Aerospace Foams Market Industry | Top Key Players Updates, Business Growing Strategies, Competitive Dynamics
Market Synopsis According to MRFR analysis, Aerospace Foams Market Industry 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 industry 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 t