Aerospace Insulation Market Analysis

Aerospace Insulation Market Analysis

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.

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.

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.
 

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 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 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.