Global Aerospace Foam Market, By Type (PU Foam, PE Foam, Ceramic Foam, Melamine Foam, Metal Foam, PI Foam, PET Foam, PVC Foam, Specialty High Performance Foam, Others), Application (Aircraft Seats, Aircraft Floor Carpets, Flight Deck Pads, Overhead Stow Bins), End Use (General Aviation, Commercial Aviation, Military Aircraft), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the aerospace foam market will witness a CAGR of 6.20% for the forecast period of 2021-2028 and is likely to reach at USD 10.41 billion by 2028.
Aerospace foam is a high-performance insulating substance that provides cushioning, support, and structural support to the regions where it is employed. These materials give protection against undesirable vibrations, improve insulation, and increase comfort by increasing cushioning levels.
The rise in the demand for lightweight and fuel-efficient aircraft is the major driver that will influence the growth of aerospace foam market. Furthermore, the rise in the volume of air traffic and airways travelling population coupled with the increasing disposable income will accelerate the aerospace foam market growth rate. In addition to this, upsurge in the demand for flame retardant and customizable foams for different application areas and rapid urbanization will positively impact the market growth rate.
Moreover, increase in the investment by government in military aircrafts and renewable feedstock for manufacturing green polyurethane foams will provide beneficial opportunities for the aerospace foam market growth.
On the other hand, strict rules associated with the utilization of polyurethane foams and unstable prices of raw material will hamper the growth of the market. Also, disposal and recycling problems might further challenge the growth rate of market.
This aerospace foam market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on aerospace foam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aerospace Foam Market Scope and Market Size
The aerospace foam market is segmented on the basis of type, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the aerospace foam market is segmented into PU foam, PE foam, ceramic foam, melamine foam, metal foam, PI foam, PET foam, PVC foam, specialty high performance foam and others.
- On the basis of application, the aerospace foam market is segmented into aircraft seats, aircraft floor carpets, flight deck pads and overhead stow bins.
- On the basis of end use, the aerospace foam market is segmented into general aviation, commercial aviation and military aircraft.
Aerospace Foam Market Country Level Analysis
The aerospace foam market is analysed and market size, volume information is provided by country, type, application and end use as referenced above.
The countries covered in the aerospace foam market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the aerospace foam market and will continue to flourish its dominance during the forecast period due to the well-established aircraft sector and increase in the passenger travelling from and towards these regions. Asia-Pacific will continue to however project the highest CAGR for this period because of the availability of raw materials and swift industrial expansion.
The country section of the aerospace foam market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Aerospace Foam Market Share Analysis
The aerospace foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aerospace foam market.
The major players covered in the aerospace foam market report are BASF SE, Armacell, Boyd Corporation, Evonik Industries AG, ERG Aerospace Corp., SABIC, Zotefoams plc, Solvay, Fritz Nauer AG, UFP Technologies, Inc., NCFI Polyurethanes, DuPont, Recticel, Rogers Corporation, Huntsman International LLC, Aerofoam Industries, LLC, Technifab, Inc., Forest City Technologies, Inc., Pyrotek, Greiner Foam International GmbH, SINFO, spol. s r.o., Airex AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.