Aircraft Extruded Seals Market is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopters, Military Aircraft, and General Aviation), by Application Type (Doors, Windows, and Others), and byRegion (North America, Europe, Asia-Pacific, Rest of the World)
Aircraft Extruded Seals Market is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopters, Military Aircraft, and General Aviation), by Application Type (Doors, Windows, and Others), and by Region ...
Seals are used in aircraft to prevent leakage of fluids, prevent air and dust to enter into aircraft’s structure, and provide protection against harsh environmental conditions. Seals are characterized by various functions including aerodynamics, fire resistance, conduction, insulation, and air and fluid handling. Extruded seals are made by the extrusion process which is used to make seals of fixed cross-sectional profile by forcing a material preferably elastomers through a die. This process is used to make complex cross-sections with smooth surface shining.
Seals have traveled a remarkable journey in the aircraft industry over the eons concerning materials, designs, processes, certifications, and many other factors. Today, manufacturing seals of different types including extruded seals is a convoluted job which is a key factor limiting the number of companies active in the seals business for the aircraft industry.
The aircraft industry had been blossoming at a healthy rate till 2018, marked a growth era of almost 16 years. The unprecedented grounding of the B737 Max program in 2019 after two deadly crashes within six months took down the nose of the rising aircraft industry. Moreover, the pandemic in 2020 hit the industry hard causing unimaginable disruption and losses for the stakeholders. The extruded seals market has recorded a huge decline of 28% in 2020.
The lift of Boeing’s B737 Max in October 2020, gradual opening of travel restrictions, and an expected rebound in aircraft deliveries are among the key factors that are helping the industry stakeholder to rejuvenate the market demand. Furthermore, the market entries of new aircraft OEMs, especially COMAC and Irkut, in the commercial aerospace business coupled with the upcoming fuel-efficient variants of the existing aircraft programs are likely to accelerate the recovery process. Overall, the market for aircraft extruded seals is subjected to rebound at a propitious rate of 7.6% to reach US$ 0.11 Billion in 2026.
Segments' Analysis
Aircraft Extruded Seals Market by Aircraft Type
Based on the aircraft type, the aircraft extruded seals market is segmented as commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Despite a huge decline in 2020, commercial aircraft is expected to remain the biggest demand generator for extruded seals in the aircraft industry in the foreseen future. The aircraft type is also likely to grow at an impressive rate in the post-pandemic market developments. Market entry of new players, such as COMAC and Irkut, rebounding aircraft deliveries, and ungrounding of B737Max are some of the key factors propelling the demand for extruded seals in commercial aircraft segment.
IATA’s estimates on December 2019 (Pre-COVID 19) suggested a positive 4.1% growth in RPKs in 2020, whereas the latest estimates (December 2020) of the organization gauged the impact of the pandemic in the airline industry and revealed a mammoth decline of 66% in RPKs worth US$ 418 billion in 2020. Despite all breath-taking market conditions, the long-term outlook still seems positive with good opportunities lying in the industry once the headwinds of the pandemic turn into tailwinds. Huge order backlogs of Boeing and Airbus, asserting them to produce aircraft for more than seven years at the current production rate.
Aircraft Extruded Seals Market by Application Type
Based on the application type, the aircraft extruded seals market is segmented as doors, windows, and others. The door is expected to remain the most dominant application type in the market over the next five years. Windows, another major application type, is likely to grow at the highest pace over the same period. Rigorous regular maintenance and replacement activities by airlines coupled with the emergence of new OEMs are the major reasons behind the healthy growth of the windows segment over the next five years.
Regional Analysis
In terms of regions, North America is expected to remain the largest market for aircraft extruded seals during the forecast period. The presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators made the USA the leading region in the market. Most of the extruded seals suppliers have their presence in the region to address the emergent needs of OEMs and to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
Asia-Pacific is likely to soar at the fastest rate during the same period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus for multiple aircraft programs, increasing procurement of military aircraft, owing to the rising defense budget, and upcoming indigenous aircraft C919.
The following are the key players in the aircraft extruded seals market-
Freudenberg Group
Advanced Polymers Ltd.
VIP Rubber & Plastics Company
Technetics Group
Rubbercraft Corp.
Saint-Gobain
Minor Rubber Co. Inc.
Kirkhill Inc. (TransDigm Group Incorporated)
Elastostar Rubber Corporation
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft extruded seals market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our aircraft seals market report from the industry stakeholders, we have tried to further accentuate our research scope to the aircraft extruded seals market in order to provide the most crystal-clear picture of the market. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
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. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis.
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
Market trend and forecast analysis.
Market segment trend and forecast.
Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
Attractive market segments and associated growth opportunities.
Emerging trends.
Strategic growth opportunities for the existing and new players.
Key success factors.
The aircraft extruded seals marketis segmented into the following categories.
Aircraft Extruded Seals Market Size, Share & Forecast, by Aircraft Type
Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Helicopters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Extruded Seals Market Size, Share & Forecast, by Application Type
Doors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Windows (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Extruded Seals Market Size, Share & Forecast, by Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
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The aircraft extruded seals market is estimated to grow at a healthy CAGR of 7.6% by 2026. Doors and windows are the most preferred applications of extruded seals in the aerospace industry.
Freudenberg Group, VIP Rubber & Plastics Company, Advanced Polymers Ltd., Technetics Group, Rubbercraft Corp., Saint-Gobain, Minor Rubber Co., Inc., Kirkhill Inc. (TransDigm Group Incorporated), Excelsior, and Elastostar Rubber Corporation are among the major key players in the aircraft extruded seals market.
North America is estimated to remain dominant in the aircraft extruded seals market in the foreseen future. The USA is likely to remain the growth propeller of the region’s market in the foreseen future.
