Aerospace Thermoplastic Market Trends and Forecast
The future of the global aerospace thermoplastic market looks promising with opportunities in the exterior, interior, and assembly component markets. The global aerospace thermoplastic market is expected to reach an estimated $301.3 million by 2030 with a CAGR of 22.1% from 2024 to 2030. The major drivers for this market are increasing adoption of lightweight and high-performance materials, technological advancements in thermoplastic composites, and stringent fuel efficiency regulations propel the use of thermoplastics for aircraft components to reduce weight and improve fuel economy.
• Lucintel forecasts that reinforced is expected to witness the higher growth over the forecast period.
• Within this market, exterior is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States –Boeing announced partnerships with thermoplastic suppliers to develop lightweight composite materials for aircraft structures, aligning with government targets for fuel-efficient aviation and enhancing competitiveness in the aerospace industry.
Germany –German company SABIC introduced advanced thermoplastic solutions for aerospace applications, focusing on weight reduction and enhanced performance, in line with government initiatives promoting sustainability and innovation in aircraft manufacturing.
France –Airbus partnered with French thermoplastic manufacturers to optimize aircraft componentsÄX%$%X design and production processes, aiming to meet government targets for reducing carbon emissions and enhancing aerospace industry competitiveness on a global scale.
Japan –Japanese firm Toray Industries invested in R&D to develop next-generation aerospace thermoplastics, targeting lightweight construction and fuel efficiency improvements in aircraft manufacturing, supported by government initiatives for technological innovation and environmental sustainability.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aerospace Thermoplastic by Segment
The study includes a forecast for the global aerospace thermoplastic by platform type, form type, application, and region.
Aerospace Thermoplastic Market by Platform Type [Shipment Analysis by Value from 2018 to 2030]:
• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Military Aircraft
• Helicopter
• Unmanned Aerial Vehicle
Aerospace Thermoplastic Market by Form Type [Shipment Analysis by Value from 2018 to 2030]:
• Reinforced
• Unreinforced
Aerospace Thermoplastic Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Exteriors
• Interiors
• Assembly Components
• Others
Aerospace Thermoplastic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aerospace Thermoplastic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aerospace thermoplastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aerospace thermoplastic companies profiled in this report include-
• Solvay
• Victrex
• BASF
• China Lumena New Materials Corporation
• DIC Corporation
• SABIC
• Toray Industries
Recent Development in the Aerospace Thermoplastic Market
Boeing: Boeing announced the development of advanced thermoplastic composite materials for aircraft structures, aiming to reduce weight and improve fuel efficiency, enhancing performance and sustainability in aerospace manufacturing.
SABIC: SABIC introduced new thermoplastic solutions tailored for aerospace applications, offering enhanced strength-to-weight ratios and flame-retardant properties, addressing the industryÄX%$%Xs demand for lightweight and high-performance materials.
Airbus: Airbus partnered with thermoplastic manufacturers to explore innovative applications of composite materials in aircraft design, optimizing component performance and production efficiency to meet evolving market demands for fuel-efficient and environmentally sustainable aircraft.
Toray Industries: Toray Industries invested in research and development to advance aerospace thermoplastics technology, focusing on improving material properties such as durability, heat resistance, and recyclability, to drive innovation and competitiveness in the aerospace industry.
Features of the Global Aerospace Thermoplastic Market
Market Size Estimates: Aerospace thermoplastic market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aerospace thermoplastic market size by platform type, form type, application, and region in terms of value ($M).
Regional Analysis: Aerospace thermoplastic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different platform types, form types, applications, and regions for the aerospace thermoplastic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aerospace thermoplastic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the aerospace thermoplastic market size?
Answer: The global aerospace thermoplastic market is expected to reach an estimated $301.3 million by 2030.
Q2. What is the growth forecast for aerospace thermoplastic market?
Answer: The global aerospace thermoplastic market is expected to grow with a CAGR of 22.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aerospace thermoplastic market?
Answer: The major drivers for this market are increasing adoption of lightweight and high-performance materials, technological advancements in thermoplastic composites and stringent fuel efficiency regulations propel the use of thermoplastics for aircraft components to reduce weight and improve fuel economy.
Q4. What are the major segments for aerospace thermoplastic market?
Answer: The future of the aerospace thermoplastic market looks promising with opportunities in the exterior, interior, and assembly component markets.
Q5. Who are the key aerospace thermoplastic market companies?
Answer: Some of the key aerospace thermoplastic companies are as follows:
• Solvay
• Victrex
• BASF
• China Lumena New Materials Corporation
• DIC Corporation
• SABIC
• Toray Industries
Q6. Which aerospace thermoplastic market segment will be the largest in future?
Answer: Lucintel forecasts that reinforced is expected to witness the higher growth over the forecast period.
Q7. In aerospace thermoplastic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aerospace thermoplastic market by platform type (commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and unmanned aerial vehicle), form type (reinforced and unreinforced), application (exteriors, interiors, assembly components, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aerospace Thermoplastic Market Market, Aerospace Thermoplastic Market Market Size, Aerospace Thermoplastic Market Market Growth, Aerospace Thermoplastic Market Market Analysis, Aerospace Thermoplastic Market Market Report, Aerospace Thermoplastic Market Market Share, Aerospace Thermoplastic Market Market Trends, Aerospace Thermoplastic Market Market Forecast, Aerospace Thermoplastic Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.