Aerospace Foam Market Demand Is Expected To Reach $8.66 Billion By 2025 | Grand View Research, Inc

Aerospace Foam Market Demand Is Expected To Reach $8.66 Billion By 2025 | Grand View Research, Inc

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According to report published by Grand View Research, the global aerospace foam market size was valued at USD 5.38 billion in 2017 and is anticipated to progress at a CAGR of 6.1% from 2018 to 2025.

The global aerospace foam market size is expected to reach USD 8.66 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at CAGR of 6.1% over the forecast period. Aerospace is one of the most attractive destinations for polymer foam manufacturers. Strong demand for next-generation commercial aircraft owing to the growing passenger traffic, especially in Asia Pacific and Middle East and Africa, is expected to drive the demand for polymer foam.

According to the International Air Transport Association (IATA), the global passenger traffic is likely to grow at an annual compounded rate of 3.6% from 2016 to 2036 and reach 7.8 billion passengers by 2036. This is expected to result in higher production of commercial aircraft to meet the rise in passenger traffic.

Stringent regulations imposed by various government bodies to reduce CO2 emissions are driving growth of lightweight materials in aerospace applications. These regulations are forcing Original Equipment Manufacturers (OEMs) to seek alternatives to heavy metals to reduce the emissions and to increase fuel efficiency. This factor is anticipated to drive the demand for foam over the forecast period.

The aerospace and defense industry is increasingly making use of lightweight materials in an attempt to improve cost-efficiency and environmental performance of aircraft. Light-weight materials used in aircraft interiors, where fires are most likely to happen, must adhere to strict fire safety requirements certified for commercial airline structures.

For instance, the Federal Aviation Administration (FAA) has outlined safety requirements guidelines for flammability under FAR 25.856. Likewise, several aviation-based international governing authorities, such as the National Qualifications Authority (NQA), International Traffic in Arms Regulations (ITAR), and Aircraft Information Management Systems (AIMS) have framed safety requirements for airlines and aircraft structures.

Specialty high-performance materials are required to be used in the aerospace industry, where high strength and resistance is desirable. Polymethacrylimide foam, specialty high-performance material, is preferred in aviation applications on account of its rigidity, high compressive strength, and suitability to standard pre-preg production cycles.

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U.S. aerospace foam market size, by type, 2014 - 2025 (USD Billion)

Key Takeaways from the report:

  • Polyetherimide foam is estimated to be one of the fastest growing types of aerospace foam over the forecast period
  • Commercial aviation was the largest application segment in 2017 and accounted for over 46% of global market share in terms of revenue
  • Polyurethane foam is the largest polymer type segment which is forecasted to attain a market share of over 38% by 2025
  • Some of the key players operating in the aerospace foam market are Evonik Industries AG; BASF SE; SABIC; and DowDuPont Inc.

Global aerospace foam market share, by application, 2017 (%)

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Grand View Research has segmented the global aerospace foam market on the basis of basis of type, application and region:

Aerospace Foam Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • Polyurethane
  • Polyethylene
  • Melamine
  • Metal
  • Polyimide
  • PET
  • PVC
  • Specialty High Performance
    • Polymethacrylimide (PMI)
    • Polyetherimide (PEI)
    • Polyethersulfone (PES)
    • Polysulfone (PSU)
    • Polyphenylsulfone (PPSU)
    • PVDF

Aerospace Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • General Aviation
  • Commercial Aviation
  • Military Aircraft

Aerospace Foam Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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