Middle East & Africa Aerospace Foam Market Size & Outlook
Middle East & Africa aerospace foam market, 2019-2030 (US$M)
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MEA aerospace foam market highlights
- The MEA aerospace foam market generated a revenue of USD 275.2 million in 2022.
- The market is expected to grow at a CAGR of 3% 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, Gulf Cooperation Council is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 275.2 million |
| Market revenue in 2030 | USD 347.5 million |
| Growth rate | 3% (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, MEA region accounted for 4.8% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Aerospace Foam Market Scope
Aerospace Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 34.19% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
The supportive policies of the Middle Eastern governments have contributed significantly to the market growth in recent years since the aerospace industry has received a boost, in terms of imported materials and impetus for regional manufacturing. As per the statistics of IATA , the BRICS nations experienced substantial growth in domestic air travel in 2021.
According to the Boeing 2022 research, the Middle East & Africa is expected to have quadrupled its fleet size to over 3,000 commercial planes over the next 20 years to accommodate an exponential increase in passenger traffic.
Over two-thirds of the forthcoming deliveries will support expansion, while the remaining one-third will replace older planes with more fuel-efficient models like Boeing 737 MAX, 787 Dreamliner, and 777X.
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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 Middle East & Africa aerospace foam market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa aerospace foam market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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MEA aerospace foam market size, by country, 2019-2030 (US$M)
Middle East & Africa Aerospace Foam Market Outlook Share, 2022 & 2030 (US$M)
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