Aerospace Insulation Global Market Report 2024

Aerospace insulation encompasses specialized physical and chemical products, including precision particles, strategically utilized throughout aircraft for purposes such as noise reduction, heat or cold insulation, and moisture barrier reduction. This insulation is designed to exhibit specific physical characteristics, durability, and dimensional configurations essential for maintaining consistent operating temperatures in aerospace applications.

The primary types of aerospace insulation products include thermal, acoustic, vibration, and electric insulation. Thermal insulation involves the use of lightweight fiberglass, insulation, and thin-film bagging material applied to the entire fuselage of the aircraft. Materials such as foamed plastics, ceramics, fiberglass, and mineral wood are employed in the insulation process, strategically placed near the engine and within the airframe. Aerospace insulation materials find applications in various aircraft types, including commercial aircraft, military aircraft, and helicopters.

The aerospace insulation market research report is one of a series of new reports that provides aerospace insulation market statistics, including aerospace insulation industry global market size, regional shares, competitors with a aerospace insulation market share, detailed aerospace insulation market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace insulation industry. This aerospace insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aerospace insulation market size has grown rapidly in recent years. It will grow from $7.82 billion in 2023 to $8.62 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth observed in the historic period can be attributed to several factors, including regulatory requirements, the ageing fleet of aircraft, increasing global trade and cargo demand, a rise in defense budgets, and the overall growth of the aviation industry. These combined factors have played a significant role in shaping the positive trajectory witnessed during that time.

The aerospace insulation market size is expected to see strong growth in the next few years. It will grow to $12.41 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The anticipated growth in the forecast period can be attributed to various factors, including a focus on climate change mitigation, the ongoing electrification of aviation, emerging markets, increased investments in research and development, and a rise in import and export activity. Key trends expected during this period encompass the adoption of energy-efficient insulation, the development of customized insulation solutions, the integration of eco-friendly insulation materials, the use of lightweight insulation materials, and advancements in improved fire resistance. These trends reflect the industry's efforts to align with environmental goals, enhance efficiency, and meet evolving market demands.

The growth of the aerospace insulation market is being driven by the increasing aircraft manufacturing activities. The aviation sector serves as a global transportation network, facilitating economic growth, employment opportunities, and the promotion of international trade and tourism. With a surge in demand for both passenger and freight air transport, coupled with the robust need for new aircraft, competition among aircraft manufacturers has intensified. This expansion has led to the further penetration of companies into the aerospace industry. For instance, Airbus reported in January 2022 that it achieved 611 aircraft deliveries in 2021, marking an 8% increase compared to the 566 deliveries in 2020. This not only showcases the strength of Airbus's entire product line but also reflects the growing confidence in the market. Consequently, the rise in aircraft manufacturing and deliveries is expected to drive the growth of the aerospace insulation market.

The increasing number of air passengers worldwide is poised to propel the aerospace insulation market forward. Air passengers are individuals who travel by air, typically aboard commercial airlines or private aircraft. Aerospace insulation plays a crucial role in aviation and aircraft by ensuring temperature control, noise reduction, and enhanced fire resistance, thus contributing to passenger comfort and safety. As of 2021, the World Air Transport Statistics (WATS) database, maintained by a Canada-based transport association with data from over 250 international airlines, reported a 28.1% increase in the total number of passengers carried on scheduled services, reaching 2.3 billion in 2021 compared to the previous year. This growth in air travel is driving the demand for aerospace insulation, thus fostering the market's growth.

A key trend in the aerospace insulation market is technological advancement. Major companies operating in this sector are dedicated to providing technologically advanced solutions to strengthen their market positions. These companies are incorporating cutting-edge aerospace insulation solutions into their products, such as soundproofing, heat-shielding materials, antimicrobial plastics, thermoplastics, ultra-lightweight thermal and acoustic insulation, melded microporous insulation, and more, to prevent heat loss from the engine. For example, in January 2023, Aerogel Core Ltd., a UK-based engineering company, launched ultra-light 'aerogels' insulation, suitable for use as soundproofing and heat-shielding materials in the aerospace and automotive industries. These innovations contribute to the development of the aerospace insulation market.

Companies in the aerospace insulation market are embracing a strategic partnership approach to create scalable insulation solutions. These strategic alliances involve the synergistic use of resources and strengths to achieve mutually beneficial outcomes. For example, in March 2021, Hutchinson SA, a French aerospace company, joined forces with va-Q-tec AG, a U.S.-based thermal energy company. This collaboration is geared towards developing scalable insulation solutions for eMobility vehicles and aerospace cabins. The focus areas include vibration control, fluid management, sealing technologies, and enhancing thermal and insulation management.

In May 2022, TransDigm Group Incorporated, a U.S.-based aerospace and defense company specializing in thermal protection, insulation, lighting and control technology, and more, successfully completed its acquisition of DART Aerospace for an approximate sum of $360 million. This strategic acquisition is part of TransDigm's expansion strategy and aims to broaden its product offerings. DART Aerospace, headquartered in Canada, specializes in aerospace mission-critical equipment, related services, replacement parts, and tools, providing an opportunity for TransDigm to enhance its product portfolio

Major companies operating in the aerospace insulation market include BASF SE, AVS Industries Inc., 3M Company, Duracote Corporation, Boyd Corporation, Rogers Corporation, E. I. du Pont de Nemours and Company, Elmelin Ltd., Esterline Technologies Corporation, Evonik Industries AG, Johns Manville Corporation, Hutchinson SA, Polymer Technologies Inc., Orcon Aerospace Inc., Promat International NV, ThermoDyne Inc., UPF Corporation, Triumph Group Inc., Zotefoams PLC, Zodiac Aerospace SAS, Morgan Advanced Materials PLC, TransDigm Group Incorporated, PPG Aerospace a business unit of PPG Industries Inc., Unifrax I LLC, Armacell International S.A., Gencoa Ltd., Hi-Temp Insulation Inc., Insul-Therm International Inc., Thermal Control Products Inc., Thermal Structures Inc.

North America was the largest region in the aerospace insulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace insulation market share during the forecast period. The regions covered in the aerospace insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the aerospace insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The aerospace insulation market consists of sales of aerospace insulation used for mechanical protection and flexural strength. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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