Press release
Key Driving Factors of Aerospace Foam Industry with its Market forecast and know in-depth information of Global Aerospace Foams Market which is expected to reach $ 7,342.7 million by the end of 2026
Aerospace Foams Market
According to a study, Global Aerospace foams market by Research Dive, the global aerospace foams market forecast size is expected to reach $ 7,342.7 million by the end of 2026, registering 8.0% CAGR over the forecast period. Economic growth, specifically in the developing economies across the world, along with rapid development is a key factor that is projected to drive the aircraft industry. Due to this global aerospace foams market is projected to grow over the forecast period. Additionally, the rising investments by governments for military aircraft is another key growth factor that is expected to drive the global aerospace foams market growth over the forecast period.
Click to know How Metal Foam segment is predicted to be most lucrative till the end of 2026 @ https://www.researchdive.com/download-sample/58
However, the cost of raw materials is expected to be the key factor hindering market growth during the forecast period.
2 Segmentation by Material of Global Aerospace foams market
o PU Foam
o PE Foam
o Metal Foam
o Melamine Foam
o PMI Foam
o Others
The Polyurethane foam segment held the largest market size in 2018, is projected to increase at a 7.6% CAGR over the projected period. Polyurethane (PU) Foam is available in a wide range of from high to low depending upon the rigidity. The PU foams are well suited with a multiple aerospace application such as airframes, seating, packaging and interiors in the aerospace industry. Moreover, the metal foam segment is expected to dominate the market over the projected period, at 9.2% CAGR. Metal foams segment is majorly driven due to the growing demand from aircraft manufacturers owing to the metal foams properties such as lightweight and high strength.
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The end-user segment in the aerospace foams market is categorized into commercial aircraft, military aircraft, helicopters, and spacecraft among others. Commercial aircrafts segment held a 48.0% market share in 2018, growing at a CAGR of 7.7% and is anticipated to continue its dominance over the forecast period accounting for $3,458.4 million in 2026. The growth is attributed to the increase in the number of air travelers worldwide.
3 Global Aerospace Foams Market Segmentation by End-use
o Commercial Aircraft
o Military Aircraft
o Helicopter
o Spacecraft
o Others
Check out How Europe region will have enormous opportunities for the market investors to grow over the coming years @ https://www.researchdive.com/connect-to-analyst/58
North America aerospace market size valued for the highest share in 2018 and is anticipated to continue its dominance over the projected timeframe in terms of revenue. The growth is owing to the existence of key participants in this region. Additionally, aviation industry growth, increase the number of passengers traveling by air, and rise in military expenditure are key factors driving the aerospace foams market in this region. Europe is further anticipated to grow at the highest CAGR of 8.7% over the forecast period.
Get Access to Full Report (TOC, Figures, Chart, etc.) @
https://www.researchdive.com/58/aerospace-foam-market
Aerospace foam market key players include UFP Technologies, SABIC, Erg Materials and Aerospace Corp, Evonik Industries AG, Rogers Corporation, Foampartner, Armacell International S.A., BASF SE, Boyd Corporation, Zotedfoams Plc, and others. Acquisitions and product development are of the major strategies that are being adopted by the key aerospace foam industry participants in order to hold their position in regional and global or markets.
4 Key Companies Profiled
o Evonik Industries AG
o Rogers Corporation
o Foampartner
o BASF SE
o Boyd Corporation
o Armacell International S.A.
o SABIC
o UFP Technologies
o Erg Materials and Aerospace Corp
o Zotedfoams Plc
In March 2018, Evonik Industries introduced a new foam in the product line of ROHACRYL. This foam is lightweight, thermally stable, eco-friendly and is easy to shape. This foam can be utilized in automotive, sports equipment, aerospace, and many others.
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About Us:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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