PUBLISHER: Grand View Research | PRODUCT CODE: 1147488
PUBLISHER: Grand View Research | PRODUCT CODE: 1147488
The global aerospace foam market size is anticipated to reach USD 9.52 billion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 6.5% over the forecast period. Increasing demand for fuel-efficient aircraft, due to extensively increasing fuel prices, has propelled manufacturers to minimize aircraft weight. Hence, manufacturers have adopted the installation of aerospace foams in various aircraft applications, such as flight deck pads, carbon walls & ceilings, aircraft seats, and aircraft floors, which contribute to the formulation of lightweight aircraft. Aerospace foam, especially Polyurethane (PU)- and Polyethylene (PE)-based foams are primarily utilized across the aircraft for insulation purposes, avoiding any thermal and air pressure exchange between the aircraft and the other environment.
Furthermore, the requirement for comfortable and luxurious seating across the aircraft to provide a pleasant flight experience has increased product demand across the airline industry. This is anticipated to boost industry growth over the forecast period. North America is expected to benefit from a rapidly expanding airline industry across the U.S., where aerospace foams are mainly utilized in applications, such as sealants for flight deck pads, carbon walls & ceilings, aircraft seats, and aircraft floors. High consumer disposable income levels and luxurious standards as a preference for air travel are also anticipated to foster demand for a comfortable seating experience, leading to a rise in aerospace foam sales.