The Market of Aircraft Elastomers to experience an impressive growth of 5.1% CAGR during 2018-2023

The new report of Stratview Research analyses the Aircraft Elastomers market over the trend period from 2012 to 2017 and forecast period from 2018 to 2023. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

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An overview: Market share of the aircraft elastomers

The next five years for the aircraft elastomers market are going to be vigorous for both existing as well as new players. The market is likely to register a healthy CAGR of 5.1% over the next five years, propelled by a host of factors including increased production of commercial aircraft, such as B737 and B787; introduction of fuel-efficient aircraft, such as A320neo and B737 Max; advancement in elastomers; stringent fire test standards; and rising aircraft fleet size.

Commercial aircraft: The growth engine

The aircraft elastomers market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, Military Aircraft, General Aviation, and Helicopter. Commercial aircraft is likely to remain the largest and fastest-growing segment of the market during the forecast period of 2018 to 2023, driven by an increasing demand for commercial aircraft to support the rising air passenger and freight traffic. Boeing anticipated that there would be total deliveries of 41,030 commercial aircraft worth US$ 6.1 trillion in the global marketplace during 2017-2036. Asia-Pacific and North America would be the biggest demand generators with a combined share of 60.2% of the total commercial aircraft deliveries during 2017-2036. An expected healthy CAGR of 4.7% in air passenger traffic during 2017-2036 will chiefly drive the demand for commercial aircraft. This factor will create a sustainable demand for elastomers in the industry in the foreseeable future.

Dominance of: Fluoroelastomers and O-Rings and Gaskets

Based on the material type, the aircraft elastomers market is segmented as Ethylene Propylene Diene Monomer (EPDM), Fluoroelastomers, Silicone Elastomers, and Others. Fluoroelastomers are projected to remain the most dominant material segment of the market during the forecast period, driven by higher usage in aircraft engines and fuel sections, owing to their good chemical resistance and cold-flexibility with operating temperatures ranging between -20°C and 200°C.

Based on the application type, the aircraft elastomers market is segmented as O-Rings, Gaskets, Seals, Profiles, and Hoses. O-Rings and gaskets are two major applications of the market and are likely to remain the dominant ones over the next five years as well. These applications found usage in almost all parts of an aircraft including airframe, engines, interiors, control surfaces, and landing gears. Nitrile Butadiene Rubber (NBR), Fluorocarbon Rubber (FKM), Ethylene Propylene Diene Monomer (EPDM), and Silicone Rubber (Q) are the most common materials used to manufacture O-rings and gaskets.

A highly/moderately/fragment consolidated Market

The key aircraft elastomer manufacturers are Trelleborg AB, Dow Corning Corporation, Shin-Etsu Chemical Co. Ltd., Greene Tweed & Co. Inc., TransDigm Group, Solvay S.A., Lanxess Aktiengesellschaft, Momentive Performance Materials Inc., Saint-Gobain, The Chemours Company, and Wacker Chemie AG.

The supply chain of this market comprises raw material suppliers, elastomer producers, seal manufacturers, tier players, aircraft OEMs, MRO companies, and airlines

Regional Hegemony of North America & Europe

In terms of regions, North America is likely to remain the most dominant market over the next five years, driven by the USA. The country is the largest manufacturer of aircraft worldwide with the presence of major commercial, regional, business jet, and military aircraft manufacturers. The country also holds a long list of tier-I and -II players, which require elastomeric seals on a daily basis for components/systems manufactured.

Europe, another major market for aircraft elastomers, is likely to witness a healthy growth rate over the next five years, driven by increasing production rates of key Airbus aircraft programs, A320 family including neo version and A350XWB. The region also holds a vast list of tier players to support the assembly plants of major European airframers including Airbus Group and ATR.

Comprehensive Market Coverage

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This release was published on openPR.