Latin America Aerospace Foam Market Size & Outlook
Latin America aerospace foam market, 2019-2030 (US$M)
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Latin America aerospace foam market highlights
- The Latin America aerospace foam market generated a revenue of USD 387.7 million in 2022.
- The market is expected to grow at a CAGR of 3.7% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 387.7 million |
| Market revenue in 2030 | USD 519.1 million |
| Growth rate | 3.7% (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, Latin America region accounted for 6.7% 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 |
|---|
Latin America 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 34.61% in 2022. Horizon Databook has segmented the Latin America 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.
Central & South America is expected to grow at a CAGR of 8.8% in terms of revenue over the forecast period. Brazil is one of the strongest competitors in manufacturing a wide range of aerospace products in the global market.
Embraer is one of the leading aircraft manufacturers located in Brazil. Passenger air traffic has increased as a result of rising consumer disposable income and the growing disposition of consumers to opt for luxurious and comfortable travel modes.
Latin American companies have well-established and integrated distribution networks at par with other leading aerospace companies, which makes them suitable for aircraft manufacturing owing to favorable government regulations and policies. The aforementioned factors are expected to drive the demand for aerospace plastics in Latin America 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 continent-level data and insights on the Latin America aerospace foam market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aerospace foam market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America aerospace foam market size, by country, 2019-2030 (US$M)
Latin America Aerospace Foam Market Outlook Share, 2022 & 2030 (US$M)
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