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Aerospace Plastics Market Share, Size,Growth, Key Players,
Outlook and Forecasts to 2024 | Hexa Research
“ The global aerospace plastics market stood nearly 57 kilotons in 2014. It is
estimated to grow at over 10 percent CAGR from 2016 to 2024.”
20 December 2018
The global aerospace plastics market stood nearly 57 kilotons in 2014. It is estimated to grow at over 10
percent CAGR from 2016 to 2024 (forecast period). Regulatory policies coupled with robust fiscal aid should
be the key market propeller. The market will also be driven by usage in airplanes, alternatives for steel &
aluminium, and expansion in the aviation industry.
The aviation industry is likely to observe high growth across Middle Eastern nations; like Qatar, U.A.E., and
Saudi Arabia. Higher air traffic in defense & commercial sectors has contributed sales for the North American
market. Strict policies on petro-based products can hamper feedstock (high-grade plastics, etc.) availability.
Moreover, adoption of carbon fibers in other applications may limit the availability of raw materials. Airplane
manufacturers have begun employing a blend of thermoplastic & metal composites to lower fuel emissions
and ensure passenger convenience. The aerospace plastics market is fragmented by applications, polymers,
end-users, and geographies.
Applications comprise wings & rotor blades, airframe & fuselage, and cabin areas. Airframe & fuselage was
the biggest segment in 2013. Demand for aerospace plastics in wings & rotor blades surpassed 7, 900 tons in
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