$10.91 Billion Aerospace Foam Markets - Global Opportunity Analysis and Industry Forecast to 2030 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Aerospace Foam Market by Type of Foam, by Application - Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

The Global Aerospace Foam Market was valued at USD 5.67 billion in 2019 and is anticipated to reach USD 10.91 billion by 2030, expanding at a CAGR of 6.03% during the forecast period, from 2020 to 2030.

Aerospace foam is a low density cellular structured material. Such foams are obtained by trapping pockets of gas in a liquid or solid medium. Aerospace foam finds wide application in the aviation industry due to its insulation, cushioning, and vibration damping characteristics. They are lightweight, rigid, and heat resistant. They can tolerate adverse climatic conditions at high altitudes. These foams are made from varying materials such as polyurethane, ceramic, polyethylene, and metal foam.

Market Dynamics and Trends

The global aerospace foam market is growing due to the increasing demand for foams in commercial aviation and military aviation sector. Also, rapid urbanization, rise in air travel, increase in low cost carriers, and growth in the demand for light-weight aircrafts are expected to boost market growth.

Stringent regulatory standards regarding the use of polyurethane foams, limited accessibility of raw materials and fluctuating prices are expected to hamper the aerospace foam market during the forecast period. Conversely, increasing government investments in military aviation, surge in R&D activities to develop advanced foams, and product launches by prominent market players are expected to create lucrative opportunities in the global aerospace foam market during the forecast period.

Market Segmentations and Scope of the Study:

The global aerospace foam market has been segmented on the basis of type of foam, application, and geography. Based on type, the market is segmented into polyurethane, polyethylene, ceramic, metal foam, and others. In terms of application, the market is segregated into general aviation, commercial aircraft, and military aircraft.

Geographical Analysis

North America is expected to dominate the global aerospace foam market. It is expected to hold major share in the market during the forecast period due to favourable government policies, increasing military expenditure, demand for next-gen technologies, advanced infrastructures, and the presence of leading aircraft manufactures in the region.

The market in Asia-Pacific is expected to grow at a rapid pace during the forecast period owing to rapid industrialization, increasing government initiatives in military aviation, easy access to raw materials, and availability of low-cost operators. Furthermore, growing demand for low-cost airlines and rising disposable incomes are expected to drive the commercial aviation industry, thus propelling the growth of the aerospace foam market.

Competitive Landscape

Major players in the global aerospace foam market are Huntsman Corporation, BASF SE, ARMACELL, Evonik Industries, Boyd Corporation, Rogers Corporation, General Plastics Manufacturing Company, SABIC Innovative Plastics, ERG Materials and Zetofoams Plc.

Key Topics Covered:

1. Introduction

1.1. Report Description

1.2. Research Methodology

1.2.1 Secondary Research

1.2.2 Data Analysis Framework

1.2.3 Market Size Estimation

1.2.4 Forecasting

1.2.5 Primary Research and Data Validation

2. Market Snapshot, 2019-2030 Million Usd

2.1. Market Snapshot

3. Porter's Five Force Model Analysis

4. Market Dynamics

4.1. Growth Drivers

4.2. Challenges

4.3. Opportunities

5. Global Aerospace Foam Market, by Foam

5.1. Overview

5.2. Polyurethane Foam

5.2.1 Polyurethane Foam Market, by Region

5.3. Polyethylene Foam

5.4. Ceramic Foam

5.5. Metal Foam

5.6. Others

6. Global Aerospace Foam Market, by Application

6.1. Overview

6.2. General Aviation

6.3. Commercial Aviation

6.4. Military Aircrafts

7. Global Aerospace Foam Market, by Region

8. Company Profiles

• Huntsman Corporation
• BASF SE
• ARMACELL
• Evonik Industries
• Boyd Corporation
• Rogers Corporation
• General Plastics Manufacturing Company
• SABIC Innovative Plastics
• ERG Materials
• Zetofoams Plc

For more information about this report visit https://www.researchandmarkets.com/r/dnpdts