The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, the halt in many end-use industries directly affected the chemical demand all around the world.
Aerospace Foam Market Overview
The global Aerospace Foam Market was worth $6.1 billion in 2021 and is expected to be worth $10.2 billion by 2030, increasing at a CAGR of 7.2% between 2023 and 2030.
Aerospace foam is specially developed foam as per the aerospace industry standard. The global aviation industry has set firm standards which have increased the demand for flame-retardant, flexible, and customizable foams. These foams are hugely used in cabin applications such as galleys, seating, lavatories, and overhead luggage bins. In addition, different uses of foam for blocking rays, and absorbing impact and radiation. This has become a key aspect positively affecting growth for the aerospace foams market.
Due to rising low-cost airliners which are driving up a total number of passengers each year. The rising number of passengers further needs to advance cabinet facilities like seating arrangements. Additionally, the new big front seats will insert additional memory foam, coloured stitching for attractive looks, and additional cushioning for front seats. Growing demand for better seating arrangements is expected to generate many new opportunities for the growth of the aerospace foams market in the forthcoming year.
On the other hand, the fluctuations in raw materials prices may hamper the growth of the market. Besides, the rise in governmental investment in military aircraft is expected to provide profitable opportunities for the global aerospace foams market in the near future.
Aerospace Foam Market Segment Overview
The polyurethane segment has significant growth in the market. The demand for polyurethane foam products for aircraft flight decks and interior cabins has increased, due to their excellent absorption and cushioning formulations. Furthermore, metal foams have excellent mechanical & thermal properties, which is expected to increase its application in military transport applications. In addition, progress in heat-retardant foams is expected to fuel the aerospace foam market growth by providing several growth opportunities.
Aerospace Foam Market Regional Overview
Based on region, the North American region is contributing a major share of the global aerospace foams market. The rise of several low-cost airliners, the large flight frequency, and the increasing demand for comfort are expected to drive the growth of the market in the region.
Aerospace Foam Market Competitor Overview
Ø November 2019, Due to increasing demand for lightweight construction materials for speciality applications, Evonik is expanding its production of ROHACELL® high-performance rigid, closed-cell foams at its Mobile, Alabama site in the United States.
Ø September 2018, BASF developed the world's first particle foam based on polyethersulfone. Prototypes with a unique combination of properties: lightweight, stiff and strong, high temperature resistant, intrinsically flame retardant. Suitable for complex-shaped components in cars, aeroplanes, and trains
Ø In 2018, the US Congress passed a nationwide regulation requiring airport trucks to use a different variety of fire-extinguishing foam. These foams known as C-8 or the C-6 variety type are widely used to smother aircraft fires.
Aerospace Foam Market, Key Players
· Honeywell International, Inc.
· EnerNOC, Inc.
· Eaton Corporation PLC.
· Landis+Gyr
· Itron, Inc.
· Schneider Electric
· General Electric
· Siemens AG Johnsons Control, Inc.
· ABB
· Comverge, Inc.
· Opower, Inc.
Aerospace Foam Market Segmentation
Aerospace Foam Market, By Type of Foam
· Polyurethane
· Polyethylene
· Ceramic
· Metal
· Others
Aerospace Foam Market, By Application
· General Aviation
· Commercial Aircraft
· Military Aircraft
Aerospace Foam Market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Aerospace Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type of Foam
- 5.2.1. Polyurethane
- 5.2.2. Polyethylene
- 5.2.3. Ceramic
- 5.2.4. Metal
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. General Aviation
- 5.3.2. Commercial Aircraft
- 5.3.3. Military Aircraft
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Latin America
- 5.4.3. Europe
- 5.4.4. Asia Pacific
- 5.4.5. Middle East and Africa
6. North America Aerospace Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type of Foam
- 6.2.1. Polyurethane
- 6.2.2. Polyethylene
- 6.2.3. Ceramic
- 6.2.4. Metal
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. General Aviation
- 6.3.2. Commercial Aircraft
- 6.3.3. Military Aircraft
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Latin America Aerospace Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type of Foam
- 7.2.1. Polyurethane
- 7.2.2. Polyethylene
- 7.2.3. Ceramic
- 7.2.4. Metal
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. General Aviation
- 7.3.2. Commercial Aircraft
- 7.3.3. Military Aircraft
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. Brazil
- 7.4.2. Mexico
- 7.4.3. Rest of Latin America
8. Europe Aerospace Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type of Foam
- 8.2.1. Polyurethane
- 8.2.2. Polyethylene
- 8.2.3. Ceramic
- 8.2.4. Metal
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. General Aviation
- 8.3.2. Commercial Aircraft
- 8.3.3. Military Aircraft
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. UK
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
9. Asia Pacific Aerospace Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type of Foam
- 9.2.1. Polyurethane
- 9.2.2. Polyethylene
- 9.2.3. Ceramic
- 9.2.4. Metal
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. General Aviation
- 9.3.2. Commercial Aircraft
- 9.3.3. Military Aircraft
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. South East Asia
- 9.4.6. Rest of Asia Pacific
10. Middle East & Africa Aerospace Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type of Foam
- 10.2.1. Polyurethane
- 10.2.2. Polyethylene
- 10.2.3. Ceramic
- 10.2.4. Metal
- 10.2.5. Others
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. General Aviation
- 10.3.2. Commercial Aircraft
- 10.3.3. Military Aircraft
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Honeywell International, Inc.
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. EnerNOC, Inc.
- 11.6. Eaton Corporation PLC.
- 11.7. Landis+Gyr
- 11.8. Itron, Inc.
- 11.9. Schneider Electric
- 11.10. General Electric
- 11.11. Siemens AG Johnsons Control, Inc.
- 11.12. ABB
- 11.13. Comverge, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
