San Francisco, 5 February 2019: The Report Aerospace Foam Market Size, Share & Trends Analysis Report By Type (Polyurethane,
Polyethylene, Melamine, Metal, Polyimide, PET, PVC, Specialty High
Performance), By Application, And Segment Forecasts, 2019 - 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.
Access Research Report of Aerospace Foam Market@ www.grandviewresearch.com/industry-analysis/aerospace-foam-market
Further key findings from the report suggest:
· 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.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
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
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Aerospace Foam Market@ www.grandviewresearch.com/press-release/global-aerospace-foam-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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