Aerospace Insulation Market Growth Potential & Forecast, 2018 – 2024

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Aerospace Insulation Market to grow at over 7.5
CAGR from 2018 to 2024
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Key Insights from Aerospace Insulation Market

• Rising demand for air traffic across the globe
  along with stringent government regulations
  pertaining to materials used in aircraft
  insulation with enhanced properties are driving
  the industry growth during the forecast period.
• The increasing focus on lightweight aircrafts in
  the commercial and military sector is boosting
  the aerospace insulation industry. Industry
  participants are increasingly investing in
  research activities for introducing light weight
  and cost competitive alternatives with high
  recyclable content and modular functionalities
  which will further strengthen the industry
  revenue over the forecast time span.
• Electric aerospace insulation market share is
  expected to witness the highest CAGR at over 11
  from 2018 to 2024. This growth can be credited to
  the increasing number of electrical components in
  aircrafts. Thus, the requirement of efficient
  temperature management for preventing overheating
  and short circuiting will support the segment
  dominance over the next six years.

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Continued
Regulatory authorities across the globe including
Federal Aviation Administration (FAA) and
European Aviation Safety Agency (EASA) are
amending multiple standards and procedures for
increasing the flights safety. The ceramic
material in aerospace insulation industry will
capture the maximum revenue share of around 52
by 2024. The segment dominance can be attributed
to the exceptional properties such as enhanced
chemical inertness, tensile strength, and high
melting temperatures. The aerospace insulation
market share from commercial aircrafts will
exhibit maximum volume share of over 180 kilo
tons by 2024. Rising domestic and international
air traffic globally owing to affordable fares
coupled with increased aircraft production will
provide a positive outlook for the industry over
the forecast time frame.
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U.S. Aerospace Insulation Market, By Product,
2017 2024, (Tons)

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Major Companies in Aerospace Insulation Market

• 3M
• Hutchinson
• BASF SE
• DuPont
• Zodiac Aerospace
• Esterline Technologies Corporation
• Johns Manville
• Evonik Industries
• Polymer Technologies

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Industry Coverage

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Regional Insights in Aerospace Insulation Market

• North America is set to capture maximum industry
  volume share of around 40 over the projected
  time line. Increasing aircraft production and
  deliveries owing to rising air traffic and the
  presence of multiple industry players in the U.S.
  are expanding the regional aerospace insulation
  market share till 2024.

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