Aircraft Insulation Materials Market Trends, Industry | 2031
Aircraft Insulation Materials Market
Segments - By Type ( By Insulation Type -Thermal Insulation, Acoustic & Vibration Insulation, Electric Insulation, and By Materials - Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-based Materials, Other Materials), By Application (Military Aviation, Civil Aviation), By Sales Channel (Manufacturer, Distributor, Service Provider, Aftermarket), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Segments - By Type ( By Insulation Type -Thermal Insulation, Acoustic & Vibration Insulation, Electric Insulation, and By Materials - Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-based Materials, Other Materials), By Application (Military Aviation, Civil Aviation), By Sales Channel (Manufacturer, Distributor, Service Provider, Aftermarket), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global aircraft insulation materials market was valued atUSD 29.13 Billion in 2022and is projected to reach USD 57.27 Billion by 2031, expanding at a CAGR of 7.8% during the forecast period 2023-2031. 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.
Thermal insulation market growth as FAA discarded the use of the insulation market in the year 2000 due to which thermal insulation was used as an insulation material. Thermal insulation is used all over the aircraft except few areas such as fuel usage below the passenger floor, crown area, and passenger cabins. In the aviation industry insulation material are used mainly for the safety of flight, reduction of noise & vibration and to provide comfort interior environment to passenger and crew.
An increase in the insulation material is due to the rise in demand for safer aircraft operation and lightweight aircraft in both civil and military aviation. In this segment, the civil aviation market is excepted to lead the market as there is an increase in the production of civil aircraft due to the rise in air travelers and also government all over the world are spending more funds to build better aviation infrastructure so that they could connect all the cities.
Thermal insulation market growth as FAA discarded the use of the insulation market in the year 2000 due to which thermal insulation was used as an insulation material. Thermal insulation is used all over the aircraft except few areas such as fuel usage below the passenger floor, crown area, and passenger cabins. Acoustics insulation materials provide a high-efficiency and minimum amount of volume and weight due to which it is extensively used in aircraft. Electric insulation provides protection from sensitive electric systems and other components of aircraft from heat and interference. Thus, it is mostly used in backplates, switchgear, switchboards, flexible laminates, and winding wires.
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.
Increasing Demand for Cost-Effective and 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.
Strengthen Regulation to Ensure Usage of Safety Materials
Aviation regulatory authorities across the globe, such as the European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA), are imposing several standards, procedures, and norms to improve flight safety.
High Labor Cost and Strict Rules in Associated Industry
High labor costs and lack of efficient recycling technology for insulation materials are expected to restraint the growth of the aircraft insulation market. Moreover, EASA, FAA, and other aviation organizations are imposing strict rules on paint manufacturing and chemical companies, which is leading to products having a limited shelf life, thus needing replacement at regular intervals. These factors are estimated to restrain the growth of the market due to their less stability.
Opportunity in Composite Material Category
Increasing demand for the usage of composite materials is expected to create opportunities for the aircraft insulation market players. These materials can help reduce noise and vibration while increasing fire safety. An increase in the number of electric components in aircraft is projected to fuel the growth of the market.
Growing Travel Trend and Rise in Investment to Boost the Industry Further
An increase in the production of aircraft, a surge in air travel, a rise in living standards in developing countries, and growth in the number of low-cost airlines have increased the production of insulation materials. The rise in investments to make aircraft lightweight for the military and commercial sectors are increasing the demand for aircraft insulation materials.
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. Foamed Plastics category holds the highest value share in the materials segment.
Based on application, the market is fragmented into military aviation, civil aviation. Civil aviation holds the highest value share 62.0% in 2019 however, military aviation is expected to expand highest 6.3% during the forecast, 2020-2027.
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. The distributor segment is also expected to grow at a significant pace during the period. Aircraft insulation manufacturers are projected to hold the largest share over the assessment period. Boeing is one of the major aircraft manufacturers worldwide. Boeing is insulating its latest airplanes models with Basotect, BASF’s heat & sound insulating melamine resin foam. This is the first time that a BASF foam is applied in the mass production of acoustic insulation for airplane cabin walls. Aircraft insulation manufacturers highly depend on Aircraft insulation materials distributors to manufacture the custom aircraft parts as per the requirement. This, in turn, increases the demand for insulation materials distributors.
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. The North America market in the region is projected to expand at a CAGR of 8.1% during the forecast period. Huge spending on defense aircraft and the military is driving the regional market growth.
Also, the presence of major industry players such as Triumph Group Inc., Esterline Technologies Corporation, and DuPont, is further propelling the market rise. The Asia Pacific is estimated to witness high growth during the forecasted time. A lot of numbers of aircraft have to be delivered by Boeing in upcoming years in the Asia Pacific region. Mainly the demand is been originated from China, India, and Japan. Other supporting drivers in the region are the opening of assembly plants of Boeing in this region. Moreover, there is growth in investments in new airport development in the Asia Pacific, due to which there are opportunities for aircraft insulation materials adoption.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Global Aircraft Insulation Materials Market
Historical, Current and Projected Market Size in terms of Value (USD Million) & Volume (000’ KG)
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Aircraft Insulation Materials Market Performance
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.
In Dec 2019, Rogers Corporation Launches PORON® SlimGrip Plus Foam; the Softest PORON Material to Date with Increased Cohesive Strength for Ease of Processing.
In June 2019, DuPont Transportation & Industrial showcased solutions for the aerospace industry at the 2019 edition of the International Paris Air Show.
In April 2019, Safran's acquisition of Zodiac Aerospace in February 2018 is largely responsible for a 36.9% increase in the French group's first-quarter adjusted revenue to €5.78 billion ($6.44 billion).
In May 2019, RUAG MRO International has successfully completed the first installation in Europe of the thermal acoustic insulation system based on a Supplemental Type Certificate (STC) designed by Aearo Technologies LLC, a 3M company, for the Dassault Falcon F900DX business aircraft.
Video Summary for Aircraft Insulation Materials Market
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Insulation Materials Market Overview 4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aircraft Insulation Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Insulation Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aircraft Insulation Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aircraft Insulation Materials Market Size & Forecast, 2017-2027
4.5.1 Aircraft Insulation Materials Market Size and Y-o-Y Growth
4.5.2 Aircraft Insulation Materials Market Absolute $ Opportunity 4.6 Global Aircraft Insulation Materials Market: Impact Of Key Regulations 4.7 Aircraft Materials Industry Outlook Chapter 5 Global Aircraft Insulation Materials Market Analysis and Forecast By Type 5.1 Introduction 5.1.1 Key Market Trends & Growth Opportunities By Type 5.1.2 Basis Point Share (BPS) Analysis By Type 5.1.3 Absolute $ Opportunity Assessment By Type 5.2 Aircraft Insulation Materials Market Size & Volume Forecast By Type 5.2.1 Insulation Type 5.2.1.1 Thermal 5.2.1.2 Acoustic & Vibration 5.2.1.3 Electric 5.2.2 Material 5.2.2.1 Foamed Plastics 5.2.2.2 Fiberglass 5.2.2.3 Mineral Wool 5.2.2.4 Ceramic-based Materials 5.2.2.5 Other Materials 5.3 Market Attractiveness Analysis By Type Chapter 6 Global Aircraft Insulation Materials Market Analysis and Forecast By Application 6.1 Introduction 6.1.1 Key Market Trends & Growth Opportunities By Application 6.1.2 Basis Point Share (BPS) Analysis By Application 6.1.3 Absolute $ Opportunity Assessment By Application 6.2 Aircraft Insulation Materials Market Size & Volume Forecast By Application 6.2.1 Military Aviation 6.2.2 Civil Aviation 6.3 Market Attractiveness Analysis By Application Chapter 7 Global Aircraft Insulation Materials Market Analysis and Forecast By Sales Channel 7.1 Introduction 7.1.1 Key Market Trends & Growth Opportunities By Sales Channel 7.1.2 Basis Point Share (BPS) Analysis By Sales Channel 7.1.3 Absolute $ Opportunity Assessment By Sales Channel 7.2 Aircraft Insulation Materials Market Size & Volume Forecast By Sales Channel 7.2.1 Manufacturer 7.2.2 Distributor 7.2.3 Service Provider 7.2.4 Aftermarket 7.3 Market Attractiveness Analysis By Sales Channel Chapter 8 Global Aircraft Insulation Materials Market Analysis and Forecast by Region 8.1 Introduction 8.1.1 Key Market Trends & Growth Opportunities by Region 8.1.2 Basis Point Share (BPS) Analysis by Region 8.1.3 Absolute $ Opportunity Assessment by Region 8.2 Aircraft Insulation Materials Market Size Forecast by Region 8.2.1 North America 8.2.2 Europe 8.2.3 Asia Pacific 8.2.4 Latin America 8.2.5 Middle East & Africa (MEA) 8.3 Market Attractiveness Analysis by Region Chapter 9 Coronavirus Disease (COVID-19) Impact 9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario Chapter 10 North America Aircraft Insulation Materials Analysis and Forecast 10.1 Introduction 10.2 North America Aircraft Insulation Materials Market Size Forecast by Country 10.2.1 U.S. 10.2.2 Canada 10.3 Basis Point Share (BPS) Analysis by Country 10.4 Absolute $ Opportunity Assessment by Country 10.5 Market Attractiveness Analysis by Country 10.6 North America Aircraft Insulation Materials Market Size & Volume Forecast By Type 10.6.1 Insulation Type 10.6.1.1 Thermal 10.6.1.2 Acoustic & Vibration 10.6.1.3 Electric 10.6.2 Material 10.6.2.1 Foamed Plastics 10.6.2.2 Fiberglass 10.6.2.3 Mineral Wool 10.6.2.4 Ceramic-based Materials 10.6.2.5 Other Materials 10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type 10.10 North America Aircraft Insulation Materials Market Size & Volume Forecast By Application 10.10.1 Military Aviation 10.10.2 Civil Aviation 10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application 10.14 North America Aircraft Insulation Materials Market Size & Volume Forecast By Sales Channel 10.14.1 Manufacturer 10.14.2 Distributor 10.14.3 Service Provider 10.14.4 Aftermarket 10.15 Basis Point Share (BPS) Analysis By Sales Channel
10.16 Absolute $ Opportunity Assessment By Sales Channel
10.17 Market Attractiveness Analysis By Sales Channel Chapter 11 Europe Aircraft Insulation Materials Analysis and Forecast 11.1 Introduction 11.2 Europe Aircraft Insulation Materials Market Size Forecast by Country 11.2.1 Germany 11.2.2 France 11.2.3 Italy 11.2.4 U.K. 11.2.5 Spain 11.2.6 Russia 11.2.7 Rest of Europe 11.3 Basis Point Share (BPS) Analysis by Country 11.4 Absolute $ Opportunity Assessment by Country 11.5 Market Attractiveness Analysis by Country 11.6 Europe Aircraft Insulation Materials Market Size & Volume Forecast By Type 11.6.1 Insulation Type 11.6.1.1 Thermal 11.6.1.2 Acoustic & Vibration 11.6.1.3 Electric 11.6.2 Material 11.6.2.1 Foamed Plastics 11.6.2.2 Fiberglass 11.6.2.3 Mineral Wool 11.6.2.4 Ceramic-based Materials 11.6.2.5 Other Materials 11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type 11.10 Europe Aircraft Insulation Materials Market Size & Volume Forecast By Application 11.10.1 Military Aviation 11.10.2 Civil Aviation 11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application 11.14 Europe Aircraft Insulation Materials Market Size & Volume Forecast By Sales Channel 11.14.1 Manufacturer 11.14.2 Distributor 11.14.3 Service Provider 11.14.4 Aftermarket 11.15 Basis Point Share (BPS) Analysis By Sales Channel
11.16 Absolute $ Opportunity Assessment By Sales Channel
11.17 Market Attractiveness Analysis By Sales Channel Chapter 12 Asia Pacific Aircraft Insulation Materials Analysis and Forecast 12.1 Introduction 12.2 Asia Pacific Aircraft Insulation Materials Market Size Forecast by Country 12.2.1 China 12.2.2 Japan 12.2.3 South Korea 12.2.4 India 12.2.5 Australia 12.2.6 South East Asia (SEA) 12.2.7 Rest of Asia Pacific (APAC) 12.3 Basis Point Share (BPS) Analysis by Country 12.4 Absolute $ Opportunity Assessment by Country 12.5 Market Attractiveness Analysis by Country 12.6 Asia Pacific Aircraft Insulation Materials Market Size & Volume Forecast By Type 12.6.1 Insulation Type 12.6.1.1 Thermal 12.6.1.2 Acoustic & Vibration 12.6.1.3 Electric 12.6.2 Material 12.6.2.1 Foamed Plastics 12.6.2.2 Fiberglass 12.6.2.3 Mineral Wool 12.6.2.4 Ceramic-based Materials 12.6.2.5 Other Materials 12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type 12.10 Asia Pacific Aircraft Insulation Materials Market Size & Volume Forecast By Application 12.10.1 Military Aviation 12.10.2 Civil Aviation 12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application 12.14 Asia Pacific Aircraft Insulation Materials Market Size & Volume Forecast By Sales Channel 12.14.1 Manufacturer 12.14.2 Distributor 12.14.3 Service Provider 12.14.4 Aftermarket 12.15 Basis Point Share (BPS) Analysis By Sales Channel
12.16 Absolute $ Opportunity Assessment By Sales Channel
12.17 Market Attractiveness Analysis By Sales Channel Chapter 13 Latin America Aircraft Insulation Materials Analysis and Forecast 13.1 Introduction 13.2 Latin America Aircraft Insulation Materials Market Size Forecast by Country 13.2.1 Brazil 13.2.2 Mexico 13.2.3 Rest of Latin America (LATAM) 13.3 Basis Point Share (BPS) Analysis by Country 13.4 Absolute $ Opportunity Assessment by Country 13.5 Market Attractiveness Analysis by Country 13.6 Latin America Aircraft Insulation Materials Market Size & Volume Forecast By Type 13.6.1 Insulation Type 13.6.1.1 Thermal 13.6.1.2 Acoustic & Vibration 13.6.1.3 Electric 13.6.2 Material 13.6.2.1 Foamed Plastics 13.6.2.2 Fiberglass 13.6.2.3 Mineral Wool 13.6.2.4 Ceramic-based Materials 13.6.2.5 Other Materials 13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type 13.10 Latin America Aircraft Insulation Materials Market Size & Volume Forecast By Application 13.10.1 Military Aviation 13.10.2 Civil Aviation 13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application 13.14 Latin America Aircraft Insulation Materials Market Size & Volume Forecast By Sales Channel 13.14.1 Manufacturer 13.14.2 Distributor 13.14.3 Service Provider 13.14.4 Aftermarket 13.15 Basis Point Share (BPS) Analysis By Sales Channel
13.16 Absolute $ Opportunity Assessment By Sales Channel
13.17 Market Attractiveness Analysis By Sales Channel Chapter 14 Middle East & Africa (MEA) Aircraft Insulation Materials Analysis and Forecast 14.1 Introduction 14.2 Middle East & Africa (MEA) Aircraft Insulation Materials Market Size Forecast by Country 14.2.1 Saudi Arabia 14.2.2 South Africa 14.2.3 UAE 14.2.4 Rest of Middle East & Africa (MEA) 14.3 Basis Point Share (BPS) Analysis by Country 14.4 Absolute $ Opportunity Assessment by Country 14.5 Market Attractiveness Analysis by Country 14.6 Middle East & Africa (MEA) Aircraft Insulation Materials Market Size & Volume Forecast By Type 14.6.1 Insulation Type 14.6.1.1 Thermal 14.6.1.2 Acoustic & Vibration 14.6.1.3 Electric 14.6.2 Material 14.6.2.1 Foamed Plastics 14.6.2.2 Fiberglass 14.6.2.3 Mineral Wool 14.6.2.4 Ceramic-based Materials 14.6.2.5 Other Materials 14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type 14.10 Middle East & Africa (MEA) Aircraft Insulation Materials Market Size & Volume Forecast By Application 14.10.1 Military Aviation 14.10.2 Civil Aviation 14.11 Basis Point Share (BPS) Analysis By Application
14.12 Absolute $ Opportunity Assessment By Application
14.13 Market Attractiveness Analysis By Application 14.14 Middle East & Africa (MEA) Aircraft Insulation Materials Market Size & Volume Forecast By Sales Channel 14.14.1 Manufacturer 14.14.2 Distributor 14.14.3 Service Provider 14.14.4 Aftermarket 14.15 Basis Point Share (BPS) Analysis By Sales Channel
14.16 Absolute $ Opportunity Assessment By Sales Channel
14.17 Market Attractiveness Analysis By Sales Channel Chapter 15 Competition Landscape 15.1 Aircraft Insulation Materials Market: Competitive Dashboard 15.2 Global Aircraft Insulation Materials Market: Market Share Analysis, 2019 15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 DuPont de Nemours, Inc 15.3.2 BASF SE 15.3.3 Zodiac Aerospace (Safran) 15.3.4 Zotefoams plc 15.3.5 Rogers Corporation 15.3.6 Evonik Industries 15.3.7 Triumph Group 15.3.8 3M 15.3.9 DUNMORE 15.3.10 Polymer Technologies, Inc. 15.3.11 Duracote Corporation 15.3.12 Esterline Technologies Corporation (Transdigm Group, Inc.) 15.3.13 Insultech, LLC 15.3.14 Morgan Advanced Materials 15.3.15 UPF Corporation 15.3.16 HUTCHINSON
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According to this Growth Market Reports report, the market from aircraft insulation materials is likely to register a CAGR of 7.8% during forecast period 2020-2027, with an anticipated valuation of USD 33,570.3 million by the end of the 2027.
In addition to market size, value (in US$ Million) and volume (‘000 KG), Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the value chain is available in final report.
Increase in the production of aircraft, surge in air travel, rise in living standards in developing countries, and growth in the number of low-cost airlines have increased the production of insulation materials. Rise in investments in to make aircraft lightweight for the military and commercial sectors are increasing the demand for aircraft insulation materials.
The market is expected to witness a decrease of over 2-3% between 2019 and 2020 owing to the adverse impact of COVID-19 pandemic on the aircraft insulation materials market.
The base year considered for the global aircraft insulation materials market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Civil aviation industry holds the largest market share. Growing demand for commercial aircraft boost the further usage of aircraft insulation materials into the market.