Aerospace Foams Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aerospace foams market size has grown strongly in recent years. It will grow from $5.11 billion in 2023 to $5.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to rise in defense budgets, aerospace industry growth, aircraft fleet modernization, safety regulations, .
The aerospace foams market size is expected to see strong growth in the next few years. It will grow to $7.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rising urban air mobility, rise in space tourism, demand for aircraft interior comfort, rising air traffic, rise in disposable income. Major trends in the forecast period include sustainable materials, use of 3d printing, advanced insulation, noise reduction materials, fire-resistant foams.
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Scope Of Aerospace Foams Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aerospace Foams Market Overview
Market Drivers –
The increasing fleet size of commercial aircraft is significantly contributing to the growth of the aerospace foams market. The aircraft fleet is known as the number of airplanes operated by the respective airline. Increasing fleet size requires aerospace foams to be added to aircraft designs such as seats, cabin walls, ceilings, floor carpets, flight deck pads, and overhead stow bins, among others, thereby promoting the growth of aerospace foams used in the manufacturing of aircraft. For instance, according to Boeing, a US-based aerospace company’s commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 airplanes by 2040. Therefore, the increasing fleet size of commercial aircraft is driving the growth of the aerospace foams market.
The aerospace foams market covered in this report is segmented –
1) By Product: Polyurethane, Polyimide, Metal Foams, Melamine, Polyethylene, Other Products
2) By Application: Aircraft Seats, Aircraft Floor Carpets, Cabin Walls and Ceilings, Flight Deck Pads, Overhead Stow Bins, Other Applications
3) By End-Use: General Aviation, Commercial Aviation, Military Aircraft
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Regional Insights –
North America was the largest region in the aerospace foams market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace foams market share during the forecast period. The regions covered in the aerospace foams market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the aerospace foams market include Badische Anilin- und Sodafabrik, Evonik Industries AG, Boyd Corporation, Rogers Corporation, FoamPartner Group, Armacell International SA, Saudi Basic Industries Corporation, ERG Materials and Aerospace Corp, UFP Technologies Inc., Zotefoams plc, General Plastics Manufacturing Co, Solvay SA, Greiner AG, Pyrotek Inc., Technifab Inc., Reiner Aerospace Inc., 3A Composites India Pvt Ltd., Aerofoam Industries LLC, Diab Group, DuPont de Nemours Inc., Grand Rapids Foam Technologies, Recticel NV/SA, Huntsman Corporation, NCFI Polyurethanes, Neill Corporation, Sekisui Aerospace Corporation, FXI Holdings Inc., Covestro AG, BASF SE, Azelis Holding SA, Reichhold Holdings US Inc.
Table of Contents
1. Executive Summary
2. Aerospace Foams Market Report Structure
3. Aerospace Foams Market Trends And Strategies
4. Aerospace Foams Market – Macro Economic Scenario
5. Aerospace Foams Market Size And Growth
…..
27. Aerospace Foams Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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