Market Research Report
Global Aerospace Foam Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||911006|
Delivery time: 2-3 business days
|Global Aerospace Foam Market 2019-2025|
|Published: August 2, 2019||Content info:||
Global Aerospace Foam Market Size, Share & Trends Analysis Report by Type (Flexible Foam and Rigid Foam), by Material Type (Polyurethane foam, Elastomeric Foam, Polyolefin Foam, Polyimide Foam, and Others), and by End-Users (Commercial Aircrafts, Military Aircrafts, and Spacecrafts), and Forecast, 2019 - 2025
Aerospace foams are referred to as low density, cellular structured materials that are used for vibration dampers, insulation, and cushioning. The force on dropping aircraft weight joined with the fast-technological progression to expand elevated performance yet at efficient cost polymer foams can additionally add to the ascending demand for these foams from the aerospace industry. The major drivers which drive the growth of the global aerospace foam market include an increase in the number of aircrafts delivery and the increasing demand for the aircraft. Moreover, an increase in the demand for eco-friendly foam and the growing demand for low-density foams further fuels the global aerospace foam market.
The global aerospace foam market can be segmented on the basis of foam type, material type, and end-users. On the basis of type, the global market is bifurcated into flexible foam and rigid foam. Based on material type, the market is segmented into polyurethane foam, elastomeric foam, polyolefin foam, polyimide foam, and others. Polyurethane foam has been considered as a versatile polymer, owing to the durability of the foam, high thermal resistant quality, and acoustic insulation property of the material. Based on end-users, the market is classified into commercial aircraft, military aircraft, and spacecraft.
The global aerospace foam market is further analyzed and segmented on the basis of regions into North America, Europe, Asia-Pacific, and Rest of the World. Among all the regions mentioned above North America is estimated to accounts to hold a considerable market share in the global aerospace foam market. This is due to the replacement of the aging fleet along with rapid expansion in the industrial sector. Moreover, Asia-Pacific is projected to propel with a significant growth rate in the global aerospace foam market during the forecast period. Increase in aircraft deliveries is one of the major factors propelling the growth of the market in Asia-Pacific region.
Key market players operating in the global aerospace foam market include BASF SE, Armacell International SA, Evonik Industries AG, ERG Aerospace Corp., General Plastics Manufacturing Co., Inc., Solvay SA, and UFP Technologies, Inc. In order to improve the customer base, the major players of the aerospace foam market are majorly looking towards several activities, such as merger and acquisition, and partnership and collaborations. For instance, in February 2018, Rogers Corp. signed a partnership agreement with XOnano Smartfoam, a US-based self-sensing foam material provider, to create 'smart' foams, the one that involves unique impact-absorption properties.
The market study of the global aerospace foam market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for aircraft parts manufacturers, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.