Europe Aerospace Plastics Market Size & Outlook, 2024-2030
Europe aerospace plastics market, 2019-2030 (US$M)
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Europe aerospace plastics market highlights
- The Europe aerospace plastics market generated a revenue of USD 2,762.6 million in 2024.
- The market is expected to grow at a CAGR of 9.9% 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, Germany is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 2,762.6 million |
| Market revenue in 2030 | USD 4,777.8 million |
| Growth rate | 9.9% (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, Europe region accounted for 33.9% 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 65.34% in 2024. Horizon Databook has segmented the Europe 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 aerospace industry requires a skilled workforce with expertise in design and development of complex airplane structures. European countries have required engineering expertise which is expected to boost the market over the forecast period.
In July 2022, Airbus secured a bulk order from four Chinese airlines for 292 of its A320 single-aisle aircraft dealing a big blow to its rival Boeing. China Eastern Airlines, Air China, China Southern Airlines, and Shenzhen Airlines are the four airlines purchasing the aircraft.
In May 2021, with the construction of the Airbus Helicopters Hungary plant in Gyula, Hungary is now a
major player in the European aviation industry. In addition, in August 2021, Embraer one of the biggest
aerospace manufacturer from Brazil, opened an office in Budapest.
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Aerospace Plastics Market Scope
Aerospace Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe aerospace plastics market size, by country, 2019-2030 (US$M)
Europe Aerospace Plastics Market Outlook Share, 2024 & 2030 (US$M)
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