Aerospace Foam Market Size, Share & Trends Report

Aerospace Foam Market Size, Share & Trends Analysis Report By Type (Polyurethane, Polyethylene, Melamine, Metal, Polyimide, PET, PVC, Specialty High Performance), By Application, And Segment Forecasts, 2019 - 2025

  • Published Date: Jan, 2019
  • Base Year for Estimate: 2017
  • Report ID: GVR-2-68038-735-3
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 160

Industry Insights

The global aerospace foam market size was valued at USD 5.38 billion in 2017 and is anticipated to progress at a CAGR of 6.1% from 2018 to 2025. Growing demand for light-weight materials in aircraft applications is expected to propel the growth over the forecast period.

The impetus on reducing aircraft weight coupled with rapid technological advancements to develop high-performance yet cost-effective polymer foams can further contribute to the ascending demand for these foams from the aerospace industry.

U.S. aerospace foam market

The market is fragmented in nature with various global and regional players holding a significant revenue share. The rise in demand for light-weight aircraft is anticipated to drive the growth of the market in the forthcoming years. Aerospace manufacturers in North America and Europe are expected to witness significant growth on account of the presence of leading airliner manufacturers such as Lockheed Martin, Airbus, Bombardier, Boeing, and others.

Boeing estimates that over 4,000 new airliners are needed in the South East Asia region in the upcoming decades, on account of the anticipated rise in passenger traffic, which is expected to grow at 6.2% annually. As a result, aircraft Original Equipment Manufacturers (OEMs), such as Embraer S.A.; Honeywell International Inc.; Rockwell Collins; and others are establishing their manufacturing base in South East Asian countries, such as Singapore to meet the growing demand for airliner.

Type Insights

Consumption of various polymer foams such as polyurethane, melamine, and polyethylene is increasing in the airline industry owing to their light weight and high rigidity. Polyurethane foams, owing to their closed cell structure, exhibit high rigidity and resistance to water and fire. The product meets the Boeing aerospace requirement BMS 8-133. Such unique characteristics make it one of the widely preferred types by aircraft manufacturers.

Polyimide foams are extreme temperature resistant, light-weight, durable, and non-flammable. They are used in the fuselage, air conditioning duct, and equipment insulation systems. The product is commonly used in composite structures in F110, F135 engines, B-2, F-117, and F-22 aircraft, missile structures, and sixth generation engines. Polyimide foams can replace expensive titanium metals and result in reduced weight and thus increased fuel efficiency. Polyimide foams mainly find applications in the fifth and sixth generation aircraft engines, which are exposed high-temperature environment.

Application Insights

According to the General Aviation Manufacturers Association (GAMA), there are more than 440,000 general aviation aircraft across the globe as of 2018. The fuselage, bulkheads, and wings of the general aircraft are made with light-weight composites, which use polymer foams as components.

Polyurethane foams led the general aviation application segment in North America. Presence of numerous general aviation manufacturers such as Gulfstream Aerospace Corporation; Quest Aircraft Company; American Champion Aircraft; Cirrus Design Corporation; Textron Aviation, Inc.; Maule Air, Inc.; Piper Aircraft, Inc.; and others are expected to drive the aerospace foam market over the forecast period.

Global aerospace foam market

Commercial aviation application segment comprises scheduled and non-scheduled commercial airliners. Non-scheduled commercial airliners are further categorized into commercial business aviation, charter, and air taxi. The demand in commercial aircraft is expected to be driven predominantly by their applications in aircraft interiors such as thermal insulation, cushioning, and noise damping.

The demand in military aircraft is expected to be driven by the rise in military expenditure. According to the Stockholm International Peace Research Institute (SIPRI), military expenditure in Asia Pacific is expected to increase approximately from USD 456 billion in 2016 to USD 609 billion by 2022, while the military expenditure in America is expected to increase from USD 683 billion in 2016 to USD 799 billion by 2022.

Regional Insights

U.S. captured the most substantial demand for polymer foam in the aerospace market in 2017 and is anticipated to continue to be the largest market over the forecast period. The high demand was primarily driven by the strong growth in the U.S. aerospace industry, especially the commercial aviation sector. This growth is attributed to the significant and transformative role of aircraft designers, manufacturers, suppliers, and service providers in U.S. and global economies.

According to the Bureau of Transportation Statistics, the demand for low-cost airlines is rising significantly in U.S. Some airline services providers, such as Frontier Airlines; Spirit Airlines, Inc.; Delta Airlines, Inc.; and United Airlines, Inc. are providing low-cost airline services.

Polymer foams such as polyurethane and polyethylene not only reduce the weight of the aircraft but also result in lowering cost of the airlines. As a result, the demand for polymer foam is expected to increase on account of the shift in trend towards low-cost aircraft.

According to the International Air Transport Association (IATA), Asia is the fastest growing aerospace industry in the world. The passenger traffic is increasing on account of the rise in disposable income. The growth in passenger traffic is expected to thrive the construction of aircraft thereby driving the demand for polyurethane, polyethylene, and other foams over the forecast period.

Aerospace Foam Market Share Insights

The market is characterized by the presence of a few global players, such as Evonik Industries AG; BASF SE; SABIC; and DowDuPont Inc., leading the market. In the highly competitive market, developing new products using proprietary methods becomes a critical factor in the manufacturers’ contribution to the value chain.

Leading companies have developed proprietary technologies for manufacturing polymer foams suitable for aerospace applications. For instance, Zotefoams developed a proprietary Nitrogen Expansion technology for the production of polyethylene-based foams. Manufacturers such as Evonik, BASF SE, and Zotefoams are also integrated horizontally across the value chain and hence, gain a slight competitive edge over their competitors.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in Kilotons, Revenue in USD Million & CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage

Revenue forecast, volume forecast, competitive landscape, growth factors and trends

Country Scope

U.S., Canada, Mexico, Germany, U.K., Russia, China, India, Japan, and Brazil

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global aerospace foam market report on the basis of type, application, and region:

  • Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Polyurethane

    • Polyethylene

    • Melamine

    • Metal

    • Polyimide

    • PET

    • PVC

    • Specialty High Performance

      • Polymethacrylimide (PMI)

      • Polyetherimide (PEI)

      • Polyethersulfone (PES)

      • Polysulfone (PSU)

      • Polyphenylsulfone (PPSU)

      • PVDF

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • General Aviation

    • Commercial Aviation

    • Military Aircraft

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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