Leading manufacturer and supplier in the aviation foam market
BASF SE (Germany), Evonik Industries AG (Germany), Boyd Corporation (US), Rogers Corporation (US), FoamPartner (Switzerland), Armacell International SA (Luxembourg), SABIC (Saudi Arabia), ERG Materials and Aerospace Corp (US ), UFP Technologies, Inc. (US), Zotefoams Plc (UK), General Plastics Manufacturing Company (US), Solvay SA (Belgium), Pyrotek Inc. (US), and Greiner AG (Austria) are leaders in the aviation foam market enterprise.
These companies have adopted strategies such as expansion, acquisition, new product launch, investment, new technology development, cooperation, merger, collaboration, and agreement to improve their position in the market.
Related aviation foam materials: PU Foams, PE Foams, Melamine Foams, PMI Foams, Metal Foams.
Applications: commercial aircraft, military aircraft, general aviation.
By 2024, the total value of the aviation bubble market is expected to grow from US $ 4.4 billion in 2019 to US $ 6.5 billion, with a compound annual growth rate of 8.2%. With the increasing demand for lightweight and efficient fuel economy, aviation companies are being promoted to apply foam materials in more fields, which is constantly promoting the development of the global aerospace foam industry. In addition, the steady growth of the aviation industry worldwide is also one of the key factors driving the expansion of the aviation bubble market.
During the forecast period, commercial aircraft are expected to lead the aviation bubble market in terms of output value and usage.
As far as the terminal market is concerned, in 2018, it was mainly the rapid development of civil aviation that boosted the growth of the total value and scale of the aviation bubble market. The increase in the number of aircraft passengers is the main factor for the prosperity of the civil aviation industry. The growing demand for low-cost aviation operations in Asia Pacific, the Middle East, South America and other regions has further expanded the market segment of civil aviation. In addition, the continuous increase in the demand for low-cost aviation operations in Southeast Asia, India, and Australia has also promoted the overall development of the civil aviation industry, and the market's demand for aviation bubbles has also increased accordingly.
During the forecast period, polyurethane foam materials will lead the aviation foam market in terms of output value and sales volume.
In terms of foam materials, polyurethane foam accounted for the largest share of the aviation foam market in 2018, and its total market value and scale are expected to grow. The density of polyurethane foam can be high or low, and its hardness is also different. It can be used in many fields of the aviation industry, such as aircraft seats, fuselages, interiors and packaging. Polyurethane foam has the advantages of durability, light weight and recyclability. It is widely used in aircraft seats and shock absorption, and its market is also expanding.
During the forecast period, the output value and sales volume of the South American aviation foam market are expected to grow at the highest compound annual growth rate.
In the next five years, the annual compound growth rate of the value and scale of the South American aviation bubble market is expected to increase. Brazil and Argentina are the largest markets for aviation bubbles in the region. With the end of the economic crisis in Brazil and Argentina, the benign growth of the economies of Colombia, Chile and Peru, and the development of the local aviation industry, the demand for aviation bubbles in the South American market will continue to grow. In addition, the Brazilian parliament has legislated to lift restrictions on foreign ownership and control of domestic airlines, which is one of the reasons for the growth of the South American aviation bubble market.
Interfoam's exclusive view: China is the world's fastest growing and most promising civil aviation market. The establishment of COMAC has opened a new chapter in China's independent development of large passenger aircraft. Looking to the future, China will be one of the largest single markets in the field of material application and terminal consumption in the aviation industry. In terms of foam material application, the output value and sales volume of China's aviation foam market in the future will also grow at the highest compound growth rate.