USD 5.4 billion
Global Aerospace Foam Market Size, Share, Growth Analysis, By Type(Polyurethane Foam, Polyethylene Foam), By Application(Flight Deck Pads, Carbon Walls & Ceilings), By End Use(General Aviation, Commercial Aviation) - Industry Forecast 2024-2031
Report ID:
SQMIG15G2038 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
97 |
Figures:
76
Global Aerospace Foam Market Insights
Aerospace Foam Market size was valued at USD 5.4 billion in 2021 and is poised to grow from USD 5.75 billion in 2022 to USD 9.52 billion by 2030, at a CAGR of 6.5% during the forecast period (2023-2030).
Fuel price increases have driven plane developers to reduce aircraft weight and carry more payload in a single flight. As a result, these businesses have used aerospace foam in a variety of aircraft applications, including flight deck pads, carbon walls and ceilings, aircraft seats, and aircraft flooring. Furthermore, rising need for aircraft in all end-uses, including air travel, business aviation, military planes, and rotary aircraft, has fueled demand in recent years.
In consequence, the use of aerospace foam in aircraft manufacturing has increased and is likely to increase further throughout the forecast period. The United States generated the most demand for aerospace foam in 2021, and this trend is expected to continue throughout the forecast period. The high product demand across the country is mostly driven by the aircraft industry's robust growth as a result of increasing interstate travel over the last decade as a result of greater disposable income. Because of the rising use of aerospace foam across the external fuel tanks, the United States military services have been a prominent industry for driving demand for aerospace foam throughout military aircraft.
For instance, in August 2022, aircraft producer Boeing effectively delivered four MH-139A test helicopters to the United States Air Force (USAF) to assist four key air force commands, as well as protection against intercontinental ballistic missiles and other operating agencies. Due to the global outbreak of the COVID-19 pandemic in 2020, the global airline industry experienced a major jolt as a result of multiple flight cancellations, airport shutdowns, and manufacturing units coming to a halt in order to contain the virus's spread, negatively impacting the industry's growth. However, due to a rising pace of recovery and accessibility of vaccines globally, airline operations were restarted, considerably reshaping product demand.
US Aerospace Foam Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Carbon Walls & Ceilings
Fastest Growth
Carbon Walls & Ceilings
Growth Rate
6.5% CAGR
Global Aerospace Foam Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Aerospace Foam Market By Application 2022-2030 ($ Bn)
Global Aerospace Foam Market By Product 2022-2030 (%)
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Global Aerospace Foam Market Segmental Analysis
The global aerospace foam market is segmented based on type, application, and region. Based on type, the market is classified into polyurethane foam, melamine foam, metal foam, polyethylene foam, polyimide foam, polyvinyl chloride foam, polyethylene terephthalate foam, specialty high performance foam. In terms of application, the market is segmented into flight deck pads, carbon walls & ceilings, aircraft seats, aircraft floor. With respect to classification by end-use, the market is segmented into general aviation, commercial aviation, military aircrafts, rotary aircrafts. Based on region, the global aerospace foam market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Global Aerospace Foam Market Analysis by Type
In terms of revenue and volume, the Polyurethane (PU) foam type segment dominated the global industry in 2022, accounting for more than 34.35% of the total. The segment is expected to expand at the fastest CAGR between 2023 and 2030. The large share can be attributed to the product's broad range of applications. PU foams are used to insulate airplanes, baggage compartments, ceilings and walls, as well as dividers between class segments and restrooms.
EPE foam has unrivaled dimensional stability and recovery properties, making it a suitable alternative to standard foams used in the aerospace industry. These foams are utilized across an aircraft's ceilings to reduce repetitive impacts by providing adequate cushioning. Because of its great insulation and dampening capabilities, PE foam is used across an aircraft's aisle, walls, and ceiling. PE foam has recently gained traction in the aerospace industry and is expected to grow substantially during the forecast period due to its capacity to maintain cabin temperature in the face of colder atmosphere temperatures during the flight duration, thereby preventing temperature exchange.
Global Aerospace Foam Market Analysis by Application
In 2022, the carbon walls and ceilings application category led the global industry, accounting for more than 26.45% of total revenue. The segment is expected to increase at the quickest rate, keeping its major market share during the projected period. This is due to the widespread use of aerospace foam, particularly PU foam, throughout the aircraft's chassis. As the aircraft's size encloses people and cargo, it must be sufficiently insulated to prevent any wind exchange between the aircraft and the outside atmosphere.
Global Aerospace Foam Market By Product 2022 (%), 2023 (%)
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Global Aerospace Foam Market Regional Insights
North America dominated the global sector in 2022, accounting for more than 37.85% of total revenue. The United States is a big contributor to the North America regional market because of an increase in demand for planes across the country over the last decade. Furthermore, the existence of major aircraft manufacturers in the US exacerbates the region's already strong competitive position. The region's highly competitive aircraft manufacturing business includes Lockheed Martin, Boeing, GE, Raytheon Technologies Corp., and Safran.
Europe has seen a rise in demand for aircraft as visitor footfall has increased across the continent in recent years. According to the General Aviation Manufacturers Association's (GAMA) General Aviation Shipment Report 2021, Europe recorded a total airplane shipment of 13.6%, equating to an expected cargo of 702 planes, compared to 618 planes sent in 2020. This has increased product demand throughout the region, and it is projected to keep growing during the forecast period.
Global Aerospace Foam Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Aerospace Foam Market Dynamics
Global Aerospace Foam Market Drivers
Lightweight Materials
- The demand for lightweight materials in the aerospace industry is driving the growth of the aerospace foam market. Aerospace foam is used in aircraft to reduce weight and improve fuel efficiency.
Increased Air Traffic
- The increasing air traffic around the world is leading to an increase in the demand for aircraft, which is driving the growth of the aerospace foam market.
Global Aerospace Foam Market Restraints
Environmental Concerns
- The production of aerospace foam involves the use of chemicals that can have a negative impact on the environment.
Cost of Production
- The production of aerospace foam requires specialized equipment and skilled labor, which can increase the cost of production.
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Global Aerospace Foam Market Competitive Landscape
The presence of multiple players characterizes the global industry. Key parties are actively involved in implementing strategies aimed at achieving sustainable transition, sales operation, and efficient pricing. Such businesses provide diverse capabilities and capacities, allowing them to meet a wide range of needs across numerous end-use industries.
Top Player’s Company Profiles in Global Aerospace Foam Market
- Armacell International S.A.
- BASF SE
- Evonik Industries AG
- Rogers Corporation
- SABIC
- Zotefoams plc
- FoamPartner Group
- The Dow Chemical Company
- UFP Technologies, Inc.
- ERG Materials and Aerospace Corp.
- Sekisui Chemical Co., Ltd.
- Recticel NV/SA
- General Plastics Manufacturing Company
- DuPont de Nemours, Inc.
- Huntsman Corporation
- Solvay SA
- Eurofoam Group
- Trelleborg AB
- Foam Supplies, Inc.
- Future Foam, Inc.
Global Aerospace Foam Market Recent Developments
- In March 2022, Evonik Industries AG announced the acquisition of a 51% stake in HK Wentworth Ltd., a UK-based manufacturer of thermal management materials for the aerospace industry. This acquisition will strengthen Evonik's position in the aerospace foam market.
- In April 2022, FoamPartner Group announced the launch of its new range of eco-friendly foam materials for aircraft interiors. These materials are made from renewable resources and are recyclable, making them more sustainable than traditional foam materials.
Global Aerospace Foam Key Market Trends
- Increasing demand for lightweight materials: The demand for lightweight materials in the aerospace industry is driving the growth of the aerospace foam market. Foam materials are used in aircraft to reduce weight and improve fuel efficiency, which is becoming increasingly important for airlines to reduce operational costs.
- Growing focus on sustainability: There is a growing focus on sustainability in the aerospace industry, with airlines and manufacturers looking for more eco-friendly materials. As a result, there is an increasing demand for bio-based and recycled foam materials that can help reduce the carbon footprint of the industry.
- Emergence of new foam materials: The development of new foam materials with improved properties is driving innovation in the aerospace foam market. For example, foam materials that can withstand extreme temperatures, resist fire, or absorb sound are increasingly in demand.
- Increasing adoption of advanced manufacturing techniques: Advanced manufacturing techniques such as additive manufacturing and automation are being increasingly adopted in the aerospace industry. These techniques can help improve production efficiency, reduce lead times, and enable the production of complex foam components.
- Growing demand for aircraft interiors: The demand for comfortable and luxurious aircraft interiors is increasing, which is driving the demand for foam materials that can provide better insulation, noise reduction, and comfort to passengers.
Global Aerospace Foam Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Aerospace Foam market is the Fuel price increases have driven plane developers to reduce aircraft weight and carry more payload in a single flight. As a result, these businesses have used aerospace foam in a variety of aircraft applications, including flight deck pads, carbon walls and ceilings, aircraft seats, and aircraft flooring. Furthermore, rising need for aircraft in all end-uses, including air travel, business aviation, military planes, and rotary aircraft, has fueled demand in recent years. The demand for comfortable and luxurious aircraft interiors is increasing, which is driving the demand for foam materials that can provide better insulation, noise reduction, and comfort to passengers.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.4 billion |
| Market size value in 2031 | USD 9.52 billion |
| Growth Rate | 6.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aerospace Foam Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aerospace Foam Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Aerospace Foam Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aerospace Foam Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aerospace Foam Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aerospace Foam Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Aerospace Foam Market Report Snapshots
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