Aerospace Insulation Market Size By Product (Thermal Insulation, Acoustic Insulation, Vibration Insulation, Electric Insulation), By Material (Foamed Plastics, Ceramic Material, Fibre Glass, Mineral Wool), By Aircraft (Commercial Aircraft, Military Aircraft, Helicopters, Space), By Applications (Engine, Airframe), By Platform (Fixed Wing, Rotary Wing), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI2084  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 425   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Aerospace Insulation Market size valued at over USD 3.12 billion in 2019 and is estimated to exhibit around 6% CAGR from 2020 to 2026. Rising air traffic coupled with increasing demand for commercial aircrafts will positively influence the industry growth.
 

Aerospace insulation includes materials installed in the aircraft to enhance safety and comfort level. Insulation plays an important part in protecting crew and passengers from engine noise and frigid temperature at higher altitudes. The layer provides resistance against fire penetration and augments flame retardancy in accidental situations. Rising per capita income and discretionary spending are continuously augmenting air passenger traffic. As per IATA, the air passengers are expected to reach 7.8 billion till 2036 with 3.6% annual growth. Growth in air passengers is leading to surge in flight iterations and will boost the aerospace insulation market size.
 

Aerospace Insulation Market

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OEMs are focusing on the use of lightweight materials to improve fuel efficiency and support weight reduction. The growth of air passengers in major countries is attributed to rise in low cost carriers. Improvement in airline efficiency and rising competition among airliners has lowered cost per journey. The fight operators are reducing air fares to enhance their consumer base. Decrease in cost of travel is resulting an increase in traffic.
 

Low recyclability of insulation materials coupled with changing regulatory scenario will limit the aerospace insulation market growth. Further, the ongoing COVID-19 pandemic will negatively influence the market revenue. According to IATA, global aviation industry has witnessed a total revenue loss of more than USD 400 billion owing to the restriction on air travels in major countries. Moreover, temporary shutdown of major aircraft manufacturing facilities will further hinder the market demand.
 

Aerospace Insulation Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 3,115.7 Million (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 2.5% 2026 Value Projection: 3,796.1 Million (USD)
Pages: 425 Tables, Charts & Figures: 835
Geographies covered (26): U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, Bahrain, Oman, South Africa
Segments covered: Product, Material, Aircraft, Application, Platform, Region
Companies covered (16): 3M, AVS Industries, BASF SE, Boyd Corporation, Duracote Corporation, E. I. du Pont de Nemours and Company (DuPont), Elmelin Ltd., Esterline Technologies Corporation, Evonik Industries, Hutchinson, Insul.Tecno Group Srl, Johns Manville, Orcon Aerospace, Polymer Technologies Inc., Promat, Rogers Corporation, ThermoDyne, Triumph Group, UPF Corporation, Zodiac Aerospace, Zotefoams
Growth Drivers:
  • Increasing air passenger traffic
  • Strengthening of aircraft manufacturing sector
Pitfalls & Challenges:
  • Changing regulatory scenario and low recyclability of insulation materials

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Thermal insulation to bank upon its demand to enhance passenger comfort

Thermal aerospace insulation market will witness around 5.5% growth rate till 2026 led by increasing utilization of heat insulation solutions and demand for energy conservation, passenger comfort, and improved aircraft performance. Increasing number of government initiatives to strengthen insulation manufacturing industry and improve energy savings through eco-friendly products will boost thermal insulation industry revenue. Demand growth of insulation materials is credited to its advantages including, reduced vibrations & noise levels during flight hours. Enhanced user safety owing to low thermal conductivity of materials will further fuel the market growth.
 

Ceramic materials to garner major market revenue share

In 2019, ceramic material segment held over 50% share in the aerospace insulation market. Advanced and modern ceramics have garnered popularity across aerospace and aviation design, manufacturing, and development. Ceramic is extensively used for several aerospace applications including batteries, semiconductors, and magnets for aircraft tiles.
 

Increasing passenger traffic to enhance commercial aircraft penetration

Aerospace Insulation Market By Product

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Commercial aircrafts accounted for more than USD 2 billion aerospace insulation market revenue in 2019 due to increasing domestic and international air traffic across the globe. In Germany, the air passenger traffic was 105 million in 2014 and is expected to cross 175 million by 2030. Emergence of low-cost air carriers and changing consumer preference towards air travel will be the major factors fuelling the market growth.
 

Ongoing innovation to support airframe segment revenue generation

Airframe application segment is expected to lead the global aerospace insulation market during the forecast timeframe. This can be credited to regular innovations in usage of lightweight materials. This has in turn has led to substantial improvisations in composition of component structures. Growing penetration of composites in commercial aircrafts will drive the development of various aero structures, inducing immense potential to the industry size.
 

Fixed wing will be the preferred platform

Fixed wing platform segment is poised to capture significant market share through 2026 with rising usage of these materials for acoustic and thermal insulation. Cabin interiors of fixed wing aircraft, and ancillary ground support equipment will support its dominant positioning. High deployment for aircraft weather protection covers will strengthen the product penetration.
 

North America will dominate the global industry size

Aerospace Insulation Market Share By Region

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North America aerospace insulation market size is slated to register growth of over 5% between 2020 and 2026 propelled by presence of major aerospace industry participants including, Boeing, Lockheed Martin, United Technologies, and Northrop Grumman. These players contribute significant share in aerospace manufacturing. Rising aircraft deliveries on account of air passenger and freight traffic across the region will drive the market growth.
 

Acquisition, partnership and new product launch to emerge as key strategies

The major aerospace insulation market participants include, BASF SE, AVS Industries, 3M, Duracote Corporation, Boyd Corporation, DuPont, Esterline Technologies Corporation, Elmelin Ltd., Evonik Industries, Johns Manville, Insul.Tecno Group, Hutchinson, Polymer Technologies Inc., Orcon Aerospace, Rogers Corporation, Promat, ThermoDyne, UPF Corporation, Triumph Group, Zotefoams and Zodiac Aerospace.
 

The product manufacturers are focusing on strategic partnerships and new product launches to gain competitive edge. For instance, In June 2017, Esterline Corporation acquired a four-year agreement worth USD 31 Million with KLX Inc. for providing clamping solutions with the support of Boeing Services. The products to be supplied include various wire management and clamping and solutions for Boeing’s Military war-fighters, such as F-15, F/A -18, C-17, and F-22.
 

The aerospace insulation market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tonnes and revenue in USD million from 2016 to 2026, for the following segments:
 

Market, By Product

  • Thermal insulation
  • Acoustic insulation
  • Vibration insulation
  • Electric insulation

Market, By Material

  • Foamed plastics
  • Ceramic material
  • Fiber glass
  • Mineral wool

Market, By Aircraft

  • Commercial aircraft
  • Military aircraft
  • Helicopters
  • Space
  • Others

Market, By Application

  • Engine
  • Airframe

Market, By Platform

  • Fixed wing
  • Rotary wing

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Russia
    • Netherlands
    • Sweden
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Singapore
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • Qatar
    • UAE
    • Bahrain
    • Oman
    • South Africa
       

Frequently Asked Questions (FAQ) :

North America market size is slated to register growth of over 5% between 2020 and 2026, propelled by the presence of major aerospace industry participants including, Boeing, Lockheed Martin, United Technologies, and Northrop Grumman.
Thermal insulation segment will witness around 5.5% growth rate till 2026, led by increasing utilization of heat insulation solutions and demand for energy conservation, passenger comfort, and improved aircraft performance.
The major market participants include, BASF SE, AVS Industries, 3M, Duracote Corporation, Boyd Corporation, DuPont, Esterline Technologies Corporation, Elmelin Ltd., Evonik Industries, Johns Manville, Insul.Tecno Group, Hutchinson, Polymer Technologies Inc., Orcon Aerospace, Rogers Corporation, Promat, ThermoDyne, UPF Corporation, Triumph Group, Zotefoams and Zodiac Aerospace.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 425
  • Tables: 819
  • Charts / Figures: 16
  • Companies covered: 16
  • Countries covered: 26

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