Aerospace Foams Market Set to Benefit from Rising Demand for Air Travel| MarketsandMarkets™
Verfasser: ashwani_kailiya on Thursday, 13 April 2023Aerospace foams are low-density cellular materials that are lightweight and utilized in the construction of aircraft, spacecraft, and other aerospace vehicles. They are frequently used for insulation and cushioning, as well as structural and aerodynamic support. Aerospace foams come in a range of materials, including polyurethane, polyethylene, and polypropylene, and are frequently used for both interior and exterior components. Aerospace foams are also utilized to build aircraft engines, fuel tanks, and other components. The aerospace foams market size is projected to grow from USD 4.4 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 8.2% from 2019 to 2024.
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The commercial aircraft segment is projected to lead the aerospace foams market in terms of both, value and volume.
The commercial aircraft segment is predicted to be the largest user of aerospace foams in terms of both value and volume throughout the forecast period. This is due to the growing demand for lightweight materials in the aviation industry, which help to cut fuel consumption and enhance overall aircraft economy.