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Aerospace Foam Market size is estimated to be USD 5.67 billion in 2019 and is predicted to reach USD 10.91 billion by 2030 with a CAGR of 6.03% from 2020-2030.
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Aerospace Foam Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2030 Constant growth in aerospace industry with wide applications further supported by the growth in travel activities are key drivers for Global Aerospace Foam Market. Aerospace Foam Market is valued around USD 5.67 Billion in 2019 and expected to reach USD 10.91 Billion by 2030 with the CAGR of 6.03% over the forecast period. Aerospace Foam is specially structured materials used in aircrafts for different purposes such as cushioning, insulation, & others. These materials are light weight in nature with high tensile strength along with fire resistant properties to tolerate the extreme climatic conditions at high altitudes. These foams are made up of different materials which serve variety of application in the aerospace industry along with high efficiency. Global Aerospace Foam Market report is segmented on the basis of type of foam, application and by regional. Based upon type of foam, the aerospace foam market is fragmented into Polyurethane, Polyethylene, Ceramic, Metal foam, and others. On the basis of application, the market is categorized into General Aviation, Commercial Aircraft, and Military Aircraft. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others. The aerospace foams market is mainly driven by the constant growth in tourism industry along with airlines which in turn created demand for aircrafts. There has been constant growth in defense sector owing to the increased demand of fighter jets along with rising demand for low cost air lines are likely to fuel the market growth. In addition, technological advancements accompanied by developed infrastructure along with excellent properties have augmented the demand for aerospace foam. Moreover, growing investment on military aircraft from government as well as growth in research & development activities is likely to create ample opportunities in the market. However, stringent regulatory policies with regards to the use of PU foams can create restrain for the market growth in near future. Download sample copy of this report at https://www.nextmsc.com/aerospace-foam- market/request-sample The developed regions such as North America and Europe are expected to hold the major market share owing to the high government investments of defense aircrafts. Moreover, presence of developed infrastructure along with technological advancement followed by stringent environmental policies. Asia Pacific is expected to dominate the aerospace foam market in terms of growth rate owing to the fast growing aerospace industry along with low cost airlines. In addition, growing disposable income as well as surge in tourism industry
supported by the growth in international travel owing to the growth in business & trade activities is likely to promote the market growth. The major market players profiled in the aerospace foam market Huntsman Corporation, BASF SE, ARMACELL, Evonik Industries, Boyd Corporation, Rogers Corporation, General Plastics Manufacturing Company, SABIC Innovative Plastics, ERG Materials and Zetofoams Plc among others. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses. Contact US: Joseph Lawrence (Head - Client Engagement & Servicing) Joseph@nextmsc.com