The Aerospace Foam Market is expected to be worth USD 10.17 Billion, with a CAGR of 11% over the forecast period. The market was worth USD 5.13 Billion during the historic forecast period.
Because of its exposure to uncommon or harsh environments, the aircraft sector demands materials with exceptional chemical and mechanical qualities. Foam is one such material that is in high demand in the aerospace sector due to its lightweight, cellular structure, vibration dampening property, outstanding rigidity, high tensile strength, durability, and heat resistance, among other characteristics. Polyurethane foam, polyethylene foam, melamine foam, metal foam, polyimide foam, and other forms of aircraft foam are available on the market. Basotect UL, ROHACELL, SOLIMIDE, BISCO silicone, Ensolite, ULTEM Foam, Duocel, ZOTEK, LAST-A-FOAM, TegraCore, Greiner aerospace, SIVEX, and Vespel SF are just a few of the brand names. The increased demand for lightweight materials in aircraft construction to improve fuel efficiency is a major driver driving the worldwide aerospace foam market forward. The weight of the airplane increases the amount of fuel consumed by the engine, and consequently, the amount of CO2 emitted.
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Based on the application, the market has been segmented as Aircraft Seats, Interior Panel Structures, Floor Coverings, Flight Deck Pads, and Electrical Components.
Based on the industry end-use, the market has been segmented as Commercial Aircraft, General Aviation, and Military Aircraft.
Based on the type, the market has been segmented as Polyurethane Foam, Polyethylene Foam, Melamine Foam, Metal Foam, Polyimide Foam, and Others.
Based on the region, the market has been segmented as Asia-Pacific (APAC), North America, Europe, Latin America, and the Middle East and Africa.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of Global Aerospace Foams Market
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With a market share of over 40% during the historic forecast period, North America is expected to rise significantly throughout the forecast period. The North American market is growing due to the developing aerospace sector and the presence of a significant number of aerospace manufacturers in the United States. Everything from aircraft designers, manufacturers, and suppliers to service providers is part of the large-scale aerospace sector in the United States. The region’s high military spending is also driving up demand for aerospace foams for military aircraft building.
Europe is another important market for aerospace foams, with significant growth projected over the forecast period.
During the forecast period, the APAC region is expected to have the greatest CAGR. The market’s expansion is fueled by strong economic growth, rising per-capita income and population, and changing demographic characteristics. In the future years, China is likely to overtake the United States as the largest country-level market for aerospace foams. During the projection period, India is predicted to be the third-largest country-level market for aerospace foams, followed by the United States.
The major key players of the Aerospace Foams market are BASF SE (Germany), Evonik Industries AG (Germany), Boyd Corporation (US), Rogers Corporation (US), ARMACELL LLC (US), SABIC (Saudi Arabia), ERG Aerospace Corp (US), Zotefoams Plc (UK), General Plastics Manufacturing Company (US), Solvay (Belgium), Greiner aerospace GmbH (Germany), Pyrotek (US), DuPont de Nemours, Inc (US).
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