Press Release

Commercial Aircraft to Witness Growth During Forecast Period

Growing demand for next generation, lightweight and fuel-efficient aircraft to drive global aerospace plastics market through 2024

According to Techsci Research report, “Global Aerospace Plastics Market By Polymer Type, By Aircraft Type, By Application, By Region, By Company, Competition, Forecast & Opportunities, 2024”, global aerospace plastics market is expected to grow at a CAGR of over 7% during the forecast period on account of increasing demand for lightweight and more efficient aircraft. Furthermore, increasing passenger transportation due to affordable carriers in emerging regions, replacement of old aircraft and modernization of existing aircraft are further propelling growth of the aerospace plastics market. Moreover, use of plastics in aircraft aids in reducing the operation cost due to reduced weight, consequently, which would further drive the market through 2024

Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on "Global Aerospace Plastics Market"

The market for aerospace plastics is segmented into polymer type, aircraft type, application and region. Based on the polymer type, the market can be segmented into Polyetheretherketone (PEEK), Polyphenyl Sulfide (PPS), Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Polymethyl Methacrylate (PMMA), among others. PMMA is anticipated to account for the largest share in global aerospace plastics market on account of increasing usage of PMMA as a substitute to glass for manufacturing airplane windows, which is the largest application segment in the global market.

Among aircraft type, commercial aircraft is expected to account for the largest share during forecast period owing to growing demand for aviation and emergence of several service providers in the aircraft industry. Global aerospace plastics market is fragmented with the presence of companies such as SABIC, Victrex, Drake Plastics Ltd, Solvay, BASF SE, Evonikzx Industries AG, Vantage Plane Plastics, Quadrant Engineering Plastics, among others.

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Based on region, the market is segmented into Asia-Pacific, Europe, North America, Middle East & Africa and South America. North America is expected to account for the largest share of the aerospace plastics market. Notably, the presence of leading aircraft manufacturers, such as Boeing and Bombardier in the region, coupled with increasing focus on producing lightweight aircraft, have resulted in high demand for aerospace plastics in the region.” stated Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Aerospace Plastics Market By Polymer Type, By Aircraft Type, By Application, By Region, By Company, Competition, Forecast & Opportunities, 2024has evaluated the future growth potential of global market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global aerospace plastics market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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