China Aerospace Plastics Market Size & Outlook, 2023-2030
China aerospace plastics market, 2019-2030 (US$M)
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China aerospace plastics market highlights
- The China aerospace plastics market generated a revenue of USD 103.2 million in 2023 and is expected to reach USD 274.1 million by 2030.
- The China market is expected to grow at a CAGR of 15% 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 103.2 million |
| Market revenue in 2030 | USD 274.1 million |
| Growth rate | 15% (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, China accounted for 1.4% 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 Asia Pacific, China aerospace plastics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 274.1 million by 2030.
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Aerospace Plastics Market Scope
Aerospace Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 62.89% in 2023. Horizon Databook has segmented the China 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.
According to the International Trade Administration, China is the fastest-growing civil aerospace and aviation services market globally. China-based aerospace companies are engaged in supplying parts to foreign aircraft manufacturers in the global commercial aviation industry.
However, the country is developing its domestic aircraft manufacturing capabilities which can result in positive market growth for aerospace plastics over the coming years. The two fatal crashes involving Boeing 737 MAX aircraft in 2019 resulted in the Chinese government halting the import of commercial aircraft from Boeing.
The U.S. and China trade war since 2020 has further created uncertainty regarding the supply of aircraft by Boeing and is expected to reduce the chances of Boeing to establish its market position in the aviation market.
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Horizon Databook provides a detailed overview of country-level data and insights on the China aerospace plastics market , including forecasts for subscribers. This country databook contains high-level insights into China aerospace plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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China aerospace plastics market size, by product, 2019-2030 (US$M)
China Aerospace Plastics Market Outlook Share, 2023 & 2030 (US$M)
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