Detroit, July 19, 2018 (GLOBE NEWSWIRE) -- 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.
The Global Aircraft Elastomers Market: Highlights
As per Stratview Research, the global aircraft elastomers 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.
Based on the aircraft type, commercial aircraft is likely to remain the largest and fastest-growing segment of the market during the forecast period of 2018 to 2023. 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.
Based on the material type, fluoroelastomers are projected to remain the most dominant material segment of the market during the forecast period. Whereas, silicone elastomers are likely to be the fastest-growing material segment of the market during the same period
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O-Rings and gaskets are two major applications of elastomers 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.
Key aircraft elastomer manufacturers are Trelleborg AB, Dow Corning Corporation, Shin-Etsu Chemical Co., Ltd., Greene, Tweed & Co., TransDigm Group, Solvay S.A., Lanxess Aktiengesellschaft, Momentive Performance Materials Inc., Saint-Gobain, The Chemours Company, and Wacker Chemie AG.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.