Global Aircraft Insulation Market, By Type (Thermal Insulation, Acoustic and Vibration Insulation, Electric Insulation), Material (Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-Based Materials, Other), Application (Airframe, Engine, Commercial, Military, General Aviation), Platform (Fixed Wing, Rotary Wing) – Industry Trends and Forecast to 2029
Market Analysis and Size
The aircraft insulation industry is highly influenced by the fact that chemical and paint producers are experiencing a surge in demand for lightweight insulators for new aircrafts. Furthermore, the cost of composite materials is constantly declining, allowing aircraft manufacturers to utilize composites for aircraft insulation. Therefore, owing to such factors the market will flourish rapidly over forecasted period.
Global Aircraft Insulation Market was valued at USD 5.50 billion in 2021 and is expected to reach USD 8.81 billion by 2029, registering a CAGR of 6.06% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Aircraft insulation is basically used to improve aircraft thermal, fire-resistant, anti-vibration, acoustic, and electrical insulation. Aircraft insulation is significant because it serves a range of functions other than temperature/climate management. However, thermal insulation is essential because the outside temperature can drop to -60 degrees. Aside from pressurization, airplane insulation material helps to keep the cabin warm by filling the area between the inner wall and the fuselage. An ideal aeroplane insulation material contributes to a comfortable interior atmosphere by reducing noise and vibration.
Report Scope and Market 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 2019 - 2014)
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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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By Type (Thermal Insulation, Acoustic and Vibration Insulation, Electric Insulation), Material (Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-Based Materials, Other), Application (Airframe, Engine, Commercial, Military, General Aviation), Platform (Fixed Wing, Rotary Wing)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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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 (UK), Covestro AG (Germany), Triumph Group (U.S.), Armacell International SA (Luxembourg), Tex Tech Industries Inc., (U.S.), Transdigm Group, Inc. (U.S.), and Zotefoams plc (UK)
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Market Opportunities
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Aircraft Insulation Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Surging Demand For Aircraft Insulation
The rising demand for insulating materials is linked to advantages such as lower vibration and noise levels during flying hours. The rising usage of composites in commercial aircrafts will push the development of diverse aerostructures, resulting in significant industry potential. The increasing demand for lightweight insulating materials, combined with the spike in demand for composite materials from the General Aviation (GA) and business jet industries to reduce cabin noise, is likely to drive market expansion.
The enhanced user safety due to low thermal conductivity of materials and growing power generation across the globe will further propel the growth rate of the aircraft insulation market. Additionally, the increasing commercial aircraft deliveries and passenger traffic coupled with the low cost of the composite materials will also drive market value growth. The high demand for air transport and declining cost of composite materials and surging industrialization and urbanization are also projected to bolster the growth of the market.
Opportunities
- Advancements and Research and Developments
The factors such as the continuous advancements in the use of lightweight materials and availability of advanced acoustic and fire resistant materials extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Furthermore, investments in research and development of new materials in the aircraft insulation market have resulted in the development of advanced composite materials such as Polymer Matrix Composites (PMCs), Ceramic Matrix Composites (CMCs), and Metal Matrix Composites (MMCs), which will further expand the aircraft insulation market's future growth.
Restraints/Challenges
- Stringent Rules
The strict rules and norms associated with the use of insulation material are estimated to generate hindrances for the growth of the aircraft insulation market.
- Drawbacks Associated with Aircraft Insulation
Also, the various disadvantages of the aircraft insulation such as less shelf life along with the complexity associated with the recycling of composite material will prove to be a demerit for the aircraft insulation market. Therefore, these factors will challenge the aircraft insulation market growth rate.
This aircraft 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 aircraft 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.
COVID-19 Impact on Aircraft Insulation Market
The coronavirus outbreak has severely influenced the aviation insulation business by reducing market income. According to the International Air Transport Association, the global aviation industry has lost billions of dollars as a result of significant country limitations on air travel. Furthermore, the temporary closure of major aircraft manufacturing plants will significantly dampen market demand. Insulating materials' poor recyclability and a changing regulatory environment will limit the aircraft insulation market's growth.
Furthermore, to boost their consumer base, airlines are cutting ticket rates. The reduction in travel costs has resulted in increased traffic. As a result of the COVID-19 outbreak, the aerospace sectors are encountering delays in getting insulating materials from manufacturers due to material import and export restrictions. Aircraft production has been abruptly suspended, resulting in a major loss in the whole aerospace business. According to the International Air Transport Association (IATA), overall domestic flights have plummeted by 70%, resulting in a $314 billion loss of traveler income.
Global Aircraft Insulation Market Scope
The aircraft insulation market is segmented on the basis of type, material, application and platform. 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.
Type
- Thermal Insulation
- Acoustic and Vibration Insulation
- Electric Insulation
Material
- Foamed Plastics
- Fiberglass
- Mineral Wool
- Ceramic-Based Materials
- Other
Application
- Airframe
- Engine
- Commercial
- Military
- General Aviation
Platform
- Fixed Wing
- Rotary Wing
Aircraft Insulation Market Regional Analysis/Insights
The aircraft insulation market is analyzed and market size insights and trends are provided by country, type, material, application and platform as referenced above.
The countries covered in the aircraft 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, Israel, Egypt, South Africa, 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 aircraft insulation market because of the increased expenditure on technological and research and development programs within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth due to the increasing passenger traffic and adoption of various growth strategies by airlines within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Aircraft Insulation Market Share Analysis
The aircraft 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 aircraft insulation market.
Some of the major players operating in the aircraft insulation market are
- 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 (UK)
- Covestro AG (Germany)
- Triumph Group (U.S.)
- Armacell International SA (Luxembourg)
- Tex Tech Industries Inc., (U.S.)
- Transdigm Group, Inc. (U.S.)
- Zotefoams plc (UK)
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