Market revenue in 2024 | USD 4,642.0 million |
Market revenue in 2030 | USD 7,741.4 million |
Growth rate | 9.2% (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 |
Polyetheretherketone (peek) was the largest segment with a revenue share of 67.28% in 2024. Horizon Databook has segmented the North 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.
The aerospace plastics market in North America is expected to witness substantial demand owing to the presence of major manufacturers in the region including Boeing, Bombardier, Airbus, and others. The region is expected to witness a growing demand for fuel-efficient aircraft in the coming years on account of the rising fuel prices.
A high replacement of regional aircraft is also driving growth of the matured North American aerospace plastics market. The urge to modify/replace the existing inefficient aircraft with a fuel-efficient airplane is expected to augment market growth.
In January 2022, According to Boeing, new aircraft deliveries and sales increased last year as consumers looked past the impact of the COVID-19 outbreak on travel demand. Up from 157 in 2020, Boeing delivered 340 jetliners to airlines and other purchasers.
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