India Aerospace Plastics Market Size & Outlook, 2024-2030
India aerospace plastics market, 2019-2030 (US$M)
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India aerospace plastics market highlights
- The India aerospace plastics market generated a revenue of USD 70.0 million in 2024 and is expected to reach USD 155.6 million by 2030.
- The India market is expected to grow at a CAGR of 14.6% 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.
Aerospace plastics market data book summary
| Market revenue in 2024 | USD 70.0 million |
| Market revenue in 2030 | USD 155.6 million |
| Growth rate | 14.6% (CAGR from 2025 to 2030) |
| Largest segment | Polyetheretherketone (peek) |
| Fastest growing segment | Polyetheretherketone (PEEK) |
| Historical data | 2019 - 2023 |
| Base year | 2024 |
| Forecast period | 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, India accounted for 0.9% of the global aerospace plastics market in 2024.
- 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.
Polyetheretherketone (peek) was the largest segment with a revenue share of 70.57% in 2024. Horizon Databook has segmented the India 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.
Under the ‘Make in India’ movement, the Government of India is taking several measures to boost domestic manufacturing for the aerospace sector as well. In February 2021, Aero India 2021 program was announced by the Government of India which witnessed the participation of aerospace component manufacturers and domestic and international aircraft manufacturers.
Among the participants were, Hindustan Aeronautics Ltd, Israel Aerospace Industries Ltd., Boeing, and JSC. In the Defense Acquisition Procedure 2020, initiatives were incorporated to encourage FDIs for establishing manufacturing hubs in India.
The aerospace sector in India consists of aircraft manufacturers such as Mahindra Aerospace, Hindustan Aeronautics Limited (HAL), Lockheed Martin India Pvt Ltd., Boeing India Pvt Ltd., Dassault Aviation, Airbus, and Tata Advanced Systems Limited (TASL).
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Aerospace Plastics Market Scope
Aerospace Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India aerospace plastics market size, by product, 2019-2030 (US$M)
India Aerospace Plastics Market Outlook Share, 2024 & 2030 (US$M)
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