Press release
Aerospace Foam Market From Conversation to Insight Elevating Focus Group Research Outcomes
The global aerospace foam market is witnessing significant growth, driven by the rising demand for lightweight and fuel-efficient aircraft and ongoing advancements in the aviation sector. According to a report by Allied Market Research, the market was valued at $5.3 billion in 2020 and is projected to reach $9.5 billion by 2030, registering a CAGR of 6.11% from 2021 to 2030.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/1976
Market Dynamics:
The surge in demand for fuel-efficient aircraft and innovations within the aviation industry are key drivers fueling market growth. However, stringent regulations concerning the use of various foam types pose challenges, potentially hindering expansion. Despite these constraints, increased governmental investments in air force development across both developed and developing nations are anticipated to unlock lucrative opportunities within the industry.
Market Segmentation:
The report offers a comprehensive analysis based on type, application, and region.
By Type:
- The polyurethane foam segment dominated the market in 2020, accounting for over two-fifths of the total share.
- The 'others' segment is forecasted to grow at the fastest rate, with a CAGR of 7.54% throughout the forecast period.
By Application:
- The general aviation segment contributed nearly 90% of the total market revenue in 2020 and is expected to maintain its lead through 2030.
- The military segment is projected to exhibit the fastest growth, with a CAGR of 6.94% during the forecast period.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/aerospace-foam-market/purchase-options
By Region:
- North America held the largest market share in 2020, capturing nearly one-third of the global revenue.
- The Asia-Pacific region is poised to register the fastest growth, with a projected CAGR of 6.98% by 2030.
Key Market Players:
The report profiles prominent players in the aerospace foam market, including:
- Huntsman Corporation
- Armacell
- Boyd Corporation
- Evonik Industries
- BASF SE
- SABIC
- Zotefoams Plc.
- General Plastics Manufacturing Company
- Rogers Corporation
- ERG Materials
Contact:
David Correa
United States
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Corporation Trust Center,
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Int'l: +1-503-894-6022
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help@alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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