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Middle East & Africa 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)
- Report Code : BMIRE00027487
- Pages : 113
The aerospace insulation market in Middle East & Africa is expected to grow from US$ 266.57 million in 2022 to US$ 341.11 million by 2028. It is estimated to grow at a CAGR of 4.2% from 2022 to 2028.
Extension of Aircraft Industry in Emerging Economies
The expansion of aircraft industry in emerging economies such as Middle East and Africa has seen growth owing to advances in air travel technologies. Aviation facilities access to countries and cities, which has projected the production of aircrafts. Further, change in social behavior, and low-interest rates are increasing the production of aerospace. Further, demand for commercial air travel is on the rise, while economic recovery means civil helicopters and business aircraft are also in demand, and companies are focusing on innovation to develop new technologies and solutions, create new markets and expand opportunities. As industry players expand their portfolios and focus on divestments of non-core assets, well-prepared companies with strong balance sheets should make smart merger & acquisition decisions that increase shareholder value, supporting market growth. Aviation provides the not only rapid global transportation but also build network and generate economic growth, create jobs, and facilitates international trade and tourism. Aviation has become the engine of global business and is now recognized by the international community as an essential factor in achieving the sustainable development Goals.
Market Overview
The aerospace insulation market in the Middle East & Africa is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The market is expected to grow at a significant rate in the region due to the continuous rise in spending on R&D activities in the aerospace sector by prominent players in the region. Rapid urbanization has resulted in shifting preference toward air travel and developed aircraft deliveries, which is anticipated to increase product penetration. The maximum share in the market is attributed to the rapid industrialization, and growth in disposable income resulting in more passengers opting for air travel. Growth in the manufacturing of aircraft & aircraft components in the region is expected to drive the aerospace insulation market in the forecast period in Middle East and Africa.
Middle East & Africa Aerospace Insulation Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Aerospace Insulation Market Segmentation
The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 South Africa, Saudi Arabia, UAE, and Rest of MEA. The UAE dominated the market share in 2022. Duracote Corporation; Rogers Corporation; DuPont; BASF SE; 3M; Morgan Advanced Materials Plc; and Polymer Technologies 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 Middle East & Africa Aerospace Insulation Market, by Product
1.3.2 Middle East & Africa Aerospace Insulation Market, by Insulation Material
1.3.3 Middle East & Africa Aerospace Insulation Market, by Aircraft
1.3.4 Middle East & Africa Aerospace Insulation Market, by Application
1.3.5 Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Aerospace Insulation Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Lightweight Insulation Materials
5.1.2 Increasing Aircraft Manufacturing Sector and Increase in Fleet Replacement
5.2 Market Restraints
5.2.1 Limited Recyclability of Insulation Materials
5.3 Market Opportunities
5.3.1 Expansion of Aircraft Industry in Emerging Economies
5.4 Market Future Trends
5.4.1 Upsurging Globalization and Increased International Trade
5.5 Impact Analysis
6. Middle East & Africa Aerospace Insulation – Market Analysis
6.1 Aerospace Insulation Market Overview
6.2 Middle East & Africa Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Aerospace Insulation Market Analysis – by Product
7.1 Overview
7.2 Middle East & Africa 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. Middle East & Africa Aerospace Insulation Market Analysis – by Insulation Material
8.1 Overview
8.2 Middle East & Africa 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. Middle East & Africa Aerospace Insulation Market Analysis – by Aircraft
9.1 Overview
9.2 Middle East & Africa 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. Middle East & Africa Aerospace Insulation Market Analysis – by Application
10.1 Overview
10.2 Middle East & Africa 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. Middle East & Africa Aerospace Insulation Market – Country Analysis
11.1 Market Overview
11.1.1 Middle East and Africa: Aerospace Insulation Market, by Key Country
11.1.1.1 South Africa: Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 South Africa: Aerospace Insulation Market, By Product
11.1.1.1.2 South Africa: Aerospace Insulation Market, by Insulation Material
11.1.1.1.3 South Africa: Aerospace Insulation Market, By Aircraft
11.1.1.1.4 South Africa: Aerospace Insulation Market, by Application
11.1.1.2 Saudi Arabia: Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Saudi Arabia: Aerospace Insulation Market, By Product
11.1.1.2.2 Saudi Arabia: Aerospace Insulation Market, by Insulation Material
11.1.1.2.3 Saudi Arabia: Aerospace Insulation Market, By Aircraft
11.1.1.2.4 Saudi Arabia: Aerospace Insulation Market, by Application
11.1.1.3 UAE: Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 UAE: Aerospace Insulation Market, by Product
11.1.1.3.2 UAE: Aerospace Insulation Market, by Insulation Material
11.1.1.3.3 UAE: Aerospace Insulation Market, by Aircraft
11.1.1.3.4 UAE: Aerospace Insulation Market, by Application
11.1.1.4 Rest of Middle East and Africa: Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Rest of Middle East and Africa: Aerospace Insulation Market, By Product
11.1.1.4.2 Rest of Middle East and Africa: Aerospace Insulation Market, by Insulation Material
11.1.1.4.3 Rest of Middle East and Africa: Aerospace Insulation Market, By Aircraft
11.1.1.4.4 Rest of Middle East and Africa: 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 Morgan Advanced Materials Plc
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 Polymer Technologies 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
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Aerospace Insulation Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Aerospace Insulation Market, by Insulation Material – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa Aerospace Insulation Market, By Aircraft – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa Aerospace Insulation Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia Aerospace Insulation Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia Aerospace Insulation Market, by Insulation Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia Aerospace Insulation Market, By Aircraft – Revenue and Forecast to 2028 (US$ Million)
Table 9. Saudi Arabia Aerospace Insulation Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE Aerospace Insulation Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE Aerospace Insulation Market, by Insulation Material – Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE Aerospace Insulation Market, By Aircraft – Revenue and Forecast to 2028 (US$ Million)
Table 13. UAE Aerospace Insulation Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Middle East and Africa Aerospace Insulation Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of Middle East and Africa Aerospace Insulation Market, by Insulation Material – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of Middle East and Africa Aerospace Insulation Market, By Aircraft– Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Middle East and Africa Aerospace Insulation Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Glossary of Terms, Middle East & Africa Aerospace Insulation Market
LIST OF FIGURES
Figure 1. Middle East & Africa Aerospace Insulation Market Segmentation
Figure 2. Middle East & Africa Aerospace Insulation Market Segmentation – By Country
Figure 3. Middle East & Africa Aerospace Insulation Market Overview
Figure 4. Middle East & Africa Aerospace Insulation Market, By Product
Figure 5. Middle East & Africa Aerospace Insulation Market, by Country
Figure 6. Middle East & Africa Aerospace Insulation Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis
Figure 8. Middle East & Africa Aerospace Insulation Market – Ecosystem
Figure 9. Expert Opinion
Figure 10. Middle East & Africa Aerospace Insulation Market Impact Analysis of Drivers and Restraints
Figure 11. Middle East & Africa Aerospace Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa 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 Middle East & Africa Aerospace Insulation Market
Figure 30. Middle East and Africa: Aerospace Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. South Africa: Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Saudi Arabia: Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. UAE: Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Middle East and Africa: Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa aerospace insulation market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa aerospace insulation market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the aerospace insulation market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The List of Companies – Middle East & Africa Aerospace Insulation Market
● Duracote Corporation
● Rogers Corporation
● DuPont
● BASF SE
● 3M
● Morgan Advanced Materials Plc
● Polymer Technologies Inc.
At 5.3% CAGR, the Middle East & Africa Aerospace Insulation Market is speculated to be worth US$ 1,876.47 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Middle East & Africa aerospace insulation market was valued at US$ 266.57 million in 2022 and is expected to reach US$ 341.11 million by 2028, registering an annual growth rate of 4.2% from 2022 to 2028. Extension of aircraft industry in emerging economies and 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.
On the contrary, limited recyclability of insulation materials.
Based on product, the Middle East & Africa aerospace insulation market is segmented into thermal insulation, acoustic insulation, electric insulation, and vibration insulation. The thermal insulation segment held 63.2% market share in 2022, amassing US$ 168.54 million. It is projected to garner US$ 216.35million by 2028 to expand at 4.2% CAGR during 2022–2028. Based on insulation material, the Middle East & Africa aerospace insulation market is categorized into mineral wool, ceramic-based materials, foamed plastics, and fiberglass and others. The ceramic-based materials segment held 47.2% market share in 2022, amassing US$ 125.83 million. It is projected to garner US$ 164.87 million by 2028 to expand at 4.6% CAGR during 2022–2028. Based on aircraft, the Middle East & Africa aerospace insulation market is segmented into commercial aircraft, military aircraft, and helicopters. The commercial aircraft segment held 72.0% market share in 2022, amassing US$ 191.89 million. It is projected to garner US$ 248.49 million by 2028 to expand at 4.4% CAGR during 2022–2028. Based on application, the Middle East & Africa aerospace insulation market is bifurcated into engine and airframe. The airframe segment held 69.9% market share in 2022, amassing US$ 186.45 million. It is projected to garner US$ 238.06 million by 2028 to expand at 4.2% CAGR during 2022–2028. Based on country, the Middle East & Africa aerospace insulation market has been segmented into South Africa, Saudi Arabia, the UAE, and Rest of MEA. Our regional analysis states that the UAE captured 31.1% market share in 2022. It was assessed at US$ 82.96 million in 2022 and is likely to hit US$ 108.73 million by 2028, exhibiting a CAGR of 4.6% during the forecast period. Key players dominating the Middle East & Africa aerospace insulation market are Duracote Corporation; Rogers Corporation; DuPont; BASF SE; 3M; Morgan Advanced Materials Plc; and Polymer Technologies Inc. among others.
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