Market revenue in 2024 | USD 31.0 million |
Market revenue in 2030 | USD 38.9 million |
Growth rate | 4.1% (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 57.1% in 2024. Horizon Databook has segmented the UAE 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.
A significant portion of the UAE's economy comes from the civil aviation industry. Initiatives by the UAE government and investments in aerospace sector have stimulated a strong desire for corporate alliances and helped the UAE outperform other regional markets.
The offset program, industrial clusters, and academic programs are a few of these initiatives. As a result of these activities, more contracts for new manufacturing and maintenance, repair, and overhaul (MRO) projects were signed in the UAE, helping the nation advance its long-term plan to become a knowledge-based economy.
In the past few years, Mubadala and Boeing have agreed to four contracts for the delivery of advanced composites. These all factors are anticipated to drive the aerospace plastics market during the forecast period.
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