What is the global market size of Aerospace Foam Market?

Aerospace Foam Market size was valued at USD 5.4 billion in 2021 and is poised to grow from USD 5.75 billion in 2022 to USD 9.52 billion by 2030, at a CAGR of 6.5% during the forecast period (2023-2030).

What is the key driver of Global Aerospace Foam Market?

The demand for lightweight materials in the aerospace industry is driving the growth of the aerospace foam market. Aerospace foam is used in aircraft to reduce weight and improve fuel efficiency.

Aerospace Foam Market Size, Share, Growth Analysis, By Type(Polyurethane Foam, Polyethylene Foam, Melamine Foam, Metal Foam), By Application(Flight Deck Pads, Carbon Walls & Ceilings, Aircraft Seats, and Aircraft Floor), By End Use(General Aviation, Commercial Aviation, Military Aircrafts, and Rotary Aircrafts), By Region - Industry Forecast 2024-2031

Q: Which region accounted for the largest share in Global Aerospace Foam Market?

North America dominated the global sector in 2022, accounting for more than 37.85% of total revenue. The United States is a big contributor to the North America regional market because of an increase in demand for planes across the country over the last decade. Furthermore, the existence of major aircraft manufacturers in the US exacerbates the region's already strong competitive position. The region's highly competitive aircraft manufacturing business includes Lockheed Martin, Boeing, GE, Raytheon Technologies Corp., and Safran.

Report ID: SQMIG15G2038 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 97 | Figures: 76

Aerospace Foam Market Competitive Landscape

The presence of multiple players characterizes the global industry. Key parties are actively involved in implementing strategies aimed at achieving sustainable transition, sales operation, and efficient pricing. Such businesses provide diverse capabilities and capacities, allowing them to meet a wide range of needs across numerous end-use industries.

Top Player’s Company Profiles in Global Aerospace Foam Market

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.

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Who are the key vendors in the Aerospace Foam Market?

The presence of multiple players characterizes the industry. Key parties are actively involved in implementing strategies aimed at achieving sustainable transition, sales operation, and efficient pricing. Such businesses provide diverse capabilities and capacities, allowing them to meet a wide range of needs across numerous end-use industries. '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.'

What is the key market trend for Aerospace Foam Market?

Increasing demand for lightweight materials: The demand for lightweight materials in the aerospace industry is driving the growth of the aerospace foam market. Foam materials are used in aircraft to reduce weight and improve fuel efficiency, which is becoming increasingly important for airlines to reduce operational costs.

Which region accounted for the largest share in Aerospace Foam Market?

North America dominated the sector in 2022, accounting for more than 37.85% of total revenue. The United States is a big contributor to the North America regional market because of an increase in demand for planes across the country over the last decade. Furthermore, the existence of major aircraft manufacturers in the US exacerbates the region's already strong competitive position. The region's highly competitive aircraft manufacturing business includes Lockheed Martin, Boeing, GE, Raytheon Technologies Corp., and Safran.

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What is the market size of Aerospace Foam Market?

Who are the key vendors in the Aerospace Foam Market?

What is the key driver of Aerospace Foam Market?

What is the key market trend for Aerospace Foam Market?

Which region accounted for the largest share in Aerospace Foam Market?

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