Press release
Aircraft Insulation Materials Market is expected to reach USD 39.33 billion, Size, Trends, Growth, Global Demands, Comprehensive Analysis and Forecast 2029
Aircraft Insulation Materials Market Overview:Aircraft insulation materials are used in passenger aircraft to provide thermal and acoustic insulation. This is due to the vast temperature differences that an aircraft experiences; for example, the thermal environment out of an aeroplane generates fuselage skin temperatures ranging from about -60F in-flight at altitude to about +160F when parked in direct sunlight in the desert. As a result, aircraft insulation materials are critical. Most of the time, the material used to provide these properties is fibreglass batting encased in a plastic pillowcase covering.
The global Aircraft Insulation Materials market was valued at USD 20.007 billion in 2020 and is expected to reach USD 39.33 billion by 2029, registering a CAGR of 7.8% from 2022-2029.
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The aircraft insulation market is being driven by an increase in demand for lightweight insulation materials. In addition, an increase in commercial aircraft deliveries and passenger traffic drives market growth. However, backlogs in aircraft orders limit the aircraft insulation market's growth. The general aviation industry's increased demand for composite materials is expected to boost demand for aircraft insulation in the near future.
Aircraft Insulation Materials Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are DuPont, Triumph Group Inc., Esterline Technologies Corporation, BASF SE, Zotefoams Inc., Duracote Corporation, Polymer Technologies Inc., Morgan Advanced Materials, InsulTech LLC, and Zodiac Aerospace and Others
Recent Development
In September 2019, BASF SE developed particle foam based on polyethersulfone (PESU). The foam offers various features such as flame retardancy, high-temperature resistance, and lightweight.
In March 2019, Transdigm Group, Inc. acquired Esterline Technologies Corporation (US), a manufacturer of aircraft parts & components, machine tool systems, aircraft insulation systems, and automated drilling products. The acquisition enabled Transdigm Group, Inc. to strengthen its position in the global aircraft insulation market.
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Aircraft Insulation Materials Market Segmentation:
Aircraft Insulation Materials Market by Insulation Type, 2022-2029 (In USD Million, Kilotons)
Thermal Insulation
Acoustic & Vibration Insulation
Electric Insulation
Aircraft Insulation Materials Market By Materials, 2022-2029 (In USD Million, Kilotons)
Foamed Plastics
Fiberglass
Mineral Wool
Ceramic-Based Materials
Others
Growth Factors:
Increasing demand from the Aircraft Insulation Materials industries
The growing use of Aircraft Insulation Materials in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Aircraft Insulation Materials Market
Aircraft Insulation Materials Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Aircraft Insulation Materials Market Trends
- The report identifies, determines, and forecasts the Global Aircraft Insulation Materials Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Aircraft Insulation Materials Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Aircraft Insulation Materials Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Aircraft Insulation Materials Market.
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Frequently Asked Questions
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