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Aerospace Insulation Market Recent Trends,Market Growth,Top Manufacturers Analysis,Business Opportunities and Demand

Author : Ronak Bora | Published Date : 2020-08-28 

The aerospace insulation market is likely to register substantial growth in the coming years due to constant innovations, increasing fleet sizes, projected rise in air traffic, and the subsequent rise in demand for commercial aircrafts. The aerospace industry relies heavily on lightweight material solutions regarding high temperature insulation.

Aircraft functions in extreme conditions, and should meet certain basic operational as well as safety standards with regards to both weight and temperature specifications, and overall performance as well. While safety is the topmost priority regarding commercial air travel, comfort also takes up a significant portion of the industry focus. Which is why temperature regulation is important to the aviation sector.

The aerospace insulation market is segmented in terms of product, material, aircraft, application, platform, and regional landscape.

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Based on product, the aerospace insulation market is classified into electric insulation, vibration insulation, acoustic insulation, and thermal insulation. Vibration insulation segment will witness around 4% CAGR over the forecast timeframe since it plays an important role in vibration damping in the aero structure.

With respect to material, the aerospace insulation market is categorized into mineral wool, fiber glass, ceramic material, and foamed plastics. In 2019, mineral wool held over 33% industry share as it is a non-combustible insulating material ideal for thermal or sound insulation. It will further continue to show appreciative growth. Mineral wool material is also resistant to aging and is non-dangerous to health. The easy handling and high efficiency further give it a high market acceptance along with extensive use.

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In terms of aircraft, the overall aerospace insulation market is bifurcated into space, helicopters, military aircraft, commercial aircraft, and others. Spacecrafts segment will witness significant growth in the coming years. The satellites need thermal insulation to make sure that they are maintaining a constant interior temperature in spite of the extreme temperature variations in space.

Multi-layer insulation is also utilized for satellites in space and other areas to protect satellites and other spacecrafts against the extreme cold and heat conditions that are prevalent in space. The others segment will witness steady growth with increasing retrofit activities.

From a regional frame of reference, the LATAM aerospace insulation market will witness around 2.5% CAGR and is attributed to increasing fleet sizes in the region. The Middle East & Africa aerospace insulation market is likely to witness significant growth in near future owing to rising air traffic and commercial aircraft demand in the region. More particularly, the aviation industry in Middle East is slated to grow considerably over the coming years, stimulating the demand for aerospace insulation.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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