The global aerospace foam industry was at valued $4,584 million in 2016, and is expected to reach $7,482 million by 2023, growing at a CAGR of 7.2% from 2017 to 2023. Aerospace foams are materials used for cushioning and insulation in aircraft. These materials have excellent properties, such as durability, tensile strength, and rigidness that make them a versatile material of choice for aerospace applications. Aerospace foams, such as polyurethane, polyethylene, ceramic foam, and metal foam provides superior insulation in varied temperature ranges and reduce air leakage.
Rise in demand for low-cost carrier airlines has increased the demand for aerospace foam in commercial aircraft, owing to its excellent lightweight and insulating properties and rapid urbanization has enhanced the demand for aerospace foam in the aircraft industry. The increase in governmental investment in military aircrafts is expected to boost the growth of aerospace foam by creating lucrative market growth potential.
In addition, the demand for polyurethane foam products for aircraft flight decks and interior cabins has increased, owing to their excellent absorption and cushioning formulations. This trend is expected to increase the scope of polyurethane foams in military & defense grade applications. However, availability of raw materials, low shelf life period, and government regulations are expected to hinder the market growth. Furthermore, increase in investments and growth in renewable material for manufacturing green polyurethane-based foam are expected to generate significant growth opportunities.
- BASF SE
- Huntsman Corporation
- Boyd Corporation
- Evonik Industries
- Rogers Corporation
- SABIC Innovative Plastics
- General Plastics Manufacturing Company
- Zetofoams Plc
Key Topics Covered:
CHAPTER 1. INTRODUCTION
CHAPTER 2. EXECUTIVE SUMMARY
CHAPTER 3. MARKET OVERVIEW
CHAPTER 4. GLOBAL AEROSPACE FOAM MARKET, BY TYPE
CHAPTER 5. GLOBAL AEROSPACE FOAM MARKET, BY APPLICATION
CHAPTER 6. GLOBAL AEROSPACE FOAM MARKET, BY GEOGRAPHY
CHAPTER 7. COMPANY PROFILE
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