Aerospace Foams Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2032

Posted by Amruta Pritam on January 1st, 2024

The Aerospace Foams  Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Aerospace Foams  Global Market Report 2024, The aerospace foams market size has grown strongly in recent years. It will grow from .11 billion in 2023 to .51 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%.  The  growth in the historic period can be attributed to rise in defense budgets, aerospace industry growth, aircraft fleet modernization, safety regulations, .

The aerospace foams market size is expected to see strong growth in the next few years. It will grow to .42 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.  The growth in the forecast period can be attributed to  rising urban air mobility, rise in space tourism, demand for aircraft interior comfort, rising air traffic, rise in disposable income. Major trends in the forecast period include sustainable materials, use of 3d printing, advanced insulation, noise reduction materials, fire-resistant foams.

The increasing fleet size of commercial aircraft is significantly contributing to the growth of the aerospace foams market. The aircraft fleet is known as the number of airplanes operated by the respective airline. Increasing fleet size requires aerospace foams to be added to aircraft designs such as seats, cabin walls, ceilings, floor carpets, flight deck pads, and overhead stow bins, among others, thereby promoting the growth of aerospace foams used in the manufacturing of aircraft. For instance, according to Boeing, a US-based aerospace company’s commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 airplanes by 2040. Therefore, the increasing fleet size of commercial aircraft is driving the growth of the aerospace foams market.

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The aerospace foams market covered in this report is segmented –

1) By Product: Polyurethane, Polyimide, Metal Foams, Melamine, Polyethylene, Other Products

2) By Application: Aircraft Seats, Aircraft Floor Carpets, Cabin Walls and Ceilings, Flight Deck Pads, Overhead Stow Bins, Other Applications

3) By End-Use: General Aviation, Commercial Aviation, Military Aircraft

Product innovations are shaping the aerospace foams market. The major players in the market are developing innovative foam products for market growth. These are majorly utilized in the aircraft designs such as seats, cabin walls, ceilings, floor carpets, flight deck pads, and overhead stow bins, among others. For instance, in November 2021, SINOYQX, a China-based melamine foam manufacturer launched YQX Bonded foam, a rebounded or composite foam applicable for vibration-damping properties, acoustic insulating properties, and fire-resistance properties. It promotes sustainable development by reducing the waste of melamine foam and PU foam. It is produced using shredded flexible melamine foam or recycled PU foam. It provides more strength and durability than pure melamine foam.

The aerospace foams  market report table of contents includes:

1. Executive Summary

2. Aerospace Foams Market Characteristics

3. Aerospace Foams Market Trends And Strategies

4. Aerospace Foams Market - Macro Economic Scenario

5. Global Aerospace Foams Market Size and Growth

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31. Global Aerospace Foams Market Competitive Benchmarking

32. Global Aerospace Foams Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Aerospace Foams Market

34. Aerospace Foams Market Future Outlook and Potential Analysis

35. Appendix 

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