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Aerospace Foam Market By Product, Application, Region – Forecast to 2024: Global Market Insights, Inc. Aerospace Foam Market in North America is likely to showcase dominance over the coming years. Presence of established aerospace industry leaders including Airbus North America, Boeing, and Bombardier will primarily drive the regional growth. These manufacturers majorly use polyurethane foams to make aircraft interiors and exteriors owing to their easy availability, low price, and superior properties. Rising demand for new generation aircrafts will positively impact the consumption of aerospace foams, positively impacting the industry size over the next eight years. Rising focus towards retrofitting of aircraft interiors coupled with superior properties will primarily drive the industry growth. These foams offer enhanced performance in extreme temperatures, and considerable reduction in air leakage. Moreover, they provide superior temperature insulation performance and sound barrier. These benefits are likely to majorly influence various end-user industries such as commercial, military, and general aircrafts.

Fluctuation in raw material prices and limited availability of these materials are expected to hamper the industry growth over the next eight years. Stringent government regulations regarding curbing the harmful emissions from polyurethane foam production. For instance, U.S. National Emission Standards for Hazardous Air Pollutants (NESHAP) targets the air emissions from hazardous pollutants. These stringent regulations may further pose a challenge before aerospace foam market participants over the forecast timeframe. Continuous R&D activities and regular innovations has gained traction among the aerospace foam market participants. Development of flame and heat retardant foam is a technology that is quite prominent in the industry. These foams cater to the regulatory specifications and are lightweight than other counterparts, making them suitable for commercial aircrafts. They are specifically designed to fulfil the Federal Aviation Regulation (FAR) 25.853 for aircraft interior components.

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The industry is segmented based on materials into polyurethane, metal, polyethylene, and melamine foams. Polyurethane foam is anticipated to capture highest share in the aerospace foam market over the forecast timeframe. The high revenue generation can be attributed to extensive usage of these foams in developed countries of North America. This foam is highly versatile and is used across various applications including airframes, interiors, packaging, and seating in aerospace industry. It is available in different forms and range from low to high densities with varying rigidity which makes them compatible for usage in various aerospace applications. Ease of assembling, recyclability, durability, corrosion resistance, thermal & acoustic insulation, and light weight are other factors supporting the industry dominance till 2024. Regular technological advancements and R&D activities for development of costeffective solutions and processing has positively impacted the aerospace foam market share over the past years. Moreover, rising demand for low-cost carrier (LCC) airlines in developing countries across the globe has resulted in increased production of aircrafts. These airlines have proved beneficial and economical for allpurpose transportation mode, especially in developing countries of Asia Pacific and Latin America, owing to the rising per capita income across these regions. Rising demand for single-aisle aircrafts in these emerging regions will lead to increased production of aircrafts suited for LCC airline operators. The manufacturing process of new aircrafts require metal foams, polyurethane, and other foams. They are required for the manufacturing of aircraft interior and exteriors owing to their lightweight and superior properties including tensile strength, rigidity, and enhanced durability as compared to the normal metals. Growing military sector across the globe will further induce immense potential to the aerospace foam market size till 2024. Aerospace foam market is segmented based on end-users into commercial, military, and general aviation. General aviation is anticipated to dominate the industry over the forecast timeframe owing to extensive usage of these aircrafts by high net worth customers or for chartered flights for business trips. Rising number of these high net worth customers across the globe coupled with growing demand for business jets in MEA and Asia Pacific will contribute significantly to the revenue generation. Commercial aircrafts will grow rapidly owing to continuously rising air passenger traffic across the globe. This rising passenger traffic has resulted in increased aircraft deliveries, supporting the growth of aerospace foam market from commercial aircrafts. BASF, Armacell, Rogers, Evonik, and SABIC are among the prominent participants in the aerospace foam market. Other noticeable players include ERG Materials and Aerospace, Foam Partner, Boyd. The competitors are focusing on partnerships with 2|Page


raw material manufacturers to gain competitive edge. For instance, in March 2018, Armacell partnered with a German polyethylene foam and rubber manufacturer, W. KOPP GmbH. According to this partnership, Kopp will transfer its foam technology to Armacell, expanding its customer base and strengthen its position in the industry. About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com Blog: https://www.gminsights.com/blogs Connect with us: Facebook | Google+ | LinkedIn | Twitter

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Aerospace Foam Market: Global and Regional Vendor Landscape & Forecast To 2024  

More Information @ http://bit.ly/2Fl5uje Aerospace Foam industry is segmented based on materials into polyurethane, metal, polyethylene, an...

Aerospace Foam Market: Global and Regional Vendor Landscape & Forecast To 2024  

More Information @ http://bit.ly/2Fl5uje Aerospace Foam industry is segmented based on materials into polyurethane, metal, polyethylene, an...

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