Aerospace Foam Market - Global Opportunity Analysis and Industry Forecast, 2015-2023
LONDON, May 10, 2017 /PRNewswire/ -- Aerospace Foam Market by Type of Foam (Polyurethane, Polyethylene, Ceramic, Metal, and Others) and Application (General Aviation, Commercial Aircraft, and Military Aircraft) - Global Opportunity Analysis and Industry Forecast, 2015-2023
Download the full report: https://www.reportbuyer.com/product/4883722/
The global aerospace foam industry was at valued $4,584 million in 2016, and is expected to reach $7,482 million by 2023, growing at a CAGR of 7.2% from 2017 to 2023.
Aerospace foams are materials used for cushioning and insulation in aircraft. These materials have excellent properties, such as durability, tensile strength, and rigidness that make them a versatile material of choice for aerospace applications. Aerospace foams, such as polyurethane, polyethylene, ceramic foam, and metal foam provides superior insulation in varied temperature ranges and reduce air leakage.
Rise in demand for low-cost carrier airlines has increased the demand for aerospace foam in commercial aircraft, owing to its excellent lightweight and insulating properties and rapid urbanization has enhanced the demand for aerospace foam in the aircraft industry. The increase in governmental investment in military aircrafts is expected to boost the growth of aerospace foam by creating lucrative market growth potential. In addition, the demand for polyurethane foam products for aircraft flight decks and interior cabins has increased, owing to their excellent absorption and cushioning formulations.
This trend is expected to increase the scope of polyurethane foams in military & defense grade applications. However, availability of raw materials, low shelf life period, and government regulations are expected to hinder the market growth. Furthermore, increase in investments and growth in renewable material for manufacturing green polyurethane-based foam are expected to generate significant growth opportunities.
North America is the major market for aerospace foams, owing to the presence of leading aviation & aircraft manufacturers followed by Asia-Pacific. Rapid industrial expansion and availability of raw materials are expected to boost the demand for aerospace foam in emerging economies of Asia-Pacific, such as China and India.
The report on the global aerospace foam is segmented into type of foam, application, and geography. Based on type, it is classified into polyurethane, polyethylene, ceramic, metal, and others. Based on application, it is categorized into general aviation, commercial aircraft, and military aircraft. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top market players in the global aerospace market include
BASF SE
Huntsman Corporation
ARMACELL
Boyd Corporation
Evonik Industries
Rogers Corporation
SABIC Innovative Plastics
General Plastics Manufacturing Company
Zetofoams Plc
ERG Materials
KEY BENEFITS FOR STAKEHOLDERS
This report entails the detailed quantitative analysis of current market trends and estimations from 2015 to 2023 that assist in identifying the prevailing market opportunities in the global aerospace foam market.
In-depth coverage of the market includes drivers, restraints, and opportunities helps professionals to better understand the market behavior.
Detailed study of the strategies of key leaders, such as partnerships and acquisitions, in the market is provided.
Porter's Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
Pinpoint analysis of geographical segments helps to identify opportunities for growth within the market.
Key Market Segmentation
By Type of Foam
Polyurethane
Polyethylene
Ceramic
Metal foams
Others
By Application
General Aviation
Commercial Aircraft
Military Aircraft
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Download the full report: https://www.reportbuyer.com/product/4883722/
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aerospace-foam-market---global-opportunity-analysis-and-industry-forecast-2015-2023-300455544.html
SOURCE ReportBuyer
