The aerospace insulation market is likely to register substantial growth in the coming years due to constant innovations, increasing fleet sizes, projected rise in air traffic, and the subsequent rise in demand for commercial aircrafts. The aerospace industry relies heavily on lightweight material solutions regarding high temperature insulation.
Aircraft functions in extreme conditions and should meet certain basic operational as well as safety standards with regards to both weight and temperature specifications, and overall performance as well. While safety is the topmost priority regarding commercial air travel, comfort also takes up a significant portion of the industry focus. Which is why temperature regulation is important to the aviation sector.
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Growing commercial and regional air fleet is expected to boost aerospace insulation demand in coming years. Reports indicate that global aerospace insulation market is expected to exceed US$3.5 billion by 2026 in terms of annual valuation.
High demand for acoustic insulation in aircraft
Acoustic insulation plays a very vital role to reduce the outer noise level caused by engines and aerodynamics, and this segment is expected to surpass annual revenues US$375 million by 2026.
Fiber glass is extensively used to maintain aircraft’s core strength that comprises of interior fuselage structure. With rising demand for aircraft manufacturing and substantial uses of materials and equipment used in it, such as thermal and acoustic insulation will trigger aerospace insulation market growth in forecasted time period.
Increased air traffic in Europe and Asia Pacific
Economic development in Asia Pacific region is quite evident over the past few years, particularly before the COVID-19 outbreak in 2020. The rise in buying power of working-class, surge in mode of travelling through air and demand for low-cost aircraft are some major factors behind an increased air traffic in this region. By adding-up more than half new air passengers as per IATA (International Air Transport Association), in coming two decades, Asia Pacific is expected to drive the global aviation sector growth.
With rising air traffic and transportation through air owing to continuous research and development related work in Europe will trigger the regional aerospace insulation industry forecast. The region is also home to some of the leading aircraft and aerospace component manufacturers, indicating considerable prospects over the coming years, post the economic impacts of the coronavirus.
Impact of rotary and fixed wing aircraft segments
The aircrafts with rotary wings fly at lower altitude as compared to fixed wings aircrafts that fly at higher altitude. As per the forecast, revenues for aerospace insulation market from rotary wing aircraft is expected to expand at a CAGR of 7.5% from 2020 to 2026. In both developed and developing countries, the helicopter fleet size is mostly driven by the military and defense applications.
Rising demand and usage in ancillary ground support equipment, cabin and interior application, noise control insulation material for thermal and acoustic application will propel the product adoption across fixed wing aircraft.
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Major providers of aircraft insulation worldwide include Elmelin Ltd., Johns Manville, Evonik Industries, 3M, AVS Industries, Boyd Corporation, Hutchinson BASF SE, Duracote Corporation, Esterline Technologies Corporation, DuPont and Tecno Group.
Fostered by globalization, rise in industrialization and international trade has made this world a global economic village. But without sustainable mode of transportation these economic activities cannot prosper for a longer period. To ease the flow of product logistics, conduct commercial and economic activities, aerospace sector plays a pivotal role and will create a sustained demand for insulation materials.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2. Base estimations & working
1.2.1. North America
1.2.3. Middle East & Africa
1.3. Forecast calculation
1.3.1. COVID-19 impact calculations on industry forecast
1.4. Data sources
22.214.171.124. Paid sources
126.96.36.199. Public sources
Chapter 2 Aerospace Insulation Market Summary
2.1 Aerospace insulation industry 3600 synopsis, 2016 – 2026
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Material trends
2.1.4 Aircraft trends
2.1.5 Application trends
2.1.6 Platform trends
2.1.7 Regional trends
Chapter 3 Aerospace Insulation Market Insights
3.1 Industry segmentation
3.2 Industry landscape, 2016 – 2026
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.3 Profit margin analysis
3.3.4 Distribution channel analysis
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