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Aerospace Insulation Market Analysis | Players are Zodiac Aerospace, 3M, BASF, DuPont, Boyd Corporation, Duracote, Elmelin, Esterline Technologies, Evonik Industries, Hutchinson, Orcon Aerospace, Polymer Technologies, Promat, Rogers, ThermoDyne, Triumph,
Aerospace Insulation Market
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The ceramic material in aerospace insulation industry will capture the maximum revenue share of around 52% by 2024. The segment dominance can be attributed to the exceptional properties such as enhanced chemical inertness, tensile strength, and high melting temperatures. The increasing adoption from commercial and military sector is escalating the business size over the study timeframe.
Industry Growth drivers:
• Increasing air passenger traffic
• Strengthening of aircraft manufacturing sector
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
The introduction of low cost carriers accompanied with improving living standards in emerging nations are inducing growth in air travel. This has resulted in increased aircraft production and deliveries. Aircraft manufacturers are ramping up production activities to meet previous backlogs, further fueling the aerospace insulation market share till 2024.
The increasing focus on lightweight aircrafts in the commercial and military sector is boosting the aerospace insulation industry. Industry participants are increasingly investing in research activities for introducing light weight and cost competitive alternatives with high recyclable content and modular functionalities which will further strengthen the industry revenue over the forecast time span.
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.
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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 fixed wing segment in the aerospace insulation market share accounted for around USD 2 billion in 2017 due to the rising usage of various materials for ancillary ground equipment, acoustic & thermal insulation, and cabin interiors in such aircrafts. The increasing usage of weather protection covers will spur the segment dominance till 2024.
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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.
Key Companies in the Aerospace Insulation Market include 3M, AVS Industries, BASF SE, Boyd Corporation, Duracote Corporation, E. I. du Pont de Nemours and Company (DuPont), Elmelin Ltd., Esterline Technologies Corporation, Evonik Industries, Hutchinson, Insul.Tecno Group Srl, Johns Manville, Orcon Aerospace, Polymer Technologies Inc., Promat, Rogers Corporation, ThermoDyne, Triumph Group, UPF Corporation, Zodiac Aerospace, Zotefoams.
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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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Global Market Insights, Inc.
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