Global Aerospace & Defence Elastomers Market is estimated to be 86.7 Million by 2026 with a CAGR of 5.3% during the forecasted period.

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Published Date: May 2023

Growing demand for new aircraft in developing economies such as India and China. Additionally, increased growth rate in replacement of the existing aircraft with new ones is another major factor boosting growth of the aerospace & defense elastomers market worldwide.

The global aerospace & defence elastomers market accounted for US$ 57.3 million in 2018 and is estimated to be 86.7 million by 2026 and is anticipated to register a CAGR of 5.3%. The report. "Global Aerospace & Defence Elastomers Market, By Type (Ethylene Propylene Diene Monomer (EPDM), Fluoroelastomers, and Silicone Elastomers), By Application (O-Rings & Gaskets, Seals, Hoses, and Profiles), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key highlights:

On April, 2019 Parker Hannifin Corporation has signed into a definitive agreement to acquire LORD Corporation in strategic transaction that considerably increases engineered materials business.
On March, 2019 TransDigm Group Incorporated acquires Esterline Technologies Corporation. Esterline Corporation is an innovative global supplier of aerospace and defense industry specializing in three core business segments such as avionics & controls, advanced materials, and sensors systems.

Analyst View:

Sustained Technological Advancement

Growth in the consumption of aerospace & defense elastomers in the aviation industry of developing countries such as India and China leads to dive the growth of the aerospace & defense elastomers market across the globe. Additionally, the replacement of the existing aircraft by new aircraft is also projected to boost the growth of the aerospace & defense elastomers market worldwide. In 2017, the world's fleet of commercial aircraft increased its numbers by 4%, hence, the robust growth in the aircraft manufacturing industry is set to propel the aerospace elastomers demand.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Aerospace & Defence Elastomers Market”, By Type (Ethylene Propylene Diene Monomer (EPDM), Fluoroelastomers, and Silicone Elastomers), By Application (O-Rings & Gaskets, Seals, Hoses, and Profiles), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The global aerospace & defence elastomers market accounted for US$ 57.3 million in 2018 and is estimated to be 86.7 million by 2026 and is anticipated to register a CAGR of 5.3%. The market report has been segmented on the basis of type, application, and region.

By type, the silicone elastomers segment is projected to lead the global aerospace & defense elastomers market in the coming years. Silicone elastomer are utilized in sealing applications in several industries, as it can survive difficult operating conditions. Additionally, industry-wide acceptance of silicon elastomers, as these deliver general characteristics and excellent performance boosts the growth of this segment.
By application, the O-rings & gaskets segment is expected to dominate the aerospace & defense elastomers market in terms of volume over the forecast period. Growing use of O-rings & gaskets in the static sealing applications is boosting growth of this segment.
By region, the aerospace & defense elastomers market in North America is expected to increase at a rapid pace in the coming years. The U.S. is an important customer of aerospace and defense elastomers in North America. Several aerospace companies have production units in North America.

Competitive Landscape:

The prominent player operating in the global aerospace & defence elastomers market includes Trelleborg, Shin-Etsu Chemical, Greene, Tweed, Chemours, DOW Corning, Wacker Chemie AG, Saint-Gobain, Momentive Performance Materials Inc., Solvay, and Lanxess

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period