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Aerospace Insulation Market | Industry Analysis, Research with companies are Hutchinson, DuPont, Evonik, BASF, 3M, Zodiac Aerospace, Triumph Group
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1.3M
2. AVS Industries
3. BASF SE
4. Boyd Corporation
5. Duracote Corporation
6. E. I. du Pont de Nemours and Company (DuPont)
7. Elmelin Ltd.
8. Esterline Technologies Corporation
9. Evonik Industries
10. Hutchinson
11. Insul.Tecno Group Srl
12. Johns Manville
13. Orcon Aerospace
14. Polymer Technologies Inc.
15. Promat
16. Rogers Corporation
17. ThermoDyne
18. Triumph Group
19. UPF Corporation
20. Zodiac Aerospace
21. Zotefoams
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Electric aerospace insulation market share is expected to witness the highest CAGR at over 11% from 2018 to 2024. This growth can be credited to the increasing number of electrical components in aircrafts. Thus, the requirement of efficient temperature management for preventing overheating and short circuiting will support the segment dominance over the next six years.
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.
The fixed wing segment generated more than USD 2 billion in 2017 owing to increasing usage of materials for thermal & acoustic insulation purposes, ancillary ground support equipment, and cabin interior will augment the segment size. The proliferating deployment of aircraft weather protection covers will accelerate product dominance over the forecast time span.
North America is set to capture maximum industry volume share of around 40% over the projected time line. Increasing aircraft production and deliveries owing to rising air traffic and the presence of multiple industry players in the U.S. are expanding the regional aerospace insulation market share till 2024.
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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.
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