According to MRFR analysis, Aerospace Foams Market was valued at USD 5.42 Billion in 2018 and is estimated to register a CAGR of 8.1% during the forecast period, 2019–2027.
The aerospace industry on account of its exposure to unusual or challenging environments requires materials that showcase extraordinary chemical and mechanical properties. Foam is one such material, finding remarkable demand in the aerospace industry on account of its lightweight, cellular structure, vibration dampening property, excellent rigidness, high tensile strength, durability, and heat resistant property, among others. Foams are witnessing escalating demand in different aircraft applications, such as interior panel structures for sound & vibration dampening, shock resistance, and thermal insulation; aircraft seating for providing comfort and cushioning characteristics; flight deck pads for insulation; floor coverings; and electrical components; among others. The various types of aerospace foam available in the market are polyurethane foam, polyethylene foam, melamine foam, metal foam, polyimide foam, and others. They are sold under trade names: Basotect UL, ROHACELL, SOLIMIDE, BISCO silicone, Ensolite, ULTEM Foam, Duocel, ZOTEK, LAST-A-FOAM, TegraCore, Greiner aerospace, SIVEX, and Vespel SF, among others.
The key factor favoring the growth of the global aerospace foam market is the growing demand for lightweight materials in the manufacturing of aircraft to increase fuel efficiency. The weight of the aircraft increases the consumption of fuel by the engine and thus, in turn, increases the amount of CO2 emission. According to the Air Transport Action Group (ATAG), in 2018, aircraft produced 895 million tons of CO2 worldwide. The International Air Transport Association (IATA) recognizes the need to address the global challenge of climate change and adopted a set of ambitious targets to mitigate CO2 emissions from air transport. One among the adopted target is an effort to enhance the fuel efficiency of around 1.5% per year from 2009 to 2020. This is expected to boost the demand for aerospace foams in the coming years.
Additionally, the aviation industry has seen dramatic growth over the past 20 years. The emergence of low-cost airlines has led to an increase in passenger traffic, this has resulted in the growth of the global aviation industry. According to the International Civil Aviation Organization, the number of passengers traveling through aircraft has surged from 1.467 billion in 1998 to 3.979 billion in 2017. The International Air Transport Association (IATA) suggested that as per the present trends in air transport, the numbers could double to 8.2 billion by 2037.
Furthermore, the increasing investments by governments in the manufacturing of aircraft for the defense sector are expected to provide growth impetus to the players operating in the global aerospace foams market during the forecast period. The production of bio-based polyols, which is a raw material for manufacturing polyurethane foam is also expected to boost the demand for polyurethane foam in the aerospace industry and in turn fuel the growth of the aerospace foams market during the forecast period.
However, the fluctuations in raw materials prices are challenging the growth of the product market in recent years. The stringent regulations regarding the use of polyurethane foams may hinder the market growth during the forecast period.
Pricing and Regulatory Analysis
In 2018, the aerospace foams were priced between USD 2.5 and USD 5 per square meter across the globe.
The Federal Aviation Administration (FAA) has outlined safety requirements guidelines for flammability under FAR 25.856. Likewise, several aviation-based international governing authorities such as the International Traffic in Arms Regulations (ITAR), National Qualifications Authority (NQA), and Aircraft Information Management Systems (AIMS) have framed safety requirements for airlines and aircraft structures. The American Society for Testing and Materials (ASTM) F1333-91(2013) outlined standard specification for construction of fire and foam station cabinets and F1994-99(2011) outlined standard test method for shipboard fixed foam firefighting systems. The International Aerospace Quality Group (IAQG) updated AS9100 – Quality Management Systems – Requirements for Aviation, Space, and Defense Organizations.
- Increasing demand for fuel-efficient aircraft
- Expanding the aerospace industry across the globe
- Stringent regulations regarding the use of polyurethane foams
- Polyurethane Foam: The segment dominated the global aerospace foams market by type in 2019 owing to its low cost, closed-cell structure, high rigidity, water and fire resistance properties, and excellent durability. Polyurethane foam finds vast application in aircraft seating, floor covering, flight deck pads; passenger cabin walls; aircraft ceilings; overhead stowage; interior aircraft class dividers; aircraft galleys; and lavatories.
- Polyethylene Foam: Polyethylene foam shows excellent thermal and chemical resistance properties.
- Melamine Foam: Melamine foam offers excellent thermal and acoustic insulation properties.
- Metal Foam: Metal foams exhibit excellent mechanical strength due to the presence of hollow metal spheres in its configuration.
- Polyimide Foam: Polyimide foams offer extreme temperature resistance and non-flammability.
- Others: The other segment includes PET foam, PVC foam, specialty high-performance foam, polymethacrylimide (PMI) foam, polyetherimide (PEI) foam, polyethersulfone foam (PES), polyphenylsulfone (PPSU) foam, and polyvinylidene fluoride (PVDF) foam.
- Aircraft Seats: The segment includes seating upholstery, cushions, and bedding. The aircraft seat segment dominated the global aerospace foams market in 2019 and is expected to follow a similar trend during the forecast period. The increasing investments and R&D in the construction of safe aircraft seating is propelling the growth of the segment. The growth of the global aerospace industry is further augmenting the demand for aerospace foams across the globe.
- Interior Panel Structures: Aerospace foams are used for sound dampening, vibration dampening, and thermal insulation of the interior panel structures.
- Floor Coverings: Aerospace foams are used for enhancing the comfort of the floor coverings. Floor coverings generally use flame retardant-based aerospace foams for safety requirements.
- Flight Deck Pads: Foams increase the safety of flight deck pads by serving as an insulation layer
- Electrical Components: Aerospace foams are used to cover electrical components assembly in the aircraft.
- Commercial Aircraft: The segment includes domestic and international flights run for commercial purposes and generating revenue. The segment held the largest market share of the global aerospace foam market in 2019 and is expected to register the highest CAGR during the forecast period. The growth of the segment is attributed to the increasing number of air passengers particularly in developing economies such as Asia-Pacific, Latin America, and the Middle East & Africa due to surge in low-cost carriers.
- General Aviation: The segment includes training aircraft, helicopters, business aviation, corporate aviation, air tourism, recreational flying, air sports, and others.
- Military Aircraft: The segment includes combat and non-combat aircraft. Combat aircraft includes fighter aircraft, bombers, attack aircraft, electronic warfare aircraft, and maritime patrol aircraft, among others. Non-combat aircraft include military transport aircraft, airborne early warning and control aircraft, reconnaissance and surveillance aircraft, and experimental aircraft.
- North America
- Latin America
- Middle East & Africa
- North America: Held the largest market share of over 40% in 2019 and is projected to grow significantly during the forecast period. The expanding aerospace industry and the presence of a large number of aerospace manufacturers in the US are factors propelling the growth of the North American market. The large-scale aerospace industry in the US includes everything from aircraft designers, manufacturers, suppliers, to service providers. High military expenditure in the region is also propelling the demand for aerospace foams for the construction of military aircraft.
- Europe: Europe is another major market for aerospace foams and is expected to showcase considerable growth during the forecast period.
- Asia-Pacific: The region is expected to register the highest CAGR during the forecast period. The growth of the market is driven by continued robust economic growth, increasing per-capita income and population, and demographic profiles. These factors are increasing the airline passengers’ traffic, which in turn is thriving the construction of new aircraft, thereby driving the demand for aerospace foams in the region. China is expected to be the largest country-level market for aerospace foams in the coming years by replacing the US. India is expected to be the third-largest country-level market for aerospace foams, followed by the US during the forecast period.
- Latin America: Held smaller share but the rapidly expanding aerospace industry is expected to boost the market growth for aerospace foams in the region.
- Middle East & Africa: The region is expected to witness positive growth in the coming years owing to the increase in the number of international players in the region.
- BASF SE (Germany)—Basotect UL
- Evonik Industries AG (Germany)—ROHACELL
- Boyd Corporation (US)—SOLIMIDE
- Rogers Corporation (US)—BISCO silicone
- ARMACELL LLC (US)—Ensolite
- SABIC (Saudi Arabia) —ULTEM Foam
- ERG Aerospace Corp (US)—Duocel
- Zotefoams Plc (UK)—ZOTEK
- General Plastics Manufacturing Company (US)—LAST-A-FOAM
- Solvay (Belgium)—TegraCore
- Greiner aerospace GmbH (Germany)—Greiner aerospace
- Pyrotek (US)—SIVEX
- DuPont de Nemours, Inc (US)—Vespel SF
Frequently Asked Questions (FAQ) :
The global aerospace foams market was valued at USD 5.42 billion in 2018.
The market is expected to exhibit a strong 6.8% CAGR over the forecast period from 2019 to 2025.
The increasing demand for lightweight materials in the aerospace industry is the major driver for the aerospace foams market.
North America holds the largest share in the global aerospace foams market.
Leading players in the aerospace foams market include BASF, Evonik, and SABIC, among others.