Growth of the Global Aerospace Foam Market to be propelled by
its Wide Industrial Applications by Commercial Aircraft Segment
by 2027
The Global Aerospace Foam market is segmented by material type,
application, aircraft type and region. Based on material type, the market is
segmented into polyurethane, polyethylene, metal and others. On the basis
of application, the market is segmented into flight deck pads, passenger
cabin walls and ceilings, overhead stow bins, service-class dividers, galleys
and lavatories and others. On the basis of aircraft type, the market is
segmented into military aircraft, commercial aircraft and helicopters.
Aerospace Foam Market is anticipated to record a CAGR of 8.1% during the
forecast period i.e. 2019-2027. The market is segmented by material type,
application and aircraft type, out of which, the commercial aircraft segment
is anticipated to have significant growth on account of increase in the
number of people travelling through airways thereby increasing the growth
prospects of the airline companies.
North America is expected to dominate the growth of the global Aerospace
Foam Market owing to continuous improvement and technical assistance in
aircraft industry leading to a high consumption rate of aerospace foam
materials during the forecast period. Asia Pacific is expected to grow
significantly on the back of its engagement in continuous industrialization
and immense government funding.
Steady Application in Commercial Aircrafts
Aviation is one of the global industries which are responsible for connecting
people, cultures and businesses across continents. Commercial Aerospace
services have doubled its size and growing faster than other industries.