Aerospace Insulation Market to Procure Substantial Revenue from Ceramic Material Sector By 2024

Aerospace Insulation Market for ceramic material will capture the highest revenue share of approximately 52% over the study timeframe owing to the enhanced properties exhibited by ceramic including high tensile strength, chemical inertness, and increased melting temperatures. The rising adoption of ceramic in military and commercial sector is further escalating the aerospace insulation business share over the next six years.

Airframe segment is expected to generate around USD 3 billion over the projected timeframe. Increasing use of composites for reducing the aircraft weight is expanding the segment revenue share. The requirement for improved thermal, acoustic, and fire-resistant insulation panels for increasing passenger comfort and safety will accelerate the aerospace insulation market growth during the projected timeframe.

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In the recent years, global aerospace insulation market has been witnessing an exponential growth owing to the surging demand for light weight aircrafts equipped with lower thermal conductivity and enhanced safety. As per the recently published estimates of the International Air Transport Association (IATA), the worldwide demand for air travel incremented by 7.2 percent in October 2017 and the airline capacity increased by 6.2 per cent.

To add to it, the foremost trade organization, representing some 275 airlines of the world, has predicted that the global airlines industry is set to garner a record profit in the year 2018, courtesy the recent upswing in developed economies and the burgeoning tourism sector, which would eventually contribute immensely to aerospace insulation market.

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The fixed wing segment in the aerospace insulation market share accounted for around USD 2 billion in 2017 due to the rising usage of various materials for ancillary ground equipment, acoustic & thermal insulation, and cabin interiors in such aircrafts. The increasing usage of weather protection covers will spur the segment dominance till 2024.

Some Point from Table of Contents:

Chapter 4     Aerospace Insulation Market, By Product

4.1    Aerospace insulation market share by product, 2017 & 2024

4.2    Thermal insulation

4.2.1   Market estimates and forecast, 2013 – 2024, (Tons) (USD Million)

4.2.2   Market estimates and forecast, by region, 2013 – 2024, (Tons) (USD Million)

4.3    Acoustic insulation

4.3.1   Market estimates and forecast, 2013 – 2024, (Tons) (USD Million)

4.3.2   Market estimates and forecast, by region, 2013 – 2024, (Tons) (USD Million)

4.4    Vibration insulation

4.4.1   Market estimates and forecast, 2013 – 2024, (Tons) (USD Million)

4.4.2   Market estimates and forecast, by region, 2013 – 2024, (Tons) (USD Million)

4.5    Electric insulation

4.5.1   Market estimates and forecast, 2013 – 2024, (Tons) (USD Million)

4.5.2   Market estimates and forecast, by region, 2013 – 2024, (Tons) (USD Million)

Chapter 5     Aerospace Insulation Market, By Material

5.1    Aerospace insulation market share by material, 2017 & 2024

5.2    Foamed plastics

5.2.1   Market estimates and forecast, 2013 – 2024, (Tons) (USD Million)

5.2.2   Market estimates and forecast, by region, 2013 – 2024, (Tons) (USD Million)

5.3    Ceramic material

5.3.1   Market estimates and forecast, 2013 – 2024, (Tons) (USD Million)

5.3.2   Market estimates and forecast, by region, 2013 – 2024, (Tons) (USD Million

5.4    Fiber glass

5.4.1   Market estimates and forecast, 2013 – 2024, (Tons) (USD Million)

5.4.2   Market estimates and forecast, by region, 2013 – 2024, (Tons) (USD Million)

5.5    Mineral wool

5.5.1   Market estimates and forecast, 2013 – 2024, (Tons) (USD Million)

5.5.2   Market estimates and forecast, by region, 2013 – 2024, (Tons) (USD Million)

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The major aerospace insulation market players include Hutchinson, 3M, BASF SE, Zodiac Aerospace, and DuPont. Other notable players include Johns Manville, Polymer Technologies Inc., Esterline Technologies Corporation, and Evonik Industries. Mergers and acquisitions are among the prominent strategies adopted by industry participants to enhance their industry foothold. For instance, in 2017, Evonik Industries acquired the additive compounding business from 3M for expanding its solid additive business portfolio.

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