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Aerospace foam is specially developed foam as per the aerospace industry standards. These foams are made of different materials to serve a variety of applications such as insulations, seating, refrigeration, fuel tanks, and other important aircraft components in the aerospace industry. Aerospace foams are lightweight with superior strength and properties which make it suitable for use in aircraft. Properties such as low flame, low heat release & smoke make it the most desirable material for the aerospace industry.
Light-weight aircraft is in need of an hour for the aerospace industry to increase fuel efficiency, to carry more load and sustainably in the developing markets. Fuel efficiency is the most important factor for any aircraft for profitable operations. Aerospace foams have major applications in the newly launched and upcoming aircraft to increase the light-weights and fuel efficiency to improve overall performance of the aircraft.
Key Market Driver -
Increasing demand for light-weight materials in aviation to propel the market growth over the forecast period.
Key Market Restraint -
Fluctuating raw material prices to restrain the growth in aerospace foam market.
Aerospace-grade foam properties vary greatly as compared to the conventional foams used in different applications. aerospace foams are relatively costlier and require extra processing to match the criteria for aerospace standards. For example, aerospace foams are required for aerospace application should be flame retardant, should produce low smoke & heat release and should meet various standards set for aerospace applications by the various aerospace standards.
On the basis of foam type, the aerospace foam market is segmented into polyurethane foam, polyethylene foam, metal foam, melamine foam, polyetherimide, polymethacrylimide, and others. On the basis of application, the aerospace foam market is segmented into commercial aviation, military & defense, and general aviation marine. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global aerospace foam market is fairly fragmented with a number of global players operating in the market. Some of the key players in the global aerospace foam market include-Polyformes Limited, General Plastics Manufacturing Company, Evonik Industries AG, BASF SE, Rogers Corporation, FoamPartner, ARMACELL LLC, ERG Aerospace Corp., Greiner Group, Boyd Corporation, UFP Technologies, Inc., Solvay SA, NCFI Polyurethanes and others.
On a geographical basis, the aerospace foam Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific is expected to dominate the growth of the global aerospace foam market over the forecast period on the back of China & India. China is the largest consumer of aerospace foam in the Asia-Pacific region due to high consumption in Military & defense as well as commercial aviation. India is expected to create lucrative growth opportunities for the aerospace foam market with the conversion of the MMRCA 2.0 deal which includes the manufacturing of more than 80% of the aircraft in India. North America is expected to witness moderate growth in the market over the short and mid-term forecast due to steady growth in the Aviation segment in the region.
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Europe is also expected to witness moderate growth over the forecast period owing to slow developments in commercial & military aviation segments. Moreover, the reassurance provided by the UK authorities, regarding the continuation of UK of being part of the European Aviation Safety Agency after the BREXIT deal, has sought the UK based manufacturers a relief. Mexico and Brazil drive Latin America’s aerospace foam industry with the prominent consumer being Brazil. The Middle East & Africa aerospace market is relatively small in size but the region is expected to witness high growth due to the positive outlook by the airplane manufacturers to open new bases in the region and its strategic location.
By Foam Type
By End-Use Industry
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