Aerospace Plastics Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Aerospace Plastics Market: By Polymer Type (PEEK (Polyether Ether Ketone), PMMA (Polymethyl Methacrylate), PC (Polycarbonate), PPS (Polyphenylene Sulfide), ABS (Acrylonitrile Butadiene Styrene)), By Aircraft Type (Commercial, General and Business, Military, Rotary), By Application (Cabin Windows and Windshield, Cabin Lightings, Overhead Storage Bins), and Geography

 

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Report

Description

Aerospace Plastics Market size was valued at USD 746 million in 2021 and is expected to reach USD 1,140 million by 2028, registering a CAGR of 5.6% from 2017 to 2028. Polymers with increased features such as high tensile strength, high-temperature tolerance, remarkable transparency, chemical properties, hard surface, and others are used in the aerospace plastics market. Plastics are increasingly being used by aerospace makers to replace traditional metals. Polymers including polyether ether ketone (PEEK), polymethyl methacrylate (PMMA), polycarbonates (PC), polyphenylene sulfide (PPS), and acrylonitrile butadiene styrene (ABS) are utilized in airplane parts like airframes, interiors, engine components, propulsion systems, mirrors, and ceilings. Plastics are lighter than metal, do not rust, are simple to produce, and come in a variety of flame, smoke, toxicity, and heat release compliant materials. They also provide a wide range of design versatility in terms of colour, texture, and pattern. Plastic parts have a longer lifespan and require less upkeep than other materials. One of the main motivations for utilising plastic is to reduce weight on the plane, which lowers costs by lowering fuel usage. Plastic is being used by aircraft manufacturers to make aeroplane components because of its advantages such as lightweight and corrosion resistance. The aircraft’s weight is reduced, which improves fuel efficiency.

Aerospace Plastics Market

MARKET SUMMARY
-
5.6% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.6%
  • Largest Market– North America
  • Fastest Growing Market–  North America

Aerospace Plastics Market

  • Global aerospace plastics market report gives comprehensive outlook on aerospace plastics market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The report on global aerospace plastics market gives historical, current, and future market sizes (US$ Mn) on the basis of polymer type, aircraft type, application type, and regions.
  • This report studies global aerospace plastics market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global aerospace plastics market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in global aerospace plastics market activities.
Key Players
  • SABIC (Saudi Arabia)
  • Victrex (UK)
  • Drake Plastics Ltd. (US)
  • Solvay (Belgium)
  • BASF SE (Germany)
  • Evonik (Germany)
Aerospace Plastics Market Growth

Development and launch of innovative aerospace plastics by the market players enables surge in the aerospace plastics market demand over the forecast years. For instance. In 2018, Drake Plastics Ltd. (U.S.) launched the new aerospace plastics which has a wide range of application. Moreover, launch of newer products in various countries enables the growth of aerospace plastics market over the forecast years.


North-America Got Significant Share

Aerospace Plastics Market

North America accounted for major revenue share due to high population demand. European market is anticipated to show a significant growth rate owing to availability of glut of investments and skilled engineers. Asia Pacific is significantly growing in aerospace plastics market due to emerging economies such as China, Japan, and India. Brazil have experience a significant growth in the market due to increased demand of aircraft. Middle East and Africa have a moderate growth rate and is expected to increase in the forecast period due to increasing demand of aircraft from the growing population and increased imported materials.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
U.S. Personal Emergency Response Systems (PERS) Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The aerospace plastics market is projected to expand at a CAGR of 5.6% during the forecast period

 

Bio-Rad Laboratories, Inc, Biocept, Inc, Illumina, Inc, AstraZeneca plc, Epigenomics AG

North America is the fastest-growing region for the aerospace plastics market

 


Report

Table Of Content


Report

Company Profile

  • SABIC (Saudi Arabia)
  • Victrex (UK)
  • Drake Plastics Ltd. (US)
  • Solvay (Belgium)
  • BASF SE (Germany)
  • Evonik (Germany)

Description

Aerospace Plastics Market size was valued at USD 746 million in 2021 and is expected to reach USD 1,140 million by 2028, registering a CAGR of 5.6% from 2017 to 2028. Polymers with increased features such as high tensile strength, high-temperature tolerance, remarkable transparency, chemical properties, hard surface, and others are used in the aerospace plastics market. Plastics are increasingly being used by aerospace makers to replace traditional metals. Polymers including polyether ether ketone (PEEK), polymethyl methacrylate (PMMA), polycarbonates (PC), polyphenylene sulfide (PPS), and acrylonitrile butadiene styrene (ABS) are utilized in airplane parts like airframes, interiors, engine components, propulsion systems, mirrors, and ceilings. Plastics are lighter than metal, do not rust, are simple to produce, and come in a variety of flame, smoke, toxicity, and heat release compliant materials. They also provide a wide range of design versatility in terms of colour, texture, and pattern. Plastic parts have a longer lifespan and require less upkeep than other materials. One of the main motivations for utilising plastic is to reduce weight on the plane, which lowers costs by lowering fuel usage. Plastic is being used by aircraft manufacturers to make aeroplane components because of its advantages such as lightweight and corrosion resistance. The aircraft’s weight is reduced, which improves fuel efficiency.

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