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

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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).

The presence of multiple players characterizes the 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. '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.'

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.

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.

North America dominated the 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.

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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

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