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How has the aerospace plastics market size evolved in recent years?

The market size of aerospace plastics has seen robust growth in the past few years. The market is anticipated to expand from $0.79 billion in 2024 to $0.84 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.2%. Factors such as regulatory norms, environmental issues, demand for air travel, aging airplane fleets, and globalized supply chains have contributed to the growth witnessed during the historical period.

What are the predictions for the aerospace plastics market size in the coming years?

In the coming years, the aerospace plastics market is projected to see robust expansion. By 2029, the market is expected to reach a value of $1.08 billion, with a compound annual growth rate (CAGR) of 6.7%. This growth during the forecast period is primarily driven by factors such as increasing adoption of electric and hybrid aircraft, change in passenger preferences, substantial investments in the aviation sector, and a surge in demand for plastics. Significant trends set to shape the forecast period encompass sustainable materials, enhanced fire resistance features, innovation in materials, electrically conductive plastics, as well as material traceability and certification.

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What key factors are fueling the growth of the aerospace plastics market?

The growth of the aerospace plastics market is being significantly influenced by the expanding size of commercial aircraft fleets. Essentially, a fleet entails the total number of aircraft controlled by a particular airline. A growing fleet implies the necessity for additional aircraft parts and the replacement of older parts, thereby stimulating the demand for aerospace plastics in the fabrication of these parts. For example, Boeing, a renowned American aerospace firm, predicts in its 2021–2040 commercial market forecast that the worldwide commercial fleet will surpass 49,000 aircraft by 2040. As such, the growth in the size of commercial aircraft fleets is propelling the expansion of the aerospace plastics market.

How is the global aerospace plastics market divided into key segments?

The aerospace plastics market covered in this report is segmented –

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

Subsegments:

1) By Polyether Ether Ketone (PEEK): Glass-Filled PEEK, Carbon-Filled PEEK, Unfilled PEEK

2) By Polymethyl Methacrylate (PMMA): Extruded PMMA, Cast PMMA, Impact-Modified PMMA

3) By Polycarbonates (PC): General-purpose Polycarbonate, High-Heat Polycarbonate, Impact-Resistant Polycarbonate

4) By Polyphenylene Sulfide (PPS): Unfilled PPS, Glass-Filled PPS, Carbon-Filled PPS

5) By Acrylonitrile Butadiene Styrene (ABS): Standard ABS, High-Impact ABS, Flame-Retardant ABS

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Who are the key firms paving the way for growth in the aerospace plastics market?

Major companies operating in the aerospace plastics market include 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.

Which trends are expected to transform the aerospace plastics market?

Leading companies in the aerospace plastics market are pioneering the development of sophisticated products like thermoplastic composite materials. These cutting-edge materials consist of a thermoplastic matrix that is enriched with reinforcing fibers such as carbon, glass, or aramid. For example, in October 2024, Japan’s Toray Industries, Inc., a major materials manufacturer, introduced a new product named Toray Cetex TC1130 PESU (PolyEtherSulphone). This thermoplastic composite material is specifically designed for use in aircraft interiors. The Toray Cetex TC1130 product is praised for its excellent fire, smoke, and toxicity (FST) resistance and also for its robust impact resistance and durability.

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What regions are contributing significantly to the growth of the aerospace plastics market?

North America was the largest region in the aerospace plastics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the aerospace plastics market share during the forecast period. The regions covered in the aerospace plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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