UK Aerospace Plastics Market Size & Outlook, 2024-2030
UK aerospace plastics market, 2019-2030 (US$M)
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UK aerospace plastics market highlights
- The UK aerospace plastics market generated a revenue of USD 665.6 million in 2024 and is expected to reach USD 1,193.5 million by 2030.
- The UK market is expected to grow at a CAGR of 10.5% 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.
Aerospace plastics market data book summary
| Market revenue in 2024 | USD 665.6 million |
| Market revenue in 2030 | USD 1,193.5 million |
| Growth rate | 10.5% (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 |
Other key industry trends
- In terms of revenue, UK accounted for 8.2% of the global aerospace plastics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK aerospace plastics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 861.5 million by 2030.
Polyetheretherketone (peek) was the largest segment with a revenue share of 66.05% in 2024. Horizon Databook has segmented the UK 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.
Large civil aircraft are not manufactured in the UK and majority of the revenue is generated through exports. In October 2022, Jet2, a British low-cost leisure airline, strengthened its relationship with Airbus by ordering 35 new A320neo family aircraft.
The airline is optimistic about an increase in demand for leisure travel and wants to be ready by employing fuel-efficient modern narrow body planes. It has purchased a total of 98 A320neo series aircraft from Airbus till date. In addition, these 35 planes will cost the company USD 3.9 billion. These factors are expected to positively affect the aerospace plastics market 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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UK aerospace plastics market size, by product, 2019-2030 (US$M)
UK Aerospace Plastics Market Outlook Share, 2024 & 2030 (US$M)
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