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Asia Pacific Aerospace Insulation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product (Thermal Insulation, Acoustic Insulation, Vibration Insulation, and Electric Insulation), Aircraft (Commercial Aircraft, Military Aircraft, and Helicopters), Application (Engine and Airframe), and Insulation Material (Mineral Wool, Ceramic-based Materials, Foamed Plastics, and Fiberglass)
Market Report I 2022-11-15 I 129 Pages I The Insight Partners
The aerospace insulation market in Asia Pacific is expected to grow from US$ 1,375.91 million in 2022 to US$ 1,876.47 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2022 to 2028.
Upsurging Globalization and Increased International Trade
Increase in globalization and international trade is driving global connectivity, and with the increase in global connectivity there has been increase in aerospace production. The growth is driven by continued expansion of the civil aviation sector. Import and export activities has improved the economic condition and has also Air transport carries more than 90% of cross border B2C e-commerce and accounts approximately 35% of the global trade. Air transport is key to global economic development. This broader economic benefit is helps in connecting two cities allowing the movement of goods, people, capital, technology. COVID-19 has caused a significant loss of air connectivity. As due to travel restrictions, in 2020, the number of unique city pairs reduced by 30%. In 2021, the unique connectivity of city pairs started recovering partially and airlines are expanded their networks with travel facilitation with the restriction sin few regions. However, it will be 15% lower 2019 levels. Air transport is vital for international trade in manufactured goods, particularly for the components industry that accounts for a major part of cross border trade, which supports the growth of airline industry and with the growth of airline industry the demand for aerospace insulation is expected to grow. Government across the region are supporting the airlines in the form of capital investment, deferring payments of taxes and reducing tax liabilities.
Market Overview
Emerging economies in the Asia Pacific, including Australia, China, India, South Korea, and Japan, are largely fueling the growth of the aerospace industry owing to the emergence of the aircraft manufacturing industry in the region, which is further expected to propel the demand for aerospace insulation over the forecast period. Another major supporting driver in the region is the opening of assembly plants of Boeing in this region. Moreover, there is growth in investments in new airport development in the Asia Pacific, due to which there are opportunities for aircraft insulation materials adoption. These factors are expected to drive the growth of the aerospace insulation market in the region. Furthermore, according to the Indian Government report, Indian Air Force is in the process of acquiring around 200 aircraft to cope with the depleting aerial inventories. Thus, surging demand of aircrafts from developing nations like China and India for the strengthening of defense sector is boosting the use of aerospace insulators and expected to drive the market growth in the region.
Asia Pacific Aerospace Insulation Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Aerospace Insulation Market Segmentation
The Asia Pacific aerospace insulation market is segmented into product, insulation material, aircraft, application, and country.
Based on product, the market is segmented into thermal insulation, acoustic insulation, electric insulation, and vibration insulation. The thermal insulation segment registered the largest market share in 2022. Based on insulation material, the market is categorized into mineral wool, ceramic-based materials, foamed plastics, and fiberglass and others. The ceramic-based materials segment held the largest market share in 2022. Based on aircraft, the Asia Pacific aerospace insulation market is segmented into commercial aircraft, military aircraft, and helicopters. The commercial aircraft segment held the largest market share in 2022. Based on application, the Asia Pacific aerospace insulation market is bifurcated into engine and airframe. The airframe segment held the largest market share in 2022. Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. China dominated the market share in 2022. Duracote Corporation; Rogers Corporation; DuPont; BASF SE; 3M; Morgan Advanced Materials Plc; Polymer Technologies Inc.; TransDigm Group Incorporated; and Triumph Group, Inc. are the leading companies operating in the aerospace insulation market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Aerospace Insulation Market, by Product
1.3.2 Asia Pacific Aerospace Insulation Market, by Insulation Material
1.3.3 Asia Pacific Aerospace Insulation Market, by Aircraft
1.3.4 Asia Pacific Aerospace Insulation Market, by Application
1.3.5 Asia Pacific Aerospace Insulation Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Aerospace Insulation Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors/Suppliers:
4.3.4 End Users:
4.4 Expert Opinion
5. Asia Pacific Aerospace Insulation Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Widening Demand for Lightweight Insulation Materials
5.1.2 Increasing Aircraft Manufacturing Sector and Increase in Fleet Replacement
5.2 Market Restraints
5.2.1 Restricted Recyclability of Insulation Materials
5.3 Market Opportunities
5.3.1 Elevating Aircraft Industry in Emerging Economies
5.4 Market Future Trends
5.4.1 Raising Globalization and Increased International Trade
5.5 Impact Analysis
6. Asia Pacific Aerospace Insulation - Market Analysis
6.1 Market Overview
6.2 Asia Pacific Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Aerospace Insulation Market Analysis - by Product
7.1 Overview
7.2 Asia Pacific Aerospace Insulation Market, By Product (2021 and 2028)
7.3 Thermal Insulation
7.3.1 Overview
7.3.2 Thermal Insulation: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Acoustic Insulation
7.4.1 Overview
7.4.2 Acoustic Insulation: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Electric Insulation
7.5.1 Overview
7.5.2 Electric Insulation: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Vibration Insulation
7.6.1 Overview
7.6.2 Vibration Insulation: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Aerospace Insulation Market Analysis - by Insulation Material
8.1 Overview
8.2 Asia Pacific Aerospace Insulation Market, By Insulation Material (2021 and 2028)
8.3 Mineral Wool
8.3.1 Overview
8.3.2 Mineral Wool: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Ceramic-based Material
8.4.1 Overview
8.4.2 Ceramic-based Material: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Foamed Plastics
8.5.1 Overview
8.5.2 Foamed Plastics: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Fiberglass and Others
8.6.1 Overview
8.6.2 Fiberglass and Others: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Aerospace Insulation Market Analysis - by Aircraft
9.1 Overview
9.2 Asia Pacific Aerospace Insulation Market, By Aircraft (2021 and 2028)
9.3 Commercial Aircraft
9.3.1 Overview
9.3.2 Commercial Aircraft: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Military Aircraft
9.4.1 Overview
9.4.2 Military Aircraft: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Helicopters
9.5.1 Overview
9.5.2 Helicopters: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Aerospace Insulation Market Analysis - by Application
10.1 Overview
10.2 Asia Pacific Aerospace Insulation Market, By Application (2021 and 2028)
10.3 Engine
10.3.1 Overview
10.3.2 Engine: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Airframe
10.4.1 Overview
10.4.2 Airframe: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
11. Asia Pacific Aerospace Insulation Market - Country Analysis
11.1 Market Overview
11.1.1 Asia Pacific: Aerospace Insulation Market, by Key Country
11.1.1.1 Australia: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Aerospace Insulation Market, By Product
11.1.1.1.2 Australia: Aerospace Insulation Market, by Insulation Material
11.1.1.1.3 Australia: Aerospace Insulation Market, By Aircraft
11.1.1.1.4 Australia: Aerospace Insulation Market, by Application
11.1.1.2 China: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Aerospace Insulation Market, By Product
11.1.1.2.2 China: Aerospace Insulation Market, by Insulation Material
11.1.1.2.3 China: Aerospace Insulation Market, By Aircraft
11.1.1.2.4 China: Aerospace Insulation Market, by Application
11.1.1.3 Japan: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Japan: Aerospace Insulation Market, By Product
11.1.1.3.2 Japan: Aerospace Insulation Market, by Insulation Material
11.1.1.3.3 Japan: Aerospace Insulation Market, By Aircraft
11.1.1.3.4 Japan: Aerospace Insulation Market, by Application
11.1.1.4 India: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 India: Aerospace Insulation Market, by Product
11.1.1.4.2 India: Aerospace Insulation Market, by Insulation Material
11.1.1.4.3 India: Aerospace Insulation Market, by Aircraft
11.1.1.4.4 India: Aerospace Insulation Market, by Application
11.1.1.5 South Korea: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Aerospace Insulation Market, By Product
11.1.1.5.2 South Korea: Aerospace Insulation Market, by Insulation Material
11.1.1.5.3 South Korea: Aerospace Insulation Market, By Aircraft
11.1.1.5.4 South Korea: Aerospace Insulation Market, by Application
11.1.1.6 Rest of Asia Pacific: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Asia Pacific: Aerospace Insulation Market, By Product
11.1.1.6.2 Rest of Asia Pacific: Aerospace Insulation Market, by Insulation Material
11.1.1.6.3 Rest of Asia Pacific: Aerospace Insulation Market, By Aircraft
11.1.1.6.4 Rest of Asia Pacific: Aerospace Insulation Market, by Application
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Duracote Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Rogers Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 DuPont
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BASF SE
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 3M
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 TransDigm Group Incorporated
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Triumph Group, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Morgan Advanced Materials Plc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Polymer Technologies Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Aerospace Insulation Market, By Product- Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Aerospace Insulation Market, by Insulation Material - Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Aerospace Insulation Market, By Aircraft- Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia Aerospace Insulation Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. China Aerospace Insulation Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 7. China Aerospace Insulation Market, by Insulation Material - Revenue and Forecast to 2028 (US$ Million)
Table 8. China Aerospace Insulation Market, By Aircraft - Revenue and Forecast to 2028 (US$ Million)
Table 9. China Aerospace Insulation Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan Aerospace Insulation Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan Aerospace Insulation Market, by Insulation Material - Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan Aerospace Insulation Market, By Aircraft - Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan Aerospace Insulation Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 14. India Aerospace Insulation Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 15. India Aerospace Insulation Market, by Insulation Material - Revenue and Forecast to 2028 (US$ Million)
Table 16. India Aerospace Insulation Market, By Aircraft - Revenue and Forecast to 2028 (US$ Million)
Table 17. India Aerospace Insulation Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea Aerospace Insulation Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea Aerospace Insulation Market, by Insulation Material - Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea Aerospace Insulation Market, By Aircraft - Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea Aerospace Insulation Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Asia Pacific Aerospace Insulation Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Asia Pacific Aerospace Insulation Market, by Insulation Material - Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Asia Pacific Aerospace Insulation Market, By Aircraft - Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Asia Pacific Aerospace Insulation Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 26. Glossary of Terms, Asia Pacific Aerospace Insulation Market
LIST OF FIGURES
Figure 1. Asia Pacific Aerospace Insulation Market Segmentation
Figure 2. Asia Pacific Aerospace Insulation Market Segmentation - By Country
Figure 3. Asia Pacific Aerospace Insulation Market Overview
Figure 4. Asia Pacific Aerospace Insulation Market, By Product
Figure 5. Asia Pacific Aerospace Insulation Market, by Country
Figure 6. Asia Pacific Aerospace Insulation Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Asia Pacific Aerospace Insulation Market - Ecosystem
Figure 9. Expert Opinion
Figure 10. Asia Pacific Aerospace Insulation Market Impact Analysis of Drivers and Restraints
Figure 11. Asia Pacific Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. Asia Pacific Aerospace Insulation Market Revenue Share, By Product (2021 and 2028)
Figure 13. Thermal Insulation: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Acoustic Insulation: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Electric Insulation: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Vibration Insulation: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asia Pacific Aerospace Insulation Market Revenue Share, By Insulation Material (2021 and 2028)
Figure 18. Mineral Wool: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Ceramic-based Material: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Foamed Plastics: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Fiberglass and Others: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Asia Pacific Aerospace Insulation Market Revenue Share, By Aircraft (2021 and 2028)
Figure 23. Commercial Aircraft: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Military Aircraft: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Helicopters: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Asia Pacific Aerospace Insulation Market Revenue Share, By Application (2021 and 2028)
Figure 27. Engine: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Airframe: Aerospace Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Geographic Overview of Asia Pacific Aerospace Insulation Market
Figure 30. Asia Pacific: Aerospace Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. Australia: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. China: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 33. Japan: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. India: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 35. South Korea: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of Asia Pacific: Aerospace Insulation Market -Revenue and Forecast to 2028 (US$ Million)
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