Global Aerospace Foams market overview 2024, Forecast To 2033
23 Jan, 2024
The aerospace foams market has shown robust growth, rising from $5.11 billion in 2023 to $5.51 billion in 2024 at a CAGR of 7.8%. Historical growth is associated with increased defense budgets, aerospace industry expansion, aircraft fleet modernization, and adherence to safety regulations. Noteworthy trends in the forecast period include sustainable materials, 3D printing utilization, advanced insulation, noise reduction materials, and fire-resistant foams. The market is anticipated to grow to $7.42 billion in 2028, with a CAGR of 7.7%, driven by factors such as rising urban air mobility, increased space tourism, demand for aircraft interior comfort, rising air traffic, and an increase in disposable income.
Global Aerospace Foams Market Key Driver
The aerospace foams market is expanding with the increasing fleet size of commercial aircraft. The expected global commercial fleet exceeding 49,000 airplanes by 2040 necessitates the incorporation of aerospace foams in various applications. These foams are crucial for aircraft manufacturing, including seats, cabin walls, and overhead stow bins. The growing fleet size is driving the growth of the aerospace foams market, as reflected in market size values for 2023, 2024, and 2028.
Get A Free Sample Of The Global Aerospace Foams Market ReportGlobal Aerospace Foams Market Segments
The global aerospace foams market covered in this report is segmented –
1) By Product: Polyurethane, Polyimide, Metal Foams, Melamine, Polyethylene, Other Products
2) By Application: Aircraft Seats, Aircraft Floor Carpets, Cabin Walls and Ceilings, Flight Deck Pads, Overhead Stow Bins, Other Applications
3) By End-Use: General Aviation, Commercial Aviation, Military Aircraft
By Geography: The regions covered in the Aerospace Foams market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the aerospace foams market in 2023. Asia-Pacificis expected to be the fastest-growing region in the aerospace foams market share during the forecast period. The regions covered in the aerospace foams market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Aerospace Foams Industry Players
Badische Anilin- und Sodafabrik, Evonik Industries AG, Boyd Corporation, Rogers Corporation, FoamPartner Group, Armacell International SA, Saudi Basic Industries Corporation, ERG Materials and Aerospace Corp, UFP Technologies Inc., Zotefoams plc, General Plastics Manufacturing Co, Solvay SA, Greiner AG, Pyrotek Inc., Technifab Inc., Reiner Aerospace Inc., 3A Composites India Pvt Ltd., Aerofoam Industries LLC, Diab Group, DuPont de Nemours Inc., Grand Rapids Foam Technologies, Recticel NV/SA, Huntsman Corporation, NCFI Polyurethanes, Neill Corporation, Sekisui Aerospace Corporation, FXI Holdings Inc., Covestro AG, BASF SE, Azelis Holding SA, Reichhold Holdings US Inc.
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Aerospace Foams Market Overview
Aerospace foams refer to cellularly structured low-density materials that are widely used in various aircraft components due to their excellent tensile strength, durability, rigidity, and lightweight properties. By using them to reduce fuel usage in the airplane, total infrastructure expenses can be decreased.
Aerospace Foams Global Market Report 2023 provides data on the global aerospace foams market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aerospace foams market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.