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Aerospace Insulation Market By Product, Material, Aircraft, Applications 2024 Global Players are Zodiac Aerospace, 3M, Hutchinson, BASF SE, DuPont, Esterline Technologies Corporation, Johns Manville, Evonik Industries, and Polymer Technologies.

09-26-2018 12:14 PM CET | Logistics & Transport

Press release from: Global Market Insights Inc.

Aerospace Insulation Market

Aerospace Insulation Market

Aerospace Insulation Market to surpass USD 5 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising demand for air traffic across the globe along with stringent government regulations pertaining to materials used in aircraft insulation with enhanced properties are driving the industry growth during the forecast period. Introduction of advanced materials such as aerogels and spider silk with enhanced hybrid properties will positively influence the industry share over the study timeframe.

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North America is anticipated to capture the maximum volume share of approximately 40% in the aerospace insulation industry over the projected timeframe. The presence of several industry participants coupled with the rising aircraft deliveries will play a key role in expanding the regional volume share.

Airframe segment is expected to generate around USD 3 billion over the projected timeframe. Increasing use of composites for reducing the aircraft weight is expanding the segment revenue share. The requirement for improved thermal, acoustic, and fire-resistant insulation panels for increasing passenger comfort and safety will accelerate the aerospace insulation market growth during the projected timeframe.

The aerospace insulation market share from commercial aircrafts will exhibit maximum volume share of over 180 kilo tons by 2024. Rising domestic and international air traffic globally owing to affordable fares coupled with increased aircraft production will provide a positive outlook for the industry over the forecast time frame.

Aerospace Insulation Market by Product

• Thermal insulation
• Acoustic insulation
• Vibration insulation
• Electric insulation

Aerospace Insulation Market by Material

• Foamed plastics
• Ceramic material
• Fiber glass
• Mineral wool

Aerospace Insulation Market by Aircraft

• Commercial aircraft
• Military aircraft
• Helicopters
• Space
• Others

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Shifting trend towards the development of lightweight airplanes accompanied with increasing demand from the military and commercial sector will positively influence the industry size over the study timeframe. Industry players are actively investing in R&D to introduce new products with modular functionalities and high recyclable content, providing a positive outlook for the aerospace insulation market share.

The electric insulation segment will exhibit a growth rate of approximately 11% between 2018 and 2024. This growth can be attributed to the increased usage of electrical components. The requirement for efficient thermal management to prevent short circuiting or overheating will positively influence the segment growth over the projected timeframe.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/aerospace-insulation-market

The ceramic material will capture the highest revenue share of approximately 52% over the study timeframe owing to the enhanced properties exhibited by ceramic including high tensile strength, chemical inertness, and increased melting temperatures. The rising adoption of ceramic in military and commercial sector is further escalating the aerospace insulation business share over the next six years.

The commercial aircrafts segment is predicted to account for the highest volume share till 2024. This dominance is credited to the increasing air passenger traffic owing to low cost fares. Moreover, rising aircraft production is positively affecting the segment dominance over the study timeframe.

3M, Hutchinson, BASF SE, DuPont, and Zodiac Aerospace are among the prominent players in the aerospace insulation market place. Other notable players include Esterline Technologies Corporation, Johns Manville, Evonik Industries, and Polymer Technologies Inc. Industry participants are mainly focusing on mergers and acquisitions to enhance their industry share. For instance, in November 2017, Evonik company acquired 3M’s high-concentrates additive compounding business. The acquisition enabled the company to expand its product portfolio in the solid additives business.

About Global Market Insights:

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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