The aerospace insulation market is expected to grow from US$ 5,731.28 million in 2022 to US$ 7,633.23 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2022 to 2028.
Aerospace insulation refers to the material installed in the aircraft to improve safety and comfort levels. Functions of the aircraft in severe climatic conditions should adhere to certain fundamental operations as well as safety measures concerning both weight and temperature terms and overall performance. Due to advantages, such as lower vibration and noise levels during flying hours, the demand for insulating materials is growing at a rapid pace. The rising usage of composites in commercial aircraft is expected to push the development of diverse aerostructures, resulting in substantial industry potential. The increasing demand for lightweight insulating materials and composite materials in the commercial aircraft and business jet industries to reduce cabin noise is likely to drive the market over the next few years.
Aerospace insulation plays a crucial role in protecting crew and passengers from generator noise and freezing temperatures at higher elevations. The rising demand for lightweight fleet, new generation, and fuel-efficient aircraft with the increasing importance of reducing emissions is expected to increase aircraft production. The significant development of the travel industry in emerging markets and the increasing number of passengers for international and domestic travel are the major factors driving the global aerospace insulation market. For instance, according to the International Air Transport Association (IATA), the total demand for air travel in April 2022 increased by 78.7% compared to April 2021.
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Aerospace Insulation Market: Strategic Insights
Market Size Value in US$ 5,731.28 Million in 2022 Market Size Value by US$ 7,633.23 Million by 2028 Growth rate CAGR of 4.9% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Aerospace Insulation Market: Strategic Insights
| Market Size Value in | US$ 5,731.28 Million in 2022 |
| Market Size Value by | US$ 7,633.23 Million by 2028 |
| Growth rate | CAGR of 4.9% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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According to the Federal Aviation Administration (FAA), all commercial aircraft must have thermal and acoustic insulation. These insulators ensure that passengers' comfort is not affected by exterior temperature variations and that excessive noise the aircraft creates does not interfere with communication. Such stringent regulations encourage aircraft manufacturers to use insulation material in aircraft, boosting the aerospace insulation market.
Many aerospace insulation manufacturers such as Zotefoams are developing lightweight aerospace building materials to increase fuel efficiency and sustainability. Thermal and acoustic insulation protects against excessive noise and temperature in most aircraft. Thermal and acoustic insulation is a unique high-performance fiber enclosed in an aircraft-rated plastic covering that holds the insulating materials together while also functioning as a moisture barrier.
Aerospace Insulation Market Forecast, by Region, during 2021–2028
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Market Insights
Growth in Air Transport Sector Boosts Aerospace Insulation Market
The air transport sector is expanding fast and is expected to continue like this over the next few years. According to the International Air Transport Association (IATA) estimate, the demand for air transport is expected to increase by an average of 4.3% per annum till 2036. If this growth is achieved by 2036, the air transport industry is expected to contribute 15.5 million direct jobs and US$1.5 trillion of GDP to the world economy during the forecast period. Such significant growth in air transport demand will lead to more aircraft demand. Aerospace insulation is used in aircraft to increase the comfort and safety of the aircraft and travelers, which is expected to propel the aerospace insulation market during the forecast period. Further, the cost of composite materials is continuously declining, allowing aircraft manufacturers to utilize composites for aerospace insulation. Therefore, due to such factors, the market will flourish rapidly over the forecast period.
Product Insights
Based on product, the aerospace insulation market is segmented into thermal insulation, acoustic insulation, electric insulation, and vibration insulation. In 2021, the thermal insulation segment dominated the market and is expected to grow at a faster CAGR during the forecast period. Increased research and development activities to produce advanced lightweight and sustainable thermal insulation material is boosting the growth of the thermal insulation segment during the forecast period.
Aerospace Insulation Market Share, by Product – during 2021–2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
3M; TransDigm Group Incorporated; Triumph Group, Inc.; Johns Manville; Morgan Advanced Materials Plc; Polymer Technologies Inc.; Duracote Corporation; Rogers Corporation; DuPont; and BASF SE are the key players operating in the aerospace insulation market. The leading players adopt several strategies, such as mergers & acquisitions and product launches, to expand their geographic presence and consumer base.
Report Spotlights
- Progressive trends in the aerospace insulation industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the global aerospace insulation market from 2021 to 2028
- Estimation of the demand for aerospace insulation across various industries
- Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the aerospace insulation industry
- Recent developments to understand the competitive market scenario and the demand for aerospace insulation
- Market trends and outlook coupled with factors governing the growth of the aerospace insulation market
- Understanding the strategies that underpin commercial interest with regard to the market growth, aiding in the decision-making process
- Aerospace insulation market size at various nodes of market
- Detailed overview and segmentation of the market as well as its industry dynamics
- Aerospace insulation market size in various regions with promising growth opportunities
The "Aerospace Insulation Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on the market trend analysis. The report aims to provide an overview of the market with detailed segmentation. The aerospace insulation market is segmented on the basis of product, insulation material, aircraft, and geography. Based on product, the market is segmented into thermal insulation, acoustic insulation, electric insulation, and vibration insulation. Based on insulation material, the market is segmented into mineral wool, ceramic-based materials, foamed plastics, and fiberglass & others. Based on aircraft, the market is segmented into engine and airframe. Based on geography, the market is segmented into five main regions North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, North America dominated the market. However, Asia Pacific is expected to register the highest CAGR in the market during the forecast period.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Insulation Material, Aircraft Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global aerospace insulation market are Duracote Corporation, Rogers Corporation, DuPont, BASF SE, 3M, TransDigm Group Incorporated, Triumph Group Inc., Johns Manville, Morgan Advanced Materials Plc, and Polymer Technologies Inc.
The key factors that drive the aerospace insulation market include growing passenger & freight traffic in the world, a rise in MRO activities, and an increase in fleet replacement rates. The rising demand for lightweight fleet, new generation, and fuel-efficient aircraft with the increasing emphasis on reducing emissions is expected to drive aircraft production. The growth in the development of the travel industry in emerging markets, coupled with the increasing number of passengers for outbound and domestic travel, are some of the major factors driving the growth of aerospace insulation.
In 2021, the thermal insulation segment accounted for the largest market share. Lightweight fiberglass, insulation, and thin film bagging material make up aircraft thermal insulation. It is an insulation which is utilized all through an airplane’s fuselage: reduces noise, and protects from heat or cold.
In 2021, North America accounted for the largest share of the global aerospace insulation market. North America has a surge in demand for fuel-efficient engines. The largest aircraft delivers are also located in North America, along with the largest defense spending in the world. These factors are a reason that the region holds the largest share. The product manufacturers are also focusing on increased mergers to gain competitive edge.
On the basis of aircraft, commercial aircraft is the fastest growing segment. It is growing at a CAGR of 5.0% during the forecast period 2022-2028. Commercial aircrafts pays more attention to the comfort of cabin to provide comfort to its customers, so to maintain a balance in weather inside the cabin it is covered with a layer of fiberglass insulation.
On the basis of insulation material, ceramic-based materials is the fastest growing segment. It is expected to grow at a CAGR of 5.3% during the forecast period. The ceramic-based materials' applications make it suitable for aircraft and space exploration vehicles. They provide an electrical insulation, which acts as a very important factor in aircraft to avoid electromagnetic interference and makes the communication smoother between the pilot and ground control.
The List of Companies - Aerospace Insulation Market
- Duracote corporation
- Rogers Corporation
- DuPont
- BASF SE
- 3M
- TransDigm Group Incorporated
- Triumph Inc.
- Johns Manville
- Morgan Advanced Materials Plc
- Polymer Technolgoies Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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