Market Size of Aerospace Foams Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.69 Billion |
| Market Size (2029) | USD 7.85 Billion |
| CAGR (2024 - 2029) | 6.64 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aerospace Foams Market Analysis
The Aerospace Foams Market size is estimated at USD 5.69 billion in 2024, and is expected to reach USD 7.85 billion by 2029, growing at a CAGR of 6.64% during the forecast period (2024-2029).
- The market was negatively impacted by COVID-19 in the year 2020. As passenger demand was low because of the pandemic, the corresponding travel restrictions and the economic recession forced airlines to find ways to cut costs. Cost-cutting measures such as the cancellation or postponement of aircraft orders were carried out. However, traveling increased as soon as the restrictions were picked up in the years 2021 and 2022, and this has increased the demand for air freights.
- Over the short term, the major factor driving the market studied is the increasing demand for lightweight and fuel-efficient aircraft. The production of polyurethane (PU) foam is still highly petroleum-dependent, and this acts as a restraint for the market.
- Increasing trends toward bio-based polyurethane foam manufacturing may act as an opportunity for the market during the forecast period. North America is expected to dominate the market over the forecast period.
