Aerospace Foam Market by Type of Foam (Polyurethane, Polyethylene, Ceramic, Metal foam, and Others), by Application (General Aviation, Commercial Aircraft, and Military Aircraft)- Global Opportunity Analysis and Industry Forecast, 2022 – 2030

Market definition:

The global Aerospace Foam Market size valued to USD 6.07 billion in 2021, is predicted to reach USD 10.16 billion by 2030, witnessing a CAGR of 5.8% from 2022-2030.

Aerospace foam are cellular structured material with low density, obtained by trapping pockets of gas in a solid or liquid medium. They hold wide applications in the aviation industry, because of characteristics like insulation, cushioning, and dumping vibrations. These are light weight, rigid, heat resistant and high tensile strength materials, that can tolerate adverse climatic conditions even at higher altitudes. Different types of foams like polyurethane, polyethylene, ceramic, metal foam, and others, have a varied number of applications in the aviation industry.

Market Dynamics and Trends:

The global aerospace foam market is proliferating owing to the ever-increasing demand in the commercial aviation, as well as the reinforcement of military aviation sector. Besides, factors such as rapid urbanization, amplifying demand for air travel, increase in low cost carriers, growing demands for light-weight aircrafts and fuel-efficient engines are expected to supplement the market growth.

However, factors such as stringent regulatory standards regarding the use of polyurethane foams, accessibility to raw materials and their fluctuating prices are expected to hamper the growth of the aerospace foam market during the forecast period.

Moreover, increasing governmental investments in military aviation, upsurge in R&D activities to manufacture advanced aerospace foams, as well as new product launches by prominent market players, are attributable to create lucrative opportunities in the global aerospace foam market in future. 

Market Segmentations and Scope of the Study:

The global aerospace foam market share analysis is based on type of foam, application, and geography.

Based on type of foam, the market is segmented into Polyurethane, Polyethylene, Ceramic, Metal foam, and others. Based on application, the market is divided into General Aviation, Commercial Aircraft, and Military Aircraft. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America is expected to dominate the global aerospace foam market, holding the highest market share throughout the forecast period. Factors supplementing the market growth in this region include favorable government policies, increasing military expenditure, next-gen technologies, advanced infrastructures, and the presence of leading aircraft manufactures.

Asia Pacific is expected to show rapid growth with substantial increase in market share owing to rapid industrialization, increased government initiatives in military aviation, easy access to raw materials and availability of low-cost operators. Furthermore, growing demand of low-cost airlines and rise in disposable incomes are expected to fuel-up the commercial aviation industry, hence propelling the growth of aerospace foam market.

Competitive Landscape:

The aerospace foam market, which is highly competitive, consists of various market players. Some of the major market players are Huntsman Corporation, BASF SE, ARMACELL, Evonik Industries, Boyd Corporation, Rogers Corporation, General Plastics Manufacturing Company, SABIC Innovative Plastics, ERG Materials and Zetofoams Plc and others.

The past endeavors, present developments and futuristic advancements, sum-up to comprehend the overall market growth.

For instance, in October 2019, the very well-known General Plastics Manufacturing Company launched its two grades of aerospace core materials namely LAST-A-FOAM FR-3800 FST and RF-2200. Where FR-3800 FST being fire resistant; RF-2200 being dielectric and low density in nature.

Furthermore, in March 2020, one of the major players of the global aerospace foam market, Huntsman Corporation, announced its acquisition over CVC Thermoset Specialties; opting to build an advanced materials portfolio, henceforth making the products tougher, stronger, and more durable.

KEY BENEFITS:

• The aerospace foam market report provides a quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the aerospace foam market trend including current and future trends for depicting the prevalent investment pockets in the market.

• The report provides detailed information related to key drivers, restraints, opportunities and their impact on the aerospace foam market.

• The report incorporates a competitive analysis of the market players along with their market share in the global aerospace foam market.

• The study elaborates SWOT analysis and Porters Five Forces model for the aerospace foam market.

•  Value chain analysis in the aerospace foam market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Type of Foam

• Polyurethane

• Polyethylene

• Ceramic

• Metal Foam

• Others

By Application

• General Aviation

• Commercial Aircraft

• Military Aircraft

By Geography

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Spain

  • Italy

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION: