Aerospace Plastics Market Taking Flight: Growth Trends, Key Market Drivers, and Size Forecast 2024-2029
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Are The Predicted Market Size And Growth Rates For The Global Aerospace Plastics Market?
The aerospace plastics market size has shown considerable growth in recent years, expanding from $0.79 billion in 2024 to an estimated $0.84 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.2%. This increase in the historic period is largely due to regulatory standards, environmental concerns, air travel demand, aging aircraft fleet, and globalization of supply chains.
Additionally, the aerospace plastics market is projected to experience significant growth in the coming years, growing from $0.84 billion in 2025 to $1.08 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The rise during the forecast period can be attributed to rising electric and hybrid aircraft, shift in passenger preferences, increase in investment in aviation sector, and growing demand for plastics.
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What Is Driving Growth In The Aerospace Plastics Market?
One of the key drivers for the growth of the aerospace plastics market is the increasing fleet size of commercial aircraft. With airlines expanding their fleet sizes to meet growing air travel demand, new aircraft parts are required, and outdated ones need replacement. This trend significantly promotes the demand for aerospace plastics used in the manufacturing of these aircraft parts. According to Boeing’s commercial market outlook, the global commercial fleet is on track to surpass 49,000 airplanes by 2040. Hence, the ever-increasing fleet size of commercial aircraft is propelling the growth of the aerospace plastics market.
How Is The Aerospace Plastics Market Segmented?
The aerospace plastics market segments according to this report:
1) By Polymer Type: Polyether Ether Ketone (PEEK), Polymethyl Methacrylate (PMMA), Polycarbonates (PC), Polyphenylene Sulfide (PPS), Acrylonitrile Butadiene Styrene (ABS)
2) By Application: Aircraft Frame, Components, Cabin Interiors, Wings And Rotor Blades, Other Applications
3) By End-use: Commercial Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation
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Which Major Players Are Dominating The Aerospace Plastics Market?
Major companies operating in the aerospace plastics market are Saudi Basic Industries Corporation, Badische Anilin- und Sodafabrik, Solvay SA, DuPont de Nemours, Inc., Victrex plc, Evonik Industries AG, Saint-Gobain Performance Plastics, Drake Plastics Co Ltd., PACO Plastics & Engineering Inc., Mitsubishi Chemical Advanced Materials, Rochling SE & Co. KG, Performance Plastics Products, Grafix Plastics, HITCO Carbon Composites Inc., Tech-Tool Plastics Inc., Hexcel Corporation, Owens-Corning Fiberglass Company, Performance Plastics Ltd., Polyfluor Plastics BV, Premium AEROTEC GmbH, Quadrant AG, Sumitomo Bakelite Co. Ltd., Teijin Ltd., Toray Industries Inc., Westlake Chemical Corporation, Zeus Industrial Products Inc., Zylog Plastalloys Pvt Ltd., Huntsman Corporation, Koninklijke Ten Cate BV, Loar Group Inc.
What Trends Are Converging In The Aerospace Plastics Market?
Advanced products, such as thermoplastic composite materials, are currently trending in the aerospace plastics market. In October 2024, Toray Industries, Inc., a Japan-based materials manufacturer, made significant strides by launching Toray Cetex TC1130 PESU. This thermoplastic composite material is used in aircraft interior applications and provides exceptional fire, smoke, toxicity performance, along with strong impact resistance and toughness.
Which Region Is Poised For The Highest Growth In The Aerospace Plastics Market?
North America held the largest share of the aerospace plastics market in 2024, while the fastest-growing region during the forecast period is expected to be Asia-Pacific. The report covers the aerospace plastics market in various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and Middle East and Africa.
What Does The Aerospace Plastics Market Report 2025 Offer?
Aerospace plastics are durable, lightweight materials that share the same strength as metals, don’t rust, and are easy to fabricate. These plastics require lower maintenance than other materials and help to reduce aircraft fuel consumption and maintenance costs. The Aerospace Plastics Market research report from The Business Research Company grants global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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