The aerodynamic movement and noise of aircraft engines have been a cause for concern. The need for a safer trip and transparent communication within the aircraft covers has been expanded and prioritized in recent years. Giving sufficient importance to the safety of aircraft, the use of insulation has become famous for its ability to ensure the safety and comfort of passengers.
The aircraft insulation market is expected to grow from US$ xx billion in 2019 to US$ xx billion in 2025, with a CAGR of xx% from 2020 to 2025.
Recent Developments and Trends
The Turkish-Belgian joint venture to establish a thermal insulation manufacturing plant in Alsózsolca, Hungary, serves as an essential perspective for the future.
DuPont, the industry-leading aircraft insulation, opened an innovation center in Silicon Valley to support innovation in the Bay Area to deliver efficient products.
The acquisition of Dunmore by Steel Partners gives the latter a growth platform. The agreement will help improve aerospace services while increasing penetration into the isolation market and opening new adjacent markets for existing capabilities and technologies.
July 2019: the Indian airline IndiGo has booked a total of 237 flights to the region, extending its destination to the Middle East. The airline is also considering to add new aircraft, including the long-distance A321neo LR on Airbus and the next model, the A321 XLR.
The growing demand for commercial aircraft shipments, the increased demand for light insulation and the increased demand for advanced acoustics and refractory materials are some of the factors that will drive the growth of the global aircraft insulation market.
The market for aircraft insulation depends mostly on the fact that chemical companies and paint manufacturers are witnessing a massive demand for light insulators in modern aircraft. Excellent and lightweight insulators help outside and inside the plane against leaks of rain, dust and dirt, reducing noise and vibration. The demand for light insulators among aircraft manufacturers is driving the market for aircraft insulation technology. In addition, the sharp drop in the price of composite materials allows aircraft manufacturers to use them as aircraft insulation. The composite material is lightweight and can withstand various parameters, such as heat, vibration, noise. These benefits generate interest in composite insulation in aircraft. This factor is also strengthening the growth of the aircraft insulation market.
The aircraft insulation business is expected to grow due to several conductors, but demand for the use of composite materials acquired in the general aviation industry is likely to overtake in the coming years as they help to reduce noise significantly. The commercial aviation industry is increasing the demand for insulation compounds to minimize noise and vibration. Therefore, the need for compounds in commercial aviation is presumed to strengthen the aircraft insulation industry.
The main challenges in the aircraft insulation market are those related to reduced life and compound recycling. Chemical companies and paint manufacturers adhere to the strict rules established by various aviation authorities, such as the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA). Compounds, paints or chemicals manufactured by insulation companies have a short shelf life and must be replaced regularly and cannot be recycled for reuse. This factor is causing problems for companies, which in turn hinders market growth.
By type: The global aircraft insulation market is divided into thermal insulation, vibration, and acoustic insulation and electrical insulation. Increasing the use of materials with low thermal conductivity can reduce heat transfer between other components and components of the aircraft, and ensure a high level of safety during the operation of the plane. The insulation system maintains a comfortable indoor environment while the aircraft is in flight and significantly reduces noise levels and vibrations.
By material: Global aircraft insulation market is divided into foamed plastics, fiberglass, mineral wool, ceramic materials and other materials. Material-based foam segments are assumed to lead the aircraft insulation business. Plastic foam is widely used to absorb heat, noise insulation, vibrations, etc. in the rooms of the cushions and mattresses of the seats. The aerospace industry uses a variety of materials. Polyimide and polyurethane foam are used as acoustic and thermal insulation in aircraft cabins for wall coverings and panels, and as resting areas or insulating blankets of aircraft doors.
On the provincial side, the North America aircraft insulation market will continue to be the most dominant for the global industry during the forecast period. The area is the center of the aviation industry with several aircraft insulation manufacturers, aircraft OEMs, level players, airlines, aircraft leasing companies, MRO companies, and raw material suppliers.
Europe aircraft insulation market is expected to experience healthy growth over the next five years, due to the increasing production speed of the main Airbus commercial aircraft program and Irkut's entry into the retail aircraft sector.
It is estimated that the Asia-Pacific aircraft insulation market will have the highest growth rate during the same period. Boeing predicts that in 2018-2037, around 20,930 commercial and regional aircraft will be delivered to the Asia-Pacific region, mainly in China, Japan, and India.
Top Leading Company
Dunmore and Duracote Corporation is expanding its product portfolio to reach a larger consumer base. The plane relies on Dunmore Aerospace for a comfortable and quiet experience in high-performance laminated film materials.
BASF SE, Duracote Corporation, DuPont, Triumph Group Inc., Zodiac Aerospace, Esterline Technologies Corporation, Polymer Technologies, Inc, Zotefoams Inc., InsulTech LLC, Morgan Advanced Materials, etc., are some of the main players in the market.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aircraft Insulation Market, By Type
6.1.2 Acoustic and Vibration
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Aircraft Insulation Market, By Material
6.2.1 Foamed Plastics
6.2.3 Mineral Wool
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Material
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Type
7.3.3 By Material
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Material
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Type
7.5.3 By Material
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Type
7.6.3 By Material
8. Key Player Analysis
8.1 BASF SE
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.3 Triumph Group
8.4 Duracote Corporation
8.5 Zodiac Aerospace
8.6 Esterline Technologies Corporation
8.7 Polymer Technologies, Inc.
8.8 Zotefoams Inc.
8.9 InsulTech LLC
8.10 Morgan Advanced Materials
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures