Global Aerospace Insulation market data 2024, Forecast To 2033
23 Jan, 2024
The aerospace insulation market has witnessed rapid growth, increasing from $7.82 billion in 2023 to $8.62 billion in 2024 at a CAGR of 10.2%. Historical growth is attributed to regulatory requirements, an aging aircraft fleet, global trade, and cargo demand, along with the rise in defense budgets and the growth of the aviation industry. Anticipated trends in the forecast period include energy-efficient insulation, customized insulation solutions, eco-friendly insulation, lightweight insulation materials, and improved fire resistance. The market is expected to experience strong growth, reaching $12.41 billion in 2028, with a CAGR of 9.5%, driven by factors such as climate change mitigation, electrification of aviation, emerging markets, increased research and development investments, and growing import and export activity.
Global Aerospace Insulation Market Key Driver
The aerospace insulation market is poised for growth with the increase in aircraft manufacturing. The delivery of 611 commercial aircraft by Airbus in 2021, showcasing a strong market presence, emphasizes the industry's strength. As demand for new aircraft rises, the utilization of aerospace insulation becomes essential. The increase in aircraft manufacturing and deliveries is expected to drive the aerospace insulation market, aligning with market size values for 2023, 2024, and 2028.
Get A Free Sample Of The Global Aerospace Insulation Market ReportGlobal Aerospace Insulation Market Segments
The global 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
By Geography: The regions covered in the Aerospace Insulation market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the aerospace insulation market in 2023. Asia-Pacificis 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.
Major Aerospace Insulation Industry Players
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.
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Aerospace Insulation Market Overview
The aerospace insulation refers to unique physical and chemical products and a precision particle used throughout aircraft to deaden noise, insulate heat or cold, and deduce moisture barrier. This insulation delivers the physical characteristics, durability, and dimensional configurations needed for aerospace to maintain consistent operating temperatures.
Aerospace Insulation Global Market Report 2023 provides data on the global aerospace insulation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aerospace insulation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.