Aerospace Plastics Market to Grow with a CAGR of 4.51% through 2030
Growth in Commercial Aviation and Passenger Traffic and Focus
on Fuel Efficiency and Carbon Emission Reduction are factors driving the Global
Aerospace Plastics Market in the forecast period 2026-2030.
According to the
TechSci Research report, “Aerospace Plastics Market - Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global
Aerospace Plastics Market stood at USD 8.22 billion in 2024 and is anticipated
to grow with a CAGR of 4.51% through 2030. The rising global passenger air traffic, especially in
emerging economies across Asia-Pacific, the Middle East, and Latin America, is
a major factor driving the demand for aerospace plastics. Increasing numbers of
middle-class travelers, expansion of low-cost carriers, and new aircraft orders
from leading manufacturers such as Airbus and Boeing contribute to the growth
of plastic applications in cabin interiors, windows, seating, and fuselage
components. The long-term demand outlook for new aircraft deliveries further
strengthens the adoption of aerospace plastics.
Environmental
concerns and stringent international regulations on carbon emissions are
prompting aircraft manufacturers and airlines to adopt advanced materials that
improve fuel efficiency. Aerospace plastics, due to their light weight and
aerodynamic design flexibility, help reduce fuel consumption significantly over
the operational life of aircraft. This aligns with global initiatives such as
the International Civil Aviation Organization’s (ICAO) Carbon Offsetting and
Reduction Scheme for International Aviation (CORSIA), further stimulating the
demand for plastics in aerospace applications.
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market data Figures spread through XX Pages and an in-depth TOC on "Global
Aerospace Plastics Market”
The
healthcare industry is becoming a strong growth avenue for the Aerospace
Plastics market. Medical-grade Aerospace Plastics are used in applications such
as assembling medical devices, sealing surgical instruments, and providing
sterile packaging. The increasing prevalence of chronic diseases and the rising
use of disposable medical devices and diagnostic equipment have fueled this
demand. Furthermore, the COVID-19 pandemic accelerated the adoption of advanced
medical devices, boosting the need for biocompatible Aerospace Plastics that
meet stringent safety and regulatory standards.
The Global Aerospace
Plastics Market is segmented into Polymer Type, Aircraft Type, Application, regional
distribution, and company.
Based
on the application, the Flight Deck & Cockpit segment has emerged as the
dominating segment in the Global Aerospace Plastics Market in 2024, due to the
increasing demand for lightweight, durable, and high-performance materials in
modern aircraft. Aerospace plastics are widely used in cockpit components such
as instrument panels, control systems, windows, and seating structures, as they
offer superior strength-to-weight ratio, design flexibility, and resistance to
heat and impact. Airlines and aircraft manufacturers are under constant
pressure to improve fuel efficiency and reduce carbon emissions, making weight
reduction a top priority. Plastics play a vital role in replacing heavier metal
components without compromising safety or performance. Moreover, the growing
adoption of advanced avionics, electronic displays, and modular cockpit designs
has further boosted the need for specialized plastic materials with enhanced
thermal and electrical properties. These factors collectively drive the
dominance of the Flight Deck & Cockpit segment in the aerospace plastics
market.
The
North America is the fastest-growing region in the Global Aerospace Plastics
Market in 2024 driven by strong demand for lightweight materials that enhance
fuel efficiency and reduce carbon emissions in aircraft. The presence of
leading aerospace manufacturers such as Boeing, Lockheed Martin, and Raytheon
Technologies fuels significant adoption of advanced plastics in aircraft
interiors, exteriors, and structural components. Rising investments in
next-generation aircraft, defense modernization programs, and commercial
aviation expansion further accelerate growth. Additionally, stringent environmental
regulations and emphasis on sustainable aviation push manufacturers to
increasingly substitute metals with high-performance plastics, reinforcing
North America’s market leadership.
Major companies
operating in the Global Aerospace Plastics Market are:
- Evonik
Industries AG
- Victrex
plc
- Quadrant
Engineering Plastics
- Saudi
Basic Industries Corporation
- Vantage
Plane Plastics
- Toray
Industries, Inc.
- International
Aerospace Plastics Holdings LP
- Solvay
SA
- Drake
Plastics
- BASF
SE
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“Airlines are focusing on improving
passenger comfort by upgrading cabin interiors with lightweight, durable, and
aesthetically appealing plastic materials. Aerospace plastics are widely used
in cabin panels, windows, lighting systems, and in-flight entertainment
housings due to their design versatility. These materials not only reduce
overall aircraft weight but also enhance acoustic insulation and safety
features, thereby contributing to better passenger experience and airline
competitiveness, “said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Aerospace Plastics Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2020-2030F Segmented By Resin Type
(Polyurethane, Epoxy and Others), By Technology (Water Based Coatings, Solvent
Based Coatings, Powder Coating, Others), By User Type (Original Equipment
Manufacturer and Maintenance, Repair & Overhaul), By End-use Industry
(Commercial Aviation, Military Aviation, General Aviation), By Region and Competition ”,
has evaluated the future growth potential of Global Aerospace Plastics Market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Aerospace Plastics Market.
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