Amid the COVID-19 crisis, the global market for Aerospace Foams estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$6 Billion by 2027, growing at a CAGR of 4.8% over the period 2020-2027.
The U. S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 4.5% CAGR for the Period of 2020-2027
The Aerospace Foams market in the U. S. is estimated at US$1.3 Billion in the year 2020. The country currently accounts for a 29.46% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.1 Billion in the year 2027 trailing a CAGR of 4.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$1.1 Billion by the year 2027.The publisher brings years of research experience to this 16th edition of our report. The 102-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Aerofoam Industries
- Armacell International S. A.
- BASF SE
- Boyd Corporation
- ERG Materials and Aerospace Corp.
- Evonik Industries AG
- General Plastics Manufacturing Company
- Grand Rapids Foam Technologies
- Polymer Technologies, Inc
- Rogers Corporation
- SABIC Innovative Plastics Holding BV
- Sekisui Voltek, LLC
- Solvay Specialty Polymers
- UFP Technologies, Inc.
- Zotefoams Plc
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Foams: A Versatile & Important Engineering Material
Recent Market Activity
Continued Recovery in Global GDP Promises Stronger Growth for the A&D Industry
Opportunities for Aerospace Foams in Aircraft Manufacturing Get an Encouraging Boost from High Order Backlogs
Market Outlook
Impact of Covid-19 and a Looming Global Recession
Global Competitor Market Shares
Aerospace Foams Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
Healthy Global Defense Spending Outlook to Spur Opportunities for Aerospace Foams in Military Aircraft
Aerofoam Industries (USA)
Armacell International S.A. (Germany)
BASF SE (Germany)
Boyd Corporation (USA)
ERG Materials and Aerospace Corp. (USA)
Evonik Industries AG (Germany)
General Plastics Manufacturing Company (USA)
Grand Rapids Foam Technologies (USA)
Greiner Aerospace GmbH (Germany)
Mueller (USA)
Polymer Technologies, Inc. (USA)
Rogers Corporation (USA)
SABIC Innovative Plastics Holding BV (Netherlands)
Sekisui Voltek, LLC (USA)
Solvay Specialty Polymers (USA)
UFP Technologies, Inc. (USA)
Zotefoams Plc (UK)
3. MARKET TRENDS & DRIVERS
Key Noteworthy Market Trends, Drivers & Issues
Healthy Growth of the Commercial Aviation Sector Presents Opportunities Across the Aircraft Manufacturing Supply Chain
Continuing Quest for Quieter Cabins Fuels Interest in High Performance Aerospace Foams
A Peek Into Secondary Market Forces in the Commercial Aviation Sub-Sector Supporting the Business Climate for Aerospace Foams
Growing Number of Low Cost Carriers Spur Demand for New Low-Margin Aircraft
Population Explosion, Emerging Middle Class & Urbanization: The Megatrends Driving Air Travel
Focus on Aircraft Cabin Retrofits to Differentiate the Airline Brand Image Spurs Opportunities in the Aftermarket
Fast-Growing UAV Market Spurs Demand for Advanced Aerospace Grade Foams
Growth in High Net Worth Individuals Bodes Well for Sales of Private Jets & Volume Consumption of Aerospace Foam
Foam Insulation Assumes Critical Importance in Luxury Jets
Expected Growth in High Net Worth Individuals (HNWIs): A Critical Driver for Jet Planes
Rise in Jet Plane Deliveries to Strengthen Opportunities for Aerospace Foams
Stringent Emission Regulations & Rising Aviation Fuel Prices Encourage Aircraft Upgrades, Triggering Rise in New Orders
Expected Recovery in Global Trade Brightens the Outlook for Freighter Aircraft Orders
Continuous Technology Innovations in Materials Remains Crucial to Future Growth in the Market
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Aerospace Foams Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Aerospace Foams Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Aerospace Foams Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
Market Analytics
TABLE 4: United States Aerospace Foams Market Estimates and Projections in US$ Million: 2020 to 2027
TABLE 5: Aerospace Foams Market in the United States: A Historic Review in US$ Million for 2012-2019
CANADA
TABLE 6: Canadian Aerospace Foams Market Estimates and Forecasts in US$ Million: 2020 to 2027
TABLE 7: Canadian Aerospace Foams Historic Market Review in US$ Million: 2012-2019
JAPAN
TABLE 8: Japanese Market for Aerospace Foams: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 9: Aerospace Foams Market in Japan: Historic Sales Analysis in US$ Million for the Period 2012-2019
CHINA
TABLE 10: Chinese Aerospace Foams Market Growth Prospects in US$ Million for the Period 2020-2027
TABLE 11: Aerospace Foams Historic Market Analysis in China in US$ Million: 2012-2019
EUROPE
Market Facts & Figures
Market Analytics
TABLE 12: European Aerospace Foams Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 13: Aerospace Foams Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 14: European Aerospace Foams Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
FRANCE
TABLE 15: Aerospace Foams Market in France: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 16: French Aerospace Foams Historic Market Scenario in US$ Million: 2012-2019
GERMANY
TABLE 17: Aerospace Foams Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 18: German Aerospace Foams Historic Market Analysis in US$ Million: 2012-2019
ITALY
TABLE 19: Italian Aerospace Foams Market Growth Prospects in US$ Million for the Period 2020-2027
TABLE 20: Aerospace Foams Historic Market Analysis in Italy in US$ Million: 2012-2019
UNITED KINGDOM
TABLE 21: United Kingdom Market for Aerospace Foams: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 22: Aerospace Foams Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2012-2019
REST OF EUROPE
TABLE 23: Rest of Europe Aerospace Foams Market Estimates and Forecasts in US$ Million: 2020-2027
TABLE 24: Aerospace Foams Market in Rest of Europe in US$ Million: A Historic Review for the Period 2012-2019
ASIA-PACIFIC
TABLE 25: Aerospace Foams Market in Asia-Pacific: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 26: Asia-Pacific Aerospace Foams Historic Market Scenario in US$ Million: 2012-2019
REST OF WORLD
TABLE 27: Rest of World Aerospace Foams Market Estimates and Forecasts in US$ Million: 2020 to 2027
TABLE 28: Rest of World Aerospace Foams Historic Market Review in US$ Million: 2012-2019
IV. COMPETITION
Total Companies Profiled: 40
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