The global aerospace foam market size reached US$ 5.3 Billion in 2022. Looking forward, the publisher 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 utilized for vibration damping, cushioning, insulating, and packaging. They are used in bedding, upholstery, truck seats, and unique inorganic plant substrates for wall gardens. As they offer heat resistance, durability, and tensile strength to aircraft, aerospace foams are widely used in ceilings and walls, headrests, gaskets, seals, rotor blades, baggage sections, and separators between lavatories and class segments. Besides this, they find extensive applications in the construction, oil and gas, and manufacturing industries.
2. What is the expected growth rate of the global aerospace foam market during 2023-2028?
3. What are the key factors driving the global aerospace foam market?
4. What has been the impact of COVID-19 on the global aerospace foam market?
5. What is the breakup of the global aerospace foam market based on the type?
6. What is the breakup of the global aerospace foam market based on the end user?
7. What are the key regions in the global aerospace foam market?
8. Who are the key players/companies in the global aerospace foam market?
Aerospace foams are cellular structured materials utilized for vibration damping, cushioning, insulating, and packaging. They are used in bedding, upholstery, truck seats, and unique inorganic plant substrates for wall gardens. As they offer heat resistance, durability, and tensile strength to aircraft, aerospace foams are widely used in ceilings and walls, headrests, gaskets, seals, rotor blades, baggage sections, and separators between lavatories and class segments. Besides this, they find extensive applications in the construction, oil and gas, and manufacturing industries.
Aerospace Foam Market Trends:
Aerospace foams can absorb energy from impacts and block rays and radiations. This, along with the rising volume of air traffic and the escalating demand for fuel-efficient and lightweight aircraft around the world, represents one of the key factors driving the market. In addition, governments of several countries are investing in military aircraft and renewable feedstock for manufacturing green aerospace foams. This, coupled with the growing demand for flame retardant and customizable foams across the globe, is positively influencing the market. Additionally, the rising demand for low-cost carrier (LCC) aircraft is propelling the growth of the market. Other growth-inducing factors are rapid urbanization and technological advancements in the aerospace industry. Furthermore, key market players are introducing enhanced headrest platforms by adding a noise cancellation technology to offer a curve around the head of passengers. These players are also installing sensors in the seating systems to monitor temperature, seat belt status, and mobile activation of passengers. Besides this, due to rising concerns about the contribution of the aerospace sector in the global carbon emission and stringent regulations have propelled manufacturers to adopt sustainable materials and newer engineering designs. These innovations are projected to bolster the growth of the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global aerospace foam market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.Key Questions Answered in This Report
1. What was the size of the global aerospace foam market in 2022?2. What is the expected growth rate of the global aerospace foam market during 2023-2028?
3. What are the key factors driving the global aerospace foam market?
4. What has been the impact of COVID-19 on the global aerospace foam market?
5. What is the breakup of the global aerospace foam market based on the type?
6. What is the breakup of the global aerospace foam market based on the end user?
7. What are the key regions in the global aerospace foam market?
8. Who are the key players/companies in the global aerospace foam market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Aerospace Foam Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | May 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 5.3 Billion |
| Forecasted Market Value ( USD | $ 7.9 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
