Aircraft Elastomers Market estimated to grow at a CAGR of 5.1% in the forecast period (2018-2023)

The report on the Aircraft Elastomers Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Elastomers Market is expected to inflate at a CAGR of 5.1% by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
● by Aircraft Type (Commercial & Regional Aircraft, and Others) – Commercial aircraft to remain the largest and fastest-growing segment of the market.
● by Material Type (EPDM, Fluoroelastomers, and Others) – Fluoroelastomers to remain most dominant material type segment.
● by Application Type (O-rings, Gaskets, and Others) – O-Rings and gaskets to remain most dominant application segment.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Table Of Contents: https://www.stratviewresearch.com/toc/341/Aircraft-Elastomers-Market.html

Highlights of the Report:
The global 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.

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.

Silicone elastomers are likely to be the fastest-growing material segment of the market during the same period, propelled by its increasing traction in many applications including gaskets, molded seals, airframe, aerodynamic, and engine seals. They also offer excellent heat resistance, cold flexibility, dielectric properties, and good resistance to oxygen and ozone and have operating temperatures ranging between -60°C and 200°C. Silicone elastomers are replacing neoprene in many aviation seals as it is up to 15% lighter. Furthermore, there has been an advancement in the silicone polymers, which are even more lighters.

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.

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.

Request a Sample here: https://www.stratviewresearch.com/Request-Sample/341/Aircraft-Elastomers-Market.html

Key Players of the 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.

Features of the Report
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

Know more about us and our reports:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team makes sure to have a deep research about the topics so that the most useful insights can be delivered to the professionals.

400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
Email-sales@stratviewresearch.com

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

This release was published on openPR.