Aircraft Insulation Market by Product (Thermal Insulation, Acoustic Insulation, Electric Insulation, and Vibration Insulation), Insulation Material (Mineral Wool, Ceramic-based Materials, Foamed Plastics, Fiberglass, and Others), Aircraft Type (Commercial Aircraft, Military Aircraft, and Helicopters), Application (Engine and Airframe): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026610 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 5.7 million mark in 2022 and is expected to hit US$ 8.5 million by 2030, recording a CAGR of 5.0% during the forecast period.

 

Aircraft insulation market has been significantly growing with the increasing their adoption in different aircrafts

Aircraft insulation is highly important as it serves various purposes beyond just temperature/climate control. Airplane insulation products are used to enhance acoustic, thermal, fire resistant, anti-vibration and electrical insulation properties. The blanket insulation material helps to control thermal and acoustical transmission in various aerospace applications, and it is particularly well suited for insulating the fuselage wall cavities of commercial and private aircraft. Due to all these advantages, the demand for aircraft insulating materials is growing at a rapid pace. The thermal insulation segment is expected to pace up with the increasing research and development activities to produce advanced lightweight and sustainable thermal insulation material. Further, other segments such as acoustic insulation, electric insulation, and vibration insulation are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into product, insulation material, aircraft type, application, and geography. By product, the market is further segmented into thermal insulation, acoustic insulation, electric insulation, and vibration insulation. On the basis of insulation material, the market is segmented into mineral wool, ceramic-based materials, foamed plastics, fiberglass, and others.  On the basis of aircraft type, the market is segmented into, commercial aircraft, military aircraft, and helicopters. On the basis of application, the market is segmented into engine and airframe. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Strong growth of the market in North America region

The rising production of aerospace equipment is creating the demand for aircraft insulation products in the region. Moreover, the factors such as upsurge in demand for lightweight insulation materials and increasing number of air travellers is fuelling the market growth in the region. Further, there is an increasing expenditure on technological and research and development activities within the region. This is positively impacts the aircraft insulation market growth.

Growth in air transport sector boosts aircraft insulation market

The air transport sector is growing at a faster rate and it is expected to continue like this over the next few years. As per the estimates from the International Air Transport Association (IATA), the demand for air transport is projected to increase by an average of 4.3% per annum till 2036. This significant growth in air transport demand will result in more aircraft demand. This, in turn, is expected to drive the demand for aircraft insulation products. Aerospace insulation products are used in aircrafts to increase the comfort and safety of the aircraft to travellers.

Recent strategic developments in aircraft insulation market

The aircraft insulation market has undergone several significant developments, and a few of these have been mentioned below:

  • In 2018, BASF SE has developed the world's first particle foam based on polyethersulfone.
  • In 2019, TransDigm Group Incorporated has successfully completed the acquisition of Esterline Technologies Corporation, a supplier of products to the global aerospace and defense industry. 

The aircraft insulation market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Rogers Corporation, BASF SE, Johns Manville, 3M, and TransDigm Group Incorporated are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Aircraft insulation related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Applications of aircraft insulation
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product
  • Thermal Insulation
  • Acoustic Insulation
  • Electric Insulation
  • Vibration Insulation
  • Insulation Material
  • Mineral Wool
  • Ceramic-based Materials
  • Foamed Plastics
  • Fiberglass
  • Others
  • Aircraft Type
  • Commercial Aircraft
  • Military Aircraft
  • Helicopters
  • Application
  • Engine
  • Airframe
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Rogers Corporation
  • BASF SE
  • Johns Manville
  • 3M
  • TransDigm Group Incorporated

The List of Companies
- Rogers Corporation
- BASF SE
- Johns Manville
- 3M
- TransDigm Group Incorporated

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