The latest research study “Aerospace Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global aerospace foam market size reached a value of US$ 4.89 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.38 Billion by 2027 exhibiting a CAGR of 6.40% during 2022-2027.
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.
Request a PDF Sample for more detailed market insights: https://www.imarcgroup.com/aerospace-foam-market/requestsample
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.
Aerospace Foam Market Report Scope
Report Coverage
Details
Market size value in 2021
US$ 4.89 Billion
Market forecast in 2027
US$ 7.38 Billion
Growth Rate
CAGR of 6.40% from 2022 to 2027
Base year for estimation
2021
Historical data
2016-2021
Forecast period
2022-2027
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.
Top Aerospace Foam Companies:
Aerofoam Industries LLC
BASF SE (ETR: BAS)
Boyd Corporation
DuPont de Nemours Inc. (NYSE: DD)
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.
Zotefoams Plc.
The report has segmented the market on the basis of region, type, application and end user.
Breakup by Type:
Breakup by Application:
Breakup by End User:
Breakup by Region:
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/aerospace-foam-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
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.
Browse More Industry Research Reports:
Global Nitrile Gloves Market Size, Share, Trends | Industry Forecast 2022-2027
Advanced Ceramics Market Size, Growth | Global Report 2022-2027
Global Industrial Films Market Size, Share, Industry Report and Forecast to 2022-2027
Global Bio-Based Polymer Market Size, Share, Analysis | Industry Trends 2022-2027
Global Spandex Fiber Market Share, Size, Industry Trends 2022-2027
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media ContactCompany Name: IMARC GroupContact Person: Elena AndersonEmail: Send EmailPhone: +1-631-791-1145Address:30 N Gould St Ste R City: SheridanState: WYCountry: United StatesWebsite: https://www.imarcgroup.com