The global aerospace plastics market is expected to grow at a CAGR of over 7% during the forecast period. Plastics can be utilized as an alternative to many metals such as aluminum and other steel components as they are light weighted and are highly durable. Reduced weight of the aircraft enhances the overall performance of the aircraft. The increased demands for lightweight materials in the aerospace industry in order to reduce the overall weight of the aircraft is the primary factor flourishing the growth of the global aerospace plastics market during the forecast period. The increased demand for plastic in applications such as airframe, cabin areas, wings, flight deck, and cockpit, among others are also enhancing the market growth. However, higher costs may negatively affect market growth.

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Further, the incorporation of advanced manufacturing technologies such as 3D printing of parts is projected to create ample opportunities for market growth in the near future. In order to reduce the manufacturing costs, the manufacturers may shift towards 3D manufacturing techniques. For instance, aerospace company Lockheed Martin, one of the largest defense contractors of the globe, has become a prominent user of 3D printing. Its 3D printed innovations include propulsion tanks and parts for spacecraft and missiles, and recently in 2018, it completed its largest 3D printed components. The company’s work with 3D printing will be expanding with a new $5.8 million contract with the Office of Naval Research. The company received a contract in 2018 to further develop 3D printing for aerospace manufacturing.

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Market Segmentation

Global Aerospace plastics Market by Plastic Type
Polyetheretherketone (PEEK)
Thermosetting Polyimide
Polyamide-imide (PAI)
Polychlorotrifluoroethylene (PCTFE)
Polytetrafluoroethylene (PTFE)
Global Aerospace plastics Market by Aircraft Type
Commercial Aircraft
Military Aircraft
Rotary Aircraft
Others (Spacecrafts)
Global Aerospace plastics Market by Application
Airframe and Fuselage
Windows and Wind Shields
Cabin Areas
Others (Propulsion System, Wing Box)
Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles

3P Performance Plastics Products
BASF SE
Big Bear Plastics Products Ltd.
Drake Plastics Ltd.
Ensinger Inc.
Evonik Industries AG
Hexcel Corp.
Huntsman International LLC
Kaman Corp.
Loar Group
Mitsubishi Heavy Industries Ltd.
PACO Plastics Inc.
SABIC
Solvay SA
Toray Industries Inc.
Vantage Associates, Inc.
Victrex Plc
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