Aerospace Foams Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Polyurethane, Polyimide, Metal Foams, Melamine, Polyethylene, Others), by Application (Commercial Aviation, Military Aviation, Business & General Aviation and Space Aviation) and Geography (Asia-Pacific, North America, South America, Europe, and Middle East & Africa)

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >6 %

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Market Overview

The market globally for Aerospace Foams is expected to register CAGR of greater than 6% during the forecast period. The major factor driving the market studied is the increasing demand for Light Weight and Fuel-Efficient Aircrafts.

  • Business and General aviation is the largest segment in the Aerospace Foams Market.
  • The production of Polyurethane (PU) Foams is still highly petroleum-dependent, so this industry must adapt to ever more strict regulations and rigorous consumers. This acts as a restraint to the market.

Scope of the Report

The Aerospace Foams market report include:

Metal Foams
Commercial Aviation
Military Aviation
Business & General Aviation
Space Aviation
Asia Pacific
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Growing business and general aviation sector

  • According to Boeing, the expected growth in air traffic by 2030 would require approximately 40,000 aircrafts, amounting to a value of almost USD 6 trillion.
  • Out of the total demand, it is expected that Asia Pacific region would require 40% of these aircrafts while Europe and North America would require another 40% combined. The remaining 20 percent of the aircrafts are expected to be delivered to the Middle East, Latin America, Russia & Central Asia, and Africa regions.
  • The traffic growth averaged 6.7% during the past five years as measured in Revenue Passenger Kilometers (RPKs), which is a major growth factor globally pushing the Aerospace market, which in turn would drive the Aerospace Foams market.
  • According to The World Tourism Organizations, there has been an increase of 6% in the number of tourists travelling in 2018. By the next decade, the number of tourists is estimated to be 700 million.
  • Thus, the Business and general aviation segment demands is expected to drive the production of aircrafts thereby it is estimated that the demands for Aerospace Foams Market would increase in the forecast period.
Top global Traffic Flow Share

North America to Dominate the Market

  • Presently, North America is the largest market for Aerospace Industry across the globe.
  • North America constitutes about 52% in the Aerospace Industry thus it is also expected to be the largest market for Aerospace Foams market. Asia Pacific has about 15% of market share in Aerospace Industry but is growing at the fastest rate.
  • Asia Pacific is expected to be the fastest growing market during the forecast period, with increasing demand for segments like Business and General Aviation in China, India, and the ASEAN countries.
  • Aerospace manufacturers in North America are expected to expand their operations on account of rising number of air passengers, and increasing military expenditure in the country in recent times. Some of the leading airline manufacturers such as Lockheed Martin, Airbus, Bombardier, and Boeing have been investing on new manufacturing and repair activities in the Untied States lately.
Aerospace Foams Market Regional Trends

Competitive Landscape

The Global Aerospace Foams market is partially consolidated with many healthy competitions in the market. The major companies include Aerofoam Industries, Armacell, BASF SE, Evonik Industries, SABIC, and Solvay, among others. 

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

      1. 4.1.1 Growing Demand for the Light Weight and Fuel Efficient Aircrafts

    2. 4.2 Market Restraints

      1. 4.2.1 Stringent Regulations Regarding the Use of PU Foams

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Polyurethane

      2. 5.1.2 Polyimide

      3. 5.1.3 Metal Foams

      4. 5.1.4 Melamine

      5. 5.1.5 Polyethylene

      6. 5.1.6 Others

    2. 5.2 Application

      1. 5.2.1 Commercial Aviation

      2. 5.2.2 Military Aviation

      3. 5.2.3 Business & General Aviation

      4. 5.2.4 Space Aviation

    3. 5.3 Geography

      1. 5.3.1 Asia Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. United Arab Emirates

        2. Saudi Arabia

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Aerofoam Industries

      2. 6.4.2 Armacell

      3. 6.4.3 BASF SE

      4. 6.4.4 Bodo Miller Chemie GmbH

      5. 6.4.5 Boyd Corporation

      6. 6.4.6 ERG Aerospace Corporation

      7. 6.4.7 Everchem Specialty Chemicals

      8. 6.4.8 Evonik Industries

      9. 6.4.9 General Plastics Manufacturing Company

      10. 6.4.10 Grand Rapids Foam Technologies

      11. 6.4.11 Huntsman Corporation

      12. 6.4.12 Rogers Corporation

      13. 6.4.13 SABIC

      14. 6.4.14 Solvay

      15. 6.4.15 Technifab Inc

      16. 6.4.16 UFP Technologies

      17. 6.4.17 Zetofoams Plc

    5. *List Not Exhaustive

    1. 7.1 Biobased PU Foams Manufacturing

**Subject to Availability

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Frequently Asked Questions

The Aerospace Foams Market market is studied from 2016 - 2026.

The Aerospace Foams Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Armacell, BASF SE, Evonik Industries, SABIC, Solvay are the major companies operating in Aerospace Foams Market.

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