Asia Pacific Aerospace Foam Market Size & Outlook
Asia Pacific aerospace foam market, 2019-2030 (US$M)
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Asia Pacific aerospace foam market highlights
- The Asia Pacific aerospace foam market generated a revenue of USD 1,285.1 million in 2022.
- The market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- In terms of segment, polyethylene foam was the largest revenue generating foam type in 2022.
- Polyurethane Foam is the most lucrative foam type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,285.1 million |
| Market revenue in 2030 | USD 2,057.4 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Polyethylene foam |
| Fastest growing segment | Polyurethane Foam |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane Foam, Polyethylene Foam, Melamine Foam, Metal Foam, Polyimide Foam, Polyethylene Terephthalate Foam, Polyvinyl Chloride Foam, Specialty High Performance Foam |
| Key market players worldwide | Evonik Industries AG, SABIC, Basf SE, Solvay SA, UFP Technologies Inc, DuPont de Nemours Inc, Rogers Foam Corporation |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.4% of the global aerospace foam market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 3,920.2 million by 2030.
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Aerospace Foam Market Scope
Aerospace Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific aerospace foam market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace foam market will help companies and investors design strategic landscapes.
Polyethylene foam was the largest segment with a revenue share of 35.58% in 2022. Horizon Databook has segmented the Asia Pacific aerospace foam market based on polyurethane foam, polyethylene foam, melamine foam, metal foam, polyimide foam, polyethylene terephthalate foam, polyvinyl chloride foam, specialty high performance foam covering the revenue growth of each sub-segment from 2019 to 2030.
Southeast Asia has established itself as a significant Maintenance, Repair, and Overhaul (MRO) industry for aerospace applications. The growth of the MRO industry depends on country-specific policies and the absence of a favorable policy framework can significantly restrain the growth of MRO services.
For the aviation industry, the import duties on spare parts and tax regimes influence the MRO services delivery. Also, the government incentives and initiatives play a crucial role to attract foreign investment and extend assistance to local companies.
Singapore, the Philippines, and Malaysia provide tax incentives, and duty-free import of machines, spares, and equipment, making these Southeast Asian countries major supporters of the MRO market for the aerospace sector.
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Target buyers of Asia Pacific aerospace foam market databook
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Our clientele includes a mix of aerospace foam market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific aerospace foam market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aerospace foam market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aerospace foam market size, by country, 2019-2030 (US$M)
Asia Pacific Aerospace Foam Market Outlook Share, 2022 & 2030 (US$M)
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