Market Share of Aircraft Insulation Industry
The aircraft insulation market is semi-consolidated. DuPont de Nemours, Inc., BASF SE, Triumph Group Inc., Boyd Corporation, and Polymer Technologies Inc. are some of the major players in the aircraft insulation 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 the market. The Federal Aviation Administration (FAA) is 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 sustain the market competition in the long run. For instance, in August 2023, Ethiopian Airlines Group erected an aircraft component manufacturing plant at Kilinto Industrial Park in a joint venture with Boeing. The plant will likely manufacture various aerospace internal parts, including aircraft thermo-acoustic insulation blankets, electrical wire harnesses, and more. These internal components will be supplied to Boeing, Airbus, and an Italian aircraft manufacturing company, according to the IPDC.
Aircraft Insulation Market Leaders
BASF SE
DuPont de Nemours, Inc.
Triumph Group, Inc.
Boyd Corporation
Polymer Technologies, Inc.
*Disclaimer: Major Players sorted in no particular order
