A report on the Aerospace Foams Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Aerospace Foams Market. The historic years considered for the study are 2017-2020, the base year is 2021, and the forecast period is 2022-2028.

Market Analysis

The aerospace foams market was estimated at USD 5.1 billion in 2021 and is likely to grow at a CAGR of 8.07% during 2022-2028 to reach USD 8.81 billion in 2028.

The Market is segmented by Material Type (PU Foams, PE Foams, Melamine Foams, Metal Foams, PMI/Polyimide Foams, and Others), by Aircraft Type (Commercial Aircraft, Military Aircraft, General Aviation, Regional Aircraft, and Helicopters), by Application Type (Aircraft Seats, Aircraft Floor Carpets, Flight Deck Pads, Overhead Stowage Bins, and Others), by End-User Type (OE, Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World),

This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on the Aerospace Foams Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.

Increasing demand for lightweight and fuel-efficient aircraft, along with the growing aviation industry across the globe, is driving the growth of the market. The manufacturing of advanced materials and new product launches by various prominent players in the aerospace industry is one of the major drivers underpinning the growth of the aerospace foams industry, globally. In addition, the favorable government policies in Brazil, along with the increase in the use of bio-based PU foams in North America and Europe, are likely to spur and diversify the aerospace foams market during the forecast period.

What are aerospace foams?

Aerospace foams are low-density cellular structured materials and are used for cushioning, vibration dampening, and insulation in aircraft. They have various properties such as durability, rigidity, heat resistance, and tensile strength.

Aerospace foams are made of different materials such as PU foams, PE foams, melamine foams, metal foams, PMI/polyimide foams, and others and are used in different applications such as seats, floor carpets, flight deck pads, and overhead stowage bins.

Key Segments Aerospace Foams Market Report Covers:

Based on the material type, the market is segmented as PU foams, PE foams, melamine foams, metal foams, PMI/polyimide foams, and others. The PE foams segment dominated the market in 2021 and is expected to remain dominant during the forecast period. Wide usage of PE-based aerospace foams in various applications of aircraft, such as seats and carpets is driving the growth of the segment.

Based on the aircraft type, the market is segmented as commercial aircraft, military aircraft, general aviation, regional aircraft, and helicopters. The commercial aircraft segment is expected to remain dominant during the forecast period owing to an increase in the number of air passengers worldwide and the growing aircraft industry.

In terms of regions, North America is estimated to be the largest market for aerospace foams during the forecast period, with The USA, Canada, and Mexico being the major countries offering lucrative growth opportunities. The North American market for aerospace foams is driven by the increasing number of passengers leading to the growth of the aviation industry, coupled with the increasing military expenditure. Europe and Asia-Pacific are also expected to offer considerable growth opportunities during the forecast period.

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Key players operating in the Aerospace Foams market are-

• Armacell International S.A.
• BASF SE
• Boyd Corporation
• Evonik Industries AG
• ERG Materials Aircraft Corp.
• FoamPartner
• Rogers Corporation
• SABIC
• UFP Technologies, Inc.
• Zotefoams PLC.

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