On 28 April, Europur published an update on its previous status report of 7 April 2020 on
The Global Technical Foam Market size is estimated to be USD 9.1 Billion in 2020 and is projected to reach USD 15.7 Billion by 2025, at a CAGR of 11.6% from 2020 to 2025.
The aerospace foams market size is projected to grow from USD 4.4 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 8.2% from 2019 to 2024. Increasing demand for low weight and fuel-efficiency, which requires the extensive usage of foams in a broader number of areas in the aircraft, is driving the global aerospace foams industry. Moreover, the steadily growing global aviation industry is one of the key factors driving the growth of the aerospace foams market.