The global aerospace foam market size was significantly robust in 2020 and is expected to register a double-digit revenue CAGR over the forecast period. Major factors driving market revenue growth include rapid growth in global aviation industry, steady expansion of commercial and domestic aircraft fleets, coupled with growing demand for lightweight materials for different aerospace applications. Rapidly growing defense industry is another factor resulting in rising demand for materials that enable production of aircraft components that enable more fuel-efficiency are other factors expected to drive global aerospace foam market growth going ahead.
Get a sample of the report https://www.reportsanddata.com/sample-enquiry-form/3954 Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Aerospace Foam Market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
Key Companies in the market include: Armacell International Holding GmbH, BASF SE, Boyd Corporation, ERG Aerospace Corporation, Evonik Industries AG, NCFI Polyurethanes, Roger Corporation, Saudi Basic Industries Corporation Innovative Plastics, UFP Technologies, Inc., and Zotefoams Plc.
The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Aerospace Foam Market is expected to register robust revenue growth during the forecast period, 2021-2028. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
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Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Polyurethane Foams
- Polyethylene Foams
- Melamine Foams
- Metal Foams
- Polyetherimide Foams
- Polymethacrylimide Foams
End Use Outlook (Revenue, USD Billion; 2018 – 2028)
- Commercial Aviation
- Air Charter
- Air Taxi
- Commercial Business Aviation
- Military Defense Aircraft
- General Aviation
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Aircraft Seats
- Aircraft Floor Carpets
- Flight Deck Pads
- Cabin Walls, Ceilings
- Overhead Stow Bins
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Key questions covered in the global Aerospace Foam Market report:
- What is the expected market size of the global Aerospace Foam Market during the forecast period?
- What factors are expected to hamper global Aerospace Foam Market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Aerospace Foam Market?
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