What’s driving the Aerospace Insulation Market Growth? | Key Players are Esterline Technologies Corporation, Johns Manville, Evonik Industries, and Polymer Technologies Inc
Increasing air traffic globally coupled with tightening government regulations regarding the materials used will drive the aerospace insulation market over the forecast timeframe. Evolution of enhanced materials such as spider silk and aerogels with improved hybrid properties will further augment the business share.
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3 Aerospace Insulation 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 Profit margin analysis
3.3.4 Distribution channel analysis
3.3.6 Vendor matrix
3.4 Technology landscape
3.4.2 Glass fiber
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
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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.
Several government bodies globally including EASA and FAA are standardizing norms for increasing passenger safety. For instance, the EASA has authorized the retrofitting of improved acoustic, thermal, and fire-resistant insulation panels for flights in-service expanding the revenue share over the forecast timeframe. However, high labor cost and technology constraints for recycling may negatively impact the aerospace insulation market during the forecast period.
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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 major aerospace insulation market players include Hutchinson, 3M, BASF SE, Zodiac Aerospace, and DuPont. Other notable players include Johns Manville, Polymer Technologies Inc., Esterline Technologies Corporation, and Evonik Industries. Mergers and acquisitions are among the prominent strategies adopted by industry participants to enhance their industry foothold. For instance, in 2017, Evonik Industries acquired the additive compounding business from 3M for expanding its solid additive business portfolio.
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