Market Research Report
Aerospace Foams - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||939052|
|Published||Content info||170 Pages
Delivery time: 2-3 business days
|Aerospace Foams - Global Market Outlook (2018-2027)|
|Published: April 1, 2020||Content info: 170 Pages||
According to Stratistics MRC, the Global Aerospace Foams Market is accounted for $4.07 billion in 2018 and is expected to reach $9.75 billion by 2027 growing at a CAGR of 10.2% during the forecast period. Increasing demand for lightweight and fuel-efficient aircraft and growing number of passengers travelling by airways are the major factors propelling the market growth. However, stringent regulations regarding the usage of polyurethane (PU) foams is hampering the market growth.
Aerospace foams are comprised of cellular structured materials and have low density. They are generally utilized for either for cushioning, as insulating materials, for vibration damping or for packaging applications. In addition, properties such as excellent rigidness, tensile strength, lightweight, durable, and heat resistant have increased its demand in different aircraft applications, such as gaskets to seal, rooftops, headrests, and rotor blades.
Based on the end user, the commercial aircraft segment is going to have a lucrative growth during the forecast period due to increasing number of air passengers and surge in low-cost operators or low-cost carriers in the regions such as Asia Pacific, Middle East, and South America. By geography, North America is going to have a lucrative growth during the forecast period owing to development of the aviation industry, increasing number of air passengers, and growing military expenditure.
Some of the key players profiled in the Aerospace Foams Market include Dupont De Nemours Inc, BASF SE, General Plastics Manufacturing Company, Evonik Industries AG, Foampartner, Solvay SA, Rogers Corporation, Boyd Corporation, Zotefoams Plc, Erg Materials and Aerospace Corp, Armacell International S.A., Greiner AG, Aerofoam Industries LLC, Pyrotek Inc, UFP Technologies Inc and SABIC.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.