From 2013 to 2019, the production of plastic parts for aircraft and spacecraft in France saw a steady growth with occasional fluctuations. Exceptionally high growth was achieved in 2018, followed by a slight dip in 2019. The impact of the pandemic was evident with a dramatic decline in 2020 and continued downward trend into 2021. However, the sector rebounded strongly in 2022 with a major increase, continuing its positive trend in 2023. In 2023, the production value stood at 887.68 million Euros, marking a significant recovery.
Looking forward, the forecast indicates a projection of continuous growth, with an annual average growth rate (CAGR) of 4.76% from 2024 to 2028. By 2028, it's expected the production value will reach 1200.4 million Euros, signifying an overall 26.16% growth over the five-year forecast period.
Future trends to watch for include:
- Advancements in aerospace technology driving higher demand for plastic components.
- Increased adoption of lightweight materials for fuel efficiency and sustainability in aerospace designs.
- Impact of regulatory changes and governmental support for the aerospace industry in France.
- Potential supply chain disruptions and their effects on production capabilities.
