Published :
Report ID:
Pages :
Format :
Acumen research and consulting estimates that the global aerospace insulation market is anticipated to reach market size of around US$ 10,000 Mn by 2027 and is anticipated to grow at a CAGR of around 6% in terms of revenue during the forecast period 2020 – 2027. Aerospace insulation is defined as a method for sound and noise reduction, damage or control to improve and comply with the regulations.
Market Insights
Improved production of trade and military aircraft across the globe will fuel the demand for insulation in aerospace during the forecast period. Owing to the growing defense spending, the military industry has accelerated and the market for military aircraft grew further. For instance, in February 2018, by contrast to 2017, the U.S. defense budget has increased by around U.S$ 80 Bn. Increasing demand for lightweight, thermal, acoustic and electrical insulation products providing compliance with Federal Aviation Administration (FAA) minimum requirements will boost product demand. Product production will increase. More industrial growth has led to a transition in loyalty to air transport and faster aircraft services, which has led to more drug penetration.
In addition, innovations in insulation materials are constantly being seen by the industry as high thrust turbofan engines are increasingly needed. The shifting from the conventional West to the developing countries would provide the aerospace insulation marketplaces with secure prospects for development. Higher quality materials are required to satisfy the aerospace standards for the manufacturing of products. Participants in industries face the challenge of quality accreditation that can hinder the development of the market. Furthermore, recyclability issues with composite separation will threaten the growth of industry. In order to improve the overall product quality and reduce aircraft weight, however, industry players invest significantly in R&D.
Report coverage
The market research study on “Aerospace Insulation Market (By Type: Thermal Insulation, Acoustic & Vibration Insulation, Electric Insulation; By Material: Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-based Materials, Other Materials; By Application Area: Airframe, Engine; By Platform: Fixed Wing, Rotary Wing) - Global Industry, Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global aerospace insulation market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global aerospace insulation market are type, material, application area, platform, and major geographic regions. The aerospace insulation market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
North America held the largest share of global aerospace insulation market in 2019. Due to the increasing fuel efficient fuel prices in the country, a increase in demand is expected in the next couple of years. The growth of the mature aerospace industry, which will in effect boost the demand for aircraft insulation in the forecasted era, has been fuelled by high substitution levels mainly for regional aircraft. The presence of major manufacturers involved in trade, military and commercial jets means that Europe is a significant regional market. The increasing use of aerospace insulation is expected to increase regional market growth over the projected timeframe in Germany, France, Great Britain, and other European aviation manufacturing countries. In the Asia-Pacific region, emerging economics, including China, India and Japan, largely boost the growth of the aerospace industry as an aerospace industry emerges and, in turn, the need for aerospace insulation in the region is expected to boost throughout the forecast period. Brazil is one of the world's leading aircraft production competitors. Embraer is one of Brazil’s leading aircraft manufactures and is expected to raise demand in Central and South America. Increased numbers of air travelers in the area and new orders are expected to sustain them in the planned timeframe. Aerospace separation demand is expected to increase over time.
Key Players
Major players included in this report are Evonik Industries, Boyd Corporation, AVS Industries, 3M, Zotefoams, BASF, Duracote Corporation, Elmelin Ltd., DuPont, Esterline Technologies, Hutchinson, Jhons Manville, Orcon, Polymer Technologies, Promat, Thermodyne, Triumph Group, UPF Corporation, Rogers Corporation, Zodiac, and others. The protection of passengers and crews from frigid and motor noise on a high altitude plays an important role in the airplane insulation. The layer resists the penetration of fire and improves flame retardance in the event of an accident. The OEMs also use small materials to reduce weight and increase fuel efficiency.
The global aerospace insulation market is segmented as below:
Market Segmentation
Aerospace Insulation Market By Type
Thermal Insulation
Acoustic & Vibration Insulation
Electric Insulation
Aerospace Insulation Market By Material
Foamed Plastics
Fiberglass
Mineral Wool
Ceramic-based Materials
Other Materials
Aerospace Insulation Market By Application Area
Airframe
Engine
Aerospace Insulation Market By Platform
Fixed Wing
Rotary Wing
Aerospace Insulation Market By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Strengthening of aircraft manufacturing sector is expected to drive the growth of the aerospace insulation market.
Changing regulatory scenario and low recyclability of insulation materials is a major factor expected to restraint the growth of the market.
The market value of aerospace insulation is anticipated to be around US$ 10,000 Mn in 2027.
It is anticipated to grow around 6% CAGR amid the forecast period.2020-2027
The key players operating in aerospace insulation markets are Evonik Industries, Boyd Corporation, AVS Industries, 3M, Zotefoams, BASF, Duracote Corporation, Elmelin Ltd., DuPont, Esterline Technologies, Hutchinson, Jhons Manville, Orcon, Polymer Technologies, Promat, Thermodyne, Triumph Group, UPF Corporation, Rogers Corporation, Zodiac, and others.
Asia Pacific is projected to grow at a fast pace during forecast period from 2020-2027.
North America held maximum share in 2019.
Customer Satisfaction
Availability - we are always there when you need us
Fortune 50 Companies trust Acumen Research and Consulting
of our reports are exclusive and first in the industry
more data and analysis
reports published till date