The "Aerospace Foams Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The market globally for Aerospace Foams is expected to register CAGR of greater than 6% during the forecast period.
Bodo Miller Chemie GmbH
ERG Aerospace Corporation
Everchem Specialty Chemicals
General Plastics Manufacturing Company
Grand Rapids Foam Technologies
Key Market Trends
Growing business and general aviation sector
According to Boeing, the expected growth in air traffic by 2030 would require approximately 40,000 aircrafts, amounting to a value of almost USD 6 trillion.
Out of the total demand, it is expected that Asia Pacific region would require 40% of these aircrafts while Europe and North America would require another 40% combined. The remaining 20 percent of the aircrafts are expected to be delivered to the Middle East, Latin America, Russia & Central Asia, and Africa regions.
The traffic growth averaged 6.7% during the past five years as measured in Revenue Passenger Kilometers (RPKs), which is a major growth factor globally pushing the Aerospace market, which in turn would drive the Aerospace Foams market.
According to The World Tourism Organizations, there has been an increase of 6% in the number of tourists travelling in 2018. By the next decade, the number of tourists is estimated to be 700 million.
Thus, the Business and general aviation segment demands is expected to drive the production of aircrafts thereby it is estimated that the demands for Aerospace Foams Market would increase in the forecast period.
North America to Dominate the Market
Presently, North America is the largest market for Aerospace Industry across the globe.
North America constitutes about 52% in the Aerospace Industry thus it is also expected to be the largest market for Aerospace Foams market. Asia Pacific has about 15% of market share in Aerospace Industry but is growing at the fastest rate.
Asia Pacific is expected to be the fastest growing market during the forecast period, with increasing demand for segments like Business and General Aviation in China, India, and the ASEAN countries.
Aerospace manufacturers in North America are expected to expand their operations on account of rising number of air passengers, and increasing military expenditure in the country in recent times. Some of the leading airline manufacturers such as Lockheed Martin, Airbus, Bombardier, and Boeing have been investing on new manufacturing and repair activities in the Untied States lately.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Growing Demand for the Light Weight and Fuel Efficient Aircrafts
4.2 Market Restraints
4.2.1 Stringent Regulations Regarding the Use of PU Foams
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.3.1 Asia Pacific
5.3.2 North America
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Aerofoam Industries
6.4.3 BASF SE
6.4.4 Bodo Miller Chemie GmbH
6.4.5 Boyd Corporation
6.4.6 ERG Aerospace Corporation
6.4.7 Everchem Specialty Chemicals
6.4.8 Evonik Industries
6.4.9 General Plastics Manufacturing Company
6.4.10 Grand Rapids Foam Technologies
6.4.11 Huntsman Corporation
6.4.12 Rogers Corporation
6.4.15 Technifab Inc
6.4.16 UFP Technologies
6.4.17 Zetofoams Plc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Biobased PU Foams Manufacturing
For more information about this report visit https://www.researchandmarkets.com/r/l4y6d1
View source version on businesswire.com: https://www.businesswire.com/news/home/20210507005327/en/
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