The latest research study “Aerospace Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global aerospace foam market size 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.
Aerospace foams are cellular-structured materials used for packaging, insulating, vibration damping, and cushioning. They are produced as per aerospace industry standards to offer excellent rigidity, durability, heat resistance, tensile strength, and insulating properties. They are used in upholstery, truck seats, bedding, and unique inorganic plant substrates for wall gardens. They are also utilized in ceilings, walls, headrests, gaskets, seals, rotor blades, baggage sections, and separators between lavatories and class segments. As a result, aerospace foams find extensive applications in the construction, oil and gas, and manufacturing industries.
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Aerospace Foam Market Trends and Drivers:
The global aerospace foam market is primarily driven by the rising volume of air traffic and the escalating demand for fuel-efficient and lightweight aircraft. Additionally, there has been a significant rise in investments in military aircraft and renewable feedstock by governments of numerous countries for manufacturing green aerospace foams.
In line with this, the increasing demand for customizable foams and flame retardants has catalyzed market growth. Besides this, the rising concerns regarding the contribution of the aerospace sector to global carbon emissions and stringent regulations are positively influencing the market growth. Furthermore, several key players are installing sensors in the seating systems to monitor temperature, mobile activation of passengers, and seat belt status.
Along with this, the introduction of enhanced headrest platforms integrated with noise canceling technology to provide a curve around the passengers’ heads has propelled the market growth. Other factors, including the surging demand for low-cost carrier (LCC) aircraft, increasing air passengers, technological advancements, and rapid urbanization, are also anticipated to create a favorable market outlook.
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Global Aerospace Foam Market 2022-2027 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.
Aerospace Foam Companies:
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.
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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 (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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