Aircraft Insulation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aircraft insulation market size has grown strongly in recent years. It will grow from $8.08 billion in 2023 to $8.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to weight reduction, acoustic comfort, thermal efficiency, regulatory compliance, aircraft modernization.
The aircraft insulation market size is expected to see strong growth in the next few years. It will grow to $12.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to green aviation initiatives, electric aircraft, increased connectivity, cabin air quality, market expansion. Major trends in the forecast period include advanced lightweight materials, fire-resistant insulation, acoustic insulation innovations, thermal insulation improvements, smart insulation systems.
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Scope Of Aircraft Insulation Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aircraft Insulation Market Overview
Market Drivers –
An increase in demand for lightweight insulation materials is expected to propel the growth of the aircraft insulation market going forward. Lightweight insulation materials refer to the low thermal conductivity of the material, and it means that lesser thickness is needed than that of most other insulants for achieving a particular level of thermal performance. The lightweight insulation materials are a natural fit for aircraft insulation due to their light weight compared with other industrial materials. For instance, in July 2021, the University of Bath, a UK-based public university, developed a graphene oxide aerogel weighing 2.1 kg/m3 making it the lightest sound insulation ever manufactured. Therefore, the increase in demand for lightweight insulation materials is driving the growth of the aircraft insulation market.
The aircraft insulation market covered in this report is segmented –
1) By Type: Thermal Insulation, Acoustic And Vibration Insulation, Electric Insulation
2) By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
3) By Material: Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-Based Materials, Other Materials
4) By Application: Airframe, Propulsion System
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Regional Insights –
North America was the largest region in the aircraft insulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft insulation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the aircraft insulation market include BASF SE, AVS Industries Limited Liability Company, Minnesota Mining and Manufacturing Company, Duracote Corporation, Boyd Corporation, DuPont de Nemours Inc., Rogers Corporation, Elmelin Ltd., Evonik Industries AG, Johns Manville, Hutchinson SA,, Polymer Technologies Inc., Lamart Corporation, Safran S.A, Triumph Group Inc., Transdigm Group Inc., Zotefoams plc, Esterline Technologies Corporation, Zodiac Aerospace, Armacell International S.A., Unifrax I LLC, Cabot Corporation, Knauf Insulation, Owens Corning, Saint-Gobain S.A., Aeroflex Industries Limited, Autex Industries Ltd., Cellofoam North America Inc., Insul-Therm International Inc., Pacor Inc., Thermal Control Products
Table of Contents
1. Executive Summary
2. Aircraft Insulation Market Report Structure
3. Aircraft Insulation Market Trends And Strategies
4. Aircraft Insulation Market – Macro Economic Scenario
5. Aircraft Insulation Market Size And Growth
…..
27. Aircraft Insulation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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