Global Aerospace Insulation Market, By Product (Thermal Insulation, Acoustic Insulation, Vibration Insulation, Electric Insulation), Material (Foamed Plastics, Ceramic Material, Fibre Glass, Mineral Wool), Aircraft (Commercial Aircraft, Military Aircraft, Helicopters, Space), Platform (Fixed Wing, Rotary Wing), Applications (Engine, Airframe) – Industry Trends and Forecast to 2029.
Aerospace insulation Market Analysis and Size
The selection of superior insulation aerospace materials is vital in the aerospace industry. It affects several aspects of the aircraft performance such as safety and reliability, lifecycle cost, recyclability, structural efficiency, flight performance, payload, energy consumption and disposability. The “plastic foams ” is the highest growing material because of its wide use in a cabin in mattresses and seat cushions to absorb heat, noise insulation, vibration and others during the forecast period. Moreover, the rise in fleet replacement, where old generation aircraft are being replaced with new-generation aircraft, is likely to benefit the market growth.
Data Bridge Market Research analyses that the aerospace insulation market is expected to undergo a CAGR of 4.70% during the forecast period. This indicates that the market value, which was USD 9.70 billion in 2021, would rocket up to USD 14.01 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Aerospace insulation Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Thermal Insulation, Acoustic Insulation, Vibration Insulation, Electric Insulation), Material (Foamed Plastics, Ceramic Material, Fibre Glass, Mineral Wool), Aircraft (Commercial Aircraft, Military Aircraft, Helicopters, Space), Platform (Fixed Wing, Rotary Wing), Applications (Engine, Airframe)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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3M (U.S.), DuPont (U.S.), BASF SE (Germany), Dow (U.S.), PPG Industries, Inc. (U.S.), Evonik Industries AG (Germany), Safran Group (France), Rogers Corporation (U.S.), Huntsman International LLC (U.S.), SOLVAY (Belgium), Saint-Gobain (France), Morgan Advanced Materials (U.K.), Covestro AG (Germany), Triumph Group (U.S.), Armacell International S.A. (Luxembourg), Tex Tech Industries Inc., (U.S.), Transdigm Group, Inc. (U.S.), and Zotefoams plc (U.K.)
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Market Opportunities
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Market Definition
Aerospace insulation is mainly used to improve aircraft fire-resistant, anti-vibration, acoustic, thermal and electrical insulation. Aerospace insulation is significant because it provides a wide range of functions other than climate or temperature management. However, thermal insulation is essential because outside temperature drops to -60 degrees. A perfect aerospace insulation material contributes to a comfortable interior atmosphere by decreasing vibration and noise.
Global Aerospace insulation Market Dynamics
Drivers
- Rising demand of plastic foam for aerospace insulation
The increasing demand for plastic foam is expected to propel the market's growth. The growing popularity of plastic foam-based aerospace insulation can be recognized due to its inexpensiveness, superior thermal resistance and relatively low vulnerability as compared to naturally derived aerospace insulation materials. Moreover, the increasing concerns regarding environmental sustainability and rapid growth in the use of recycled materials may positively affect the demand of the plastic foam and boost the growth of the aerospace insulation market.
- Surging demand for aircraft insulation
The increasing demand for insulating materials in aircraft insulation due to its advantages such as lower noise levels and vibration during flying hours. The increasing usage of composites in commercial aircrafts will drive the growth of diverse aero structures due to significant industry potential. The growing demand for lightweight insulating materials coupled with spike in demand for composite materials from the business jet and General Aviation (GA) industries to diminish cabin noise, is expected to drive the market expansion.
- Expansion of air tourism industry
The expansion of the air tourism industry is increasing the sales of commercial aircraft, which is anticipated to directly affect the sales of aerospace insulation materials. Several countries are investing more in the aviation sector to increase the air connectivity across all over the cities and other foreign countries, which is expected to fuel the growth of the aerospace insulation market.
Opportunities
- Growing research and developments activities and advancements
Some major factors such as increased availability of advanced acoustic and fire resistant materials and continuous advancements in the use of lightweight materials create profitable opportunities to the market players during the forecast period of 2022 to 2029. Moreover, investments in research and development of new materials in the aerospace insulation market have resulted in the growth of the advanced composite materials such as ceramic matrix composites (CMCs), polymer matrix composites (PMCS) and metal matrix composites (MMCS), which will further increase the growth of the aerospace insulation market in upcoming year.
Moreover, the increasing number of MRO activities along with the dominance of well-established aircraft manufacturers will further increase several opportunities for the growth of the aerospace insulation market during the forecast period.
Restraints/Challenges
- Disadvantages associated with aerospace insulation
The numerous weaknesses of the aerospace insulation such as less shelf life and the complication related to recycling composite materials will show to be a demerit for the aerospace insulation market. Thus, these factors will challenge the growth of the aerospace insulation market.
This aerospace insulation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aerospace insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Aerospace Insulation Market
The aerospace insulation material manufacturer mostly depends on the production activities shut down during this pandemic and disrupted the supply chain network. Most aerospace insulation manufacturers are under uncertainty about the normal plant activities to resume regularly due to this COVID-19 pandemic, which is majorly hampering the demand and supply network of the targeted company. Many problems have been created such as the closure of factories and the unavailability of workforce in the affected nations which ultimately has led to a main liquidity problem for the aerospace insulation manufacturer during this pandemic.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Aerospace Insulation Market Scope
The aerospace insulation market is segmented on the basis of product, material, aircraft, platform and applications. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Thermal Insulation
- Acoustic Insulation
- Vibration Insulation
- Electric Insulation
Material
- Foamed Plastics
- Ceramic Material
- Fibre Glass
- Mineral Wool
Aircraft
- Commercial Aircraft
- Military Aircraft
- Helicopters
- Space
Platform
- Fixed Wing
- Rotary Wing
Applications
- Engine
- Airframe
Aerospace Insulation Market Regional Analysis/Insights
The aerospace insulation market is analysed and market size insights and trends are provided by country, product, material, aircraft, platform and applications as referenced above.
The countries covered in the aerospace insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the aerospace insulation market in terms of market share. This is due to growing demand of fuel-efficient aircraft with development of the aerospace industry in this region. Also, the high rate of replacement for regional aircraft is fuelling the growth of the matured aerospace industry, which is anticipated to increase the aircraft insulation demand.
Europe will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the growing number of aircraft manufacturing industries in these regions. Furthermore, emerging markets in the Asia Pacific, such as China, India, and Japan, are mainly fuelling the growth of the aerospace industry. The increasing emergence of aircraft manufacturing industry is expected to drive the demand for the aerospace insulation in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aerospace Insulation Market Share Analysis
The aerospace insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aerospace insulation market.
Some of the major players operating in the aerospace insulation market are:
- 3M (U.S.)
- DuPont (U.S.)
- BASF SE (Germany)
- Dow (U.S.)
- Safran Group (France)
- Rogers Corporation (U.S.)
- Huntsman International LLC (U.S.)
- SOLVAY (Belgium)
- Saint-Gobain (France)
- Morgan Advanced Materials (U.K.)
- Covestro AG (Germany)
- Triumph Group (U.S.)
- Armacell International SA (Luxembourg)
- Tex Tech Industries Inc., (U.S.)
- Transdigm Group, Inc. (U.S.)
- Zotefoams plc (U.K.)
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