The global aerospace foams market estimated to be valued US$ 4.8 billion in 2020 and poised to grow at significant CAGR of over 8.4% during 2021 to 2027 to reach USD 8.3 billion by 2027. Growing need for economical carrier airlines has augmented the demand for aerospace foam in viable aircrafts, on the account of its insulating properties and excellent lightweight. Moreover, industrial development has boosted the demand for aerospace foam in the aircraft manufacturing. Government initiatives undertaken by government to provide financial assistance in military aircrafts is projected to lift the aerospace market. Furthermore, the rising use age of polyurethane foam products in interior cabins and aircraft flight decks has improved, due to their cushioning formulations and outstanding absorption.

https://www.precisionbusinessinsights.com/market-reports/global-aerospace-foams-market