Latin America Aerospace Plastics Market Size & Outlook
Latin America aerospace plastics market, 2019-2030 (US$M)
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Latin America aerospace plastics market highlights
- The Latin America aerospace plastics market generated a revenue of USD 329.4 million in 2024.
- The market is expected to grow at a CAGR of 9.4% 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, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 329.4 million |
| Market revenue in 2030 | USD 555.2 million |
| Growth rate | 9.4% (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, Latin America region accounted for 4.0% 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 66.48% in 2024. Horizon Databook has segmented the Latin America 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.
Central & South America is expected to grow at a CAGR of 8.8% in terms of revenue over the forecast period. Brazil is one of the strongest competitors in manufacturing a wide range of aerospace products in the global market. Embraer is one of the leading aircraft manufacturers located in Brazil.
Latin American companies have well-established and integrated distribution networks at par with other leading aerospace companies, which makes them suitable for aircraft manufacturing owing to favorable government regulations and policies.
Passenger air traffic has increased as a result of rising consumer disposable income and the growing disposition of consumers to opt for luxurious and comfortable travel modes. The aforementioned factors are expected to drive the demand for aerospace plastics in Latin America over the forecast period.
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Aerospace Plastics Market Scope
Aerospace Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America aerospace plastics market size, by country, 2019-2030 (US$M)
Latin America Aerospace Plastics Market Outlook Share, 2024 & 2030 (US$M)
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