The aircraft insulation market is estimated to be valued at USD 7.46 billion in 2017 and is projected to reach USD 9.89 billion by 2022, at a CAGR of 5.79% during the forecast period.

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Technological advancements in the field of aircraft insulation have provided lucrative growth opportunities to aircraft insulation manufacturers. Manufacturers of aircraft insulation are focused on enhancing their market share by engaging in research & development activities to develop high-performance insulation that offer less drag and are lightweight.

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The use of composite materials to develop aircraft insulation help reduce the weight of aircraft, thereby making them fuel efficient. In addition, major players in the aircraft insulation market are developing insulation that help reduce operational and maintenance costs. For instance, Esterline Technologies Corporation (U.S.) signed a four-year term contract with Boeing Defense Services (U.S.) for delivering clamping solutions to support Boeing Military Aircraft warfighters, which include the F/A -18, F-15, C-17, and F-22. This clamping solutions helps the wires and tubes from any disturbance such as high-temperature, high-vibration environments.

Demand for lightweight insulation materials driving the growth of the market

Increase in demand for lightweight insulation materials is a key factor that is expected to drive the aircraft insulation market. There is an increase in the use of composite materials to manufacture aerostructures. These materials include mortars, concrete, fibre-reinforced polymer, metal composites, and ceramic composites. These materials are combined to make composite materials that have high strength, flexibility, and are lightweight as compared to aluminium or steel. Furthermore, these materials are corrosion-resistant, which keeps the covers of an aerostructures tight under any weather condition.

Investments made towards research & development of new materials in the aircraft insulation market have led to the development of advanced composite materials, such as Polymer Matrix Composites (PMCs), Ceramic Matrix Composites (CMCs), and Metal Matrix Composites (MMCs). These composites have heat absorption capacity, less weight, noise cancellation capability, vibration absorbance, etc.

Such advancements in the aircraft insulation technology are expected to lead to their demand during the forecast period.

Increase in commercial aircraft deliveries and passenger traffic

Increase in aircraft deliveries is one of the key factors driving the aircraft insulation market. Aircraft insulation is being increasingly procured by the commercial aviation industry. There has been a rise in aircraft orders over the past few years, owing to an increase in air passenger traffic mainly driven by the rise in disposable income of the middle-class population in Asia Pacific and Middle Eastern regions, and increase in efficiency of aircraft operations and profitability of airline companies due to falling crude oil prices. Increase in orders from airlines has created opportunities for manufacturers to deliver new aircraft at a fast rate. Furthermore, rise in commercial aircraft deliveries hugely influence the demand for aircraft insulation.

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