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Aerospace Insulation Market (By Type: Thermal Insulation, Acoustic & Vibration Insulation, Electric Insulation; By Material: Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-based Materials, Other Materials; By Application Area: Airframe, Engine; By Platform: Fixed Wing, Rotary Wing) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Published : Aug 2020

Report ID: ARC2095

Pages : 190

Format : Aerospace Insulation Market (By Type: Thermal Insulation, Acoustic & Vibration Insulation, Electric Insulation; By Material: Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-based Materials, Other Materials; By Application Area: Airframe, Engine; By Platform: Fixed Wing, Rotary Wing) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Acumen research and consulting estimates that the global aerospace insulation market is anticipated to reach market size of around US$ 10,000 Mn by 2027 and is anticipated to grow at a CAGR of around 6% in terms of revenue during the forecast period 2020 – 2027. Aerospace insulation is defined as a method for sound and noise reduction, damage or control to improve and comply with the regulations.

Market Insights

Improved production of trade and military aircraft across the globe will fuel the demand for insulation in aerospace during the forecast period. Owing to the growing defense spending, the military industry has accelerated and the market for military aircraft grew further. For instance, in February 2018, by contrast to 2017, the U.S. defense budget has increased by around U.S$ 80 Bn. Increasing demand for lightweight, thermal, acoustic and electrical insulation products providing compliance with Federal Aviation Administration (FAA) minimum requirements will boost product demand. Product production will increase. More industrial growth has led to a transition in loyalty to air transport and faster aircraft services, which has led to more drug penetration.

In addition, innovations in insulation materials are constantly being seen by the industry as high thrust turbofan engines are increasingly needed. The shifting from the conventional West to the developing countries would provide the aerospace insulation marketplaces with secure prospects for development. Higher quality materials are required to satisfy the aerospace standards for the manufacturing of products. Participants in industries face the challenge of quality accreditation that can hinder the development of the market. Furthermore, recyclability issues with composite separation will threaten the growth of industry. In order to improve the overall product quality and reduce aircraft weight, however, industry players invest significantly in R&D.

Report coverage

The market research study on “Aerospace Insulation Market (By Type: Thermal Insulation, Acoustic & Vibration Insulation, Electric Insulation; By Material: Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-based Materials, Other Materials; By Application Area: Airframe, Engine; By Platform: Fixed Wing, Rotary Wing) - Global Industry, Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global aerospace insulation market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global aerospace insulation market are type, material, application area, platform, and major geographic regions. The aerospace insulation market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

North America held the largest share of global aerospace insulation market in 2019. Due to the increasing fuel efficient fuel prices in the country, a increase in demand is expected in the next couple of years. The growth of the mature aerospace industry, which will in effect boost the demand for aircraft insulation in the forecasted era, has been fuelled by high substitution levels mainly for regional aircraft. The presence of major manufacturers involved in trade, military and commercial jets means that Europe is a significant regional market. The increasing use of aerospace insulation is expected to increase regional market growth over the projected timeframe in Germany, France, Great Britain, and other European aviation manufacturing countries. In the Asia-Pacific region, emerging economics, including China, India and Japan, largely boost the growth of the aerospace industry as an aerospace industry emerges and, in turn, the need for aerospace insulation in the region is expected to boost throughout the forecast period. Brazil is one of the world's leading aircraft production competitors. Embraer is one of Brazil’s leading aircraft manufactures and is expected to raise demand in Central and South America. Increased numbers of air travelers in the area and new orders are expected to sustain them in the planned timeframe. Aerospace separation demand is expected to increase over time.

Key Players

Major players included in this report are Evonik Industries, Boyd Corporation, AVS Industries, 3M, Zotefoams, BASF, Duracote Corporation, Elmelin Ltd., DuPont, Esterline Technologies, Hutchinson, Jhons Manville, Orcon, Polymer Technologies, Promat, Thermodyne, Triumph Group, UPF Corporation, Rogers Corporation, Zodiac, and others. The protection of passengers and crews from frigid and motor noise on a high altitude plays an important role in the airplane insulation. The layer resists the penetration of fire and improves flame retardance in the event of an accident. The OEMs also use small materials to reduce weight and increase fuel efficiency.

The global aerospace insulation market is segmented as below:

Market Segmentation

Aerospace Insulation Market By Type

Thermal Insulation

Acoustic & Vibration Insulation

Electric Insulation

Aerospace Insulation Market By Material

Foamed Plastics

Fiberglass

Mineral Wool

Ceramic-based Materials

Other Materials

Aerospace Insulation Market By Application Area

Airframe

Engine

Aerospace Insulation Market By Platform

Fixed Wing

Rotary Wing

Aerospace Insulation Market By Geography

North America

  • U.S
  • Canada

Europe

  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Frequently Asked Questions

What is the main driver of aerospace insulation market?

Strengthening of aircraft manufacturing sector is expected to drive the growth of the aerospace insulation market.

Which factor restrains the growth of aerospace insulation market?

Changing regulatory scenario and low recyclability of insulation materials is a major factor expected to restraint the growth of the market.

What will be the market value of aerospace insulation in 2027?

The market value of aerospace insulation is anticipated to be around US$ 10,000 Mn in 2027.

What will be the CAGR of aerospace insulation market?

It is anticipated to grow around 6% CAGR amid the forecast period.2020-2027

Who are the key players in the market?

The key players operating in aerospace insulation markets are Evonik Industries, Boyd Corporation, AVS Industries, 3M, Zotefoams, BASF, Duracote Corporation, Elmelin Ltd., DuPont, Esterline Technologies, Hutchinson, Jhons Manville, Orcon, Polymer Technologies, Promat, Thermodyne, Triumph Group, UPF Corporation, Rogers Corporation, Zodiac, and others.

Which region is projected to grow at a fastest rate during the forecast period?

Asia Pacific is projected to grow at a fast pace during forecast period from 2020-2027.

Which region held the maximum share of the aerospace insulation market?

North America held maximum share in 2019.

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