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    Aerospace Plastics Market Industry & Growth

    Aerospace Plastics Market Industry & Growth
    Report code - SRAD312 Delivery - 2 Weeks
    Aerospace Plastics Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Insights

    The Aerospace Plastics Market is estimated to grow from US$ 6.95 Billion in 2021 to US$ 12.43 Billion by 2028 at a CAGR of 8.59% during the forecast period of 2022-2028.

    Aerospace Plastics Market Size

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    What are Aerospace Plastics?

    Aerospace plastics are polymers used in the aerospace industry for various applications. Owing to their lightweight, high strength, and durability; plastics are widely used in the aerospace industry.

    Aerospace plastics are widely used in tray tables, arm rests, windows, canopies, air-return grills, avionics instrument panels, bearings & bushings,

    interior components, valve seats and seals, and wire wrap insulation, and other applications of the aircraft.

    Aerospace Plastics Market Features

    Market Size in 2021

    US$ 6.95 Billion

    Market Size in 2028

    US$ 12.43 Billion

    Market Growth by 2022-2028

    8.59% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Dominant Region

    North America is held the largest market Share of the market >55.8% In 2021.

    Key Players

    Some of the major players in the Aerospace Plastics market are-

    Aerospace Plastics Market Snapshot

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    Market Drivers

    The prime factor that is contributing to the growth of the market are-

    • The organic growth of the aerospace industry coupled with the increasing demand for lightweight components in the industry.
    • The increasing demand for plastics in several aerospace applications including cabin interiors, structural components, electrical electronics and control panels, windows, windshields, and canopies.
    • The growth of aerospace plastics market can be attribute to the growth in the commercial and general & business aircraft segment.

    Segments Analysis

    By Platform Type

    The Commercial Aircraft segment held the largest share of the market and is expected to remain dominant during 2022-2028.

    The market is segmented as commercial aircraft, regional aircraft, military aircraft, general aviation, helicopters, and others. Increasing commercial aircraft deliveries to support rising passenger traffic, introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for plastics in the segment.

    By Application Type

    Aircraft Interiors was the major application of the aerospace plastics market and is expected to remain dominant during the forecast period.

    The aerospace plastics market is segmented as aircraft interiors, airframe, windows & windshields, and others. Plastics are widely used in aircraft interior applications such as ducts, cabin partitions, floor panels, overhead luggage bins, avionics sensor plates, electronic component mounting brackets, and ventilation impeller blades. 

    By Polymer Type

    The Polyether Ether Ketone (PEEK) segment is held the market share >60% of the market in 2021 and expected to grow at a high CAGR during the forecast period.

    The aerospace plastics market is segmented as Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others. This segment is driving the market due to its wider applications such as aircraft canopies, cockpits, portholes, windshields, and exterior lighting.

    Aerospace Plastics Market Segments Share

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    By Region

    North America is held the market share >55.8% of the market in 2021 and expected to remain the dominant region during the forecast period.

    In the coming five years as the region is the manufacturing capital of the aerospace industry with the presence of several OEMs, tier players, distributors, and raw material suppliers. The USA will continue to propel the demand for aircraft plastics in the region over the next five years.

    The aerospace plastics market is segmented into the following categories. 

    By Platform Type:

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By Polymer Type:

    • PEEK (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PMMA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • ABS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PPS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By Application Type:

    • Aircraft Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Windows & Windshields (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Trend and forecast analysis
    • Segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
    • Attractive segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report – Features

    Market Segmentation

    04

    Regions Covered

    04

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >120

    Company Profiles

    10

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research:

    Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The market size was US$ 6.95 Billion in 2021.

    Aerospace plastics are polymers used in the aerospace industry for various applications. Owing to their lightweight, high strength, and durability; plastics are widely used in the aerospace industry. Aerospace plastics are widely used in tray tables, arm rests, windows, canopies, air-return grills, avionics instrument panels, bearings & bushings, interior components, valve seats and seals, and wire wrap insulation, and other applications of the aircraft.

    The market size is expected to reach an estimated value of US$ 12.43 Billion by 2028.

    The prime factor that is contributing to the growth of the market are- the organic growth of the aerospace industry coupled with the increasing demand for lightweight components in the industry. The increasing demand for plastics in several aerospace applications including cabin interiors, structural components, electrical electronics and control panels, windows, windshields, and canopies. The growth of aerospace plastics market can be attribute to the growth in the commercial and general & business aircraft segment.

    The market is expected to grow at a CAGR of 8.59% during the forecast period.

    Some of the major players in the Aerospace Plastics market are- SABIC, Victrex plc, Drake Plastics Ltd., Solvay S.A., BASF SE, Evonik Industries AG, DuPont de Nemours, Inc., Hexcel Corporation, Compagnie de Saint-Gobain S.A., PPG Industries, Inc.

    North America is held the market share >55.8% of the market in 2021 and expected to remain the dominant region during the forecast period.

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