11 September 2019
Visiongain’s new report the Aerospace Foam Market Report 2019-2029: Forecasts by Product (Polyurethane, Polyethylene, Melamine, Metal, Polyimide, PET, PVC, Specialty High Performance), by Application (General Aviation, Commercial Aviation, Military Aircraft), by Region and Analysis of Leading Companies Operating in this Industry. 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. The global aerospace foam market is expected to reach more than USD 7 billion by 2029.
The impetus to reduce aircraft weight combined with fast advances in technology to create high-performance yet cost-effective polymer foams can further add to the aerospace industry's rising demand for these foams.
Because of the anticipated increase in passenger traffic, which is projected to expand more than 6 percent annually, Boeing estimates that over 4,000 fresh airliners will be required in the South East Asia area in the coming decades. As a consequence, original aviation equipment manufacturers (OEMs), such as Embraer S.A.; Honeywell International Inc.; Rockwell Collins; and others are setting up their production base in South East Asian nations, such as Singapore, to satisfy the increasing demand for airliner.
Due to their light weight and elevated rigidity, the consumption of multiple polymer foams such as polyurethane, melamine and polyethylene is growing in the aviation sector. Polyurethane foams are highly rigid and resistant to water and fire due to their closed cell composition. The item meets the BMS 8-133 requirement for Boeing aerospace. Such distinctive features make it one of the airplane manufacturers ' commonly preferred kinds.
There are more than 440,000 general aviation aircraft worldwide as of 2018, according to the General Aviation Manufacturers Association (GAMA). The general aircraft's fuselage, bulkheads, and wings are made of lightweight composites that use as parts polymer foams.
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.
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