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The global market for aerospace foam was worth $5.8 billion in 2022 and is expected to increase to $9.59 billion by 2030, expanding at a CAGR of 7.5% between 2023 and 2030.
Developers of airplanes have responded to rising fuel costs by making them lighter so that they can transport more cargo in a single flight. Aerospace foam has been utilized by these companies for many different kinds of aircraft parts, including as flight deck pads, carbon walls and ceilings, aircraft seats, and aircraft flooring. In addition, the requirement for airplanes and helicopters has increased during the past few years for all possible applications. As a result, aerospace foam's application in aircraft production has grown and is expected to grow more throughout the outlook period. In 2021, demand for aerospace foam was highest in the United States, and this trend is anticipated to persist throughout the forecast period. A rise in interstate travel over the past decade, spurred by rising disposable income, is largely responsible for the increased product demand across the country. The United States military services have been a leading industry in propelling demand for aerospace foam across military aircraft due to the growing use of aerospace foam across external fuel tanks.
For instance, Boeing effectively delivered four MH-139A test helicopters to the United States Air Force (USAF) in August 2022.2 These helicopters would aid four critical USAF commands and provide security against intercontinental ballistic missiles and other operating agencies. In 2020, when the COVID-19 pandemic broke out around the world, it caused widespread disruptions in the airline industry as authorities canceled flights, closed airports, and shut down factories to stem the virus's spread. Airline services resumed, significantly altering product demand, as the speed of recovery accelerated and vaccines were more widely available around the world.
Market Segmentation of Aerospace Foam Worldwide
The Polyurethane (PU) foam type segment accounted for more than 34.35% of the global industry's revenue and volume in 2022. Between 2023 and 2030, this market category is projected to grow at the quickest CAGR. The versatility of the product is largely responsible for its considerable market share. Insulation panels, partitions, ceilings, walls, and even bathrooms in airplanes all employ PU foams for various purposes.
Due to its superior dimensional stability and recovery properties, EPE foam can be utilized as a substitute for more traditional foams in the aerospace industry. These foams are installed all over the ceiling of an airplane to provide sufficient padding and thereby decrease the effects of repeated collisions. PE foam is utilized in the ceiling, walls, and aisles of an airplane because of its excellent insulating and dampening properties. Due to its ability to keep cabin temperatures stable despite the flight duration's cooler atmospheric temperatures, PE foam has lately gained traction in the aerospace industry and is predicted to develop substantially throughout the forecast period.
Market Segmentation of Aerospace Foam Worldwide
More than 26.45 percent of global revenue was generated by the carbon walls and ceilings application category in 2022. The sector is anticipated to grow at the highest rate, maintaining its dominant market share during the forecast time frame. This is because PU foam, a type of aerospace foam, is used extensively in airplane construction. The size of the airplane means that it must enclose people and cargo, thus it must be well insulated against the wind.
Major Tendencies in the Market
Demand for lightweight materials, especially in the aircraft sector, is a key factor propelling the expansion of the aerospace foam market. In order to cut expenses, airlines increasingly use foam materials in airplanes to lighten the load and increase fuel economy. A rising number of aircraft companies, including airlines and manufacturers, are actively seeking out more sustainable options for their products. Therefore, the need for foam materials made from bio-based sources and recycled content, which can lessen the sector's carbon impact, is growing.
New foam materials with enhanced qualities are emerging, which is fueling innovation in the aerospace foam market. Foam materials that, for instance, are resistant to heat or fire or that can absorb sound are becoming more and more popular. Adoption of sophisticated manufacturing techniques is on the rise, especially in the aerospace sector, where methods like additive manufacturing and automation are finding widespread use. These methods have the potential to increase output, cut down on waiting times, and pave the way for the manufacture of complicated foam components. As more and more travelers look for first-class experiences on board, the demand for foam materials that can improve insulation, noise reduction, and passenger comfort is rising.
Report Coverage
Global Aerospace Foam research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aerospace Foam report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aerospace Foam competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aerospace Foam market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aerospace Foam market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aerospace Foam market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Armacell International S.A., BASF SE, Evonik Industries AG, Rogers Corporation, SABIC, Zotefoams plc, FoamPartner Group, The Dow Chemical Company, UFP Technologies, Inc., ERG Materials and Aerospace Corp., Sekisui Chemical Co., Ltd., Recticel NV/SA, General Plastics Manufacturing Company, DuPont de Nemours, Inc., Huntsman Corporation, Solvay SA, Eurofoam Group, Trelleborg AB, Foam Supplies, Inc., Future Foam, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aerospace Foam market based on the below-mentioned segments:
Global Aerospace Foam Market, By Type
Polyurethane Foam, Polyethylene Foam, Melamine Foam, Metal Foam, Polyimide Foam, Polyethylene Terephthalate Foam, Polyvinyl Chloride Foam, and Specialty High Performance Foam
Global Aerospace Foam market, By Application
Flight Deck Pads
Carbon Walls & Ceilings
Aircraft Seats
Aircraft Floor
Global Aerospace Foam Market, By End User
General Aviation
Commercial Aviation
Military Aircrafts
Rotary Aircrafts
Global Aerospace Foam market, Regional Analysis
Developers of airplanes have responded to rising fuel costs by making them lighter so that they can transport more cargo in a single flight. Aerospace foam has been utilized by these companies for many different kinds of aircraft parts, including as flight deck pads, carbon walls and ceilings, aircraft seats, and aircraft flooring. In addition, the requirement for airplanes and helicopters has increased during the past few years for all possible applications. As a result, aerospace foam's application in aircraft production has grown and is expected to grow more throughout the outlook period. In 2021, demand for aerospace foam was highest in the United States, and this trend is anticipated to persist throughout the forecast period. A rise in interstate travel over the past decade, spurred by rising disposable income, is largely responsible for the increased product demand across the country. The United States military services have been a leading industry in propelling demand for aerospace foam across military aircraft due to the growing use of aerospace foam across external fuel tanks.
For instance, Boeing effectively delivered four MH-139A test helicopters to the United States Air Force (USAF) in August 2022.2 These helicopters would aid four critical USAF commands and provide security against intercontinental ballistic missiles and other operating agencies. In 2020, when the COVID-19 pandemic broke out around the world, it caused widespread disruptions in the airline industry as authorities canceled flights, closed airports, and shut down factories to stem the virus's spread. Airline services resumed, significantly altering product demand, as the speed of recovery accelerated and vaccines were more widely available around the world.
Market Segmentation of Aerospace Foam Worldwide
The Polyurethane (PU) foam type segment accounted for more than 34.35% of the global industry's revenue and volume in 2022. Between 2023 and 2030, this market category is projected to grow at the quickest CAGR. The versatility of the product is largely responsible for its considerable market share. Insulation panels, partitions, ceilings, walls, and even bathrooms in airplanes all employ PU foams for various purposes.
Due to its superior dimensional stability and recovery properties, EPE foam can be utilized as a substitute for more traditional foams in the aerospace industry. These foams are installed all over the ceiling of an airplane to provide sufficient padding and thereby decrease the effects of repeated collisions. PE foam is utilized in the ceiling, walls, and aisles of an airplane because of its excellent insulating and dampening properties. Due to its ability to keep cabin temperatures stable despite the flight duration's cooler atmospheric temperatures, PE foam has lately gained traction in the aerospace industry and is predicted to develop substantially throughout the forecast period.
Market Segmentation of Aerospace Foam Worldwide
More than 26.45 percent of global revenue was generated by the carbon walls and ceilings application category in 2022. The sector is anticipated to grow at the highest rate, maintaining its dominant market share during the forecast time frame. This is because PU foam, a type of aerospace foam, is used extensively in airplane construction. The size of the airplane means that it must enclose people and cargo, thus it must be well insulated against the wind.
Major Tendencies in the Market
Demand for lightweight materials, especially in the aircraft sector, is a key factor propelling the expansion of the aerospace foam market. In order to cut expenses, airlines increasingly use foam materials in airplanes to lighten the load and increase fuel economy. A rising number of aircraft companies, including airlines and manufacturers, are actively seeking out more sustainable options for their products. Therefore, the need for foam materials made from bio-based sources and recycled content, which can lessen the sector's carbon impact, is growing.
New foam materials with enhanced qualities are emerging, which is fueling innovation in the aerospace foam market. Foam materials that, for instance, are resistant to heat or fire or that can absorb sound are becoming more and more popular. Adoption of sophisticated manufacturing techniques is on the rise, especially in the aerospace sector, where methods like additive manufacturing and automation are finding widespread use. These methods have the potential to increase output, cut down on waiting times, and pave the way for the manufacture of complicated foam components. As more and more travelers look for first-class experiences on board, the demand for foam materials that can improve insulation, noise reduction, and passenger comfort is rising.
Report Coverage
Global Aerospace Foam research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aerospace Foam report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aerospace Foam competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aerospace Foam market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Armacell International S.A., BASF SE, Evonik Industries AG, Rogers Corporation, SABIC, Zotefoams plc, FoamPartner Group, The Dow Chemical Company, UFP Technologies, Inc., ERG Materials and Aerospace Corp., Sekisui Chemical Co., Ltd., Recticel NV/SA, General Plastics Manufacturing Company, DuPont de Nemours, Inc., Huntsman Corporation, Solvay SA, Eurofoam Group, Trelleborg AB, Foam Supplies, Inc., Future Foam, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Aerospace Foam Market from 2021 to 2030.
- Market Forecast for Aerospace Foam Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Aerospace Foam competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Aerospace Foam
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aerospace Foam market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aerospace Foam market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Armacell International S.A., BASF SE, Evonik Industries AG, Rogers Corporation, SABIC, Zotefoams plc, FoamPartner Group, The Dow Chemical Company, UFP Technologies, Inc., ERG Materials and Aerospace Corp., Sekisui Chemical Co., Ltd., Recticel NV/SA, General Plastics Manufacturing Company, DuPont de Nemours, Inc., Huntsman Corporation, Solvay SA, Eurofoam Group, Trelleborg AB, Foam Supplies, Inc., Future Foam, Inc.
Primary Target Market
- Market Players of Aerospace Foam
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aerospace Foam market based on the below-mentioned segments:
Global Aerospace Foam Market, By Type
Polyurethane Foam, Polyethylene Foam, Melamine Foam, Metal Foam, Polyimide Foam, Polyethylene Terephthalate Foam, Polyvinyl Chloride Foam, and Specialty High Performance Foam
Global Aerospace Foam market, By Application
Flight Deck Pads
Carbon Walls & Ceilings
Aircraft Seats
Aircraft Floor
Global Aerospace Foam Market, By End User
General Aviation
Commercial Aviation
Military Aircrafts
Rotary Aircrafts
Global Aerospace Foam market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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