The global aircraft insulation market size is projected to grow from USD 5.5 billion in 2021 to USD 8.2 billion by 2026, at a CAGR of 8.3% from 2021 to 2026. The market is driven by various factors, such as increase in demand for lightweight materials, introduction of advanced acoustic and fire resistant materials resulting in safer operations of aircraft, declining cost of composite materials, and increasing demand for military helicopters.
DuPont (US), BASF SE (Germany), Safran Group (France), Rogers Corporation (US), Morgan Advanced Materials (UK), Triumph Group, Inc. (US), Transdigm Group, Inc. (US), and Zotefoams (UK) are some of the leading companies in the defence sector. The focus of these players is to provide rugged and reliable systems including aircraft insulation which can be used in various different missiles. Their Research and Development (R&D) activities makes their hold on this market even stronger.
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BASF SE is a global chemical company. It provides its products for various industries such as automotive, construction and coatings, health and nutrition, aerospace, and others. The company was a prominent player in the aircraft insulation market owing to the increasing product launches by the company in the field of aircraft insulation.
DuPont is a global provider of technology-based materials and solutions. It is one of the leading manufacturers of large equipment across the globe. The company had 34,000 employees as of 2020. The company was the key manufacturer of aircraft insulation due to its vast product portfolio and large geographic presence, it has been ranked as one of the most prominent players in the global aircraft insulation market.
Safran manufactures several products for aircraft equipment, aircraft interiors, aircraft propulsion, defense, and space. The company strengthened its position in the global aircraft insulation market by acquiring Zodiac Aerospace (US), a global provider of aerospace equipment. Furthermore, the company’s significant industry experience and global reach are some of the other reasons the company entered the list of top players in the global aircraft insulation market.
Triumph Group, Inc. became one of the top players in the aircraft insulation due to its collaboration with Boeing to provide Environmental Control Systems (ECS) ducting and floor panels. Furthermore, the company’s experience in the aerospace industry and technologically advanced products also made the company as one of the key players in the global aircraft insulation market.
Transdigm Group, Inc. is a global designer, supplier, and manufacturer of engineered aircraft components for both commercial and military aviation industries. The company’s acquisition of Esterline Technologies Corporation (US), a manufacturer of aircraft parts & components, machine tool systems, aircraft insulation systems, and automated drilling products enhanced Transdigm Group, Inc. position in the global aircraft insulation market.
Aircraft Insulation Market by Platform (Fixed Wing, Rotary Wing), Type (Thermal, Acoustic & Vibration, Electric), Material (Foamed Plastics, Fiberglass, Mineral Wool, Ceramic-based Materials), Application (Airframe, Engine) and Region - Forecast to 2026
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