Aircraft Insulation Market to offer a healthy CAGR of 5.5% during 2019-24
February 14, 2020
Aircraft Insulation Market Overview:
The Aircraft Insulation Market is likely to witness an impressive CAGR of 5.5% during the forecast period. Increasing commercial aircraft deliveries, growing demand for lightweight insulation materials and growing demand for advanced acoustic and fire-resistant materials are some of the factors that are fueling the growth of the aircraft insulation market globally. Comfort interior environment is one of the key requirements of the aircraft industry for which insulation plays a vital role. Apart from comfort, reduction in noise, anti-vibration property, and fire barrier are also some of the other key functions performed by insulation materials in an aircraft.
Report Overview:
This new report from Stratview Research analyses the Aircraft Insulation Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aircraft Insulation Market Segment Insights:
Commercial aircraft: The growth engine
Based on the aircraft type, the market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopter. Commercial aircraft is likely to remain the largest and fastest-growing segment of the aircraft insulation market over the next five years. Increasing commercial aircraft deliveries coupled with a growing demand for safer operations and lightweight insulation materials are fueling the growth of insulation materials in the segment at a higher rate.
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https://www.stratviewresearch.com/toc/436/Aircraft-Insulation-Market.html
Dominance of: Thermal Insulation and Foamed Plastic
Based on the type, the market is segmented as thermal insulation, acoustic & vibration insulation, and electric insulation. Thermal insulation is likely to remain the most dominant insulation type segment of the market over the next five years. Acoustic insulation also holds a considerable share in the market. Acoustic insulation is required to attenuate noise and to provide comfort and reliability as a lot of noise is generated in an aircraft, majorly from aerodynamics and engines.
Based on the material type, the market is segmented as foamed plastics, fiberglass, mineral wool, ceramic materials, and others. The foamed plastics segment dominated the aircraft insulation market. Seat cushions and mattresses are some of the key application areas of the material segment, which lead to its high dominance.
A highly/moderately/fragment consolidated Market
Some of the key players in the aircraft insulation market are BASF SE, Duracote Corporation, E. I. du Pont de Nemours and Company, Esterline Technologies Corporation, Evonik Industries, Rogers Corporation, Triumph Group Inc., Zodiac Aerospace, and Zotefoams PLC.
Regional Hegemony of North America
In terms of regions, North America is likely to remain the most dominant market for aircraft insulation during the forecast period. The region is the hub of aircraft industry with the presence of several aircraft insulation manufacturers, aircraft OEMs, tier players, airlines, aircraft leasing companies, MRO companies, and raw material suppliers.
Europe, the second largest market, is also likely to grow at a healthy rate over the next five years, driven by increasing production rates of key commercial aircraft programs of Airbus and the market entry of Irkut in the commercial aircraft segment. Military and helicopter segments are also likely to offer sizeable growth opportunities in the region in the coming five years.
Asia-Pacific is estimated to witness the highest growth during the same period. Boeing estimated in its 2018-2037 outlook that approximately 16,930 commercial and regional aircraft are likely to be delivered in the next twenty years in the Asia-Pacific region, primarily driven by China, Japan, and India. Other supporting drivers in the region are opening of assembly plants of Boeing and China in China, higher involvement of tier players by becoming risk-sharing partners in the next-generation aircraft, indigenous development of commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
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