Canada Aerospace Plastics Market Size & Outlook, 2023-2030
Canada aerospace plastics market, 2019-2030 (US$M)
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Canada aerospace plastics market highlights
- The Canada aerospace plastics market generated a revenue of USD 801.7 million in 2023 and is expected to reach USD 1,364.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, polyetheretherketone (peek) was the largest revenue generating product in 2023.
- Polyetheretherketone (PEEK) is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace plastics market data book summary
| Market revenue in 2023 | USD 801.7 million |
| Market revenue in 2030 | USD 1,364.1 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Polyetheretherketone (peek) |
| Fastest growing segment | Polyetheretherketone (PEEK) |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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, Canada accounted for 10.5% of the global aerospace plastics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aerospace plastics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 854.9 million by 2030.
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Aerospace Plastics Market Scope
Aerospace Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada aerospace plastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace plastics market will help companies and investors design strategic landscapes.
Polyetheretherketone (peek) was the largest segment with a revenue share of 60.06% in 2023. Horizon Databook has segmented the Canada 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.
Canada has a number of aerospace companies employing approximately 200,000 skilled professionals. Avcorp Industries, Pratt & Whitney Canada, CMC Electronics, Héroux-Devtek, and IMP Aerospace & Defence are some of the major companies in Canada which manufacture different components for the aerospace industry.
The presence of major manufacturers in the region is expected to support the aerospace industry over the forecast period. In September 2022, WestJet Group and Boeing signed an agreement to purchase 42 more MAX aircraft, with an option of purchasing 22 more. The addition of this order to WestJet's remaining 23 MAX orders pushes the airline's fleet expansion goals to 2028.
In addition, in October 2022, Air Canada ordered an additional 15 Airbus A220-300s, bringing its total order for the Canadian-built model to 60 aircraft. Increasing demand for aircraft is, therefore, expected to propel the aerospace plastics market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada aerospace plastics market , including forecasts for subscribers. This country databook contains high-level insights into Canada aerospace plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada aerospace plastics market size, by product, 2019-2030 (US$M)
Canada Aerospace Plastics Market Outlook Share, 2023 & 2030 (US$M)
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