San Francisco, 07 February, 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 Full Research
Report On Aerospace Foam Market Analysis:
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
o
Polymethacrylimide (PMI)
o
Polyetherimide (PEI)
o
Polyethersulfone (PES)
o
Polysulfone (PSU)
o
Polyphenylsulfone (PPSU)
o
PVDF
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
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
Russia
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
Access Full
Press Release of this Report: www.grandviewresearch.com/industry/plastics-polymers-and-resins
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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