Aerospace Insulation Market share research by applications and regions for 2017-2024
Posted: Oct 10, 2017
Demand for lightweight insulation material for overall weight reduction of the aircraft is driving the demand for Aerospace Insulation Market. Increasing demand for low cast commercial aircrafts and increasing passenger traffic will support the growth of market. Investment in developing renewable material to reduce the environmental burden will create significant growth opportunities for the market. Use of low cost composites, advanced acoustics and fire resistance material to enhance the safety of the operation is expected to further increase the demand during the forecast period.
The FAA has proposed the designing requirements of the insulation material to be resistant to burn through in a strong thermal atmosphere like that of fuel fed fire. The manufacturers must redesign these materials to meet these requirements. Limited manufacturing facilities of aircraft manufacturers are increasing the delivery time for the large orders creating the large backlogs of aircrafts. Manufacturers may also face cancellation of the orders which may hamper the demand for aircraft component industry including aerospace insulation market.
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Based on material, the market is segmented as foamed plastics, ceramic based material, fiber glass and mineral wool. Foamed plastics segment is expected to lead the aerospace insulation market owing to its high performance in terms of durability, tensile strength and rigidity. Aerospace foams such as polyethylene, polyurethane and ceramic foam provides superior insulations in various temperature range and reduce air leakage.
Based on application platform, aerospace insulation market is divided in to rotary wing and fixed wing. Fixed wing segment is projected to exhibit high growth than the rotary wing. This is attributed to the increasing use of insulation for thermal & acoustic purpose, aircraft weather protection covers, ancillary ground support equipment and cabin interiors of a fixed wing aircraft.
Growth in North America is attributed to increase in air travel and rise in demand for new aircraft. Asia Pacific is expected to exhibit increased demand owing to increasing industrialization, increasing disposable income resulting more passengers opting for air travel. Growth in manufacturing of aircraft & aircraft components in Asia Pacific will stimulate the demand for market. Also demand for commercial aircrafts from India will contribute to the region’s growth.
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Some of the companies in aerospace insulation market includes DuPont, BASF, 3M, Esterline, Triumph Group Inc., Rogers Corporation, Zotefoams, Dunmore and Evonik Industries. The material providers and manufacturers are opting for M&A to strengthen their position in the industry.
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