According to the latest report by IMARC Group, titled “Aerospace Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global aerospace foam market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global aerospace foam market reached a value of US$ 4.89 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.38 Billion by 2027 exhibiting a CAGR of 6.40% during 2022-2027.
Industry Overview and Application :
Aerospace foams are low-density and cellular structured materials used for cushioning, insulation, and vibration dampening. These flexible polyurethane materials are used in flight-deck pads and passenger cabins for seating, overhead luggage bins, galleys, bedding, upholstery, truck seats, and lavatories. As aerospace foams offer rigidity, tensile strength, and durability, they also find extensive applications in the construction, oil and gas, and manufacturing industries.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Aerospace Foam Market Trends and Drivers:
The market is primarily driven by the rising volume of air traffic and the escalating demand for fuel-efficient and lightweight aircraft worldwide. In addition, the increasing government investments in military aircraft and renewable feedstock for manufacturing green aerospace foams represent another major growth-inducing factor.
Besides this, the growing demand for flame retardant and customizable foams are also contributing to the market growth. Moreover, key players are introducing enhanced headrest platforms by adding noise cancellation technology. They are also installing sensors in the seating systems to monitor temperature, seat belt status, and mobile activation of passengers.
Along with this, the rising concerns about the contribution of the aerospace sector in the global carbon emission have prompted manufacturers to adopt sustainable materials and newer engineering designs. This, coupled with the rising demand for low-cost carrier (LCC) aircraft, is creating a positive market outlook across the globe.
|Aerospace Foam Market Report Scope|
|Market size value in 2021||US$ 4.89 Billion|
|Market forecast in 2027||US$ 7.38 Billion|
|Growth Rate||CAGR of 6.40% from 2022 to 2027|
|Base year for estimation||2021|
Global Aerospace Foam Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Aerofoam Industries LLC, BASF SE, Boyd Corporation, DuPont de Nemours Inc., Evonik Industries AG, General Plastics Manufacturing Company, Greiner AG, Huntsman International LLC, Pyrotek Inc., Recticel NV/SA, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Solvay S.A., UFP Technologies Inc. and Zotefoams Plc.
The report has segmented the market on the basis of region, type, application and end user.
Breakup by Type:
- Metal Foams
Breakup by Application:
- Aircraft Seats
- Aircraft Floor Carpets
- Cabin Walls and Ceilings
- Flight Deck Pads
- Overhead Stow Bins
Market Breakup by End User:
- General Aviation
- Military Aircraft
- Commercial Aviation
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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