Surging demand for lightweight and fuel-efficient aircraft, as well as the growing aviation industry across the globe, is fueling the growth of the market.
Adroit Market Research report on the global aerospace foams material market gives the industry a holistic view of the forecast period from 2020 to 2028, including factors such as market dynamics, constraints, opportunities, challenges and regulatory overview. From 2018 to 2028, the demand was evaluated, with a base year forecast for 2019 and a prediction for 2020 to 2028. The study covers the current market status and future characteristics, both at the global and national level. In addition, with Porter's analysis of five strengths, the study also assesses market rivalry and positions leading players on the basis of their product range, regional presence, strategic initiatives and overall sales.
For aerospace applications, polyurethane-based materials are highly suitable as they can withstand harsh conditions better than other materials. PU foam is often shown to be incredibly helpful in insulating airplanes from the inside, protecting the walls, roof, and baggage area. This material will prove to be extremely effective for military aircraft. For example, because PU gels well with liquids, it can be mixed with other liquids, which can make the material impregnable and sturdy. More significantly, it is inexpensive and therefore more commercially feasible than other advanced materials. In addition, aerospace foam materials have proven to be instrumental in spacecraft propulsion, especially PU foam. For example, for its outside fuel tanks, the National Aeronautics and Space Administration (NASA) has been deploying PU foam. This foam has allowed NASA to preserve optimum temperatures for fuel preservation and to inhibit air or moisture penetration. Thus, the increasing adoption of PU in aerospace production and operations will fuel the growth of this industry.
An important factor which is expected to boost the global aircraft market is economic growth, especially in developing regions of the world, coupled with rapid urbanization. In turn, this is expected to fuel the creation of the global aerospace foam industry. Moreover, an additional aspect projected to fuel the development of global demand for aerospace foams during the forecast period is increased government spending on defense aircraft. The introduction of low-cost airlines has led to a rise in passenger traffic, leading to a steady growth of global aircraft demand. This is anticipated to drive the rise in demand for aerospace foams during the projected period.
Key Segments of the Global Aerospace Foams Material Market
Material Overview, 2018-2028 (USD Million) (Kilo Tons)
- PU Foams
- PE Foams
- Melamine Foams
- Metal Foams
- PMI/Polyamide Foams
End-use Method, 2018-2028 (USD Million) (Kilo Tons)
- Commercial Aircraft
- Military Aircraft
- General Aviation
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South Americ