The Aerospace Foam Market registers enormous growth rate during the forecast period, 2014–2022

Big Market Research added a report on “Aerospace Foam Market By Type Of Foam (Polyurethane, Polyethylene, Ceramic, Metal, And Others) And Application (General Aviation, Commercial Aircraft, And Military Aircraft) - Global Opportunity Analysis And Industry Forecast, 2015-2023”

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The global aerospace foam industry was at valued $4,584 million in 2016, and is expected to reach $7,482 million by 2023, growing at a CAGR of 7.2% from 2017 to 2023. Aerospace foams are materials used for cushioning and insulation in aircraft. These materials have excellent properties, such as durability, tensile strength, and rigidness that make them a versatile material of choice for aerospace applications. Aerospace foams, such as polyurethane, polyethylene, ceramic foam, and metal foam provides superior insulation in varied temperature ranges and reduce air leakage.

Rise in demand for low-cost carrier airlines has increased the demand for aerospace foam in commercial aircraft, owing to its excellent lightweight and insulating properties and rapid urbanization has enhanced the demand for aerospace foam in the aircraft industry. The increase in governmental investment in military aircrafts is expected to boost the growth of aerospace foam by creating lucrative market growth potential. In addition, the demand for polyurethane foam products for aircraft flight decks and interior cabins has increased, owing to their excellent absorption and cushioning formulations. This trend is expected to increase the scope of polyurethane foams in military & defense grade applications. However, availability of raw materials, low shelf life period, and government regulations are expected to hinder the market growth. Furthermore, increase in investments and growth in renewable material for manufacturing green polyurethane-based foam are expected to generate significant growth opportunities.

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North America is the major market for aerospace foams, owing to the presence of leading aviation & aircraft manufacturers followed by Asia-Pacific. Rapid industrial expansion and availability of raw materials are expected to boost the demand for aerospace foam in emerging economies of Asia-Pacific, such as China and India.

The report on the global aerospace foam is segmented into type of foam, application, and geography. Based on type, it is classified into polyurethane, polyethylene, ceramic, metal, and others. Based on application, it is categorized into general aviation, commercial aircraft, and military aircraft. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Benefits
• This report entails the detailed quantitative analysis of current market trends and estimations from 2015 to 2023 that assist in identifying the prevailing market opportunities in the global aerospace foam market.
• In-depth coverage of the market includes drivers, restraints, and opportunities helps professionals to better understand the market behavior.
• Detailed study of the strategies of key leaders, such as partnerships and acquisitions, in the market is provided.
• Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
• Pinpoint analysis of geographical segments helps to identify opportunities for growth within the market.

KEY MARKET SEGMENTS:

By Type of Foam
• Polyurethane
• Polyethylene
• Ceramic
• Metal foams
• Others

By Application
• General Aviation
• Commercial Aircraft
• Military Aircraft

By Geography
• North America
o U.S.
o Mexico
o Canada
• Europe
o UK
o France
o Russia
o Germany
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Australia
o Taiwan
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

KEY PLAYERS PROFILED
• BASF SE
• Huntsman Corporation
• ARMACELL
• Boyd Corporation
• Evonik Industries
• Rogers Corporation
• SABIC Innovative Plastics
• General Plastics Manufacturing Company
• Zetofoams Plc
• ERG Materials

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