Surge in demand for lightweight & fuel-efficient aircraft and developments in the aviation industry fuel the growth of the global aerospace foam market. Based on application, the general aviation segment contributed the major share in 2020. By region, on the other hand, Asia-Pacific would cite the fastest CAGR by 2030.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The global aerospace foam market was estimated at $5.3 billion in 2020 and is expected to hit $9.5 billion by 2030, registering a CAGR of 6.11% from 2021 to 2030.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The Aerospace foam market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
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The general aviation segment contributed to nearly 90% of the total market revenue in 2020, and is projected to lead the trail by 2030. The military segment, simultaneously, would exhibit the fastest CAGR of 6.94% during the forecast period.
Aerospace foam Companies Covered Market:- Freudenberg Group, HUESKER Group, Maccaferri S.p.A., NAUE GmbH & Co. KG, PRS Geo-Technologies, Tensar International Corporation, Schouw & Co., AGRU, Solmax and Other.
The polyurethane foam segment accounted for the major share in 2020, holding more than two-fifths of the total market. The others segment, however, would exhibit the fastest CAGR of 7.54% throughout the forecast period.
Analysis of COVID-19 impact:
The outbreak of the pandemic has had a massive impact on the majority of industries and the Aerospace foam market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Aerospace foam market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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