DUBLIN--(BUSINESS WIRE)--The "Aerospace & Defense Elastomers Market by Type (EPDM, Fluoroelastomers, Silicone Elastomers), Application (O-Rings & Gaskets, Seals, Profiles, Hoses), and Region (North America, Europe, South America, Rest of the World) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The aerospace & defense elastomers market is projected to grow from USD 54.3 million in 2017 to USD 70.8 million by 2022, at a CAGR of 5.5% from 2017 to 2022.
The growth of the aerospace & defense elastomers market across the globe can be attributed to the increasing consumption of aerospace & defense elastomers in the aviation industry of emerging economies such as India and China. In addition, the replacement of the existing aircraft by new aircraft is also expected to drive the growth of the aerospace & defense elastomers market across the globe.
Aerospace & defense elastomers are used in O-Rings & gaskets, seals, profiles, and hoses. Among applications, the O-rings & gaskets segment is projected to lead the aerospace & defense elastomers market between 2017 and 2022 in terms of volume. The growth of this segment of the market can be attributed to the increasing use of O-rings & gaskets in the static sealing applications, wherein simple, economical, and leak-proof performance is required.
Based on type, the fluoroelastomers segment accounted for the largest share of the aerospace & defense elastomers market in 2017, in terms of value. The growth of this segment of the market can be attributed to the excellent resistance to heat and weathering offered by fluoroelastomers as well as their extraordinary sealing and mechanical properties. Thus, fluoroelastomers are increasingly being used in aircraft engines and fuel handling systems, thereby leading to their growing demand from the aviation industry.
Market Dynamics
Drivers
- Sustained Technological Advancement
- Replacement of Aging Aircraft
Restraints
- Stagnant Western Markets
Opportunities
- Manufacturing Optimization Through New Technologies
Challenges
- Major Manufacturers are Demanding Cost Reductions
- Highly Cyclical Nature of the Aerospace Industry
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Aerospace & Defense Elastomers Market, By Type
7 Aerospace & Defense Elastomers Market, By Application
8 Aerospace & Defense Elastomers Market, By Region
9 Competitive Landscape
10 Company Profiles
- Trelleborg
- Shin-Etsu Chemical
- DOW Corning
- Greene, Tweed
- Chemours
- Wacker Chemie AG
- Momentive Performance Materials Inc.
- Saint-Gobain
- Solvay
- Lanxess
- 3M
- Chenguang Fluoro & Silicone Elastomers Co. Ltd
- Esterline
- Holland Shielding
- Jonal Laboratories Inc
- Polymod Technologies
- Quantum Silicones
- Rogers Corporation
- Seal Science Inc
- Specialised Polymer Engineering
- Specialty Silicone Products
- Technetics
- TRP Polymer Solutions Limited
- Unimatec
- Zeon Chemicals
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