Technavio Announces the Publication of its Research Report Global Aerospace Foam Market 2016-2020
Technavio recognizes the following companies as the key players in the global aerospace foam market: Armacell, BASF, Evonik, Rogers, SABIC, Foam Partner, ERG Materials and Aerospace, and Boyd.
Commenting on the report, an analyst from Technavios team said: One of the key trends for market growth will be renewable feedstock for manufacturing green PU foams. Currently, PU foams have the major market share in the aerospace foam market. Due to its unique properties which include durability and high resistance to chemicals, it is mainly used in seating application of aircraft. In the near future, bio-based raw materials are expected to provide significant opportunities to develop PU foams that are used in the aviation industry.
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According to the report, one of the key drivers for market growth will be versatility and unique properties of PU and melamine foams. The PU foams segment (approximately 29% in 2015 by value) is the largest segment of the global aerospace foam market, and are widely used in various aircraft applications including seating, door panels, windshields, seals, and gaskets The continuous growth of the PU foam market is due to its versatility and unique properties such as good abrasion, resistance, durability and toughness as compared with other plastics which are used in building aircraft. The strong growth of the commercial and military aircraft segments is increasing the demand for PU foams globally.
Further, the report states that the aerospace end-use industries have been using foams since a long time. With the continuous growth in the aviation industry, different foam materials that are used in building aircraft are facing some major challenges. Some of the major challenges are the end of shelf life of foams and the consumer’s lack of acceptance of products made from recycled foams. Since the general aviation segment is the major and the biggest consumer of the global aerospace foam market, the foams manufacturers are working to develop proper disposal and recycling techniques for the PU and PE foams used in aircraft.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Aerospace Foams
Aerospace foams are manufactured using various materials such as polyurethane (PU) foams, polyethylene (PE) foams, metal foams, melamine foams, and other types of foams, including polyvinylidene fluoride (PVDF), polyphenylsulfone (PPSU), silicones, polyetherimide (PEI), and polymethacrylimide (PMI). These foams are used in various applications such as seating, gaskets, seals, carpet pads, rotor blades, headrest, doors, windshields, cockpit instrument panel, and wingtip lens. The aerospace foam market is segmented in different end-use industries, which include commercial aircraft, general aviation, and military aircraft. All these foams maintain performance through high temperature, reducing air leakage, providing sound barriers, and superior temperature insulation performance.
Technavios analysts forecast the global aerospace foam market to grow at a CAGR of 7.65% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global aerospace foam market for 2016-2020. To calculate the market size, the report considers the revenue generated through sales of aerospace foam products for applications such as general aviation, commercial aircraft, and military aircraft.
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