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  • Aerospace Foams Market Growth & Forecast Analysis | 2023-2028

    Aerospace Foams Market Growth & Forecast Analysis | 2023-2028

    Aerospace Foams Market Growth & Forecast Analysis | 2023-2028
    Report code - SRAD311 Delivery - 2 Weeks
    Aerospace Foams Market Size, Share, Trends, Dynamics, Growth, & Forecast Analysis - 20 See more...

    Market Insights

    The aerospace foams market was estimated at USD 5.53 billion in 2022 and is likely to grow at a CAGR of 8.02% during 2023-2028 to reach USD 8.81 billion in 2028.

    Aerospace-Foams-Market-Insights

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    What are aerospace foams?

    Aerospace foams are low-density cellular structured materials and are used for cushioning, vibration dampening, and insulation in aircraft. They have various properties such as durability, rigidity, heat resistance, and tensile strength.

    Aerospace foams are made of different materials such as PU foams, PE foams, melamine foams, metal foams, PMI/polyimide foams, and others and are used in different applications such as seats, floor carpets, flight deck pads, and overhead stowage bins.

    Aerospace Foams Market Highlights

    Market Size in 2022

    USD 5.53 billion

    Market Size in 2028

    USD 8.81 billion

    Market Growth (2023-2028)

    8.02% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Some of the major aerospace foam manufacturers are-

    • Armacell International S.A.
    • BASF SE
    • Boyd Corporation
    • Evonik Industries AG
    • ERG Materials & Aircraft Corp.
    • FoamPartner
    • Rogers Corporation
    • SABIC
    • UFP Technologies, Inc.
    • Zotefoams PLC.

    Market Dynamics

    Increasing demand for lightweight and fuel-efficient aircraft, along with the growing aviation industry across the globe, is driving the growth of the market. The manufacturing of advanced materials and new product launches by various prominent players in the aerospace industry is one of the major drivers underpinning the growth of the aerospace foams industry, globally.

    In addition, the favorable government policies in Brazil, along with the increase in the use of bio-based PU foams in North America and Europe, are likely to spur and diversify the aerospace foams market during the forecast period.

    Aerospace-Foams-Market-Dynamics

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    Segments' Analysis

    By Material Type

    Based on the material type, the market is segmented as PU foams, PE foams, melamine foams, metal foams, PMI/polyimide foams, and others. The PE foams segment dominated the market in 2022 and is expected to remain dominant during the forecast period. Wide usage of PE-based aerospace foams in various applications of aircraft, such as seats and carpets is driving the growth of the segment.

    By Aircraft Type

    Based on the aircraft type, the market is segmented as commercial aircraft, military aircraft, general aviation, regional aircraft, and helicopters. The commercial aircraft segment is expected to remain dominant during the forecast period owing to an increase in the number of air passengers worldwide and the growing aircraft industry.

    Regional Insights

    In terms of regions, North America is estimated to be the largest market for aerospace foams during the forecast period, with The USA, Canada, and Mexico being the major countries offering lucrative growth opportunities. The North American market for aerospace foams is driven by the increasing number of passengers leading to the growth of the aviation industry, coupled with the increasing military expenditure. Europe and Asia-Pacific are also expected to offer considerable growth opportunities during the forecast period.

    Aerospace-Foams-Market-Regional-Insights

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Material Type

    • PU Foams
    • PE Foams
    • Melamine Foams
    • Metal Foams
    • PMI/Polyimide Foams
    • Others

    By Aircraft Type

    • Commercial Aircraft
    • Military Aircraft
    • General Aviation
    • Regional Aircraft
    • Helicopter

    By Application Type

    • Aircraft Seats
    • Aircraft Floor Carpets
    • Flight Deck Pads
    • Overhead Stowage Bins
    • Others

    By End-User Type

    • OE
    • Aftermarket

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Aerospace-Foams-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Aerospace Foams Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by end-use industry type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Aerospace foams are low-density cellular structured materials and are used for cushioning, vibration dampening, and insulation in aircraft. They have various properties such as durability, rigidity, heat resistance, and tensile strength.

    The aerospace foams market was estimated at USD 5.53 billion in 2022.

    The aerospace foams market is likely to reach USD 8.81 billion in 2028.

    The aerospace foams market is expected to witness an impressive CAGR of 8.02% in the foreseeable future.

    Armacell International S.A., BASF SE, Boyd Corporation, Evonik Industries AG, ERG Materials & Aircraft Corp., FoamPartner, Rogers Corporation, SABIC, UFP Technologies, Inc., and Zotefoams PLC are among the key players in the market.

    North America is expected to remain the largest market.

    The commercial aircraft segment is expected to remain dominant in the market.

    Increasing demand for lightweight and fuel-efficient aircraft, the growing aviation industry across the globe are the factors driving the growth of the market.

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