Global Aerospace Foam Market

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 2025-2032


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

Aerospace Foam Market Insights

Aerospace Foam Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

Fuel price increases have driven plane developers to reduce aircraft weight and carry more payload in a single flight. As a result, these businesses have used aerospace foam in a variety of aircraft applications, including flight deck pads, carbon walls and ceilings, aircraft seats, and aircraft flooring. Furthermore, rising need for aircraft in all end-uses, including air travel, business aviation, military planes, and rotary aircraft, has fueled demand in recent years.

In consequence, the use of aerospace foam in aircraft manufacturing has increased and is likely to increase further throughout the forecast period. The United States generated the most demand for aerospace foam in 2021, and this trend is expected to continue throughout the forecast period. The high product demand across the country is mostly driven by the aircraft industry's robust growth as a result of increasing interstate travel over the last decade as a result of greater disposable income. Because of the rising use of aerospace foam across the external fuel tanks, the United States military services have been a prominent industry for driving demand for aerospace foam throughout military aircraft.

For instance, in August 2022, aircraft producer Boeing effectively delivered four MH-139A test helicopters to the United States Air Force (USAF) to assist four key air force commands, as well as protection against intercontinental ballistic missiles and other operating agencies. Due to the global outbreak of the COVID-19 pandemic in 2020, the global airline industry experienced a major jolt as a result of multiple flight cancellations, airport shutdowns, and manufacturing units coming to a halt in order to contain the virus's spread, negatively impacting the industry's growth. However, due to a rising pace of recovery and accessibility of vaccines globally, airline operations were restarted, considerably reshaping product demand.

US Aerospace Foam Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

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).

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.'

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.

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.

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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Global Aerospace Foam Market

Report ID: SQMIG15G2038

$5,300
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