Global Aerospace Foams Market is valued approximately USD 4.07 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 8.20 % over the forecast period 2019-2026. Aerospace foams are low density and structured materials such as vibration dampers and cushioning and offering properties like high durability, lightweight, high tensile strength and rotor blades. Further, increasing demand for low weight and fuel efficiency in aircrafts which extensively uses foams in several areas has led the adoption of Aerospace Foams across the forecast period. Also, steady growth of the aviation industry is expected to fuel the demand for Aerospace Foams. According to the General Aviation Manufacturers (GAMA) there were more than 440 thousand general aviation aircraft across the globe in 2018. As with the increasing air passengers traffic demands increase in the number of aircrafts and additionally their maintenance and replacements propelling a wide market for Aerospace foams during the forecast period.
The regional analysis of global Aerospace Foams market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the strong growth in the US aerospace industry specially the commercial aviation sector. Also, with the increasing demand for low cost airlines the market players are propelled to provide low cost airline services which drives the market for Aerospace cushioning. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing air passenger traffic would create lucrative growth prospects for the Aerospace Foams market across Asia-Pacific region. As Boeing estimated a requirement of over 4000 new airliners in the south east Asian region which has propelled various market players like Embraer, Honeywell and others to establish manufacturing bases in the region.
Major market player included in this report are:
BASF SE (Germany)
Evonik Industries AG (Germany)
Boyd Corporation (US)
Rogers Corporation (US)
FoamPartner (Switzerland)
Armacell International S.A. (Luxembourg)
SABIC (Saudi Arabia)
ERG Materials and Aerospace Corp (US)
UFP Technologies, Inc. (US)
Zotefoams Plc (UK)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
PU Foams
PE Foams
Melamine Foams
Metal Foams
PMI/Polyimide Foams
Others
By End-Use:
Commercial Aircraft
Military Aircraft
General Aviation
By Application:
Aircraft Seats
Aircraft Floor Carpets
Flight Deck Pads
Cabin Walls and Ceilings
Overhead Stow Bins
Others (Aircraft Prototypes, Galleys and Lavatories)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Aerospace Foams Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investor
Summary:
Get latest Market Research Reports on Aerospace Foams . Industry analysis & Market Report on Aerospace Foams is a syndicated market report, published as Global Aerospace Foams Market to reach at USD 7.61 billion by 2026. It is complete Research Study and Industry Analysis of Aerospace Foams market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.