Aerospace Foam Market Report 2022 | Share, Latest Trends and Global Industry Forecast to 2027

Aerospace Foam Market Overview:

According to the global aerospace foam market report by IMARC Group, the market reached a value of US$ 4.89 Billion in 2021, and it is projected to reach a value of US$ 7.38 Billion by 2027, exhibiting a CAGR of 6.40% during 2022-2027.

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Aerospace foams are cellular-structured materials used for packaging, insulating, vibration damping, and cushioning. They are produced as per aerospace industry standards to offer excellent rigidity, durability, heat resistance, tensile strength, and insulating properties. They are used in upholstery, truck seats, bedding, and unique inorganic plant substrates for wall gardens. They are also utilized in ceilings, walls, headrests, gaskets, seals, rotor blades, baggage sections, and separators between lavatories and class segments. As a result, aerospace foams find extensive applications in the construction, oil and gas, and manufacturing industries.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Aerospace Foam Market Trends and Drivers:

The global aerospace foam market is primarily driven by the rising volume of air traffic and the escalating demand for fuel-efficient and lightweight aircraft. Additionally, there has been a significant rise in investments in military aircraft and renewable feedstock by governments of numerous countries for manufacturing green aerospace foams.

In line with this, the increasing demand for customizable foams and flame retardants has catalyzed market growth. Besides this, the rising concerns regarding the contribution of the aerospace sector to global carbon emissions and stringent regulations are positively influencing the market growth. Furthermore, several key players are installing sensors in the seating systems to monitor temperature, mobile activation of passengers, and seat belt status.

Along with this, the introduction of enhanced headrest platforms integrated with noise canceling technology to provide a curve around the passengers' heads has propelled the market growth. Other factors, including the surging demand for low-cost carrier (LCC) aircraft, increasing air passengers, technological advancements, and rapid urbanization, are also anticipated to create a favorable market outlook.

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Global Aerospace Foam Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Aerofoam Industries LLC, BASF SE, Boyd Corporation, DuPont de Nemours Inc., Evonik Industries AG, General Plastics Manufacturing Company, Greiner AG, Huntsman International LLC, Pyrotek Inc., Recticel NV/SA, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Solvay S.A., UFP Technologies Inc. and Zotefoams Plc.

The report has segmented the market on the basis of region, type, application and end user.

Breakup by Type:
• Polyurethane
• Polyimide
• Metal Foams
• Melamine
• Polyethylene
• Others

Breakup by Application:
• Aircraft Seats
• Aircraft Floor Carpets
• Cabin Walls and Ceilings
• Flight Deck Pads
• Overhead Stow Bins
• Others

Breakup by End User:
• General Aviation
• Military Aircraft
• Commercial Aviation

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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