Increasing demand for lightweight and more efficient aircraft driving the Aerospace Plastics Market

Increasing demand for lightweight and more efficient aircraft driving the Aerospace Plastics Market

“Browse 140 market data Tables and 50 Figures spread through 160 Pages and in-depth TOC on “Aerospace Plastics Market””
Aerospace Plastics Market by Polymer Type (PEEK, PMMA, PC, PPS, ABS), Aircraft Type (Commerical, General & Business, Military, Rotary), Application (Cabin Windows & windshield, Cabin Lighting, Overhead Storage Bins), and Region

The aerospace plastics market is projected to grow from USD 14.7 billion in 2018 to USD 20.7 billion by 2023 at a CAGR of 7.1% from 2018 to 2023. The growth of the aerospace plastics market can be attributed to the increasing demand for lightweight and more efficient aircraft, increasing passenger transportation due to affordable carriers in emerging regions, replacement of old aircraft and modernization of existing aircrafts, and growth of the aviation industry in developing economies.

Download PDF Brochure:

The demand for next-generation, lightweight, and fuel-efficient aircraft is expected to be the major driver of the aerospace plastics market in the near future. The Advisory Council for Aeronautics Research in Europe (ACARE) mandates all aircraft OEMs to comply with certain rules with a vision to maintain a stable and clean environment by 2020. These rules include (a) halving the time to market and (b) reducing CO2 emissions by 50% and nitrogen oxide emissions by 80% in the major developed economies.

Aerospace plastics can be classified into commercial aircraft, general & business aviation, military aircraft, rotary aircraft, and others. Among these segments, commercial aircraft is projected to grow at the highest CAGR in terms of value between 2018 and 2023. The expanding global economy and increasing air passenger traffic are expected to boost the demand for commercial aircraft, thereby increasing the demand for aerospace plastics.

Recent Developments

  • In February 2018, SABIC planned to increase the Ultem resin production in Singapore for its customers based in Asia. This expansion will help in increasing the global production by 50%. The new production facility in Singapore is expected to begin in the first half of 2021.
  • In September 2018, Victrex partnered with University of Exeter (UK) to introduce next-generation PAEK polymers and composites for additive manufacturing to be used in aerospace industry. This partnership became a stepping stone for both parties to develop a broader platform for new and current additive manufacturing technologies.


The North American region is estimated to account for the largest share of the aerospace plastics market in 2018. The presence of leading aircraft manufacturers in the region, along with high demand for lightweight aircraft across the globe, has resulted in high demand for aerospace plastics in the region.

Some of the leading players operating in the aerospace plastics market include SABIC (Saudi Arabia), Victrex (UK), Drake Plastics Ltd. (US), Solvay (Belgium), BASF SE (Germany), and Evonik (Germany).

Request for Sample Report:

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.

MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States