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, 2024- 2032
- Published Date:Jan-2024
- Pages: 116
- Format: PDF
- Report ID: PM3446
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global aerospace foam market was valued at USD 6,326.62 million in 2023 and is expected to grow at a CAGR of 6.2% during the forecast period. The growing prevalence of the adoption and installation of aerospace foams across several aircraft applications, including flight deck pads, aircraft floors, aircraft seats, and walls & ceilings, coupled with the rising fuel prices, have propelled aircraft manufacturers to reduce aircraft weight and also carry more loads in a single go, are major factors driving the demand and growth of the market. In addition, the surge in the focus and implementation by key market companies to develop more improved products with new characteristics to meet the surging need from the aerospace sectors will stimulate market growth significantly. For instance, in June 2022, Diab Group acquired the ULTEM foam production line from SABIC. It is a type of recyclable polyetherimide thermoplastic foam that will be used in aerospace applications.
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Moreover, the significant advancements in foam technology have led to the development of various new and improved foam materials with enhanced properties like fire resistance, sound insulation, and thermal insulation, which has further expanded the range of applications for aerospace foam in aircraft.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the aerospace foam market. The rapid spread of the deadly coronavirus across the globe has forced countries to take necessary actions like lockdowns and bans on mass movements, which directly impacted global air traffic and negatively influenced the growth of the aviation industry. The restrictions on international trade and the closure of many manufacturing facilities also severely impacted the market growth during the pandemic.
Industry Dynamics
Growth Drivers
Rising demand and growing adoption of various types of aerospace forms in numerous applications like rooftops and rotor blades in commercial aircraft and general aviation, along with the growing investments in the aerospace industry, are among the key factors driving the aerospace foam market growth. The product is gaining significant popularity worldwide because of its high tensile strength, durability, rigidness, and lightweight properties.
Furthermore, with the rapid surge in the demand and penetration for lightweight and fuel-efficient aircraft, along with the growing imposition of several stringent emission regulations by many governments and their plans to regulate the higher emission standards, the adoption and prevalence of these foam products are emerging drastically over the next coming years.
Report Segmentation
The market is primarily segmented based on application, type, end-use, and region.
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By Application |
By Type |
By End-Use |
By Region |
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Carbon walls & ceilings segment accounted for the largest market share in 2022
The carbon walls segment accounted for the largest market share in 2022 and will likely retain its market position throughout the anticipated period. The growth of the segment market can be highly attributed to its increasing usage across the chassis of the aircraft. With these foam products' wide range of applications and their growing adoption worldwide, the segment market growth is significantly growing worldwide.
The aircraft seats segment is projected to exhibit the fastest growth rate over the coming years, mainly due to the growing use of these aerospace foam in the manufacturing of aircraft seats due to its ability to provide high-impact absorption properties, better comfort in terms of seating, and help manufacturers to meet the objective of lightweight aircraft.
Polyurethane foam segment held the significant market revenue share in 2022
The polyurethane foam segment held a significant market share in terms of revenue in 2022 on account of its widespread utilization for numerous purposes, including insulation of aircraft, ceilings & walls, separators among class segments and lavatories, and baggage sections. Polyurethane foam has several excellent thermal insulation properties, making it ideal for aircraft insulation applications. It further helps maintain stable temperatures inside the aircraft cabin and protects sensitive equipment from extreme temperatures, propelling the segment market growth.
The polyethylene foam segment is likely to register a significant growth rate during the anticipated period, mainly because the manufacturer of the ceilings of the aircraft reduces repeated impacts by providing optimal cushioning. The product has also been gaining traction across the globe due to its beneficial properties to maintain cabin temperature in contrast to the colder atmospheric temperature.
Military aircrafts segment is expected to witness highest growth in 2022
The military aircraft segment is projected to grow at the highest CAGR in 2022, mainly driven by a continuous rise in the focus on adopting lightweight materials to reduce fuel consumption, increase payload capacity, and improve performance by military aircraft designers globally. In addition, military aircraft are widely used in extreme conditions such as high altitudes, rapid changes in temperature, and harsh weather conditions; since aerospace foam is highly durable and can withstand these conditions, it further boosts the demand for the product.
The commercial aviation segment led the industry market with a substantial market share in 2022 due to a significant rise in global air passenger traffic, forcing airlines to expand their fleets and order new aircraft. Moreover, the growing advancements and improvements in the aerospace industry, which improve the efficiency and performance of aircraft, are positively impacting market growth.
North America region dominated the global market in 2022
North America dominated the global market with maximum revenue share in 2022, which is highly attributable to the presence of various large aircraft manufacturers, the surging number of air passengers, and the growing military expenditure mainly in developed countries like the US and Canada. The aerospace industry in the region is witnessing significant technological advancements in foam materials, such as the development of fire-resistant and self-extinguishing foams widely used in aircraft interiors, which are also expected to impact the market growth positively.
APAC is expected to be the fastest-growing region with a healthy CAGR during the projected period, owing to the availability of several government-favorable initiatives and rapidly increasing investments towards the development of the aerospace sector, especially in various emerging economies, including China, India, and Malaysia. The APAC region is also investing heavily in space exploration, which will likely fuel the demand for aerospace foam.
Competitive Insight
Some of the major players operating in the global market include Evonik Industries, BASF, General Plastics Manufacturing, UFP Technologies, NCFI Polyurethanes, DuPont, Rogers Corporation, ARMACELL, ZOTEFOAMS, ERG Aerospace, SABIC, Boyd Corporation, Recticel, Huntsman Corporation, Aerofoam Industries, Technifab, and Greiner Foam.
Recent Developments
- In August 2022, Zotefoams announced the launch of its Ecozote Sustainability foams. The product is made with low-density polyethylene grades that incorporate 30% post-industrial waste, which complies with the emerging requirements for recycled content in a wide range of product protection applications.
- In March 2022, Armacell introduced its low-density insulating foam based on 100 percent recycled PET, with better life-cycle costs & carbon footprint. The newly developed product is reported to be the 1st polymeric insulation that combines an enhanced environment profile with several stringent building construction requirements.
Aerospace Foam Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 6,708.11 million |
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Revenue forecast in 2032 |
USD 10,862.31 million |
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CAGR |
6.2% from 2024– 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024– 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
By Application, By Type, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Evonik Industries AG, BASF SE, General Plastics Manufacturing Company, UFP Technologies Inc., NCFI Polyurethanes, DuPont, Rogers Corporation, ARMACELL, ZOTEFOAMS PLC, ERG Aerospace Corporation, SABIC, Boyd Corporation, Recticel SA, Huntsman Corporation, Aerofoam Industries LLC, Technifab Inc., and Greiner Foam International GmbH. |
FAQ's
key companies in aerospace foam market are Evonik Industries, BASF, General Plastics Manufacturing, UFP Technologies, NCFI Polyurethanes, DuPont, Rogers Corporation, ARMACELL, ZOTEFOAMS.
The global aerospace foam market is expected to grow at a CAGR of 6.2% during the forecast period.
The aerospace foam market report covering key segments are application, type, end-use, and region.
key driving factors in aerospace foam market are surge in the demand and penetration for lightweight and fuel-efficient aircraft.
The global aerospace foam market size is expected to reach USD 10,862.31 million by 2032.
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