China Aerospace Foam Market Size & Outlook, 2022-2030
China aerospace foam market, 2019-2030 (US$M)
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China aerospace foam market highlights
- The China aerospace foam market generated a revenue of USD 373.8 million in 2022 and is expected to reach USD 616.6 million by 2030.
- The China market is expected to grow at a CAGR of 6.5% 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.
Aerospace foam market data book summary
| Market revenue in 2022 | USD 373.8 million |
| Market revenue in 2030 | USD 616.6 million |
| Growth rate | 6.5% (CAGR from 2022 to 2030) |
| Largest segment | Polyethylene 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, China accounted for 6.5% 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 Asia Pacific, China aerospace foam market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 616.6 million by 2030.
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Aerospace Foam Market Scope
Aerospace Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 36.28% in 2022. Horizon Databook has segmented the China 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.
According to the International Trade Administration, China is the fastest-growing civil aerospace and aviation services market globally. China-based aerospace companies are engaged in supplying parts to foreign aircraft manufacturers in the global commercial aviation industry.
However, the country is developing its domestic aircraft manufacturing capabilities which can result in positive market growth for aerospace plastics over the coming years. The two fatal crashes involving Boeing 737 MAX aircraft in 2019 resulted in the Chinese government halting the import of commercial aircraft from Boeing.
The U.S. and China trade war since 2020 has further created uncertainty regarding the supply of aircraft by Boeing and is expected to reduce the chances of Boeing to establish its market position in the aviation market. This presents a positive growth opportunity for the Chinese aircraft manufacturing sector which is picking pace and can drive the consumption of aerospace plastics 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China aerospace foam market , including forecasts for subscribers. This country databook contains high-level insights into China aerospace foam market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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China aerospace foam market size, by foam type, 2019-2030 (US$M)
China Aerospace Foam Market Outlook Share, 2022 & 2030 (US$M)
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