Press release
Aerospace Insulation Industry Growth Outlook: 8.7% CAGR and $12.91 Billion by 2029
Aerospace Insulation
What Is the Long-Term Growth Forecast for the Aerospace Insulation Market Size 2025?
There has been significant expansion in the aerospace insulation market size in recent periods. It is set to increase from a value of $8.45 billion in 2024 to a value of $9.23 billion in 2025, showing a compound annual growth rate (CAGR) of 9.3%. Regulatory necessities, the aging aircraft fleet, global commerce and the necessity for cargo, an increase in the defense budget, and the aviation industry's growth are all factors that contributed to the historical period's growth.
What CAGR is Forecasted for the Aerospace Insulation Market Through 2029?
We anticipate a significant rise in the aerospace insulation market size in the coming years. It will escalate to $12.91 billion by 2029, with a compound annual growth rate (CAGR) of 8.7%. Various factors contribute to this growth during the forecast period, such as climate change mitigation, electrification of the aviation sector, budding markets, a boost in research and development investments, and an uptick in import-export activities. Energy-efficient insulation, custom-made insulation solutions, green insulation, weight reduction in insulation materials, and enhanced fire resistance are among the major trends forecasted for this period.
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What Are the Critical Factors Driving Aerospace Insulation Market Development?
There is an anticipation of an escalated growth in the aerospace insulation market owing to escalating aircraft production. Aviation contributes to international trade and tourism, boosts economic growth, and creates jobs by offering a speedy global transport network. The soaring demand for air transport for passengers and freight, complemented by a robust demand for new aircraft, has led to heightened competition among aircraft manufacturers. This expansion has paved the way for companies to venture into the aerospace sector. For example, in January 2024, Airbus, a Dutch-based aircraft producer, announced that they had delivered 735 commercial aircraft in the preceding year, reflecting an 11% hike compared to 2022. Hence, the surge in aircraft production and consequent deliveries are set to fuel the expansion of the aerospace insulation market.
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How Does the Aerospace Insulation Market Break Down Across Major Segments?
The aerospace insulation market covered in this report is segmented -
1) By Product: Thermal Insulation, Acoustic Insulation, Vibration Insulation, Electric Insulation
2) By Material: Foamed Plastics, Ceramic Material, Fiber Glass, Mineral Wool
3) By Application: Engine, Airframe
4) By Aircraft: Commercial Aircraft, Military Aircraft, Helicopters
Subsegments:
1) By Thermal Insulation: Aerogel Insulation, Fiberglass Insulation, Ceramic Insulation, Polyimide Insulation
2) By Acoustic Insulation: Sound-Absorbing Materials, Noise Barriers, Acoustic Blankets
3) By Vibration Insulation: Rubber Mounts, Foam Dampers, Composite Vibration Insulators
4) By Electric Insulation: Electrical Insulation Materials, Dielectric Insulation, Thermal/Electrical Insulation Composites
What Are the Major Trends Transforming the Aerospace Insulation Industry?
Technological progress is a crucial trend gaining traction in the aerospace insulation market. Major firms in this market are committed to delivering cutting-edge solutions to consolidate their market standing. These businesses are incorporating next-generation aerospace insulation solutions such as soundproofing, heat-shielding materials, antimicrobial plastics, thermoplastics, super-light thermal, acoustic insulation, fused microporous insulation, and more to inhibit heat dissipation from engines. To illustrate, in January 2023, the UK-based engineering firm, Aerogel Core Ltd., introduced ultra-light 'aerogels' insulation applicable as soundproofing and heat-shielding materials for the aerospace and automotive sectors.
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Which Players Are Driving Innovation in the Aerospace Insulation Market?
Major companies operating in the aerospace insulation market include BASF SE, AVS Industries Inc., 3M Company, Duracote Corporation, Boyd Corporation, Rogers Corporation, E. I. du Pont de Nemours and Company, Elmelin Ltd., Esterline Technologies Corporation, Evonik Industries AG, Johns Manville Corporation, Hutchinson SA, Polymer Technologies Inc., Orcon Aerospace Inc., Promat International NV, ThermoDyne Inc., UPF Corporation, Triumph Group Inc., Zotefoams plc, Zodiac Aerospace SAS, Morgan Advanced Materials plc, TransDigm Group Incorporated, PPG Aerospace a business unit of PPG Industries Inc., Unifrax I LLC, Armacell International S.A., Gencoa Ltd., Hi-Temp Insulation Inc., Insul-Therm International Inc., Thermal Control Products Inc., Thermal Structures Inc.
Which Regions Are Driving Global Aerospace Insulation Market Expansion?
North America was the largest region in the aerospace insulation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the aerospace insulation market share during the forecast period. The regions covered in the aerospace insulation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
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