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Aerospace Foam Market is tremendously growing and is estimated to reach USD 5917.60 million by 2021

Increased aircraft manufacturing and supply contracts will increase the Aerospace foam market and is estimated to reach $5917.60m in 2021.

According to the latest market research report “Aerospace Foam Market: By Types (Polyethylene, Cross-Linked Polyethylene, Polyurethane, Reticulated Polyurethane, Melamine, Specialty And Others) By End Users (Commercial Aircrafts, Military Aircrafts, General Aircrafts And Others) & Geography -Forecast(2016-2021)published by IndustryARC, estimates the market to reach $5917.60m by 2021.

Browse 14 Market Tables, 74 Figures spread through 162 slides and an in-depth TOC on “Aerospace Foam Market (2016 – 2021)” – http://industryarc.com/Report/15149/aerospace-foam-market.html

Foams in aerospace industry are used for variety of applications including temperature insulation, acoustic insulation, flame resistance, and reduction of air leakage. The foams used for aerospace purposes satisfies criteria such as low density and fire retardancy, since weight increase directly impacts cost of operation, while prevention of fire may avoid accidents and casualties. The key segmentations for refinery process additives market includes by type, by end user and by geography.

The global aerospace foam market is estimated to grow with a CAGR of 5.65% during the forecasted period and will reach $5917.60m in 2021. Increased aircraft manufacturing and supply contracts and usage of composite materials for aircrafts are the primary drivers impacting on aerospace foam market. According to type, the global aerospace foam market has been categorized into polyethylene, cross-linked polyethylene, polyurethane, and reticulated polyurethane, melamine foam, specialty and others. Polyurethane has generated the highest revenue in 2016and this segment is projected to remain dominant in the aerospace foam market for the next five years. PU foams offer an attractive balance of performance characteristics such as aging properties, mechanical strength, elastic properties, chemical resistance, insulating properties, and cost. Due to these set of properties the usage of PU is more when compared to polyethylene in aerospace industry.

The market has been segmented into Americas, Asia-Pacific, Europe and Rest of the World (RoW) on basis of geography. In 2016, America is the prominent region for aerospace foam market followed by Asia-Pacific. Asia-Pacific is estimated to be the fastest growing region with CAGR of 8.1% during the forecasted period. Growth of aviation industry and increasing modernization of the military are the factors pushing the growth in this region.

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The Prominent Players in this Market Include

  • BASF SE

  • Evonik Industries AG

  • Rogers Corporation

  • Armacell

  • UFP Technologies

BASF SE and Evonik industries AG are key players of the refinery process additives market in 2016 with a share of 21% and 9% respectively. Rogers Corporation., Armacell, Rogers Corporation, UFP Technologies and many more are other companies that are prominent in Aerospace Foam Market in 2016. With various product launches, mergers, acquisitions, collaborations and other strategies, these companies are obtaining market shares in the industry.

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About IndustryARC:

IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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