Albany, NY -- (SBWIRE) -- 06/06/2019 -- The aerodynamic movement and noise of aircraft engines has been a matter of concern. The need for safer travel and simplified communication inside the aircraft deck has amplified in the recent years and is being addressed on priority. With enough significance given to aircraft safety, the use of aircraft insulation materials have gained prominence for its ability to ensure passenger safety and comfort.
Demand for Lightweight Materials to Bring along Innovation Opportunities
Growing demand for high-performance aircraft insulation materials is expected to boost the research for effective cutting-edge aircraft insulation materials. Emergence of light-weight materials would bring major opportunities for the aircraft insulation materials manufacturers—creating room for innovation. For instance, the material called Airloy, introduced by Aerogel Technologies provides effective sound proofing and insulation for aerospace interiors. Most importantly, Airloy further reduces the weight of the aircraft, over other materials. The polymer aerogels are versatile owing to which they find their application with composite material and antenna in the aerospace interiors.
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Moreover, the aviation regulatory bodies around the world are imposing stringent regulations for safety, norms and rules for the deployment of aircraft insulation materials by the aircraft manufacturers on a large scale. The aviation regulatory body in the United States, Federal Aviation Administration (FAA) has imposed stringent regulations pertaining to the adoption of aircraft insulation materials for the safety in air transport. As per the FAA, aircraft insulation materials are required to be robust and tough, enough to deal with highly-intensive thermal temperatures. These requirements set by the governing bodies enable manufacturers to design improved aircraft insulation materials.
Furthermore, the various steps taken by the European Union, where the EU researchers are focusing on advanced testing of aircraft insulation materials to evaluate factors effecting the performance of aircraft insulation materials. Such research and development initiatives by the governing bodies will drive the growth of aircraft insulation materials market.
European market for Aircraft Insulation Materials to Witness Surge in Production
Amongst the key regions such Western Europe, North America, Middle East and Africa (MEA), Latin America, Eastern Europe, Japan, and Asia Pacific Excluding Japan, the European market has been showcasing tremendous opportunities for the manufacturers of aircraft insulation materials. Increasing investments are expected to trigger the growth of production of insulation materials. A Turkish-Belgium joint venture for setting up the manufacturing plant for insulation materials in the Alsózsolca, Hungary acts as a major future prospect.
Furthermore, growing aerospace industry in Asia Pacific is expected to offer sales opportunities to providers of aircraft insulation materials. As per industry experts, the aircraft fleet size of APAC will supersede Europe and North America—with the number almost standing at more than 13,200 by the end of 2034. Moreover, growing investments in new airport development in APAC, will open huge opportunities for aircraft insulation materials adoption. As per Bombardier's forecast for 2017 to 2036, the outlook for air travel remains promising considering the growing consumer spending on air travel.
Key Players Expanding Product Portfolio; NPD Remains the Larger Goal
Manufacturers in the aircraft insulation materials market are seen focusing on bringing new innovations to cater to the changing requirements within the aerospace industry. With the increasing need for safety, demand for advanced and effective aircraft insulation materials has also surfaced, translating into improved security and comfort for passengers.
The key aircraft insulation material market players recognized across the value chain include Polymer Technologies, Inc., E. I. du Pont de Nemours and Company, Insultech, LLC, UPF Corporation, BASF SE, Duracote Corporation, Morgan Advanced Materials Porextherm Dämmstoffe GmbH, Aircraft Cabin Modification GmbH, The Soundcoat Company, and Dunmore.
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Amongst these aircraft insulation materials manufacturers, Dunmore and Duracote Corporation are expanding their product portfolio to reach out to a larger consumer base. Aircrafts are seen relying on the Dunmore Aerospace for the comfortable and quiet experience offered by their high performance laminate film materials. Furthermore, the acquisition of Dunmore by Steel Partners provides the latter with a growth platform. The deal helps them serve the aerospace better while deepening their penetration in the insulation market and opening new adjacent markets for their existing capability and technology. Duracote on the other hand has introduced a new sonic decoupled sound material for aircrafts that allows optimizing the acoustic levels of the interiors in the aircraft.
DuPont, a leading manufacturer aircraft insulation materials, in order to furnish efficient products, opened its Innovation Center in the Silicon Valley to support innovations in the Bay Area. The site is dedicated to highlighting the exploratory and newly featured projects, on-site prototyping, and laboratories for fostering ideation, translating into improved connections between market experts, innovators, and customers.
Classification of the Aircraft Insulation Materials Market on the Basis of Key Factors
The key factors based on which the aircraft insulation materials market is segmented are application and product type.
- When segmented based on the application, the aircraft insulation materials market is sub-divided into acoustic aircraft insulation materials, anti-vibration aircraft insulation materials, thermal aircraft insulation materials, fire barrier aircraft insulation materials, and electric aircraft insulation materials.
- Based on product type, the aircraft insulation materials market is segmented into ceramic-based aircraft insulation materials, mineral wool aircraft insulation materials, foamed plastics aircraft insulation materials, and fiberglass aircraft insulation materials.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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