The Aircraft Insulation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Insulation Global Market Report 2024, The aircraft insulation market size has grown strongly in recent years. It will grow from $8.08 billion in 2023 to $8.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to weight reduction, acoustic comfort, thermal efficiency, regulatory compliance, aircraft modernization.
The aircraft insulation market size is expected to see strong growth in the next few years. It will grow to $12.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to green aviation initiatives, electric aircraft, increased connectivity, cabin air quality, market expansion. Major trends in the forecast period include advanced lightweight materials, fire-resistant insulation, acoustic insulation innovations, thermal insulation improvements, smart insulation systems.
An increase in demand for lightweight insulation materials is expected to propel the growth of the aircraft insulation market going forward. Lightweight insulation materials refer to the low thermal conductivity of the material, and it means that lesser thickness is needed than that of most other insulants for achieving a particular level of thermal performance. The lightweight insulation materials are a natural fit for aircraft insulation due to their light weight compared with other industrial materials. For instance, in July 2021, the University of Bath, a UK-based public university, developed a graphene oxide aerogel weighing 2.1 kg/m3 making it the lightest sound insulation ever manufactured. Therefore, the increase in demand for lightweight insulation materials is driving the growth of the aircraft insulation market.
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The aircraft insulation market covered in this report is segmented –
1) By Type: Thermal Insulation, Acoustic And Vibration Insulation, Electric Insulation
2) By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
3) By Material: Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-Based Materials, Other Materials
4) By Application: Airframe, Propulsion System
Technological advancements are the key trends gaining popularity in the aircraft insulation market. Major players and research institutes are focused on developing new technological solutions to reinforce their position. For instance, in October 2021, Researchers at Riga Technical University’s Institute of Aeronautics, a Latvia-based technical university institute developed a multilayer metal-ceramic nanocoating, called McBLADE using nanotechnology for the aviation industry, enabling modification of aircraft frames, interior and engine components for improved performance, fuel efficiency, and lower operational costs. Nano coatings would also provide specialized functionality to the product, including electrical conductivity, electrical or thermal insulation, hydrophobicity, and light reflection.
Major Players:
- BASF SE
- AVS Industries Limited Liability Company
- Minnesota Mining and Manufacturing Company
- Duracote Corporation
- Boyd Corporation
- DuPont de Nemours Inc
The aircraft insulation market report table of contents includes:
1. Executive Summary
2. Aircraft Insulation Market Characteristics
3. Aircraft Insulation Market Trends And Strategies
4. Aircraft Insulation Market – Macro Economic Scenario
5. Global Community Food Services Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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