Aerospace Foams Market Growth | Size, Share Trends, Future Growth, Emerging Trends, Qualitative Outlook, Forecast to 2027
Market Synopsis
According to MRFR analysis, Aerospace
Foams Market Growth was
valued at USD 5.42 Billion in 2018 and is projected to
register a CAGR of 6.8% during the forecast period, 2019–2025.
The growth in the number of passenger traffic due to
the rising per-capita income and emergence of low-cost airlines are fueling the
growth of the commercial aircraft segment, which in turn, is expected to
contribute to the growth of the global aerospace foams market in the coming
years.
Pricing and Regulatory Analysis
In 2018,
the aerospace foams were priced between USD 2.5 and USD 5 per square meter
across the globe.
Several aviation-based international governing
authorities such as the International Traffic in Arms Regulations (ITAR),
National Qualifications Authority (NQA), and Aircraft Information Management
Systems (AIMS) have framed safety requirements for airlines and aircraft
structures.
SEGMENTATION
By Type
- Polyurethane Foam:
The segment held the largest share of the global aerospace foams market in
2018 owing to its low cost and superior performance characteristics over
other types of foams such as closed-cell structure, high rigidity,
resistance to water and fire, and excellent durability. Polyurethane
foam is finding increasing demand in the manufacturing of aircraft seating,
floor covering, flight deck pads; passenger cabin walls; aircraft
ceilings; overhead stowage; interior aircraft class dividers; aircraft
galleys; and lavatories. It is also preferred in the manufacturing of
Boeing BMS 8-133.
- Polyethylene Foam:
Polyethylene foams also finds applications in aircraft manufacturing due
to its excellent thermal and chemical resistance properties.
- Melamine
Foam: Melamine foam is generally used for its excellent thermal and
acoustic insulation property in the interior sidewall panels of aircraft.
- Metal Foam: Metal
foams are largely preferred for military aircraft due to its excellent
mechanical strength on account of its configuration that includes hollow
metal spheres.
- Polyimide
Foam: Polyimide foams are extreme temperature resistant and
non-flammable, along with being light-weight and durable. This led to its
widespread use in F110 engines, F135 engines, B-2 engine, F-117 engine,
F-22 engine, missile structures, and fifth- & sixth-generation
engines.
- Others: The others
segment includes PET Foam, PVC Foam, Specialty High-Performance Foam,
Polymethacrylimide (PMI) Foam, Polyetherimide (PEI) Foam, Polyethersulfone
Foam (PES) Foam, Polyphenylsulfone (PPSU) Foam, and Polyvinylidene
Fluoride (PVDF) Foam
By Application
- Aircraft Seats: The
segment accounted for the largest share of the global market in 2018 and
is expected to continue the similar trend during the forecast period. The
growth in the number of passenger traffic across the world is boosting the
manufacturing of new commercial aircraft. Also, the growing safety
regulations and standards for aircraft seating are propelling the growth
of the segment.
- Interior Panel
Structures: The segment held the second-largest share of the global market
in 2018. Aerospace foams help in dampening the sound & vibration and
also in thermal & electrical insulation of the interior panel
structures.
- Floor Coverings: Aerospace
Foam help to meet mechanical performance requirements and the
stringent aviation regulatory standards in floor coverings
- Flight Deck Pads:
Flight deck pads are largely used for general aviation and military
aircraft applications.
- Electrical
Components: Foams play the role of preventing the electrical components
from entangling and keeping in place, while at the same time protecting
the electrical components from thunderstorms, and lightning shocks.
By End-Use
- Commercial Aircraft: The segment held the largest share of the global
aerospace foam market in 2018 and is expected to register the highest CAGR
during the forecast period. An increasing number of air passengers in the
developing countries of Asia-Pacific due to rising per-capita income and
the surge in low-cost carriers in the regions are propelling the growth of
the segment and thus boosting the growth of the global commercial aircraft
market.
- General Aviation: The segment held the second-largest share of the global
aerospace foams market in 2018. It includes two-seat training aircraft,
utility helicopters, intercontinental business jets. According to the
General Aviation Manufacturers Association (GAMA), there were more than
446,000 general aviation aircraft across the globe as of 2018, of which
over 211,000 aircraft were in the US and over 136,000 aircraft in Europe.
The fuselage, bulkheads, and wings of the general aircraft are made with
light-weight composites, manufactured using polymer foams.
- Military Aircraft: The rise in military expenditure is likely to drive the
demand for aerospace foams for military aircraft manufacturing in the
coming years. According to the Stockholm International Peace Research Institute
(SIPRI), the military expenditure across the globe rose to USD
1.822 trillion in 2018, representing an increase of 2.6% from 2017.
The five major countries in 2018 were the US, China, Saudi Arabia, India,
and France, which together accounted for around 60% of global military
spending. As per the report published by SIPRI, the military expenditure
in the US was USD 649 billion in 2018 and is projected to reach USD 799
billion by 2022. China’s military expenditure in 2018 was USD 250 billion,
and India’s military spending was USD 66.5 billion in2018.
By Region
- North America: The
expanding aerospace industry in the US due to increasing passenger traffic
and the presence of major aircraft manufacturers are driving the demand
for aerospace foam in the region.
- Europe: The
presence of leading airline manufacturers such as Airbus, AltiGator,
ArianeGroup, and United Aircraft Corporation,
among others in the region are contributing to the demand for aerospace
foams.
- Asia-Pacific: The
most opportunistic market, owing to rising per-capita income and emergence
of low-cost aircraft.
- Middle East & Africa: The
favorable geographic location is boosting the growth of the aerospace
industry, which in turn is expected to drive the demand for aerospace
foams.
- Latin America: The
region is expected to register positive growth in the coming years owing
to the growing aerospace industry.
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