotary Aircraft
- Mechanical Engineering and Heavy Industries
- Others
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL AEROSPACE PLASTIC MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL AEROSPACE PLASTIC MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL AEROSPACE PLASTIC MARKET, BY PLASTIC TYPE
5.1 Overview
5.2 Polyetheretherketone (PEEK)
5.3 Polyphenylsulfone (PPSU)
5.4 Polycarbonate (PC)
5.5 Polyetherimide (PEI)
5.6 Polymethyl Methacrylate (PMMA)
5.7 Polyamide (PA)
5.8 PolyPhenyleneSulfide (PPS)
5.9 Polyamide-imide (PAI)
5.10 Polyphenylene Ether (PPE)
5.11 Polyurethane (PU)
5.12 Others
6 GLOBAL AEROSPACE PLASTIC MARKET, BY PROCESS
6.1 Overview
6.2 Injection Molding
6.3 Thermoforming
6.4 CNC Machining
6.5 Extrusion
6.6 3D Printing
6.7 Others
7 GLOBAL AEROSPACE PLASTIC MARKET, BY APPLICATION
7.1 Overview
7.2 Cabin Interiors
7.3 Structural Components
7.4 Electrical, Electronics, and Control Panel
7.5 Window & Windshields, Doors, and Canopies
7.6 Flooring & Wall Panels
8 GLOBAL AEROSPACE PLASTIC MARKET, BY END-USER
8.1 Overview
8.2 Commercial and Freighter Aircraft
8.3 General Aviation
8.4 Military Aircraft
8.5 Rotary Aircraft
8.6 Mechanical Engineering and Heavy Industries
8.7 Others
9 GLOBAL AEROSPACE PLASTIC MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East and Africa
10 GLOBAL AEROSPACE PLASTIC MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Ranking
10.3 Key Development Strategies
11 COMPANY PROFILES
11.1 Solvay
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 BASF
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 DuPont
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 Honeywell International
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Toray Industries
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 SGL Carbon
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 Cytec Industries
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Henkel
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 Arkema
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 Mitsubishi Chemical Corporation
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
12 KEY DEVELOPMENTS
12.1 Product Launches/Developments
12.2 Mergers and Acquisitions
12.3 Business Expansions
12.4 Partnerships and Collaborations
13 Appendix
13.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
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- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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