Market Insights

According to this report, 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.

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.

The methodology involves collecting and analyzing crucial data regarding products, and services offered in the market. This report assists the users to gain a better understanding of market developments and aids in business growth. This report is the result of a thorough analysis of customer spending habits, business target market, challenges, and competitors in the market.

Key players

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.

Segment Analysis

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.

The report will help you find answers to these questions -

What are the key trends in the Aerospace Foams Market?

How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?

What is the impact of COVID-19 on the Aerospace Foams Market?

What are the key strategies adopted by the major vendors to lead in the global Aerospace Foams Market?

What is the market share of the top vendors?

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