Aerospace Plastics Market

As per Market Research Future Analysis, the Global Aerospace Plastics Market was valued at USD 24.15 billion in 2024 and is projected to grow to USD 55.13 billion by 2035, with a CAGR of 7.79% from 2025 to 2035. The market is driven by the rising demand for lightweight materials in commercial and military aircraft, as well as the need for high-performance polymers that can withstand extreme conditions. Key applications include aerostructures, fuselage parts, and interior components, with significant contributions from the commercial aircraft sector. The Asia-Pacific region is expected to exhibit the highest growth rate due to rapid industrialization and government investments in aviation infrastructure.

Key Companies include Hyosung Corporation, Mitsubishi Heavy Industries, Kaman Corporation, SABIC, TORAY INDUSTRIES, BASF SE, Evonik Industries, Solvay, Hexcel Corporation, Premium AEROTEC.

In August 2024, Pexco purchased Precise Aerospace Manufacturing with the goal of strengthening its role in the aerospace industry. By this acquisition Pexco will focus on the customers better and widen the scope of its products in aerospace industry. The transaction is anticipated to add on Pexco’s competitive edge in the business environment by virtue of Precise Aerospace’s resources and expertise.

In August 2024, Magee Plastics, a US-based manufacturer of high-performance thermoplastics and composites for the aerospace market, was acquired by Trelleborg Group. This combination gives bolstering of the Sealing Solutions unit of Trelleborg and widens Trelleborg’s position in the aerospace market.

In February 2024, Evonik introduced a new flame-resistant photopolymer resin that offers mechanical durability when cured, it was first use. The new product can be used in DLP 3D printing along with composite materials that are lightweight and suitable for safety and performance standards required for the aerospace parts which can endure high stress environments.

In November 2023, Drake Plastics announced its initiative of establishing a new campus of 140,000 which they expect to serve as their headquarters. With the announcement of the new location, Drake expects to double their manufacturing output which will help in strengthening the supply chain within the high-performing polymers market.

In October 2023, the Demgy group bought E.I.S. Aircraft GmbH, which is based in Germany and specializes in the production of thermoplastic and composite parts and components for aircraft. This will allow Demgy Group to integrate its operations in Germany and promote its presence in the region by enhancing its capability to process value-added plastics, composites, and high-performance polymers for the aerospace sector.

In July 2023, JayKay Enterprises acquired 76.41% of the shares of Allen Reinforced Plastics Private Limited for $10.9 million (approx 90 Croree). As for the acquisition, which resulted in a huge expansion in the presence of JayKay in the aerospace and defense sector, it will also result in the growth of Allen Reinforced for JayKay.