(I-BusinessNews.Com, November 20, 2018 )
Stratview Research announces the launch of a new market research report on Aircraft Elastomers Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopter, General Aviation, and Military Aircraft), by Material Type (EPDM, Fluoroelastomers, Silicone Elastomers, and Others), by Application Type (O-Rings, Gaskets, Seals, Profiles, and Hoses), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
Aircraft Elastomers Market: Highlights
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.
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Elastomers are used to make seals, gaskets, etc. in the aircraft industry that is ultimately used for various applications including airframe seals, such as windows, doors, ailerons, flaps, and access panels; and fire seals, such as starters, generator exhaust, and auxiliary power unit. There has been a significant evolution in design and materials with regards to elastomers in the aircraft industry to address the changing business needs, market competition and stringent regulations.
Airlines’ requirement for fuel-efficient aircraft shows no signs of abating. This is corresponding enormous pressure on aircraft OEMs as well as tier players. Aircraft OEMs along with tier players are advancing their aircraft by either improving the design or incorporating lightweight parts in order to make the aircraft lighter for consuming less fuel. Seals and gaskets also experiencing a remarkable change in design and materials.
The supply chain of this market comprises raw material suppliers, elastomer producers, seal manufacturers, tier players, aircraft OEMs, MRO companies, and airlines. 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.
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