Aerospace Insulation Market - Opportunities in Key Application Sectors by 2024Aerospace insulation market from airframe is expected to cross 180 kilo tons by 2024. The segment registered the revenue share of over 70% in 2016 and is expected to maintain its dominance in the forecast timeframe. Frequent advancements in usage of lightweight materials have drastically changed component’s structure composition, escalating the revenue generation. High deployment of composites in commercial aircrafts have induced immense potential to the industry size owing to development of various aero-structures.
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Aerospace Insulation Market size is estimated to surpass USD 5 billion by 2024; according to a new research report by Global Market Insights, Inc. Global aerospace insulation is expected to cross 275 kilo tons till 2024. Rising need of developing lightweight aircrafts along with high demand from commercial and military industries will drive the industry growth over the coming years. Significant increase in air passenger traffic, especially in the developing countries will further boost the product demand. However, uncertainty in raw material availability coupled with recycling challenges may pose a threat to the industry manufacturers.
Manufacturers are continuously focusing on implementing fire resistant materials and advanced acoustics for enhancement of operational safety. Further, producers are trying to improve their distribution channel to strengthen their position in the industry. Looking forward, manufacturers have increased their production capacity coupled with investment in R&D to cater the rising demand for aerospace insulation globally.
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Thermal insulation is anticipated to capture almost 70% market share in the next eight years. High revenue generation is attributed to shifting consumer preference towards the product over its counterparts owing to reduced noise level and vibrations during flight hours. Low thermal conductivity that results in enhanced safety is another factor propelling the segment growth.Electric insulation will exhibit over 8% CAGR over the coming years owing to its advantages such as efficient management of composites that are temperature sensitive and avoidance of overheating.
Ceramic materials will dominate the aerospace insulation market share surpassing USD 2.5 billion over the forecast timeframe. High acceptance of material from military and commercial aircrafts will primarily drive the industry growth. Its usage as heat shields for fire protection and aircraft thermal insulation will support the business growth. High tensile strength, chemical inertness, and high melting temperature are the factors strengthening product penetration till 2024.
Some of major chapters from Table of Contents:
Chapter 2. Executive Summary
2.1. Aerospace insulation industry 3600 synopsis, 2013 - 2024
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
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Chapter 3. Aerospace Insulation Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.4. Technology landscape
3.5. Material analysis
3.5.1. Foamed plastics
3.5.3. Fiber glass
3.5.4. Mineral wool
3.6. Future material trends
3.6.1. Spider Silk Product
3.7. Regulatory landscape
3.7.1. North America
3.7.3. Asia Pacific
3.7.4. Latin America
3.8. Industry best practices & key buying criteria
3.9. Pricing analysis
3.9.1. Regional pricing
3.9.2. North America
3.9.4. Asia Pacific
3.9.5. Latin America
3.10. Cost structure analysis, 2016
3.11. Industry impact forces
3.11.1. Growth drivers, by region
22.214.171.124. Asia Pacific
3.11.2. Industry pitfalls & challenges
3.12. Innovation & sustainability
3.13. Growth potential analysis
3.14. Porter's analysis
3.15. Competitive landscape, 2016
3.15.1. Market share analysis
3.15.2. Strategic dashboard
3.16. PESTEL analysis
Fiber glass is poised to grow at over 6.5% till 2024. Rising need to maintain aircraft’s core strength comprising of internal fuselage structure will drive aerospace insulation market. Its usage in electric insulation for the aircraft structure and mechanical support will further escalate the revenue generation.
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Aerospace insulation market from commercial aircrafts will exhibit maximum share of over USD 3 billion over the next eight years. Air passenger traffic in Germany is expected to increase from 105 million in 2014 to over 175 million by 2030. Consistently rising local and international air traffic globally will instigate the demand from these aircrafts. Helicopters is set to grow at over 9% owing to high demand of insulation for noise reduction. Military aircrafts will grow substantially owing to increasing defense budget in various countries. For instance, allocated defense budget in U.S. will cross USD 820 billion by 2018.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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