Market revenue in 2024 | USD 58.9 million |
Market revenue in 2030 | USD 119.3 million |
Growth rate | 12.8% (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 68.59% in 2024. Horizon Databook has segmented the Japan 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.
Japan continues to offer a lucrative market for aircraft engines, imported aircraft, and aircraft components. According to the International Trade Administration, U.S.-based aircraft manufacturers have an overwhelming presence in the Japanese market due to long-standing relationships with aircraft component trading firms and domestic manufacturers.
The Japanese aerospace industry undertakes international projects, and develops small jet engines for civil aviation, patrol aircraft for defense, and small jets, thus presenting ample opportunities for U.S.-based aircraft manufacturers, which can present a positive growth outlook for aerospace plastics.
Since plastic based seals, gaskets, engine mounts, and brackets are used in aircraft engines, the expected growth in aircraft orders can drive the demand for engines from the Japanese market; this is expected to drive the demand for plastic-based components over the forecast period.
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