Aircraft Insulation Materials Market is set to grow at a CAGR of 7.8% during 2019 – 2027

The global aircraft insulation materials market was valued at USD 18,565.8 Million in 2019 and is projected to reach USD 33,570.3 Million by 2027, expanding at a CAGR of 7.8% during the forecast period. The demand for lightweight aircraft in the military and commercial sector is growing, which, in turn, is boosting the usage of lightweight insulators. Many manufacturers in the aircraft insulation segment are investing heavily in research activities to develop and launch cost-effective and lightweight insulators, which can have modular functionalities and high recyclable components.

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Market Dynamics

The market is driven by factors such as demand for lightweight aircraft in the military and commercial sector, imposing several standards, procedures, and norms to improve flight safety boost the usage of aircraft insulation materials across the world.

Segmental Outlook

On the basis of types, the aircraft insulation materials market has been segmented into thermal, acoustic & vibration, and electric insulation. Thermal insulation plays a vital role in maintaining a comfortable environment while the aircraft is in the air owing to these thermal insulation materials being used significantly in the aircraft. Material segment is expected to grow highest at 9.1% during the forecast as compared to insulation type.

Based on sales channels, the Aircraft insulation materials market has been segmented into manufacturers, distributors, and service providers. The manufacturer’s category holds the highest value share (62.5%) in the global market in 2019 and also is expected to expand at the highest CAGR, 7.9% during the forecast.

Regional Outlook

In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a promising region for the market. It constituted a 45.7% share of the market in 2019.

Competitive Landscape

• Key players in the market include DuPont de Nemours, Inc., BASF SE, Zodiac Aerospace (Safran), Zotefoams plc, Rogers Corporation, Evonik Industries, Triumph Group., 3M, DUNMORE, Polymer Technologies, Inc. etc.
• The players are increasingly focusing on product innovations to sustain in a highly competitive market. Moreover, the partnerships, mergers, and acquisition are some of the other strategies adopted by leading players to expand geographical presence and capture potential market opportunities.

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