The aerospace insulation market in South & Central America is expected to grow from US$ 355.26 million in 2022 to US$ 443.20 million by 2028. It is estimated to grow at a CAGR of 3.8% from 2022 to 2028.
Elevating Aircraft Industry in Emerging Economies
The expansion of aircraft industry in emerging economies such as South & Central America 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 market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil is one of the strongest competitors in aircraft manufacturing in the global market. Embraer is one of the leading aircraft manufacturers located in Brazil and is expected to fuel the demand in South and Central America. The rising number of air passengers in the region, coupled with new orders to support the same, is anticipated to fuel the demand for aerospace insulation and drive the market growth over the forecast period. Moreover, manufacturers in the region are investing in strategic initiatives such as product development, merger, and acquisition to gain a competitive position in the market. For instance, In March 2021, Triumph Group and AFI KLM E&M collaborated to provide expanded ‘new gen’ nacelle maintenance, repair and overhaul (MRO) services for customers based in North and South America. The formation of this joint venture, subject to regulatory approval, represents the critical first phase of the parties previously announced strategic collaboration. Such initiatives taken by manufacturers are further expected to propel the market growth in the region.
South & Central America Aerospace Insulation Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Aerospace Insulation Market Segmentation
The South & Central America 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 South & Central America 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 South & Central America 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 Brazil, Argentina, and Rest of SAM. Brazil 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 South & Central America Aerospace Insulation Market, by Product
1.3.2 South & Central America Aerospace Insulation Market, by Insulation Material
1.3.3 South & Central America Aerospace Insulation Market, by Aircraft
1.3.4 South & Central America Aerospace Insulation Market, by Application
1.3.5 South & Central America 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. South & Central America 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. South & Central America Aerospace Insulation Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Raising Demand for Lightweight Insulation Materials
5.1.2 Scaling 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 Elevating Aircraft Industry in Emerging Economies
5.4 Market Future Trends
5.4.1 Extending Globalization and Increased International Trade
5.5 Impact Analysis
6. South & Central America Aerospace Insulation – Market Analysis
6.1 Aerospace Insulation Market Overview
6.2 Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
7. South & Central America Aerospace Insulation Market Analysis – by Product
7.1 Overview
7.2 South & Central America 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. South & Central America Aerospace Insulation Market Analysis – by Insulation Material
8.1 Overview
8.2 South & Central America 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. South & Central America Aerospace Insulation Market Analysis – by Aircraft
9.1 Overview
9.2 South & Central America 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. South & Central America Aerospace Insulation Market Analysis – by Application
10.1 Overview
10.2 South & Central America 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. South & Central America Aerospace Insulation Market – Country Analysis
11.1 Market Overview
11.1.1 South and Central America Aerospace Insulation Market, by Key Country
11.1.1.1 Brazil: Aerospace Insulation Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Aerospace Insulation Market, By Product
11.1.1.1.2 Brazil: Aerospace Insulation Market, by Insulation Material
11.1.1.1.3 Brazil: Aerospace Insulation Market, By Aircraft
11.1.1.1.4 Brazil: Aerospace Insulation Market, by Application
11.1.1.2 Argentina: Aerospace Insulation Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Argentina: Aerospace Insulation Market, By Product
11.1.1.2.2 Argentina: Aerospace Insulation Market, by Insulation Material
11.1.1.2.3 Argentina: Aerospace Insulation Market, By Aircraft
11.1.1.2.4 Argentina: Aerospace Insulation Market, by Application
11.1.1.3 Rest of South & Central America: Aerospace Insulation Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Rest of South & Central America: Aerospace Insulation Market, By Product
11.1.1.3.2 Rest of South & Central America: Aerospace Insulation Market, by Insulation Material
11.1.1.3.3 Rest of South & Central America: Aerospace Insulation Market, By Aircraft
11.1.1.3.4 Rest of South & Central America: 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 Johns Manville
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 Morgan Advanced Materials Plc
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
13.10 Polymer Technologies Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Aerospace Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Aerospace Insulation Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Aerospace Insulation Market, by Insulation Material – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Aerospace Insulation Market, By Aircraft – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Aerospace Insulation Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Aerospace Insulation Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Aerospace Insulation Market, by Insulation Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina Aerospace Insulation Market, By Aircraft – Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina Aerospace Insulation Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South & Central America Aerospace Insulation Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South & Central America Aerospace Insulation Market, by Insulation Material – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South & Central America Aerospace Insulation Market, By Aircraft – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South & Central America Aerospace Insulation Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Aerospace Insulation Market
LIST OF FIGURES
Figure 1. South & Central America Aerospace Insulation Market Segmentation
Figure 2. South & Central America Aerospace Insulation Market Segmentation – By Country
Figure 3. South & Central America Aerospace Insulation Market Overview
Figure 4. South & Central America Aerospace Insulation Market, By Product
Figure 5. South & Central America Aerospace Insulation Market, by Country
Figure 6. South & Central America Aerospace Insulation Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis
Figure 8. South & Central America Aerospace Insulation Market – Ecosystem
Figure 9. Expert Opinion
Figure 10. South & Central America Aerospace Insulation Market Impact Analysis of Drivers and Restraints
Figure 11. Aerospace Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America 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 South & Central America Aerospace Insulation Market
Figure 30. South and Central America Aerospace Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. Brazil: Aerospace Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Argentina: Aerospace Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of South & Central America: 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 South & Central America 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 South & Central America 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 South & Central America 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 – South & Central America Aerospace Insulation Market
● Duracote Corporation
● Rogers Corporation
● DuPont
● BASF SE
● 3M
● Morgan Advanced Materials Plc
● Polymer Technologies Inc.
At 3.8% CAGR, the South & Central America 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 South & Central America aerospace insulation market was valued at US$ 355.26 million in 2022 and is expected to reach US$ 443.20 million by 2028, registering an annual growth rate of 3.8% from 2022 to 2028. Raising demand for lightweight insulation materials and elevating aircraft industry in emerging economies.
Rising for fuel-efficient engines with corrosion-resistant insulation properties is increasing the demand for lightweight insulation materials. Demand for aerospace insulation is also increasing with the growth in manufacturing of aircraft, increase per capita income, and increasing investment is supporting the growth of aerospace insulation. Further, growing initiatives to connect peripheral cities to major aviation hubs, and growing demand for aircraft from the commercial, military and defense is fueling growth to boost the demand for lightweight insulation material. Furthermore, the growing attention to environmental pollution and the growing need to improve fuel efficiency fuel the sector’s growth. Increasing technological advances to reduce manufacturing costs and improve fuel efficiency are expected to provide huge growth opportunities for the industry. Further, there is growth in the use of lightweight composite materials to produce aircraft, as these materials are made from which includes concrete, fiber reinforced polymer, metal composites, and ceramic composites, these materials are combined to make lightweight composite materials which has high strength, flexibility and are lightweight compared to aluminum or steel materials used in aircraft production. In addition, these materials are corrosion resistant, which means that the shell of an aircraft structure remains corrosion resistant in all weather conditions, and an increase in investments in research and development of new materials in the aerospace insulation market led to the development of advanced composite materials, such as Polymer Matrix Composites (PMC), Ceramic Matrix Composites (CMC) and Metal Matrix Composites (MMC). These composites have heat absorbing ability, lower weight, noise reduction, vibration absorption, and others. All these advances in aircraft isolation technology are driving the market growth.
On the contrary, limited recyclability of insulation materials.
Based on product, the South & Central America aerospace insulation market is segmented into thermal insulation, acoustic insulation, electric insulation, and vibration insulation. The thermal insulation segment held 67.2% market share in 2022, amassing US$ 238.90 million. It is projected to garner US$ 299.17 million by 2028 to expand at 3.8% CAGR during 2022–2028. Based on insulation material, the South & Central America aerospace insulation market is categorized into mineral wool, ceramic-based materials, foamed plastics, and fiberglass and others. The ceramic-based materials segment held 53.0% market share in 2022, amassing US$ 188.65 million. It is projected to garner US$ 240.82 million by 2028 to expand at 4.2% CAGR during 2022–2028. Based on aircraft, the South & Central America aerospace insulation market is segmented into commercial aircraft, military aircraft, and helicopters. The commercial aircraft segment held 63.5% market share in 2022, amassing US$ 225.99 million. It is projected to garner US$ 286.10 million by 2028 to expand at 4.0% CAGR during 2022–2028. Based on application, the South & Central America aerospace insulation market is bifurcated into engine and airframe. The airframe segment held 70.7% market share in 2022, amassing US$ 251.76 million. It is projected to garner US$ 316.91 million by 2028 to expand at 3.9% CAGR during 2022–2028. Based on country, the South & Central America aerospace insulation market has been segmented into Brazil, Argentina, and Rest of SAM. Our regional analysis states that Brazil captured 54.8% market share in 2022. It was assessed at US$ 194.83 million in 2022 and is likely to hit US$ 245.16 million by 2028, exhibiting a CAGR of 3.9% during the forecast period. Key players dominating the South & Central America 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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