PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339066
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339066
The global aerospace foam market size is expected to reach USD 10,862.31 million by 2032, according to a new study by Polaris Market Research. The report "Aerospace Foam Market Share, Size, Trends, Industry Analysis Report, By Application (Flight Deck Pads, Carbon Walls & Ceilings, Aircraft Seats, Aircraft Floor, and Others); By Type; By End-Use; By Region; Segment Forecast, 2023- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The continuous need for flame retardant & customizable foams for a wide range of applications and growing penetration for lightweight and fuel-efficient aircraft, along with the rise in air traffic volume and airways traveling population worldwide, are major prominent factors influencing the market growth. Increasing investments in military aircraft & renewable feedstock for manufacturing green polyurethane foams and the growing development of sustainable foam products by leading players will also bode well for the market growth.
For instance, in November 2022, Foamplant introduced the world's first fully circular, sustainable open-cell foam called "Moorefoam." It is the first of its type product, enabling avionics manufacturers to make their products more sustainable and allow manufacturers to achieve 90% CO2 reductions.
In recent years, the aerospace industry is significantly requiring materials that can withstand extreme temperatures, particularly in high-temperature applications like engines and exhaust systems., which has propelled the need to develop high-temperature resistant foams to address the market with properties that enable them to withstand temperatures up to 1,000 degrees Celsius.
Additive manufacturing, which is also known as 3D printing, is increasingly being used to produce foam materials for numerous aerospace applications, as it allows the creation of complex shapes and structures that would be difficult or impossible to achieve using other traditional manufacturing methods and can also result in significant weight savings is gaining traction all over the world.
Carbon wall & ceilings segment accounted for largest market share in 2022, on account of its growing utilization in the chassis of aircraft and numerous applications
Polyurethane foam segment held the significant market revenue share in 2022, mainly due to its growing adoption across several insulation applications because of its excellent thermal insulation properties
Military aircrafts segment is anticipated to grow at a significant CAGR over the projected period, which is mainly driven high prevalence among companies to reduce the weight of aircrafts to improve efficiency and performance
North America region dominated the market with largest share in 2022, owing to presence of well-established and large manufacturers and growing technological advancements in aerospace sector in the region
The global key market players include: General Plastics Manufacturing, ERG Aerospace, Boyd Corporation, Evonik Industries, BASF, and Rogers Corporation
Polaris Market Research has segmented the aerospace foam market report based on application, type, end-use, and region: