Aerospace Foam Market 2021 | Trends, Growth Demand, Opportunities and Forecast to 2030

The Global Aerospace Foam Market size valued to USD 5.67 billion in 2019, is predicted to reach USD 10.91 billion by 2030, witnessing a CAGR of 6.03% from 2020-2030.

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Top Companies: Huntsman Corporation, BASF SE, Armacell, Boyd Corporation, Rogers Corporation, General Plastics Manufacturing Company, SABIC Innovative Plastics, ERG Materials and others.

Market Dynamics and Trends

The global aerospace foam market is proliferating owing to the ever-increasing demand in the commercial aviation, as well as the reinforcement of military aviation sector. Besides, factors such as rapid urbanization, amplifying demand for air travel, increase in low cost carriers, growing demands for light-weight aircrafts and fuel-efficient engines are expected to supplement the market growth.

However, factors such as stringent regulatory standards regarding the use of polyurethane foams, accessibility to raw materials and their fluctuating prices are expected to hamper the growth of the aerospace foam market during the forecast period.

Moreover, increasing governmental investments in military aviation, upsurge in R&D activities to manufacture advanced aerospace foams, as well as new product launches by prominent market players, are attributable to create lucrative opportunities in the global aerospace foam market in future.

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Market Segmentations and Scope of the Study:

The global aerospace foam market share analysis is based on type of foam, application, and geography.

Based on type of foam, the market is segmented into Polyurethane, Polyethylene, Ceramic, Metal foam, and others. Based on application, the market is divided into General Aviation, Commercial Aircraft, and Military Aircraft. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

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