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Aerospace Foam Market worth $5,246.44 Million by 2020
The report “Aerospace Foam Market by Material (Polyurethane Foams, Metal Foams, Polyethylene Foams, Melamine Foams And Others), by End-User Industry (General Aviation, Commercial Aircraft, Military Aircraft), and by Region - Global Trends & Forecasts to 2020” defines and segments the aerospace foam market with analysis and forecast of the market size.
Browse 71 market data tables and 52 figures spread through 124 pages and in-depth TOC on “Aerospace Foam Market by Material (Polyurethane Foams, Metal Foams, Polyethylene Foams, Melamine Foams And Others), by End-User Industry (General Aviation, Commercial Aircraft, Military Aircraft), and by Region - Global Trends & Forecasts to 2020"
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Aerospace foam: A projected value of $5,246.44 Million by 2020, signifying firm annualized growth of 7.74% between 2015 and 2020.
North-America – The biggest market of aerospace foams
The aerospace foams market in North-America is one of the biggest consumers across the globe which is expected to continue in the near future. It accounted for a share of more than 38.18% of the total market size in terms of volume in 2014, which was majorly contributed by the U.S. Developed and developing economies, favorable investment policies, and government initiatives to promote industrial growth are the driving factors of the market.
Polyurethane foam – The largest market for aerospace foams
Polyurethane foams are one of the largest markets by material type which is expected to continue in the near future. North America is the biggest market for polyurethane foams, which accounted for a share of more than 47.82% of the total market size in 2014. China is projected to be the fastest-growing market of polyurethane foam in the region.
The U.S. and China are at forefront of the aerospace foam market size in terms of volume, among other key markets such as Germany, France, Japan, U.K., and Russia. China is the key market in Asia-Pacific, accounting for more than half of the demand for aerospace foams, followed by Japan and South Korea where consumption is growing at a steady rate. Increase in the consumption of metal foam and polyethylene foam has been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region. Military aircraft is projected to be the fastest-growing segment by application between 2015 and 2020
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