Press release
Aerospace Insulation Market By Companies - 3M, BASF, DuPont, Esterline Technologies Corporation, Evonik, Hutchinson, Triumph Group, Zodiac Aerospace
Aerospace Insulation Market
Aerospace Insulation Market is estimated to exhibit around 7.5% CAGR with USD 5 billion by 2024.
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The airframe segment is predicted to generate over USD 3 billion by 2024. The increasing innovations to reduce weight of aircrafts by using advanced composites is driving the segment revenue. The need for enhanced fire resistant, acoustic, and thermal insulation for increasing passenger safety and comfort are supporting the aerospace insulation market share over the study time frame.
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
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
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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.
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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.
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