Aerospace Foam Market was valued at $4,584 million in 2016, and is expected to garner $7,482 million by 2023, registering a CAGR of 7.2% during the forecast period 2017 – 2023. On the basis of type segment, polyurethane foam occupied more than two-fifths share in 2016.
Aerospace foams are materials used for cushioning and insulation in aircrafts owing to their excellent properties, such as durability, tensile strength, and rigidness. Aerospace foams, such as polyurethane, polyethylene, ceramic, and metal foam, provide superior insulation in varied temperature ranges and reduce air leakage.
Download Free PDF Sample Report (Including COVID-19 effect Analysis) @ https://www.alliedmarketresearch.com/request-sample/1976
Enhanced insulation, lightweight, and durability have projected the demand for polyurethane foams with applications in headrest, carpet pads, cockpit panels, door, and others. Moreover, excellent thermal & mechanical stability and lightweight features have increased the demand for polyethylene in aerospace applications. Metal foams have excellent insulation and lightweight properties, owing to the increase in demand is expected to enhance commercial & military aircraft. The general aviation segment is the major market driver for aerospace foam, owing to increase in demand for aircraft deliverability and increase in growth of passenger carriers. Furthermore, increase in governmental investments is expected to fuel the demand for aerospace foam in military applications. Volatility in raw materials prices are expected to hinder the market growth but, developments in biodegradable aerospace foams, such as green polyurethane foam are expected to create growth opportunities in the market.
Key Findings of Aerospace Foam Market
LAMEA is projected to grow at a CAGR of 7.3% during the analysis period, owing to increase in urbanization. North America and Europe were the major market drivers for aerospace foam. The increase in demand for low cost airlines is expected to boost the market in Asia-Pacific regions.
Key players operating in the market include BASF SE, Huntsman Corporation, ARMACELL, Boyd Corporation, Evonik Industries, Rogers Corporation, SABIC Innovative Plastics, General Plastics Manufacturing Company, Zetofoams Plc, and ERG Materials.
Interested in Procuring This Report? Visit Here: https://www.alliedmarketresearch.com/aerospace-foam-market/purchase-options
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.