Market revenue in 2024 | USD 10.3 million |
Market revenue in 2030 | USD 21.8 million |
Growth rate | 13.6% (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 |
Polyetheretherketone (peek) was the largest segment with a revenue share of 77.67% in 2024. Horizon Databook has segmented the Indonesia 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.
Before the 1997 Asian financial crisis, Indonesia’s aircraft manufacturing sector catered to global aircraft manufacturers Airbus and Boeing. However, despite the financial crisis, Indonesia is building its aviation sector and is likely to become a stronger competitor due to the presence of local aircraft manufacturers Regio Aviasi Industri (RAI) and Dirgantara Indonesia (DI).
These companies continue to develop new planes. The business growth of these companies significantly impacts the aerospace sector growth in Indonesia. Indonesia is the only country in Southeast Asia that possesses the manufacturing capability to produce complex aircraft.
Other Southeast Asian countries focus more on maintenance, repair, and overhaul services, as well as manufacturing parts. This provides a positive market outlook for the aerospace plastics market in Indonesia since plastic is widely used in the manufacturing of cabin interiors, seats, windshields, and other structural parts.
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