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

Growing demand for new aircraft in developing economies such as India and China.
By: prophecymarketinsights
 
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

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:


Sales

Prophecy Market Insights

Email- sales@prophecymarketinsights.com

End
Email:***@prophecymarketinsights.com
Tags:Marketing
Industry:Advertising
Location:Los Angeles - California - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
market Reserch News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share