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    Aircraft Interior Elastomers Market | Covid-19 Impact Analysis

    Aircraft Interior Elastomers Market | Covid-19 Impact Analysis

    Aircraft Interior Elastomers Market | Covid-19 Impact Analysis
    Report code - SRAD306 Published On : May,2020 No. of Pages: 282
    Aircraft Interior Elastomers Market by Platform Type [Commercial Aircraft (Narrow-Body Air See more...
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    Impact of COVID-19 on Aircraft Interior Elastomers Market

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

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    Impact of COVID-19 on Aircraft Interior Elastomers Market

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

    Stratview Research continues to publish extremely niche market subjects containing disruptive growth potential. This time, we have come up with another such market report on the Aircraft Interior Elastomers Market. The report identifies the potential of elastomers in different aircraft interior applications as well as in different elastomeric product types. Also, the report estimates possible damage to the market in short as well as long-term due to the pandemic as well as an expected recovery in the near future.

    The Aircraft Interior Elastomers Market: Highlights

    Polymer – a term that covers three main groups called thermoplastics, thermosets, and elastomers. Elastomers are polymers which possess the property of elasticity. They have a low Young’s modulus and high yield strain as compared to other materials. Elastomers are amorphous polymers that exist above their glass transition temperature, resulting in a possibility of considerable segmental motion. Hence, they are relatively soft and deformable at ambient temperatures. 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 to fabricate seals, gaskets, hoses & tubes, profiles, isolators, and dampers.

    The COVID-19 pandemic has worsened the already troubled aerospace industry, which was expected to be recovering from some burning challenges from the second half of 2020 with FAA’s approval to Boeing for B737 max. Aircraft elastomers business could not escape itself from this changing market conditions and are estimated to witness a humongous decline in 2020, mainly due to the pandemic. Airlines are either canceling their orders or requesting airframers to delay the aircraft deliveries, which, in turn, heavily impacting the business of OEMs, tier players, as well as raw material suppliers including elastomers for aircraft interiors.

    However, the long-term outlook is still promising with rebounding growth opportunities across regions. 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, asserting a positive comeback in the demand from 2021 onwards, ultimately driving the market to reach US$ 45.5 million in 2025.

    Aircraft Interior Elastomers Market Forecast

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    Having survived three-stock market crashes, the Great Recession, SARS, and 9/11, the aerospace industry is no stranger to crisis. Though the industry is quite buoyant and comes back stronger than before, each setback brings fundamental changes in the business. The COVID-19 pandemic’s effects on the industry are unprecedented at the moment and may bring irreparable changes in the landscape, compelling the industry giants to reconfigure their strategies.

    Several other factors may contribute to the growth of elastomers in the long term. Some of these are increasing commercial aircraft fleet size, aging aircraft fleet, and advancing fire test standards. Stringent fire and passenger safety regulations are imprinting a significant impact on elastomers market dynamics. For instance; FAA and Civil Aviation Authority have made it compulsory to conduct fire tests of elastomeric seals with propane and oil burners with the purpose to assure the safety of onboard passengers from fire. The changing flammability testing for interior applications compels the market players to keep up and meet the emerging needs.

    The aircraft interior elastomers market is segmented based on the platform type as commercial aircraft, regional aircraft, and general aviation. Commercial aircraft is further sub-segmented into narrow-body aircraft, wide-body aircraft, and very large aircraft. Commercial aircraft is expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. Strong order backlogs of the best-selling aircraft programs, such as B737 and A320 including their variants; upcoming aircraft programs, such as C919 and MC-21 are likely to revive the market, in the long run, creating a healthy demand for elastomers in the commercial aircraft segment.

    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 largest segment of the market during the forecast period, propelled by its outstanding properties. Silicone offers excellent heat resistance, cold flexibility, dielectric properties, and good resistance to oxygen and ozone; and have operating temperatures ranging between -60°C and 200°C. Silicone elastomers are replacing neoprene in many aviation seals as it is up to 15% lighter. Furthermore, there have been advancements in silicone polymers, resulting in even lighter grades as compared to the existing ones.

    Based on the product type, the market is segmented as seals, gaskets, hoses & tubes, and others. Gaskets are likely to remain the most dominant segment of the market during the forecast period. Gaskets serve environmental sealing purposes, pressure retaining, vibration damping, fire-resistant or fireproof, and EMI/RFI shielding. They are mostly produced via an extrusion process. In aircraft interiors, gaskets are majorly used in doors & windows, sidewall panels, ceiling panels, galleys, and lavatories.

    Despite severely hit the aerospace industry in the USA because of the COVID-19 pandemic, it seems that North America will maintain its dominance in the aircraft interior elastomers during the forecast period. The USA has one of the largest fleets of commercial aircraft in the world. Due to the presence of major companies, the region is the early go-getter in the industry 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 in the long run.

    Aircraft Interior Elastomers Market By Region

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    Asia-Pacific is among the worst-hit regions by the COVID-19 pandemic; however, the region is estimated to maintain its growth momentum in the long run with few bumps in 2020. There has been a gradual shift of manufacturing facilities from the developed regions: North America and Europe, to the developing region, a prime factor acting as a catalyst for market growth. Furthermore, the development of indigenous aircraft programs C919 and Mitsubishi Space Jet are likely to drive the demand for elastomers in the aircraft interior applications in the region.

    The aircraft interior elastomers market is gradually heading towards consolidation as the industry recorded a fair number of mergers & acquisitions to tap growing opportunities in this high potential market. For instance, in 2018, TransDigm, Inc. acquired Kirkhill, Inc. to enhance its position in the elastomers business. Similarly, in 2016, Trelleborg AB, one of the leading suppliers of elastomers and elastomer seals, acquired a subsidiary of CoorsTek, Inc., expanding its presence in the North American market.

    The supply chain of this market comprises raw material suppliers, elastomer manufacturers, seals/gaskets/hoses manufacturers, tier players, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies. Key players in the market are Trelleborg AB; Meggitt PLC; Kirkhill, Inc.; Freudenberg Group; Hutchinson SA; The Dow Chemical Company; Wacker Chemie AG; Solvay SA; Saint Gobain S.A.; and The Chemours Company.

    All the major elastomer suppliers have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning. However, high level of integration, new product developments, and strategic alliances are some of the key strategies adopted by major players to gain a competitive edge in the market.

    Research Methodology

    This report offers high-quality insights and is the outcome of 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 2,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, 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 interior elastomers market is segmented into the following categories:  

    Aircraft Interior Elastomers Market, by Platform Type

    • Commercial Aircraft
    • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • (Platform Type: Narrow-Body Aircraft, Wide-Body Aircraft, and Very Large Aircraft)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Interior Elastomers Market, 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 Interior Elastomers Market, by Product Type

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

    Aircraft Interior Elastomers Market, by Application Type

    • Doors & Windows (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Seats (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • HVAC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Interior Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Galleys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lavatories (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Interior Elastomers Market, 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)

    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 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 at [email protected]


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