Global Aerospace & Defence Elastomers Market is estimated to be 86.7 Million by 2029

LOS ANGELES - July 1, 2021 - PRLog -- The global aerospace & defence elastomers market accounted for US$ 57.3 million in 2018 and is estimated to be 86.7 million by 2026 and is anticipated to register a CAGR of 5.3%. The report. "Global Aerospace & Defence Elastomers Market, By Type (Ethylene Propylene Diene Monomer (EPDM), Fluoroelastomers, and Silicone Elastomers), By Application (O-Rings & Gaskets, Seals, Hoses, and Profiles), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030".

Analyst View:

Sustained Technological Advancement

Growth in the consumption of aerospace & defense elastomers in the aviation industry of developing countries such as India and China leads to dive the growth of the aerospace & defense elastomers market across the globe. Additionally, the replacement of the existing aircraft by new aircraft is also projected to boost the growth of the aerospace & defense elastomers market worldwide. In 2017, the world's fleet of commercial aircraft increased its numbers by 4%, hence, the robust growth in the aircraft manufacturing industry is set to propel the aerospace elastomers demand.
Key Market Insights from the report:

The global aerospace & defence elastomers market accounted for US$ 57.3 million in 2018 and is estimated to be 86.7 million by 2026 and is anticipated to register a CAGR of 5.3%. The market report has been segmented on the basis of type, application, and region.

• By type, the silicone elastomers segment is projected to lead the global aerospace & defense elastomers market in the coming years. Silicone elastomer are utilized in sealing applications in several industries, as it can survive difficult operating conditions. Additionally, industry-wide acceptance of silicon elastomers, as these deliver general characteristics and excellent performance boosts the growth of this segment.

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Aerospace-&-Defence-Elastomers-Market-4294

Competitive Landscape:

The prominent player operating in the global aerospace & defence elastomers market includes Trelleborg, Shin-Etsu Chemical, Greene, Tweed, Chemours, DOW Corning, Wacker Chemie AG, Saint-Gobain, Momentive Performance Materials Inc., Solvay, and Lanxess

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