India Aerospace Foam Market Size & Outlook, 2024-2033
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India aerospace foam market highlights
- The India aerospace foam market generated a revenue of USD 323.5 million in 2024 and is expected to reach USD 571.0 million by 2033.
- The India market is expected to grow at a CAGR of 6.6% from 2025 to 2033.
- In terms of segment, polyethylene foam was the largest revenue generating foam type in 2024.
- Polyurethane Foam is the most lucrative foam type segment registering the fastest growth during the forecast period.
Aerospace foam market data book summary
| Market revenue in 2024 | USD 323.5 million |
| Market revenue in 2033 | USD 571.0 million |
| Growth rate | 6.6% (CAGR from 2025 to 2033) |
| Largest segment | Polyethylene foam |
| Fastest growing segment | Polyurethane Foam |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane Foam, Polyethylene Foam, Melamine Foam, Metal Foam, Polyimide Foam, Polyethylene Terephthalate Foam, Polyvinyl Chloride Foam, Specialty High Performance Foam |
| Key market players worldwide | Evonik Industries AG, SABIC, Basf SE, Solvay SA, UFP Technologies Inc, DuPont de Nemours Inc, Rogers Foam Corporation |
Other key industry trends
- In terms of revenue, India accounted for 5.0% of the global aerospace foam market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China aerospace foam market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 755.6 million by 2033.
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Aerospace Foam Market Scope
Aerospace Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NCFI Polyurethanes | View profile | 251-500 | Mount Airy, North Carolina, United States, North America | https://ncfi.com/ |
| ERG Aerospace | View profile | 51-100 | Oakland, California, United States, North America | http://ergaerospace.com/ |
| Zotefoams | View profile | 251-500 | Croydon, Croydon, United Kingdom, Europe | https://www.zotefoams.com |
| General Plastics Mfg. Co. | View profile | 101-250 | Tacoma, Washington, United States, North America | https://generalplastics.com |
| Recticel | View profile | 5001-10000 | Brussels, Brussels Hoofdstedelijk Gewest, Belgium, Europe | https://www.recticel.com |
| Armacell | View profile | 1001-5000 | Luxembourg, Luxembourg, Luxembourg, Europe | http://www.armacell.com |
| Rogers Corp | View profile | 3300 | 2225 West Chandler Boulevard, Chandler, AZ, United States, 85224-6155 | https://www.rogerscorp.com |
| UFP Technologies Inc | View profile | 3293 | 100 Hale Street, Newburyport, MA, United States, 01950-3504 | https://www.ufpt.com |
| Rogers Foam Corporation | View profile | 251-500 | Somerville, Massachusetts, United States, North America | http://rogersfoam.com |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
India aerospace foam market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace foam market will help companies and investors design strategic landscapes.
Polyethylene foam was the largest segment with a revenue share of 37.47% in 2024. Horizon Databook has segmented the India aerospace foam market based on polyurethane foam, polyethylene foam, melamine foam, metal foam, polyimide foam, polyethylene terephthalate foam, polyvinyl chloride foam, specialty high performance foam covering the revenue growth of each sub-segment from 2021 to 2033.
The Indian aerospace sector is growing significantly with the rising activities from the civil aviation and defense sector. Under the ‘Make in India’ movement, the Government of India is taking several measures to boost domestic manufacturing for the aerospace sector as well.
In February 2021, Aero India 2021 program was announced by the Government of India which witnessed the participation of aerospace component manufacturers and domestic and international aircraft manufacturers. Among the participants were, Hindustan Aeronautics Ltd, Israel Aerospace Industries Ltd., Boeing, and JSC.
In the Defense Acquisition Procedure 2020, initiatives were incorporated to encourage FDIs for establishing manufacturing hubs in India. This involves setting up MRO (Maintenance, Repair, and Overhaul) centers through a subsidiary of a foreign corporation in India, thus driving the aerospace industry in the country.
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Target buyers of India aerospace foam market databook
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Our clientele includes a mix of aerospace foam market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India aerospace foam market , including forecasts for subscribers. This country databook contains high-level insights into India aerospace foam market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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India Foam Type - Aerospace Foam Market size, 2024 - 2033 (US$M)
India Aerospace Foam Market Outlook Share, 2024 & 2033 (US$M)
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