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Aerospace Foam Market By Type, By Application: Global Opportunity Analysis and Industry Forecast, 2020-2030

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  • 216 Pages
  • April 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640529
Description Jump to:
The global aerospace foam market was valued at $5.3 billion in 2020, and is projected to reach $9.5 billion by 2030, growing at a CAGR of 6.11% from 2021 to 2030.

Aerospace foams are made from cellular structured materials having low density. They are used for cushioning, insulation, and vibration dampeners. In addition, properties like rigidness, durability, and warmth resistance increase its demand in numerous aircraft applications like rooftops and rotor blades. Increase in government initiatives in military aircraft surges the demand for aerospace foams.

Increase in air traveling rates, majorly in developing countries in Asia-Pacific and South America and surge in disposable income across the globe drive the expansion within the aircraft fleet across the globe. Increase in volumes of passengers and rise in retirement rates drive the requirement for 44,040 new jets, valued at $6.8 trillion, over the subsequent 20 years. In addition, in line with the Boeing Commercial Market Outlook 2020-39, around 8,810 new commercial aircraft deliveries are expected to be made in Europe from 2020 to 2039, which is able to increase the quantity of business aircraft within the region to 9,050, which, in turn, is anticipated to boost the demand for aerospace foams, thereby boosting the growth of the market.

Polymer material solutions offers various uses within the aerospace and aviation industries and top commercial aircraft manufacturers, including Boeing utilize them. The open-cell foam insulation and vibration isolation mounts are lightweight and fire-resistant, which improve passenger comfort, fuel efficiency, and installation costs, hence global commercial aircraft As the airline industry develops the demand for safe, lightweight, and comfortable seating materials increaes, which,inturn, propel the aerospace foam market during the forecast period..

Fluctuations in raw materials prices, availability of raw materials, and governmental regulations in polyurethane foams hamper the market growth. Increase in urbanization fuels the demand for aerospace foam in LAMEA regions. Moreover, rise in overseas export activities drives the demand for aerospace foam in commercial applications. Manufacturing of advanced materials and new product launches by several prominent players within the aerospace industry drive the growth of the aerospace foams industry across the globe.Favorable government regulations in Brazil, along with an increase in the usage of biobased polyurethane foams in North America and Europe drive the aerospace foams market.

The aerospace foam market is segmented on the basis of product type, application, and region.

Based on product type, it is segmented into polyurethane, polyethylene, ceramic, metal foam, and others. Depending on application, it is classified into general aviation, commercial, and military. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for largest market share of the total revenue in 2020, followed by Europe and Asia-Pacific. Increase in adoption of phase change materials products in the region boosts the growth of the aerospace foam market, due to the presence of huge population base and presence of many developing countries in this region.

The key players operating in the global aerospace foam market are BASF SE, Huntsman Corporation, Armacell, Boyd Corporation, Evonik Industries, SABIC, Rogers Corporation, Zetofoams Plc., General Plastics Manufacturing Company, and ERG Materials.

Other players in the value chain (not profiled in the report) include Aerospace Corporation, ERG Aerospace Corporation, Aerofoam Industries, Technifab Inc., Mueller, Everchem Specialty Chemicals, UFP Technologies, and Solvay are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the aerospace foam market in the forecast period.

COVID-19 Impact Analysis:


COVID-19 severely impacted the global economy with devastating effects on global trade, which simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies. The restrictions on international trade and lockdown regulations on the operations of the chemicals industry limit short term demand in the market. Reducing flight activity negatively impacted airline cash flow. As a result, most airlines decided to cancel or defer their aircraft orders. The commercial aircraft OEMs trimmed their production rates due to the fact that the pandemic decreased the demand for new jets. However, in commercial sector passenger traffic plummeted drastically in 2020 and 2021. The return of the Boeing 737MAX into service and the recovery in domestic demand helped the OEMs in obtaining more orders and increasing aircraft deliveries in 2021.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current aerospace foam market trends and estimations from 2021 to 2030, which assists to identify the prevailing opportunities.
  • An in-depth analysis of aerospace foam market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
  • Region-wise and country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global aerospace foam market.

Key Market Segments


By Type

  • Polyurethane Foam
  • Polyethylene Foam
  • Ceramic Foam
  • Metal Foam
  • Others

By Application

  • General Aviation
  • Commercial Aircraft
  • Military

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • BASF SE
  • HUNTSMAN CORPORATION
  • ARMACELL
  • BOYD CORPORATION
  • EVONIK INDUSTRIES
  • SABIC
  • ROGERS CORPORATION
  • ZETOFOAMS PLC
  • GENERAL PLASTICS MANUFACTURING COMPANY
  • ERG MATERIALS

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
CHAPTER 4: AEROSPACE FOAM MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Polyurethane Foam
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Polyethylene Foam
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Ceramic Foam
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Metal Foam
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: AEROSPACE FOAM MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 General Aviation
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Commercial Aircraft
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Military
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: AEROSPACE FOAM MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 U.K.
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.2 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Type
6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by Application
6.4.4.6 Rest Of Asia Pacific
6.4.4.6.1 Market size and forecast, by Type
6.4.4.6.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 BASF SE
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 HUNTSMAN CORPORATION
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 ARMACELL
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 BOYD CORPORATION
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 EVONIK INDUSTRIES
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 SABIC
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 ROGERS CORPORATION
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 ZETOFOAMS PLC
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 GENERAL PLASTICS MANUFACTURING COMPANY
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 ERG MATERIALS
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Aerospace Foam Market, by Type, 2020-2030, ($Million)
Table 2. Aerospace Foam Market Revenue, for Polyurethane Foam, by Region, 2020-2030, ($Million)
Table 3. Aerospace Foam Market Polyurethane Foam by Country, 2020-2030, ($Million)
Table 4. Aerospace Foam Market Revenue, for Polyethylene Foam, by Region, 2020-2030, ($Million)
Table 5. Aerospace Foam Market Polyethylene Foam by Country, 2020-2030, ($Million)
Table 6. Aerospace Foam Market Revenue, for Ceramic Foam, by Region, 2020-2030, ($Million)
Table 7. Aerospace Foam Market Ceramic Foam by Country, 2020-2030, ($Million)
Table 8. Aerospace Foam Market Revenue, for Metal Foam, by Region, 2020-2030, ($Million)
Table 9. Aerospace Foam Market Metal Foam by Country, 2020-2030, ($Million)
Table 10. Aerospace Foam Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 11. Aerospace Foam Market Others by Country, 2020-2030, ($Million)
Table 12. Global Aerospace Foam Market, by Application, 2020-2030, ($Million)
Table 13. Aerospace Foam Market Revenue, for General Aviation, by Region, 2020-2030, ($Million)
Table 14. Aerospace Foam Market General Aviation by Country, 2020-2030, ($Million)
Table 15. Aerospace Foam Market Revenue, for Commercial Aircraft, by Region, 2020-2030, ($Million)
Table 16. Aerospace Foam Market Commercial Aircraft by Country, 2020-2030, ($Million)
Table 17. Aerospace Foam Market Revenue, for Military, by Region, 2020-2030, ($Million)
Table 18. Aerospace Foam Market Military by Country, 2020-2030, ($Million)
Table 19. Aerospace Foam Market, by Region, 2020-2030, ($Million)
Table 20. North America Aerospace Foam Market, by Type, 2020-2030, ($Million)
Table 21. North America Aerospace Foam Market, by Application, 2020-2030, ($Million)
Table 22. North America Aerospace Foam Market, by Country, 2020-2030, ($Million)
Table 23. U.S. Aerospace Foam Market by Type 2020-2030, ($Million)
Table 24. U.S. Aerospace Foam Market by Application 2020-2030, ($Million)
Table 25. Canada Aerospace Foam Market by Type 2020-2030, ($Million)
Table 26. Canada Aerospace Foam Market by Application 2020-2030, ($Million)
Table 27. Mexico Aerospace Foam Market by Type 2020-2030, ($Million)
Table 28. Mexico Aerospace Foam Market by Application 2020-2030, ($Million)
Table 29. Europe Aerospace Foam Market, by Type, 2020-2030, ($Million)
Table 30. Europe Aerospace Foam Market, by Application, 2020-2030, ($Million)
Table 31. Europe Aerospace Foam Market, by Country, 2020-2030, ($Million)
Table 32. U.K. Aerospace Foam Market by Type 2020-2030, ($Million)
Table 33. U.K. Aerospace Foam Market by Application 2020-2030, ($Million)
Table 34. Germany Aerospace Foam Market by Type 2020-2030, ($Million)
Table 35. Germany Aerospace Foam Market by Application 2020-2030, ($Million)
Table 36. France Aerospace Foam Market by Type 2020-2030, ($Million)
Table 37. France Aerospace Foam Market by Application 2020-2030, ($Million)
Table 38. Spain Aerospace Foam Market by Type 2020-2030, ($Million)
Table 39. Spain Aerospace Foam Market by Application 2020-2030, ($Million)
Table 40. Italy Aerospace Foam Market by Type 2020-2030, ($Million)
Table 41. Italy Aerospace Foam Market by Application 2020-2030, ($Million)
Table 42. Rest of Europe Aerospace Foam Market by Type 2020-2030, ($Million)
Table 43. Rest of Europe Aerospace Foam Market by Application 2020-2030, ($Million)
Table 44. Asia-Pacific Aerospace Foam Market, by Type, 2020-2030, ($Million)
Table 45. Asia-Pacific Aerospace Foam Market, by Application, 2020-2030, ($Million)
Table 46. Asia-Pacific Aerospace Foam Market, by Country, 2020-2030, ($Million)
Table 47. China Aerospace Foam Market by Type 2020-2030, ($Million)
Table 48. China Aerospace Foam Market by Application 2020-2030, ($Million)
Table 49. Japan Aerospace Foam Market by Type 2020-2030, ($Million)
Table 50. Japan Aerospace Foam Market by Application 2020-2030, ($Million)
Table 51. India Aerospace Foam Market by Type 2020-2030, ($Million)
Table 52. India Aerospace Foam Market by Application 2020-2030, ($Million)
Table 53. South Korea Aerospace Foam Market by Type 2020-2030, ($Million)
Table 54. South Korea Aerospace Foam Market by Application 2020-2030, ($Million)
Table 55. Australia Aerospace Foam Market by Type 2020-2030, ($Million)
Table 56. Australia Aerospace Foam Market by Application 2020-2030, ($Million)
Table 57. Rest of Asia-Pacific Aerospace Foam Market by Type 2020-2030, ($Million)
Table 58. Rest of Asia-Pacific Aerospace Foam Market by Application 2020-2030, ($Million)
Table 59. LAMEA Aerospace Foam Market, by Type, 2020-2030, ($Million)
Table 60. LAMEA Aerospace Foam Market, by Application, 2020-2030, ($Million)
Table 61. LAMEA Aerospace Foam Market, by Country, 2020-2030, ($Million)
Table 62. Latin America Aerospace Foam Market by Type 2020-2030, ($Million)
Table 63. Latin America Aerospace Foam Market by Application 2020-2030, ($Million)
Table 64. Middle East Aerospace Foam Market by Type 2020-2030, ($Million)
Table 65. Middle East Aerospace Foam Market by Application 2020-2030, ($Million)
Table 66. Africa Aerospace Foam Market by Type 2020-2030, ($Million)
Table 67. Africa Aerospace Foam Market by Application 2020-2030, ($Million)
Table 68. Basf Se: Company Snapshot
Table 69. Basf Se: Operating Segments
Table 70. Basf Se: Product Portfolio
Table 71. Basf Se: Net Sales
Table 72. Basf Se: Key Stratergies
Table 73. Huntsman Corporation: Company Snapshot
Table 74. Huntsman Corporation: Operating Segments
Table 75. Huntsman Corporation: Product Portfolio
Table 76. Huntsman Corporation: Net Sales
Table 77. Huntsman Corporation: Key Stratergies
Table 78. Armacell: Company Snapshot
Table 79. Armacell: Operating Segments
Table 80. Armacell: Product Portfolio
Table 81. Armacell: Net Sales
Table 82. Armacell: Key Stratergies
Table 83. Boyd Corporation: Company Snapshot
Table 84. Boyd Corporation: Operating Segments
Table 85. Boyd Corporation: Product Portfolio
Table 86. Boyd Corporation: Net Sales
Table 87. Boyd Corporation: Key Stratergies
Table 88. Evonik Industries: Company Snapshot
Table 89. Evonik Industries: Operating Segments
Table 90. Evonik Industries: Product Portfolio
Table 91. Evonik Industries: Net Sales
Table 92. Evonik Industries: Key Stratergies
Table 93. Sabic: Company Snapshot
Table 94. Sabic: Operating Segments
Table 95. Sabic: Product Portfolio
Table 96. Sabic: Net Sales
Table 97. Sabic: Key Stratergies
Table 98. Rogers Corporation: Company Snapshot
Table 99. Rogers Corporation: Operating Segments
Table 100. Rogers Corporation: Product Portfolio
Table 101. Rogers Corporation: Net Sales
Table 102. Rogers Corporation: Key Stratergies
Table 103. Zetofoams plc: Company Snapshot
Table 104. Zetofoams plc: Operating Segments
Table 105. Zetofoams plc: Product Portfolio
Table 106. Zetofoams plc: Net Sales
Table 107. Zetofoams plc: Key Stratergies
Table 108. General Plastics Manufacturing Company: Company Snapshot
Table 109. General Plastics Manufacturing Company: Operating Segments
Table 110. General Plastics Manufacturing Company: Product Portfolio
Table 111. General Plastics Manufacturing Company: Net Sales
Table 112. General Plastics Manufacturing Company: Key Stratergies
Table 113. Erg Materials: Company Snapshot
Table 114. Erg Materials: Operating Segments
Table 115. Erg Materials: Product Portfolio
Table 116. Erg Materials: Net Sales
Table 117. Erg Materials: Key Stratergies
LIST OF FIGURES
Figure 1. Aerospace Foam Market Segmentation
Figure 2. Aerospace Foam Market, 2020-2030
Figure 3. Aerospace Foam Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Aerospace Foam Market:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Key Regulation Analysis
Figure 15. Aerospace Foam Market, by Type, 2020 (%)
Figure 16. Comparative Share Analysis of Polyurethane Foam Aerospace Foam Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Polyethylene Foam Aerospace Foam Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Ceramic Foam Aerospace Foam Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Metal Foam Aerospace Foam Market, 2020-2030 (%)
Figure 20. Comparative Share Analysis of Others Aerospace Foam Market, 2020-2030 (%)
Figure 21. Aerospace Foam Market, by Application, 2020 (%)
Figure 22. Comparative Share Analysis of General Aviation Aerospace Foam Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Commercial Aircraft Aerospace Foam Market, 2020-2030 (%)
Figure 24. Comparative Share Analysis of Military Aerospace Foam Market, 2020-2030 (%)
Figure 25. Aerospace Foam Market by Region, 2020
Figure 26. U.S. Aerospace Foam Market, 2020-2030 ($Million)
Figure 27. Canada Aerospace Foam Market, 2020-2030 ($Million)
Figure 28. Mexico Aerospace Foam Market, 2020-2030 ($Million)
Figure 29. U.K. Aerospace Foam Market, 2020-2030 ($Million)
Figure 30. Germany Aerospace Foam Market, 2020-2030 ($Million)
Figure 31. France Aerospace Foam Market, 2020-2030 ($Million)
Figure 32. Spain Aerospace Foam Market, 2020-2030 ($Million)
Figure 33. Italy Aerospace Foam Market, 2020-2030 ($Million)
Figure 34. Rest of Europe Aerospace Foam Market, 2020-2030 ($Million)
Figure 35. China Aerospace Foam Market, 2020-2030 ($Million)
Figure 36. Japan Aerospace Foam Market, 2020-2030 ($Million)
Figure 37. India Aerospace Foam Market, 2020-2030 ($Million)
Figure 38. South Korea Aerospace Foam Market, 2020-2030 ($Million)
Figure 39. Australia Aerospace Foam Market, 2020-2030 ($Million)
Figure 40. Rest of Asia-Pacific Aerospace Foam Market, 2020-2030 ($Million)
Figure 41. Latin America Aerospace Foam Market, 2020-2030 ($Million)
Figure 42. Middle East Aerospace Foam Market, 2020-2030 ($Million)
Figure 43. Africa Aerospace Foam Market, 2020-2030 ($Million)
Figure 44. Top Winning Strategies, by Year
Figure 45. Top Winning Strategies, by Development
Figure 46. Top Winning Strategies, by Company
Figure 47. Product Mapping of Top 10 Players
Figure 48. Competitive Dashboard
Figure 49. Competitive Heatmap of Top 10 Key Players
Figure 50. BASF SE.: Net Sales, ($Million)
Figure 51. Huntsman Corporation.: Net Sales, ($Million)
Figure 52. Armacell.: Net Sales, ($Million)
Figure 53. Boyd Corporation.: Net Sales, ($Million)
Figure 54. Evonik Industries.: Net Sales, ($Million)
Figure 55. Sabic.: Net Sales, ($Million)
Figure 56. Rogers Corporation.: Net Sales, ($Million)
Figure 57. Zetofoams PLC.: Net Sales, ($Million)
Figure 58. General Plastics Manufacturing Company.: Net Sales, ($Million)
Figure 59. Erg Materials.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Aerospace Foam Market,' the aerospace foam market was valued at $5.3 billion in 2020, and is estimated to reach $9.5 billion by 2030, growing at a CAGR of 6.11% from 2021 to 2030.

Aerospace foams are low-density and cellular structural materials used for damping, insulating, and vibrating dim. Furthermore, properties, including excellent stiffness, endurance, light, durability, and heat resistance increase their demand in numerous aircraft applications for instance, such as gaskets to seal, rooftops, headrests, and rotor blades. Different varieties of foams used in aerospace applications include polyethylene foams, polyurethane foams, metal foams, and ceramic foams.

Increase in demand for low-focus carrier aviation surged the demand for aerial spacecraft of business aircraft due to their excellent lightweight and insulation properties. In addition, urbanization improved the demand for aviation spacecraft within the aircraft industry. Rise in state investment in military plans to increase the air force in developed and developing countries is predicted to extend the market by creating advantageous growth potential. In addition, demand for polyurethane foam products for aircraft and indoor cabins increases, owing to its excellent absorption and cushioning formulations.

Rise in concerns regarding contribution of aerospace sector to the global carbon emission led the manufacturers and the other aviation key players to lower the carbon emissions through the employment of the newer standards, utilization of more sustainable materials, and the newer engineering design. Aerospace foams are one of the key materials, find increasing use in commercial aviation as an appropriate material to realize the above mentioned prospects. Aerospace foams are lightweight polymer foams used in the aircraft designs like seats, cabin walls, ceilings, floor carpets, landing deck pads, and overhead stow bins. It is used for commercial aviation and for passenger planes. Foams play a major role in bringing down the weight of the aircraft weight. Polyurethane foam segment dominates the aerospace foam market with a major market share in 2020. Polyurethane foams have strong heat resistance, intensity, and adaptability. Polyurethane foam can molded into different complex forms suitable for the complex technical configuration of the aircraft.

Material prices, availability of raw materials, and fluctuations in government regulations on polyfoam hamper the market growth. R&D of aerospace foam technology is expected to make profitable growth opportunities. Development of flame-retardant foams is expected to spur the expansion of the aerospace market by providing many growth opportunities.

The aerospace foam market is segmented on the basis of product type, application, and region.

Based on product type, the global aerospace foam market is segmented into polyurethane, polyethylene, ceramic, metal foam, and others. Depending on application, it is classified into general aviation, commercial, and military. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for largest market share of the total revenue in 2020, followed by Europe and Asia-Pacific. Increase in adoption of phase change materials products in the region boosts the aerospace foam market size, owing to the presence of huge population base and many developing countries in this region.

The key players operating in the global aerospace foam market are BASF SE, Huntsman Corporation, Armacell, Boyd Corporation, Evonik Industries, SABIC, Rogers Corporation, Zetofoams Plc., General Plastics Manufacturing Company, and ERG Materials.

Other players in the value chain (not profiled in the report) include Aerospace Corporation, ERG Aerospace Corporation, Aerofoam Industries, Technifab Inc., Mueller, Everchem Specialty Chemicals, UFP Technologies, and Solvay are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the aerospace foam market in the forecast period.

Key findings of the Study

  • By region, Asia-Pacific accounted for the largest market share in 2020.
  • By Type, polyurethane foam segment held the largest market share in 2020.
  • According to application, general aviation segment held the largest market share in 2020.

IMPACT OF COVID-19 ON THE GLOBAL AEROSPACE FOAM MARKET

  • Emergence of COVID-19 had less impact on growth of the global aerospace foam market.
  • This impact is mostly attributed to significant disruptions in the raw material transportation, unavailability of labor, and shutdown of many manufacturing industries.
  • Decrease in demand for many non-essential products and shut down of manufacturing industries negatively impacted the development of global aerospace foam market.

Companies Mentioned

  • BASF SE
  • HUNTSMAN CORPORATION
  • ARMACELL
  • BOYD CORPORATION
  • EVONIK INDUSTRIES
  • SABIC
  • ROGERS CORPORATION
  • ZETOFOAMS PLC
  • GENERAL PLASTICS MANUFACTURING COMPANY
  • ERG MATERIALS

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages216
PublishedApril 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 5.3 billion
Forecasted Market Value ( USD ) by 2030 $ 9.5 billion
Compound Annual Growth Rate6.0%
Regions CoveredGlobal
No. of Companies Mentioned10

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