Capital News

New Product Launches, New Technology Developments, Partnerships, and Collaborations to Enhance their Position in the Aerospace Foams Market

 Breaking News
  • No posts were found

New Product Launches, New Technology Developments, Partnerships, and Collaborations to Enhance their Position in the Aerospace Foams Market

February 17
23:02 2021
New Product Launches, New Technology Developments, Partnerships, and Collaborations to Enhance their Position in the Aerospace Foams Market

Browse 146 market data Tables and 35 Figures spread through 169 Pages and in-depth TOC on “Aerospace Foams Market”
Aerospace Foams Market by Material (PU Foams, PE Foams, Melamine Foams, Metal Foams, PMI/Polyimide Foams), End-Use (Commercial Aircraft, Military Aircraft, And General Aviation), Application and Region

The aerospace foams market 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. The rising demand for lightweight and fuel-efficient aircraft have led to the extensive use of advanced materials such as PU foams, PE foams, and others, in the aerospace industry. The manufacturing of advanced materials as well as new product launches by many prominent players in the aerospace industry is one of the key factors driving the growth of the aerospace foams market across the globe.

To know about the assumptions considered for the study download the pdf brochure

The South America aerospace foams market is projected to grow at the highest CAGR in terms of both value and volume from 2019 to 2024. Brazil and Argentina are the key countries contributing to the increasing demand for aerospace foams in this region. Factors such as the end of the recession cycle in Brazil and Argentina coupled with the positive growth prospects for Colombia, Chile, and Peru, and the rise air traffic have increased the demand for aerospace foams in this region. Furthermore, the abolishment of previous restrictions on foreign ownership and control in national airlines of Brazil, by the Brazilian Congress is responsible for the growth of the aerospace foams market in South America.

BASF SE (Germany), Evonik Industries AG (Germany), Boyd Corporation (US), Rogers Corporation (US), FoamPartner (Switzerland), Armacell International S.A. (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 some of the leading players operating in the aerospace foams market. These players have adopted the strategies of expansions, acquisitions, new product launches, investments, new technology developments, partnerships, mergers, collaborations, and agreements to enhance their position in the market.

  • In January 2019, BASF SE acquired the global polyamide business of Solvay S.A. The acquisition was valued at approximately USD 1.8 billion. The company integrated the polyamide business into the Performance Materials and Monomers divisions of its Materials segment (formed in 2019). The development created access to key growth markets in Asian and South American regions, which offered a competitive advantage to BASF SE over other players in the geography.
  • In March 2015, Evonik Industries AG launched a new product, ROHACELL Triple F, which is a complex 3D structural core used for manufacturing CFRP sandwich components. This development diversified the aerospace foams product portfolio, offered by the company. Also, the new product launch led to the economic and efficient production of sandwich components with light foams cores for the aviation and automotive industries. 

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=128945153

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.

MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/aerospace-foams-market-128945153.html


Warning: count(): Parameter must be an array or an object that implements Countable in /home/capitalnews/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share