LONDON, July 07, 2022 (GLOBE NEWSWIRE) -- According to The Business Research Company's research report on the aerospace foams market , the increasing fleet size of commercial aircraft is significantly contributing to the growth of the aerospace foams market. The aircraft fleet is defined as the number of airplanes operated by a respective airline. Increasing fleet size requires aerospace foams to be added to aircraft designs such as seats, cabin walls, ceilings, floor carpets, flight deck pads, and overhead stow bins, among others, thereby promoting the growth of aerospace foams used in the manufacturing of aircraft. For instance, according to Boeing, a US-based aerospace company's commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 airplanes by 2040. Therefore, the increasing fleet size of commercial aircraft is driving the aerospace foams market.
Request for a sample of the global aerospace foams market report
The global aerospace foam s market size is expected to grow from $4.43 billion in 2021 to $4.75 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The global aerospace foam market size is expected to continue to grow to $6.25 billion in 2026 at a CAGR of 7.1%.
Product innovations are shaping the aerospace foams market. Major players in the aerospace industry are developing innovative foam products for market growth. These are majorly utilized in aircraft designs, such as seats, cabin walls, ceilings, floor carpets, flight deck pads, and overhead stow bins, among others. For instance, in November 2021, SINOYQX, a China-based melamine foam manufacturer, launched YQX ...
Full story available on Benzinga.com