The Aerospace Insulation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).


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According to The Business Research Company’s Aerospace Insulation Global Market Report 2024, The aerospace insulation market size has grown rapidly in recent years. It will grow from $7.82 billion in 2023 to $8.62 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to regulatory requirements, aircraft ageing fleet, global trade and cargo demand, rise in defense budget, growth of the aviation industry.

The aerospace insulation market size is expected to see strong growth in the next few years. It will grow to $12.41 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to climate change mitigation, electrification of aviation, emerging markets. increased research and development investments, increasing import and export activity. Major trends in the forecast period include energy-efficient insulation, customized insulation solutions, eco-friendly insulation, lightweight insulation materials, improved fire resistance.

The increase in aircraft manufacturing is expected to propel the growth of the aerospace insulation market. Aviation provides a rapid global transportation network, fostering economic growth, job creation, and promoting international trade and tourism. The increased passenger and freight air transport demand, followed by strong demand for new aircraft, have intensified competition among aircraft manufacturers. Due to this expansion, the companies have penetrated the aerospace business. For instance, according to a report published by an aerospace corporation, Airbus, in January 2022, it had achieved 611 deliveries in 2021, which is 8% higher than 566 deliveries in 2020, showcasing the company's whole product line's strength and signalling increased market confidence. Therefore, the increase in aircraft manufacturing and deliveries will drive the growth of the aerospace insulation market.

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The aerospace insulation market covered in this report is segmented –

1) By Product: Thermal Insulation, Acoustic Insulation, Vibration Insulation, Electric Insulation
2) By Material: Foamed Plastics, Ceramic Material, Fiber Glass, Mineral Wool
3) By Application: Engine, Airframe
4) By Aircraft: Commercial Aircraft, Military Aircraft, Helicopters

Technological advancement is a key trend gaining popularity in the aerospace insulation market. Major companies operating in the aerospace insulation market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next-generation aerospace insulation solutions into their products, such as soundproofing, heat-shielding materials, antimicrobial plastics solution, thermoplastic, ultra-lightweight thermal, acoustic insulation, melded microporous insulation, and others to prevent heat loss from the engine. For instance, in January 2023, Aerogel Core Ltd., a UK-based engineering company, launched ultra-light ‘aerogels’ insulation that can be used as soundproofing and heat-shielding materials for the aerospace and automotive industries.

The aerospace insulation market report table of contents includes:

1. Executive Summary
2. Aerospace Insulation Market Characteristics
3. Aerospace Insulation Market Trends And Strategies
4. Aerospace Insulation Market - Macro Economic Scenario
5. Global Aerospace Insulation Market Size and Growth
.........................
31. Global Aerospace Insulation Market Competitive Benchmarking
32. Global Aerospace Insulation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aerospace Insulation Market
34. Aerospace Insulation Market Future Outlook and Potential Analysis
35. Appendix
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