Aircraft Insulation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Insulation Type (Electric Insulation, Thermal Insulation, and Acoustic and Vibration Insulation), Application (Commercial Aircraft, Military Aircraft, and General Aviation Aircraft), and Geography

Market Snapshot

aircraft-insulation-market_Market Summary
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >4 %

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Market Overview

The aircraft insulation market is expected to witness a CAGR of more than 4% during the forecast period.

  • To provide more safety and comfort to the passengers, the aircraft OEMs and airlines are using different aircraft insulation materials on the aircraft, which is driving the market growth.
  • Growth in aircraft sales and production, especially from the commercial segment, is generating demand for the insulation systems for aircraft, thereby, propelling growth in the market revenue.
  • Stringent regulations from regulatory bodies, like the FAA, in terms of survivability and capability of the materials in various environments, are challenging the growth of the players in the market. 

Scope of the Report

The report includes the following aspects:

Insulation Type
Electric Insulation
Thermal Insulation
Acoustic and Vibration Insulation
Application
Commercial Aircraft
Military Aircraft
General Aviation Aircraft
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

The Commercial Aircraft Segment Registered the Highest Market Share in 2019

The market for the commercial aircraft segment is currently larger, which is mainly due to the high sales of the aircraft models. On an average, the usage of insulation in commercial aircraft is generally higher, as compared to the other aircraft types. With the growing emphasis on increasing the passenger experience, better thermal/vibration/acoustic insulating materials are being used on the newer generation aircraft compared to the older aircraft types. The mandates imposed by EASA and FAA, regarding the fire-resistant thermal-acoustic insulation, have propelled the growth of the insulation market for commercial aircraft. Though the newer aircraft models are the first to implement the updated mandates, older commercial aircraft have also seen some retrofitting activity in the last two years due to these regulations. With the increasing air transport demand, airlines are ordering and procuring new aircraft on a large scale. Simultaneously, with a huge order backlog with the aircraft OEMs, the production rates are increasing, which will increase the demand for the aircraft insulation materials. By virtue of all these factors, the market for the aircraft insulation in the commercial segment is expected to dominate the market in the years to come,

aircraft insulation market_trend

Asia-Pacific to be the Fastest-growing Market in the Coming Years

With increasing aviation activities, the Asia-Pacific region is projected to be the fastest-growing market for the aircraft insulators in the world. As passenger traffic in the region is continuously growing, airlines are adopting various growth strategies. Some of the airlines are procuring new aircraft and are expanding their routes to places where there is a growth impetus. For instance, IndiGo, the Indian carrier, has expanded its destinations to the Middle-East, by scheduling a total of 237 flights to the region as of July 2019. With this and many other expansion plans, the airline is considering adding new aircraft including the Airbus’s long-distance A321neo LR and the upcoming model, A321 XLR. The insulation needed for the air conditioning/heating system to economically produce cabin temperatures that appeal to the passengers varies with airplane type and location where the aircraft operates. With most of the region lying in the hot, tropical zone, even the operators of general aviation aircraft in the region use different materials for thermal insulation to make the travel comfortable for the passengers. Hence, the market is expected to grow faster in the Asia Pacific compared to the other regions. 

Aircraft Insulation_geography

Competitive Landscape

Dupont, BASF SE, Esterline Technologies Corporation, Triumph Group Inc., and Polymer Technologies Inc. are some of the major players in the market. Innovations, in terms of new insulation materials, will help the players gain new contracts. Moreover, due to the increasing emphasis on lightweight components in the aviation industry, the players are focusing on developing advanced insulation materials, mainly thermal/acoustic insulations. With the stringency of the regulations in terms of insulation safety increasing, it is becoming difficult for smaller players to penetrate into the market. The Federal Aviation Administration (FAA) developing new flammability test requirements for aircraft insulation that will result in increased fire safety on aircraft. On this note, the product offerings of the insulation suppliers must be upgraded to suit the regulatory requirements of the governing bodies. Frequent upgrades to the product offerings based on the trends and requirements will help the players to sustain in the market competition in the long run.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Insulation Type

      1. 5.1.1 Electric Insulation

      2. 5.1.2 Thermal Insulation

      3. 5.1.3 Acoustic and Vibration Insulation

    2. 5.2 Application

      1. 5.2.1 Commercial Aircraft

      2. 5.2.2 Military Aircraft

      3. 5.2.3 General Aviation Aircraft

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Rest of Latin America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Dupont

      2. 6.2.2 BASF SE

      3. 6.2.3 HUTCHINSON

      4. 6.2.4 Triumph Group Inc.

      5. 6.2.5 Boyd Corporation

      6. 6.2.6 Duracote Corporation

      7. 6.2.7 Hi-Temp Insulation Inc.

      8. 6.2.8 Polymer Technologies Inc.

      9. 6.2.9 Evonik Industries AG

      10. 6.2.10 Zotefoams PLC

      11. 6.2.11 Dunmore

      12. 6.2.12 Daher

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Aircraft Insulation Market market is studied from 2018 - 2026.

The Aircraft Insulation Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Dupont, BASF SE, Esterline Technologies Corporation (Transdigm Group, Inc.), Triumph Group Inc., Polymer Technologies Inc. are the major companies operating in Aircraft Insulation Market.

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