Asia Pacific Aerospace Plastics Market Size & Outlook
Asia Pacific aerospace plastics market, 2019-2030 (US$M)
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Asia Pacific aerospace plastics market highlights
- The Asia Pacific aerospace plastics market generated a revenue of USD 311.5 million in 2024.
- The market is expected to grow at a CAGR of 13.9% from 2025 to 2030.
- In terms of segment, polyetheretherketone (peek) was the largest revenue generating product in 2024.
- Polyetheretherketone (PEEK) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 311.5 million |
| Market revenue in 2030 | USD 669.1 million |
| Growth rate | 13.9% (CAGR from 2025 to 2030) |
| Largest segment | Polyetheretherketone (peek) |
| Fastest growing segment | Polyetheretherketone (PEEK) |
| Historical data covered | 2019 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyetheretherketone (PEEK), Polyphenylsulfone (PPSU), Polycarbonate (PC), Polyetherimide (PEI), Polymethyl Methacrylate (PMMA), Polyamide (PA), PolyPhenyleneSulfide (PPS), Polyamide-imide (PAI), Polyphenylene ether (PPE), Polyurethane (PU), Other Product |
| Key market players worldwide | Victrex PLC, SABIC, Solvay SA, Basf SE, Evonik Industries AG, Toray Industries Inc, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc, Celanese Corp Class A, Sumitomo Chemical Co Ltd, Covestro AG, Mitsubishi Chemical Group Corp, PPG Industries Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 3.8% of the global aerospace plastics market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 669.1 million by 2030.
Polyetheretherketone (peek) was the largest segment with a revenue share of 69.7% in 2024. Horizon Databook has segmented the Asia Pacific aerospace plastics market based on polyetheretherketone (peek), polyphenylsulfone (ppsu), polycarbonate (pc), polyetherimide (pei), polymethyl methacrylate (pmma), polyamide (pa), polyphenylenesulfide (pps), polyamide-imide (pai), polyphenylene ether (ppe), polyurethane (pu), other product covering the revenue growth of each sub-segment from 2019 to 2030.
The constant change in the economic environment of Asia has significantly impacted the airline industry
during the past five years. However, emerging economies in Asia including China, India, and Japan are
largely fueling the aerospace plastics market owing to the emergence of the aircraft manufacturing industry in the region.
Aircraft components manufactured by Japanese companies are fairly reliable and gaining popularity across the globe. Also, the expanding military budget along with licensed production of defense aircraft has necessitated the demand for aerospace plastics. The growth of the aerospace industry in China is mainly due to financial support from the government for research and development activities.
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Aerospace Plastics Market Scope
Aerospace Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific aerospace plastics market size, by country, 2019-2030 (US$M)
Asia Pacific Aerospace Plastics Market Outlook Share, 2024 & 2030 (US$M)
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