Canada Aerospace Foam Market Size & Outlook, 2022-2030
Canada aerospace foam market, 2019-2030 (US$M)
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Canada aerospace foam market highlights
- The Canada aerospace foam market generated a revenue of USD 199.3 million in 2022 and is expected to reach USD 327.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
- In terms of segment, polyurethane 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.
Aerospace foam market data book summary
| Market revenue in 2022 | USD 199.3 million |
| Market revenue in 2030 | USD 327.3 million |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Polyurethane foam |
| Fastest growing segment | Polyurethane Foam |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 3.5% of the global aerospace foam market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aerospace foam market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,428.2 million by 2030.
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Aerospace Foam Market Scope
Aerospace Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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.
Polyurethane foam was the largest segment with a revenue share of 37.03% in 2022. Horizon Databook has segmented the Canada 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.
Canada has a number of aerospace companies employing approximately 200,000 skilled professionals. Avcorp Industries, Pratt & Whitney Canada, CMC Electronics, Heroux-Devtek, and IMP Aerospace & Defence are some of the major companies in Canada which manufacture different components for the aerospace industry.
The presence of major manufacturers in the region is expected to support the aerospace industry over the forecast period. In September 2022, WestJet Group and Boeing signed an agreement to purchase 42 more MAX aircraft, with an option of purchasing 22 more.
The addition of this order to WestJet's remaining 23 MAX orders pushes the airline's fleet expansion goals to 2028. In addition, in October 2022, Air Canada ordered an additional 15 Airbus A220-300s, bringing its total order for the Canadian-built model to 60 aircraft. Increasing demand for aircraft is, therefore, expected to propel the aerospace plastics market over the forecast period.
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Our clientele includes a mix of aerospace foam market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada aerospace foam market , including forecasts for subscribers. This country databook contains high-level insights into Canada aerospace foam market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada aerospace foam market size, by foam type, 2019-2030 (US$M)
Canada Aerospace Foam Market Outlook Share, 2022 & 2030 (US$M)
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