Le Lézard
Classified in: Tourism and vacations, Transportation, Covid-19 virus
Subject: SVY

Aircraft Interior Elastomers Market Size, Impacted by COVID-19, to Reach US$ 45.5 Million in 2025, Says Stratview Research


DETROIT, June 2, 2020 /PRNewswire/ -- Stratview Research  announces the launch of a new market research report on Aircraft Interior Elastomers Market by Platform Type [Commercial Aircraft (Narrow-Body Aircraft, Wide-Body Aircraft, and Very Large Aircraft), Regional Aircraft, and General Aviation], by Elastomer Type (EPDM, Silicone, Fluoroelastomers, NBR, CR, and Others), by Product Type (Seals, Gaskets, Hoses & Tubes, and Others), by Application Type (Doors & Windows, Seats, HVAC, Interior Panels, Galleys, Lavatories, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025.

Stratview Research Logo

The report, from Stratview Research, provides a comprehensive analysis that reflects today's aircraft interior elastomers market realities and future possibilities for the forecast period 2020 to 2025. The report segments and analyzes the market in the most comprehensive manner to provide a panoramic view of the market considering the impact of COVID-19. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.

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 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 recover 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, is 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 39,210 commercial and regional aircraft deliveries during the same period, assuring a positive comeback in the demand from 2021 onwards. This would ultimately drive the global aircraft interior elastomers market to reach US$ 45.5 million in 2025.

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 application compels the market players to keep up and meet the emerging needs.

Click Here and Run Through the Detailed TOC of the Report: https://www.stratviewresearch.com/toc/831/aircraft-interior-elastomers-market.html

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, 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.

Register Here and Ask for a Free Sample on the Exclusive Report: https://www.stratviewresearch.com/Request-Sample/831/aircraft-interior-elastomers-market.html

Despite severely hit 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.

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 of 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 the 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 aircraft interior elastomers 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 the major players to gain a competitive edge in the market.

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 on 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:

This report studies the global aircraft interior elastomers market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:

Aircraft Interior Elastomers Market, by Platform Type

Aircraft Interior Elastomers Market, by Elastomer Type

Aircraft Interior Elastomers Market, by Product Type

Aircraft Interior Elastomers Market, by Application Type

Aircraft Interior Elastomers Market, by Region

Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. 

For enquiries,
Contact:
Stratview Research
E-mail: [email protected]
Direct: +1-313-307-4176

SOURCE Stratview Research


These press releases may also interest you

at 18:00
SIMPLY BETTER BRANDS CORP. ANNOUNCES ISSUANCE OF SHARES PURSUANT TO VIBEZ AGREEMENT
Simply Better Brands Corp. ("SBBC" or the "Company") announces that, further to the Company's news release dated January 25, 2023, and in connection with the Branding Earnout Agreement dated January 25, 2023, the Company has issued 89,966 common...

at 16:35
CHEGG INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Chegg, Inc. - CHGG
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Chegg, Inc. . Chegg is a publicly traded educational technology...

at 16:30
Whitman-Walker Institute Applauds the Biden-Harris Administration for Finalizing Robust Affordable Care Act Nondiscrimination Protections for LGBTQI+ Communities
Today, the Biden-Harris Administration released a final rule under Section 1557, the core nondiscrimination provision of the Affordable Care Act. This groundbreaking rule marks a critical step in protecting access to health care and coverage for...

at 16:30
Farmmi Receives NASDAQ Notification Regarding Minimum Bid Requirements
Farmmi, Inc. ("Farmmi" or the "Company") , an agriculture products supplier in China, today announced that on April 22, 2024, it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in...

at 16:20
AMC Entertainment Holdings, Inc. Previews First Quarter 2024 Preliminary Results and Announces First Quarter 2024 Earnings Webcast
AMC Entertainment Holdings, Inc. (the "Company," or "AMC"), today released preliminary results for the first quarter ended March 31, 2024. The preliminary results are unaudited, subject to completion of the Company's financial reporting processes,...

at 16:00
31 MW Solar Sites in Nova Scotia to be Developed by SolarBank
SolarBank Corporation (CBOE CA: SUNN) ("SolarBank" or the "Company") announces that it has partnered with TriMac Engineering of Sydney, Nova Scotia to develop a 10 MW DC community solar garden in the rural community of Enon,  and three 7 MW DC...

More news about Covid-19 virus...


News published on and distributed by: