Publication Month: Aug 2022 | Report Code: TIPRE00018327 | No. of Pages: 175 | Category: Chemicals and Materials | Status: Published
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.
|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|
|No. of Pages||175|
|No. of Tables||114|
|No. of Charts & Figures||86|
|Historical data available||Yes|
|Segments covered||Product, Insulation Material, Aircraft Type, and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
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.
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.
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.
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.
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.