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    Aircraft Elastomers Market Report

    Aircraft Elastomers Market Report
    Report code - SRAD178 Published On : Jul,2020 No. of Pages: 230
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    Aircraft Elastomers Market Size, Share, Trend, Forecast, & Competitive Analysis: 2020- See more...

    Impact of COVID-19 on Aircraft Elastomers Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Elastomers Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Loosely cross-linked polymers which possess the property of elasticity are called elastomers. The significant property that sets them apart is their ability to recover after deformation in compression or tension. They have a low Young’s modulus and high yield strain as compared to other materials. Elastomers are relatively soft and deformable at ambient temperatures owing to their amorphous nature. They can exist above their glass transition temperature, resulting in a possibility of considerable segmental motion. Elastomers can be thermosets (requiring a form of crosslinking called vulcanization) or thermoplastic (called TPE or thermoplastic elastomer). In the aircraft industry, elastomers are majorly used in the form of seals, gaskets, and hoses & tubes for applications such as airframe; propulsion; interior; landing gear, wheels, and brakes; and hydraulic and actuation.

    The aircraft industry was hoping to recover from some of its existing burning challenges (such as B737 Max grounding, P&W 1100G engine series failure, and delayed deliveries of upcoming aircraft programs), but the rapid spread of COVID-19 exacerbated the situation, negatively impacting the entire supply chain. The year 2020 is likely to be unsettling for the aircraft industry with the reduction in aircraft demand, order cancellations, temporary production halts, and huge revenue losses. However, the industry is well acquainted with managing crisis and is likely to emerge from the current grim situation, by adopting pragmatic strategies and a robust business approach.

    Despite the current prevailing adversity, the long-term outlook still seems favorable with rebounding growth opportunities across regions. The market for aircraft elastomers is likely to reach a value of US$ 186.0 million in 2025. Post taking a nose-dive in 2020, the demand for elastomers is likely to plateau in 2020, followed by sequential growth till 2025, assisting the market to hit back its 2019-market by value within the forecast period.

    Boeing in its 2019-2038 outlook, anticipated the total new commercial and regional aircraft deliveries to be 44,040 aircraft units during 2019-2038. Similarly, Airbus anticipated the 39,210 commercial and regional aircraft deliveries during the same period. Also, with rapidly changing requirements and regulations for fuel efficiency, there has been increasing pressure on aircraft OEMs as well as tier players from airlines to act at the root cause and opt for lightweight and durable materials. Hence, aircraft OEMs along with tier players are advancing different structures and parts by either improving the design or incorporating lightweight materials in order to make the aircraft lighter resulting in less fuel consumption. Elastomers prove to be an excellent choice for manufacturing seals and gaskets as they offer excellent properties such as lightweight, moldability, and low-temperature performance, which align with the current market requirements.

    Numerous other factors would further substantiate the demand for aircraft elastomers in the long run such as an expected increase in commercial aircraft fleet size coupled with aging aircraft fleet size and advancing fire test standards. According to the fire test requirements in FAA Advisory Circular 20-135, a part or material must withstand fire at 2,000°F (1,093°C) for fifteen minutes. In order to better align with the actual conditions in an aircraft fire, test procedures are changing for the better. The market players need to pull up their socks, keeping up with the rapidly advancing flammability testing standards for aerospace applications.

    Segments' Analysis

    Aircraft-Elastomers-Market-Dominant-Segments

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    Aircraft Elastomers Market Share by Platform Type

    The aircraft elastomers market is segmented based on the platform type as commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopter. Commercial aircraft is expected to remain the largest as well as the fastest-growing segment of the market during the forecast period, well backed by strong order backlogs of the best-selling aircraft programs, such as B737 and A320 including their variants and upcoming aircraft programs, such as C919 and MC-21. The commercial aircraft segment to witness a huge decline in 2020, mainly due to the pandemic and delays in approval of the B737 Max.

    Aircraft Elastomers Market Share by Material Type

    Based on the material type, the market is segmented as ethylene propylene diene monomer (EPDM), silicone, fluoroelastomers, nitrile rubber (NBR), polychloroprene or neoprene (CR), and others. Silicone is expected to remain the most dominant material type in the market during the forecast period, propelled by its outstanding properties. Silicones possess excellent properties such as high heat tolerance; resistance from aging, ozone, weathering, and sunlight (UV); good oxidative stability; and outstanding low-temperature flexibility. Significant advancements in the silicone polymer technology have resulted in the development of lighter grades as compared to existing ones. Silicone elastomers are replacing neoprene in many aviation seals as they are up to 15% lighter as compared to neoprene.

    Aircraft Elastomers Market Share by Product Type

    Based on the product type, the market is segmented as seals, gaskets, and others. Seals are likely to remain the most dominant product type in the market, whereas gaskets are likely to remain the fastest-growing product type for the same period. Seals are used across the aircraft in applications such as airframe, propulsion, interior, and landing gear.

    Regional Insights

    In terms of regions, North America is expected to remain the largest market for aircraft elastomers during the forecast period. The USA is the growth engine of the region’s market with one of the largest fleets of commercial aircraft in the world and the presence of major companies across the supply chain, being the hub of the aerospace industry as well as aircraft elastomers. The region is the early go-getter concerning technology and material adoption. The opening of assembly plants of the A320 and A220 aircraft programs by Airbus in the USA further assures a healthy growth of the market in the region.

    Aircraft-Elastomers-Market-By-Region

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    Despite enduring a severe blow in 2020, Asia-Pacific is likely to remain the fastest-growing market during the forecast period. There has been a gradual shift of manufacturing location from the developed regions; North America and Europe, to the developing region, mainly Asia, a prime factor fueling the long-term growth of the market.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Size in 2025

    US$ 186.0 million

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, France, Germany, the UK, Russia, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

                                                               

    The aircraft elastomers market is segmented into the following categories.

    Aircraft Elastomers Market Size, Share & Forecast, by Platform Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Elastomers Market Size, Share & Forecast, by Elastomer Type

    • EPDM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Silicone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fluoroelastomers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • NBR (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • CR (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Elastomers Market Size, Share & Forecast, by Product Type

    • Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Elastomers Market Size, Share & Forecast, by Application Type

    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Propulsion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Interior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Landing Gear, Wheels, and Brakes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hydraulic and Actuation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Elastomers 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 (Sub-Region Analysis: Latin America, the Middle East, and Others)