About Aerospace Foams
Aerospace foams are specially formulated materials used in the construction of aircraft and spacecraft. Aerospace foams are significantly lighter than traditional materials such as metal, which can help to reduce the overall weight of an aircraft or spacecraft. This can lead to improved fuel efficiency and performance. Aerospace foams can provide excellent thermal and acoustic insulation. This can help to keep the cabin of an aircraft or spacecraft comfortable for passengers and crew, and can also help to protect sensitive equipment from extreme temperatures. the aerospace foams market is expected to benefit from the continued growth of the aviation industry and the focus on lightweight and fuel-efficient aircraft.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Aerospace Foams market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Evonik Industries AG (Germany), Boyd (United States), Rogers Corporation (United States), ARMACELL (Luxembourg), SABIC (Saudi Arabia), ERG Aerospace (United States), UFP Technologies, Inc. (United States), Zotefoams plc (United Kingdom) and General Plastics (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Solvay (Belgium), Greiner (Austria), Pyrotek (United States), Recticel (Belgium) and NCFI Polyurethanes (United States).
Segmentation Overview
AMA Research has segmented the market of Global Aerospace Foams market by Type (Metal, Polyurethane, Polyimide, Polyethylene and Others), Application (Interior Panel Structure, Floor Coverings, Aircraft Seats and Others) and Region.
On the basis of geography, the market of Aerospace Foams has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Military Aircraft will boost the Aerospace Foams market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Bio-Based and Sustainable Aerospace Foams
Market Growth Drivers:
Increasing Demand for Lightweight and Fuel-Efficient Aircraft and Growth of the Aviation Industry
Challenges:
Competition from Alternative Materials
Restraints:
Fluctuations in Raw Material Prices
Opportunities:
Development of New and Advanced Aerospace Foams and Rising Government Investments in Military Aircraft
Market Leaders and their expansionary development strategies
In June 2023, Solvay signed a long-term agreement with Zotefoams, the world's largest manufacturer of lightweight cross-linked polyolefin block foams, for the supply of Solef polyvinylidene fluoride (PVDF). This agreement focuses on the development of advanced cellular material solutions for the aerospace industry, specifically targeting aircraft cabin interiors.
In October 2023, Zotefoams launched its Zotek F closed-cell crosslinked foams for aircraft interiors at NBAA-BACE 2023 in the Central Hall. Offering weight savings of up to 70 percent compared with traditional materials, Zotek F reduces carbon footprint without compromising comfort or performance.
Key Target Audience
Manufacturer, Government Bodies, Research Center, Suppliers & Distributors, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.