The latest research study “Aerospace Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global aerospace foam market size reached US$ 5.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.22% during 2023-2028.
Aerospace foams are cellular structured materials specially developed as per aerospace industry standards to be used in cushioning, insulating, vibration damping, and packaging. Some commonly utilized foams are polyurethane, metal, polyethylene, and ceramic. They are used in bedding, upholstery, truck seats, and unique inorganic plant substrates for wall gardens. As they also offer heat resistance, durability, and tensile strength to aircraft, these foams are widely utilized in headrests, gaskets, rotor blades, ceilings and walls, baggage sections, and separators between lavatories and class segments. Moreover, aerospace foam also finds extensive applications across the oil and gas, manufacturing, and construction industries.
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Aerospace Foam Market Trends and Drivers:
The market is primarily driven by the expanding aerospace industry. In addition, the escalating demand for fuel-efficient lightweight aircraft and the rising volume of air traffic due to economic and demographic growth represents other growth-inducing factors.
Moreover, numerous governments are investing in military airplane and renewable feedstock for manufacturing green aerospace foams. This, coupled with the rising popularity of low-cost carrier (LCC) aircraft, is augmenting the market growth.
Furthermore, manufacturers are introducing enhanced headrest platforms by adding a noise cancellation technology to offer a curve around the head of passengers and advanced sensors that can be installed in the seating systems to monitor seat belt status, temperature, and mobile activation of passengers. On account of these factors, the market is expected to witness positive growth in the coming years.
Global Aerospace Foam Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
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:
- Polyurethane
- Polyimide
- Metal Foams
- Melamine
- Polyethylene
- Others
Breakup by Application:
- Aircraft Seats
- Aircraft Floor Carpets
- Cabin Walls and Ceilings
- Flight Deck Pads
- Overhead Stow Bins
- Others
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 (2017-2022)
- Market Outlook (2023- 2028)
- 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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